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Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Pseudo Biologist who wrote (6061)	12/1/1998 4:37:00 PM
From: Rocketman	Respond to of 9719

Hope you weren't buying XOMA in November, as it seems to have done nothing but slide slowly downhill all month, giving back much of that nice October gain. Glad I followed my instincts and didn't buy XOMA for the model in the beginning of November when it was being brought to the threads attention. I can't see buying XOMA for a while yet either, as they are too apt to get some tax loss selling this month by those who bought earlier this year when it was in the $5-$8 range. XOMA just has too much of a tendency to be volatile and return to a bargain. Plus, it isn't marginable these days. They really need to reverse split this sucker some day and get it into a decent price range and reduce the number of shares outstanding, but that is just deemed too psychologically devastating for them to ever do it. Rman