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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?

To: Robert K. who wrote (8540)	1/29/1999 9:16:00 AM
From: opalapril	Respond to of 17367

Time to get real. It seems to me the first P-3 trial to be announced will have a watershed effect on the stock price. If good, the stock rises dramatically and we won't be too concerned about this latest deal. If bad, it won't matter. To be sure, as Stephen Jay Gould has said, god resides in the details, but the only way the details will matter is if the P-3 results are ambiguous.

To: Robert K. who wrote (8540)	1/29/1999 9:35:00 AM
From: BRAVEHEART	Read Replies (1) \| Respond to of 17367

A guess on the financing. I would guess this financing is not set up to bury the company with dilutive convertables. I would assume it has certain provisions. Call them reset provisions. If the stock trades below a certain price {( risk protection ) in the event of say clinical failure } then the conversions are reset as of certain preset dates. GENTA has such provisions. It seems as if they are set up on a six month basis. I would personally find out what those provisions are ( SEC documents etc ). Monitor the shareprice relative to certain risk factors ( FDA decisions and such ). If the trend is down heading into a reset and shorting behavior is up I might get out momentarily until the reset date passes. Just some thoughts... Heck VRGN is experiancing the Death Spiral convertable right now. Should end soon. Looks like they are dragging it to .50. Should have a nice pop in the end. BEST WISHES LONE WOLF