I really cant put my finger on why this stock continues to
frustrate me when I try to divine what I think the future will bring
in this stock. They have several patents pending, Genentech bought a large
chunk (1m plus) at 6, and the 30 week moving avg is still trending
higher (However, the 50 day is now trending lower, asof 07/13/96).
Also, whenever I think this guy is now headed upwards it always seems
to reverse itself!
What do you guys think about XOMA? Are you bullish or bearish in the
intermediate to long term?