To open on a block of 75,000 shares up 21 cents and then move down is crap. I thought either somebody knows something or somebody is trying to start a short squeeze. I prefer the former but it's looking like the latter. Grrrrr!
the last 2 weeks in Sept. the shorts covered 400k shares. In Oct. weakness was created when Xoma borrowed another 5 million. I suppose shorts covered another million at a nice profit with that event, since Short interest skyrocketed when Xoma went to 4 dollars. Disappointing if you are a Xoma long. Whats new.