Guess why the price fell to 3.63 in the 3rd week of Aug - so BB could score more cheap options. They control the price
1. Name and Address of Reporting Person *
BAKER BROS. ADVISORS LP Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 8/19/2013 P 882323 A $3.62 2829753 I See footnote (1) (4) (5)
Common Stock 8/19/2013 P 1854058 A $3.62 19767770 I See footnote (2) (4) (5)
Common Stock 8/19/2013 P 21410 A $3.62
I am not sure if should be excited when I hear that BB owns more than 30% of Xoma shares. They can easily manipulate this stock up or down since they are in total control of the Xoma. I still believe that Xoma will be a $10 stock by EOY!
Let's take a look at your logic. "They can easily manipulate this stock up or down since they are in total control of the Xoma." If this were the case, and they had "total control" they would "manipulate" the share price up to $10. Your logic is not only flawed, it's pathetically dumb.