Gf...you inspired me to sell 15,000 shares at the open today, 10,000 @ 7.25 and 5000 @ 7.30. Just got back to my office to see a minor sell off. Sold out of my IRA and will look to buy back after settlement.
Pretty simple: a stock price cannot go straight up without interruption. There are going to be profit takers and short sellers, especially with Xoma. I expected a substantial amount of shares at stop loses as people want to protect gains from a stock that has disappointed for so long. Just added a modest amount at $7.07