Just Curious!! How many of the longs got shaken off today???
We are down 84 cents!!!! wow!! isn't that scary??? Post if you were a long or intending to be a long and got scared today. I personally can honestly say that my investment here is for the long. XOMA = $10 and this is not pumping but based on analysis of their pipeline and near term catalysts.
I'm new to the stock and bought in $8's but will add more when the S&P gets down in the 1750's which should be a bounce point unless there is a bigger sell off to come. I have 2000 shares and will buy another 1000 to help my average. Beware of a false bounce that only sends the market lower. 1750 is the line in the sand the way I see it on the S&P.
Ignore that. We are not yet out of the global sell off and xoma is not insulated from that. Hoping to see leveling off and rebounds by mid next week or if lucky early next week. china data and other asian country data are affecting. Increasing natural gas price is also affecting. But these are reasons for correction. Generally after a correction the good ones rebound faster and I am pretty sure xoma is going to go back. So hold on!!!