There is very strong demand for this stock. Low teens by today. Sell-off tomorrow on loss report (shake out the weak ones), then continued upward trend next week. This is a great long-term stock in terms of the risk/reward ratio. Great updside with not much of a downside (i.e. we've seen the LAST of the single digits on this one IMHO) Good luck shorts good luck.
For all we know they could be meeting with the FDA tomorrow, so it makes sense to delay earnings so they can report the outcome of the meeting. That is neither good nor bad, as the outcome is not known.
As an observation, though, XOMA is really prompt about disclosing bad news...
You said there would be a selloff when earnings are reported tomorrow...why?? We expect the results to be a loss so why will it fall. Remember the most important thing we expect from the quarterly report is more info about what is going to happen in the immediate future...and Xoma's slant on what has happened this quarter.
George aka the club said Xoma has decided they need another couple days to complete their earnings statement so it probably won't be released tomorrow. Hope the delay is because of something good.
Earnings were expected a pre-market open tomorrow. They will be delayed a bit - that is NEVER because of good news. Loss will be higher than expected which will scare some of the late-comers out. However, like I said, this company is a GREAT long-term hold and I'm planning on buying more tomorrow at or around $9. Good luck to all those long on Zoma!!