I have trade XOMA for years and instead of getting caught up in the news of study results, lack of earnings and splits, I have bought and sold XOMA simply on stochastic and ema trends (you can play with the variables but the results are the same). I personally consider XOMA overbought and look to enter at a lower value. When I was in a situation of already owning XOMA I still used this agnostic trend to buy more shares before dumping them as the these trend indications change, they always do. Is XOMA a good company? Do they have a future in the world of pharmapipelines? Who cares, I just love trading this stock. I am looking to enter at indications around $2.30, when I don't know. Swing trade may be a grey area but to me it's a month to two month change in trends.