just4bucks
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Gonna be a bumpy ride today. Nite sitting @ 1.43
I don’t know where the pps will be today or next week because we don’t know what caused this sudden uptrend. I am however, more bullish on this stock today than yesterday. My reasoning may be flawed but simple. It’s always a good idea to take profit when available, and we know how much short term influence on the pps Sheff carries due to others that follow his lead, and I’ll raise my hand as well,lol,but this stock absorbed those shares and bounced back. So I hope today we can continue the uptrend.
JMHO
GLTA
Only 4 MM's on the ask now. Those 5's will not last too long. Maybe on the last push at eod.
This is so undervalued, if it gets approved the big boys will be drooling to get their hands on it. Therefore, the pps should increase commensurate to potential market value just to keep the hawks away.
Yeah, it wants to run hard. With a little more pressure this one is going out of the park. I doubled down first thing this morning. I messed up my .71 average, but more gains in the long run.
All is JMHO
GLTA
LOL, Let’s see if we can break into dollar land tomorrow.
GLTA
TLON becoming very bullish
Nice and steady climb. NICE!!!
This company is still in the infancy stage with a lot of room to grow. I’ve been in contact with a friend of mine, a physician, who is part of a group and they have not been approached by any sales reps from AVNR. BTW, she is excited about the product and the potential uses outside the scope of its original intent. All, I’m trying to convey is that sales reps possibly have not yet saturated their territories. And we still await the European market.
Patience is key here for any investor waiting to reap the full benefits.
JMHO
GLTA
Could be some shorts closing out their positions prior to the quarterly earnings?
Yes, we had a good day today. Added @.74 which increased my average, but if volume picks up price will follow.
JMHO.
GLTA
I made a bonehead move yesterday and tried to flip my shares @.90.
Turned around today and bought double my previous holdings @1.01 LOL.
Oh well, at least I'm back on the wave and holding these long term. Got more in reserve to add one more time.
GLTA
Very bulish today. A close at or near HOD will set us up nicely for tomorrow.
GLTA
It's about time. With the volume today, something big may be comming AH or tommorow. Just a guess, and some wishfull thinking on my part. Still nice to see green once in a while.
AH trading, 300k share block @ $4.0537.
Nice add, as it worked out well for you. Good buying pressure helped us recover nicely today.
I missed the earlier low, in and out of meetings, work, jeesh..
JMHO, I would not be in a hurry to add to existing position until
I feel it's found a good support level. I've made that mistake before and it cost me.
BTW, next support level is 3.55, I'd rather not break it.
GLTA
Same here, very frustrating to see this kind of drop.
On the other hand, I like the potential of this company so I have dry powder reserved
just for this kind of scenario.
GLTA
Hmmm another 200k block. Is this company worth less now, than they were pre approval?
LOL
Nice 200k share buy @3.60. I hope short hedgies take this time to cover so we move up in the near future.
ARCA moved to 3.32 now.
Looking to add some more as I sell off my Depo holdings.
GLTA
350K block @5.19?
Anyone catch that 17k share buy @5.74 and the ask with 400 did not even move? LOL
Games
Agreed, if demand is high for their product big pharma will pay top price for licensing rights. Regardless, at this point in the game, it's all going to come down to product demand. I think big pharmas are in a wait and see mode allowing AVNR to "show their stuff" thus minimizing their risk.
JMHO
GLTA
Hey SmarTrader, I bet some of the folks jumping off the cliff, in AH trading yesterday feel pretty silly right about now. People invest in something they have no clue about and follow the heard in their decision making process. Regardless, we still have next week where XOMA will hopefully make some more details available during the conferences. Phase 2b should be out in about two months and then we will have our real results and hopefully a double from here.
GLTA
My thoughts exactly. This is a combination of sell the news, MM's taking out stops, newbs panic selling, and shorties taking advantage of weakness. I'm holding and decide on adding more tomorow based on trading action. Frustrating, but it's part of trading.
All of the above is JMHO
GLTA
Nice consolidation today and building some good support levels.
IMO, next major resistance will be around 7.49. I'll be happy if we close anywhere close to that resistance today.
Again, this is JMHO
GLTA
Shaking the tree and taking out all the stops,.... classic
GLTA today
Very large blocks being bought slicing through resistance. At this pace we go for 8's tommorow.
GLTA
It's a sure bet. My average buy is low 2's and I could not resist adding today with this news.
Related Quotes
Sym. Price Chg.
XOMA Trade
News 5.3 0
XOMA In Pact With French Pharma Co For Anti-Inflammatory Treatment
Jan 4, 2011 08:46:11 (ET)
DOW JONES NEWSWIRES
XOMA Ltd. (XOMA) reached a deal potentially valued at $505 million, plus royalties, with Les Laboratoires Servier, France's largest privately held pharmaceutical company, to develop and commercialize its lead drug candidate, an anti-inflammatory treatment targeted for several diseases.
Shares of XOMA recently were up 14% at $6.03 in recent premarket trading. The stock through Monday's close is down about 50% over the past 12 months.
The antibody discovery and development company in November announced "positive" results from a study of its XOMA 052 compound in treating Bechet's disease, which can prompt eye inflammation and lead to vision problems. It also is conducting trials for use in treating diabetes and cardiovascular diseases.
Under the agreement, XOMA will receive an upfront payment of about $35 million--including cash and a loan that comes due in 2016--with milestone payments of as much as $470 million and tiered royalties of up to the midteens on a percentage basis.
XOMA will keep rights for Bechet's and other inflammatory and oncology treatments in the U.S. and Japan, while Servier obtains rights outside those countries. Servier will fund the first $50 million of XOMA 052 development expenses and an additional 50% of expenses related to its Bechet's treatment, which has orphan drug status in the U.S. and European Union. The companies plan discussions this year with multiple regulators regarding further testing of its Bechet's treatment.
Servier also will fund development for diabetes and cardiovascular disease treatments in exchange for global rights. XOMA has the option to reacquire the commercialization and development rights for those products in the U.S. and Japan. If XOMA does not reacquire the rights, milestone payments could rise to as much as $800 million. XOMA expects to release data from two diabetes trials during the current quarter.
-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com
(END) Dow Jones Newswires
January 04, 2011 08:46 ET (13:46 GMT)
A few days ago we broke into the 7’s on pure speculation buying. Today we have confirmation of a secure and profitable future, therefore the 7’s should only be a bump in the road in reaching a true fair value.
Great day for XOMA and investors,
This is JMHO
GLTA
So far, it appears that the AM announcement may be concidered as potential positive news by investors. Given the trading action in AH many traders/investors are betting on positive news from the company.
And finaly, if Xoma had bad news for investors they could have simply unloaded on us after the market closed today.
All of the above is JMHO and a little wishfull thinking.
GLTA
Building a nice base here, and volume should take us back to the 6's in the next few days. JMHO
GLTA
Started buying back in @ $5 today, and I may add on any dips. Looks like it's ready to go north again.
GLTA
Merry X-mas folks. Santa came a day early this year. :)
Sawwweeeetttt 7ssssssssssssss
28 sitting @7.17, perhaps a clue?
WOW, just WOW, Might break 6 today, at this pace.
GLTA