It is snowing here on the east coast, of course the weather models were on both sides of the extreme, either not much or much. Looks like we are coming in right in the middle with 5-10 inches forecast...
So I'm sorry I missed out on XOMA this past week, I was informed when it was still in the high-3s but that was after a 60% run-up and no real news... XOMA is another biotech, not optionable so I didn't have a chance nor make the time to look into this one. It is looking at the EU for an orphan status on a diabetic drug and had good phase 1 results, this wasn't recent so either people are trying to own before this happens, especially given the ITMN EU success. Don't know anything about this, valuation, market potential etc... it is wav overbought on the technicals but recommend taking a closer look for yourselves!
As we close out this year if your trading has beens successful please consider an end-of-year donation to a charity of your choice... I recomment St Judes Hospital or Compassion International but anyone will do.
Back to desert... Merry Christmas!
Happy Trading...
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