Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bearshark who wrote (7639)	10/27/1997 11:55:00 AM
From: bearshark	Read Replies (2) of 94695

The story today is in the NASDAQ (down 58) although the DJI at this moment is down 170. I heard a report on CNBC that brought back old memories. Oxford Health Plans (OXHP) has lost over 50% of its value this morning. It is down about 39 points today to about 29. Prior to its announcement of an earnings and revenue disappointment this morning, a major brokerage firm had been recommending it as a buy. Since I started writing this note, the DJI came back to 127 and the NASDAQ is back to 53. The NASDAQ is taking more damage than the DJI. The tick has been nearly as negative as it can get--minus 1000 plus at the opening, minus 1600 plus at its worst, and never better than minus 550 plus.

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