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Biotech / Medical : Oxford Health Plan (OXHP)

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To: men mailman who wrote (374)	12/8/1997 6:39:00 PM
From: Michael Burry	Read Replies (1) of 2068

SmartMoney Interactive put out this headline today during trading hours: FORGET OXFORD HEALTHCARE, TRY BIOCHEM PHARMA The story isn't even about Oxford in the slightest - just how one manager is turning his back entirely on HMO's because of Oxford's disappointment. A good contrarian sign. Note that in the latest Barron's which starts with the teaser, "Ever wonder what makes institutions pull billions from stocks?," the top two of three issues are earnings disappointments and analyst downgrades/upgrades. Looks like Wall Street is just turning its back here. Volumes are getting inflated by traders and the fact it is the Nasdaq, creating the false appearance that big institutions are still around. In it for the long haul, Mike

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