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Biotech / Medical : Oxford Health Plan (OXHP)

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To: Terrapin who wrote (419)12/9/1997 7:56:00 PM
From: Michael Burry  Read Replies (1) of 2068
 
<<It is also my belief that almost all fast growing companies hit a major stumble at a
critical mass. This is no small mistake but is it a back-breaker?>>

Have you ever read the book Super Stocks by Ken Fisher? The whole
strategy is founded on this very principle. You might be interested.

Early, I outlined a scenario where the company could take a
$200 million hit and survive. This announcement is bad, and
I'm sure the market will hit it, although this news is already
reflected in the price. I agree with you. We
may see lower levels - a risk for the trader/short-term holder
only, and an opportunity for long-term holders.

Good Investing,
Mike
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