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Non-Tech : pamc -- Ignore unavailable to you. Want to Upgrade?

To: Goodboy who wrote (435)	10/6/1999 12:32:00 PM
From: Steven M. Kaplan	Respond to of 570

In yesterday's press release announcing the UICI & HPS merger, they gave a lot of coverage to the fact that they own 10% of HealthAxis.com. Why do you think a company that is announcing a merger with another company would bother to mention the fact that they own a minority stake in another company that is not part of the merger deal being announced in the press release? Don't you think that this indicates that they will be promoting their HealthAxis.com connection on a widespread basis? Whay else would they put this "unrelated" statement in a press release to announce a merger: >>UICI believes it will be well-positioned to participate in the healthcare transaction, technology, insurance and network-provider marketplace through its ownership in HPS, Insurdata and other subsidiaries and business units at UICI and its investment interest in HealthAxis.com, Inc. The acquisition of HPS further enhances the strategy of participating end-to-end in the healthcare transaction and information industry and creates strong synergies among UICI's various operating units and companies. There are also major advantages created through utilizing HPS's managed care platform (NPPN) throughout the combined company and across a much broader reach of customers and claims. After the merger, UICI will own approximately 10 percent of HealthAxis.com, Inc., which is 72 percent owned by Provident American Corporation (Nasdaq: PAMC - news). HealthAxis.com is the Internet's leading fully transactional health insurance Website and a fully transactional, digital insurance agent. Through its interactive, user-friendly, one stop healthcare insurance Website, healthaxis.com, HealthAxis.com provides customers with access to and the ability to purchase a full range of flexible insurance products and services. HealthAxis.com also provides product and health information, instant price quotes, electronic application processing, online billing and claims status, policy and personal information changes and a customer hotline.<<

To: Goodboy who wrote (435)	10/6/1999 7:08:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 570

Well, the chart sucks. No one can argue with that. Looks like we're going to at least retest that $12 3/4 pretty darned soon. However, there's also the bright side of the picture. 1. More than 1/2 the volume today traded over $14 1/2. Including $14 1/2, 72% of the volume was there or above. 2. It really looked like someone capitulated today. Those sales at $14 1/4 were big. However, it traded 15,000 shares in the last 30 minutes and it didn't knock the stock down at all. In other words, there were buyers there. 3. In the last 7 days, it's traded 567,500 shares. 71% of those shares traded $15 or above. I hate how they did this on a huge market day, but pamc has never traded with the market. Maybe this was margin selling or maybe there's a seller out there that's "just not done". Or maybe the shorts have rediscovered it. All I know is it is the most manipulated stock I have ever seen. There were about 5 bids all day bigger than 100 shares, yet 106,000 shares traded. And most were at the bid. Go figure. Anyway, here's to brighter days. P.S. I'm putting in my bid in the pre market at $13. If they're going to run stops, I'm not going to pay up for it, that's for sure. Anyone care to join me?