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Biotech / Medical : Oxford Health Plan (OXHP) -- Ignore unavailable to you. Want to Upgrade?

To: Naggrachi who wrote (250)	11/23/1997 3:51:00 PM
From: men mailman	Read Replies (1) \| Respond to of 2068

Just pointing to a few technical facts a) 99% of shareholders selling at these levels are losing money and BIG MONEY b) Short interest for Nov. will be released this week, which will give an indication as to the movement of the shorts if indeed they shorted further at these levels, or they ran for cover. c) As of Feb 12./97 three entities held 20 mil. shares of 79mm outstanding. Their filing this year points to their buying at higher than current levels much higher, so if they were the ones unloading, at least they took a huge unnecassary hit, as they panicked. The 3 are FMR ( the usual unwinder at any price),Denver investment, Provident investment. There may have been one or several other major shareholders. d) Friday's option expiration had a great amount of 22.5 nov calls which were probably excercized and will force shares to be bought and if not will cause an increase in short interest. As to the 25 puts, probably the people getting these shares put to them will hold on. e) I still wonder were all these shares (3mm, 2mm, 6mm, 5mm,) per day are coming from. Although there are people panicking and selling, out of 79mm shares, I would assume that there is a great percentage as myself who are quite bullish at these levels and are not panicking at all, PLUS there are many buyers at these levels and above. Even if 1/2 panicked we have long ago traded that volume over and over again. It may be just some stock rolling by marketmakers to give an impression of increased volume at these levels to shake out the last. It is therefore That I have to expect an upwards movement very soon and as more buying comes in we can see big leaps upwards IMHO