Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Vijay Sonty who wrote (306)	12/4/1997 5:05:00 PM
From: Vijay Sonty	Respond to of 2068

**** Check tomorrows Open ********* After Hours Trading indicated to move OXHP higher.

To: Vijay Sonty who wrote (306)	12/4/1997 5:31:00 PM
From: Thomas Haegin	Read Replies (1) \| Respond to of 2068

Vijay, << Speculation Audit Findings better than anticipated.>> This is why the stock is DOWN today??? << OXHP is evaluating whether to continue in the Medicaid and Medicare HMO business.>> What do you base this conclusion on? Thomas

To: Vijay Sonty who wrote (306)	12/4/1997 5:32:00 PM
From: Thomas Haegin	Respond to of 2068

Is there a new date for release of Audit findings? Thomas

To: Vijay Sonty who wrote (306)	12/4/1997 5:36:00 PM
From: S. Bashakis	Respond to of 2068

And you know this, think this or hope this. Last hour of trading seemed to indicate something more significant than a no show.

To: Vijay Sonty who wrote (306)	12/4/1997 7:07:00 PM
From: Michael Burry	Respond to of 2068

<<Opinion is that medical reserves are higher than needed.>> My point exactly. Mike

To: Vijay Sonty who wrote (306)	12/4/1997 7:15:00 PM
From: TJP	Read Replies (1) \| Respond to of 2068

Did Stephen Wiggins not anticipate the effect his conference cancellation would have on an already ultra-sensitive beaten down stock? Did he choose to ignore the consequences? If he cancelled to avoid revealing potential bad news, news that he would be forced to disclose anyway, his behavior is inexcusable. OXHP shareholders are prepared to hear the worst; there are no quick remedies to the problems that have occurred. We all, in our hearts, hope for a quick takeover to stop the bleeding, or a positive audit , resulting in a spike up in the stock. Our better judgment tells us , however, to hold OXHP at least 12 to 18 months for signs of a turn around, which would give us the double we are looking for. Before that, there may be further erosion of share price. There are real people behind the ownership of OXHP shares. Stephen Wiggins has failed miserably in managing our company. Many investors are unforgiving, those who purchased in the 60's,70's and 80's. It was implicit, for those who purchased in the 20's, that management would never delay in disclosing bad news again. It is incomprehensible to me that Mr. Wiggins would cancel to avoid relaying negative news or potential negative news, when, it was clear that by not appearing, the stock would get hammered anyway. When was the last time your failure to keep an appointment cost the people closest to you over 180,000,000(market cap loss)? I don't get it! I just do not understand. There is one thing that I think I know,i.e., that the street and the late day sellers do not know anymore than we do. We shall see. Good Luck

To: Vijay Sonty who wrote (306)	12/5/1997 10:46:00 AM
From: Christopher White	Read Replies (1) \| Respond to of 2068

Vijay, Why would OXHP want to discontinue providing care for senior citizens covered by Medicare? People over age 65 use something like 80% of the medical services - if OXHP's billing is in order so they won't have problems with Reno & Co., these seniors are a huge market. These people are all covered by Medicare plan A & B (if they didn't opt out) and when combined with even the basic Medigap Policy have a large amount of coverage. Am I missing something? Christopher