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

To: Jeff Mills who wrote (320)	12/4/1997 11:14:00 PM
From: LoLoLoLita	Respond to of 2068

The Price-to-Sales ratio is low, but so is the profit margin, ROE, and ROA, and that's not new. The thing that propelled this stock up was the steady growth (no losing quarter ever, till now), and the perception that management could do no wrong. This company saw explosive share price growth because people thought that history would keep repeating itself. This belief was so strong that most holders ignored the bad news about billing problems that circulated last July-August (I have an S&P Report from 8/97 that called the problems "widely publicized"--yet we have all these crybaby class action lawsuits from people who I guess can't read!) It's bad PR that the company hasn't put out anything about the groundlessness of the lawsuits. ASND took about 23 hours to respond to their crybabies: biz.yahoo.com And it sure does look bad that we broke through support today by a full point on high volume. Let's hope that Wiggins didn't go to Robbie Stephens because he had to go to DC to work out a takeover deal. Otherwise, we're going to be in for a long-term holding to see profits. Cheers, David (long OXHP, COMS, ASND, VLSI, LSI, and some dish drivers I don't want to mention. in other words, a bottom feeder)