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

To: Thomas Haegin who wrote (353)	12/6/1997 2:57:00 PM
From: Christopher White	Read Replies (1) \| Respond to of 2068

Thomas, A VUL can be single pay, limitied pay, etc. The "V" in VUL means variable which means the insurance company puts the money in its seperate accounts - money is invested in securities i.e. mutual funds of your choice. A straight Universal Life would be in bonds i.e. the general accounts. The key to an efficient VUL is having the life insurance portion be as small as possible without causing the policy to be considered by the IRS to be a MEC. Since a VUL is an insurance product, the dividends and capital gains on the mutual funds grow tax deferred just like an IRA, however, unlike an IRA you can get to the money at any time by simply taking a 0% policy loan against your cash value - for seniors this is a great advantage over an IRA since IRA distibutions as taxed as income but policy loans are not taxed at all. As for TA on OXHP, the equivolume says it is still a sell...3 vs 22-VAMA, 13 vs. 55-VAMA, and 100 day EOM are all bearish. On the Japanese candlestick chart however, Thursday and Friday's action formed a undeniable 'piercing pattern' which is a bottom reversal pattern. I saw lots of buying on Friday above 22 1/4 ( I was one of those buyers). Candlesticks are more timely than the equivolume MA's and I see Friday's action as a real change in sentiment on OXHP. I expect a gap up on the open on Monday. Christopher