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


To: Thomas Haegin who wrote (478)12/10/1997 12:56:00 PM
From: Michael Burry  Read Replies (1) | Respond to of 2068
 
I agree. Insider buybacks, yes. Company buybacks no. They may need
the cash and they shouldn't take on debt to do it. Any way you slice
it, the financial condition of this company is now known to be
eons worse than we knew two days ago. People who knew this was coming
bought all those puts yesterday afternoon and were the ones that
drove the share price from nearly 24 to 20 in two days, as was
suggested by several on this thread.

Mike