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

To: LPasko who wrote (541)	12/14/1997 12:41:00 AM
From: Louis Cristiano	Read Replies (1) \| Respond to of 2068

To all you panicky oxhp investors: Let me share some thoughts with each of you. To begin with, approximately one year ago I purchased shares of Best Buy (BBY) at 9 1/8. At that same time I also became acquainted with the SI website. And so I followed the comments by disgruntled shareholders who had purchased the stock at higher levels. Everyone was angry as hell at the decline in the stock price. Opinions had the company heading for bankruptcy. Sad to say I was influenced by what I was reading and sold out with a small loss. As of friday's close, one year later, BBY is selling above 40. If you're still with me, I'd like to relate another experience regarding AT&T. On January 2 of this year (1997) I purchased shares of AT&T (T) at 41 1/4. It promptly proceeded to go down to 30 3/4 withing a few months. Practically every comment on the SI thread was bearish on T including myself. Who could blame us? I waited for a bounce and got out at 43 3/16. Today, less than a year from my entry point T is selling at 58. The lesson from my perspective is, "DON'T BELIEVE ANYTHING YOU READ OR HEAR AND ONLY HALF OF WHAT YOU SEE". As far as OXHP is concerned, let me share my personal experience regarding health care insurers, having worked in the industry. There is a sea of paper work and constant changes going on all the time so as to make it virtually impossible to stay on top of what's going on. Everything that I've read so far on OXHP sounds like the normal typical everyday situation in the industry. I don't have a crystal ball and I don't know what will happen to OXHP, but I can say with a fair amount of confidence that at these low prices the risk of losing out is greater by selling than by holding. The healthcare insurers are not going out of business.