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

To: Kashish King who wrote (553)	12/14/1997 4:23:00 PM
From: nick cash	Read Replies (2) \| Respond to of 2068

actually, refusing to TAKE manageable losses and hence letting them become huge losses is the single most reliable way to LOSE money and to be a poor investor. the "glaring exceptions" are on the other side. living in denial and LETTING small losses turn into huge losses is what puts you in the position of tryig to decide whether to "take huge loss vs. hold and hope". of course, most stocks don't drop 68% in one day so oxhp is an unusual case and one where shareholders had no opportunity to get out with a "manageable loss". the reason i am commenting is that your comment is broad and not limited to oxhp and is very flawed. you said: <I would venture to say that refusing to sell at a loss is probably the single most reliable way to make money but it's easy to get spooked by some of the glaring exceptions to that rule, especially if you are betting on one horse.> btw, curious as to whether anyone has contacted oxhp to inquire as to their insurance coverage to cover fraud/shareholder suits. also wondering whether oxhp's auditors are being implicated as well. i don't have a position in oxhp but i'm starting to research it as it appears the other shoe has now dropped and most bad news should be factored into the share price at this time. saw ceo on cnbc and moneyline and agree with the other poster about his smug attitude. he is not the guy to go on tv to give shareholders some confidence in mgmt (he obviously didn't realize that was why he was going on tv in the first place). his tone said to me "no big deal and it's not my fault" contradicting some of his contrived and seemingly insincere comments about "the blame resting on him". in summary, i was more interested in taking a position in oxhp BEFORE i saw him than i am after. if i end up taking a position, i'll post my rationale. all imo only....nick