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

To: Stephen M. DeMoss who wrote (651)	12/23/1997 10:19:00 PM
From: Gary Burton	Read Replies (2) \| Respond to of 2068

Hi Steve-yes I'm the same one as per APLX (i see that one's going down again--RMDY really collapsed today)---re OXFD---I must confess I just love loading up on tax loss bounce candidates at year end. And i did with Oxford like many others just itching for the tax selling to peter out. So I bought 1000 at 15.06 last week but changed my mind--after reading the Bear Stearns comments-- and sold it back at 15.06 last Fri so I lost the commission costs. Risks here simply too high since balance sheet is very stretched and can't afford any more material writedowns. It's frankly a shot in the dark at this point and I have little confidence in Wiggins types being the right ones for the job. So, I simply moved on to other altrernatives--of which there are many. It wouldn't surprise me that the overall market stalls out here and aborts the Jan rally (too many eps worries) and my sixth sense is that the riders on this one are mostly very short term flippers who are all hoping to sell it back at 18-20 before the next shoe falls. I mean, it's on everyone's wish lis for tax bounce candidtates--which of course makes me suspiciious that it will cross up. The best ones are those that everyone hasn't already loaded up on waiting for the first week of Jan--flip a coin on this one imo.regards