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


To: Pancho Villa who wrote (923)2/9/1998 11:18:00 AM
From: Pancho Villa  Respond to of 2068
 
To All: Sold my OXHO position at 19 5/16 (stock trading at 191/2 as I write). Purely a trading move. reasons ( not in order of importance):

1. Feel this market is too unstable. IMO the recent gains provide an excellent opportunity for profit taking (I am in for selling high. This being said, the market will probably keep rising for the next two months.)

2. Market may have over reacted to MP purchase of 5+% of the shares.

3. IMO the bad news in this sector may keep coming for a while and market is short term oriented. (news on NYC doctors not been paid, more bad news on COL...)

4. As explained before, I jumped in without much homework, now I will hit the books.

Pancho