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To: Chuzzlewit who wrote (36576)	4/3/1998 4:01:00 PM
From: Jim Patterson	Respond to of 176387

re: once again you are incorrect. OXHP fell not because investors got carried away. It fell because management was either lying to investors, or management had no idea what its real costs were. This was much more than an earnings disappointment. Paul, What were investors thinking from July 1996 to July 1997 when they drove the stock from 25 to 89 ? During the run up, 4 earnings reports were made. Surely Mgt could not get away with a lie for a year with out anyome catching on ? Paul, My point is that the stock was run up. When thing did not pan out, the stock got hit very hard. From june 1992 to then end of june 1997, the stock was run from 2.5 to 89. that is 3460% And you say it happened just because management lied ? Investors wanted to believe the Lies. That is much more important to the price action that the lies themselves. People drove the stock up. People drove it down. People are people and it is unlikely they will ever change in matters such as these. Last If investors has not gotten carries away and only driven the stock from 2.5 to 20, a mere 700% return over 5 years, would the gap have been as severe ? Jim