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

To: Tony van Werkhooven who wrote (1638)	5/22/1998 3:37:00 PM
From: George Elliott	Read Replies (1) \| Respond to of 2068

Another thought: When money in general comes back to the service industry of healthcare, the HMO's will be lifted in general. Money in this subsector of the health industry has recently been going to the likes of Pacificare, United Health, maybe even the Health South type organizations. The manager of Vanguard Health Fund has a position in OXHP. Don't know how much, or even recent movements there, but he said it's something you have to own if you want to be a part of the HMO industry. Hang tough!

To: Tony van Werkhooven who wrote (1638)	5/23/1998 2:28:00 AM
From: Dennis J.	Respond to of 2068

Technicals are improving! I looked over the technicals, and most are still improving. The point and figure chart shows a bullish formation in a correction mode, or shakeout mode, with higher highs and higher lows. Volume in this correction is well below average, and with the HMO and almost all other sectors correcting, OXHP seems to be resting, consolidating, whatever. Money flow is flat; weekly stochastics still look like they want to increase. With the financing complete, there are no doubt some sellers taking a profitable trade. Managements forthcoming discussion of business plans will likely bring forth a new round of buying, but only when sector and market strength reappears. I expect a test of the February highs in the next few months, along with a better market environment, and am comfortable owning the ITM Nov calls. OXHP seems to be a great hold for now, and one could add to positions down here. I really didn't expect a return to the low 17's, but it is still above the bullish support line. Hope this helps. Dennis Johnson