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

To: Thomas Haegin who wrote (1689)	7/6/1998 2:02:00 PM
From: tom furr	Read Replies (1) \| Respond to of 2068

Thomas: This must explain the heavy volume and increase in price today. I feel this article is a very strong statement from the analyst which would not have been made unless they were confident of the source. Does anyone know which analyst made this statement and if so what did they say? None the less it is only a matter of time before this stock starts in climb back up the mountain. Tom

To: Thomas Haegin who wrote (1689)	7/6/1998 4:24:00 PM
From: Premier	Read Replies (1) \| Respond to of 2068

There is an interesting article in July 98 issue of AAII journal. The article states the reason as to why it is beneficial for convertible preferred owner to short the common stock. TPG holds $350m worth of preferred which is convertible at certain price based on market value during first quarter of 99. Now, TPG may short the common and keep the price low. The result will be that TPG can buy more shares for their 350m preferred. Eventually the stock will go up to the benefit of TPG. TPG, the cardiac surgeon, has no incentive to let this stock go up before the expiration of conversion time frame. The lesson I learnt from this is that, in a turn around situation, when new equity comes in the form of convertible preferred (or debt) I should not rush to jump on the long side. Premier