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Non-Tech : OAKLEY- NYSE:OO
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To: E. Graphs who wrote (408)5/5/1997 2:15:00 AM
From: David Naggar   of 1383
 
Regarding your chart work, factor in the market's behavior regarding the following: Not only is OO dependent on Rays for 1/3 of its business, OO accounts for about 25% of RAYS' business. I believe this is the reason why OO rose rapidly after RAYS announced what the street felt to be good comps on April 10 (for March). OO's rise was in anticipation of better than expected OO quarterly results. When this didn't materialize on April 17, OO began its trek downward again.
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