SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : OAKLEY- NYSE:OO
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brian Malloy who wrote (452)5/23/1997 10:31:00 AM
From: Brian C. Lund   of 1383
 
Sure.......

I have been an opponent of buying Oakley since it started its massive
slid back in November. I haven't seen anything that shows me, technically
speaking, that there was a reason to buy.

But since it tested it's lows a second time, I have made a couple of
short term trades on it. OO seems to have a lot support around the 9.00
range (give or take a 1/4 point).

My statement means, that there might be a possibility of a lower risk, short
term trade as OO gets closer to 9.00. The conservative target for
selling would be around 10.00 (about 11%) the riskier would be to try for
11.00 to 12.38 (about 22% to 35%).

Stop would be a close of 8 5/8 (based on entry at 9.00). That would
be a downside risk of about 3% to 5%. This is an acceptable
risk/reward ratio to me.

Of course, none of this is guarenteed. The numbers are based on where
I have seen OO stop and reverse in the past. The stop of 8 5/8 is based
on the fact that OO has never been below the 8 1/2 level and if it did
there would be almost nothing to support it. The levels of 10 and 11 are when
it has slowed or stopped recently. 12.38 is what it would have to
break (with good volume) for me to believe that OO is on its way back
up.

If you look at a chart, 12.38 is where there is a huge gap. If it were
to fill that gap, it would be a signal that there is a fundamental
change going on in the stock and may be changing from a down trend
to an up trend.

BCL
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News