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Non-Tech : OAKLEY- NYSE:OO

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To: Sonki who wrote (526)6/4/1997 11:03:00 PM
From: Brian C. Lund   of 1383
 
We are certainly at the wall, the question, will we break through.

Closed above 12.38, but actually, the bid is on 12.38, not quite the break I am looking for, but definitely not a bad sign.

If we are to go higher, we could possibly get a gap up tommorow or at some point, up to the bottom of the gap. AND, if we do go higher, the wall at 12.38 should become the support at 12.38.

By the way, technically, we are just below the 200 MA and just below
breaking through the last long term down trendline (from its high, to the first gap down). If that goes down, we have a lot of upside.
Still holding the Nov 7.5 calls, and may possibly buy actual stock now.

BCL
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