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Non-Tech : OAKLEY- NYSE:OO
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To: Steven Angelil who wrote (698)7/1/1997 11:43:00 AM
From: Dr. Jeff   of 1383
 
OO is tanking today on virtually no volume! It dropped to 13 3/8 from 13 7/8 in 3 minutes with only 10,200 shares traded to get there. Market makers are not holding a single share it seems. This pattern is very unsettling. I now think many of the large blocks being purchased in recent weeks are more likely shorts covering. I mean come on, down 9/16 right now on 111,700 shares. That is absurd! Buyers have dried up in a big way. If real selling pressure comes in, well, you can figure it out!
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