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Non-Tech : OAKLEY- NYSE:OO

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To: Russ Cinkle who wrote (700)	7/1/1997 10:02:00 PM
From: Dr. Jeff	of 1383

I wouldn't call "OAKLEY BACK IN FAVOR ON WALL ST." just yet Russ. I think things are looking up lately, especially the stock price, but the moment of truth is yet to come. I have said it before, and I'll say it again; great earnings for the quarter just ended are absolutely critical for this recent uptrend to continue. If they don't deliver, look out below! I am resonably optimistic, and so is some recent "BIG MONEY" that has been coming into OO. However, I wouldn't call yesterday's buying at the close a "buying frenzy." The market makers knew the large orders were sitting there and waited until he accumulated enough shares at lower prices to make the fills of the large orders at higher prices. We don't know who was buying the shares. After today's action, I don't think the Barron's article had any impact at all. The Barron's impact occured before it was available for our eyes to see. In other words, the people that know about these articles before they come out get in well before it goes to print. Remember, in the article he said the price was around 12. That indicates to me that the article was obviously writen before the nice recent runup. The saga continues..................

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