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Non-Tech : OAKLEY- NYSE:OO

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To: Dr. Jeff who wrote (740)7/7/1997 6:39:00 PM
From: Brian C. Lund   of 1383
 
Dear Dr. Jeff,
Why was today's action so odd to you. 12 3/8 to 12 5/8 is the obviouse
support for OO. It did just what it should have. Was off at open went down
then recovered at end. Opening trading is always the "public" making decisions
based on what they decided over the weekend. The smart money is always
the close. They let the weak longs wash out, then came in and bought.
It's really textbook!

BCL
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