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Non-Tech : OAKLEY- NYSE:OO

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To: Brian C. Lund who wrote (771)7/14/1997 4:27:00 PM
From: Dr. Jeff   of 1383
 
Brian, I agree with your T/A, but you are incorrect about OO dipping to 11 1/2 on friday. It never was below 12 3/8 on friday. It opened there and went up all day! The last time OO was below 12 was June 19th, just a few days before it's first run at 14. Today it made another run(it's 6th,tomorrow will be "lucky 7") at 14 again to meet with some profit taking, but the longs are getting stronger because it only backed off to close at 13 3/4. Tomorrow I expect some more profit taking in the morning bringing it down to maybe 13 3/8 before making a strong run to 14 1/2 in the afternoon. We are in a new support level here. The stochastics are looking good. Please share any info from the seminar that you see fit. Regards, Jeff...
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