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Non-Tech : OAKLEY- NYSE:OO

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To: Christian Braboretz who wrote (783)7/16/1997 2:59:00 PM
From: Brian C. Lund   of 1383
 
Well, right now, resistance is at 14.00 to 14.25. It hasn't been able to
break that yet, and it is the bottom of that big gap down. Support is still
12 3/8 to 12 5/8.
I did a little of gambling today and bought 8 July 15 calls today. Yes it
is a lottery ticket, but to control 800 shares for only $100.00 (plus
commissions), isn't too bad. If I get a lucky pop and can get 1/2 point before
Friday's expiration, that won't be that bad. I wouldn't recommend this
technique to anyone though.

BCL
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