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Non-Tech : OAKLEY- NYSE:OO
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To: David Naggar who wrote (815)7/17/1997 11:12:00 PM
From: giles   of 1383
 
Tx for the report on the conference call. Very informative posts. I would have called if I had had the #. (I listened to ASND's report earlier in the week and it was tedious b/c of the thick accent of the CEO and the unending repetition of the same #'s, but I would have listened carefully to this one.)

I wonder why OO can't ramp up production on the X-metals since they're in big demand w/ much higher profit margins and they've been producing them for a while.

I also wonder about the company they bought this past QTR. Was there any mention of it? Why they bought it? How they paid for it?

Things are getting better at OO. No one could dispute Maria's observation that .13 is better than less than .01. I think the turnaround is clear and convincing, at least to me. Over the next year I think the stock price will follow increased earnings. That's the way it works of course. Unfortunately, I'd like to know what will happen tomorrow and for the next 2 weeks, and I don't have a clue about the very short term.

I expect Rays July sales report in August to show more improvement and that report date will be the LATEST date for the next upward push/movement in RAYS and OO, IMHO. I just hope they'll be upward movement sooner in anticipation of the certain continued turnaround/improvements at OO and the stock price at the time of the report is well above current support which we non TA OO holders know is 12 3/8, thanks to Brian.

Right now, I'm holding my breath that it holds and the 14 resistance level soon is the new support level.

( BTW, need I say that I wish I had sold b/f earnings to rebuy now.)
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