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Non-Tech : OAKLEY- NYSE:OO

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To: dave luken who wrote (861)	7/25/1997 12:45:00 PM
From: Dr. Jeff	of 1383

Dave, I'm not Brian, though I have a great deal of respect for his knowledge and enjoy his posts. I do however have a question that Brian would probably ask; WHY DID YOU BUY IN APRIL, if you did not expect them to do much in the first 2 quarters(WHICH YOU WERE CORRECT about!)?????? What did you use to determine your personal estimate of OO earning 19 cents for Q3? I think that many will anticipate it going into the reporting period maybe getting it to 15, but the smart money will come out prior to the announcement based on their lousy performance thusfar! Since you didn't trade at all, you might be at break-even right now with OO if your'e lucky. You could have done something else with you money and probably earned 15-20% in other investments instead of parking it in this dog! I have made 24% on the money I have used to play OO because I trade, not hold. Buffet's "BUY AND HOLD" works fine if you have the time to sit on an investment forever, but I like to make money on a daily basis, and for the most part I DO JUST THAT! Regards.......... OO TRADING SIDEWAYS.......

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