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Non-Tech : OAKLEY- NYSE:OO

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To: Dr. Jeff who wrote (901)	8/7/1997 10:31:00 PM
From: dave luken	of 1383

Jeff, which story is it, the one you posted today or the one below that you posted tuesday evening????? RAYS will probably report good results Thursday, and the market makers will likely gap up the open, profit takers will come in because they only bought on the anticipation of good results and the stock will probably drop. It's the classic buy on the rumor, sell on the news! It has been the pattern in the market lately. Stocks run up before earnings based on anticipation and momentum. The results come out and the stock usually drops regardless of the results, but quicker if it misses concensus estimates. Both stocks still have upside left in them, but it is slow in coming. OO has languished since earnings, no buying power is out there worth mentioning! TOPCOATS started shipping last Friday (Aug 1st), but OO didn't issue a press release, which surprises me somewhat. I am looking for a LONG re-entry into OO at 11 or 11 1/8. That is also a good price for any SHORTS to cover.....

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