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Non-Tech : OAKLEY- NYSE:OO

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To: grasshopper who wrote (912)	8/9/1997 10:25:00 PM
From: Brian C. Lund	of 1383

Dear Grass, Part of your problem is that you are in a little high. we have some support in the 12 1/4 to 12 3/8 range, but as we have seen, the real support is in the high 11's. As to what to do, tough call. I feel that if OO moves up, it will do it in a big way. If it goes down, it will do it in bits and pieces. I think Friday was a very telling day. OO only came back 1/4 of a point, on a day that the market tanked and considering OO's past history of tanking after a pop, I would say the upside potential looks good. As always, who know. The Markert overall is rough, and OO is sitting right in the middle of support and resistance now. I got some options on Friday so I hope it goes up along with you. BCL

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