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Non-Tech : OAKLEY- NYSE:OO

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To: Brian C. Lund who wrote (937)	8/12/1997 11:24:00 PM
From: Dr. Jeff	of 1383

Most likely your'e right Brian. It's looking like a much needed correction so far. I guess I got caught up in all the negative press I have been reading, and all the other crap I have been hearing......There is still plenty of money to be made regardless. Regarding OO today, it was holding 12 9/16 when a 100,000 share block was sold for 12 3/8 followed by another 25,000 share block sold at the same price. As usual, some panic set in and it weakened to 12 3/16 before recovering slightly to 12 5/16. I expect more weakness tomorrow, possibly breaking 12. Next support level is 11 3/8 to 11 5/8, so hang tough grasshopper(This could be like what you went through with Netscape recently)! You might consider a stop loss also. It seems that Oakley opens on a downtick 7 of every 8 sessions. The last few days show you how strong the resistance really is, and the pressure seems to keep increasing the more it falls (A common stock market paradox). Best of luck, Jeff

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