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Non-Tech : OAKLEY- NYSE:OO
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To: Steven Angelil who wrote (946)8/13/1997 3:31:00 PM
From: Dr. Jeff   of 1383
 
Obviously, the market is not at all thrilled with the idea of Oakley shoes. In fact, there was a 184,700 share block sold at 12 1/4. Yesterday there was a 100,000 share block sold at 12 3/8 and a 25,000 share block sold at 12 3/8. Perhaps NIKE has shares that they keep dumping on the market (LOL). Oakley doesn't have any real momentum up or down. Everytime it makes a move up, people sell into the strenth. Technically speaking, OO is almost always overbought or oversold, that is why it has basically traded sideways for the last 4 months. Where will it go from here? Any guesses? What news is it going to take to get it to move?
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