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Non-Tech : OAKLEY- NYSE:OO
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To: Brian C. Lund who wrote (1035)9/9/1997 3:03:00 PM
From: Steven Angelil   of 1383
 
I am talking fundamental value. The PSR for RAYS is considered "low" and the PSR for OO is considered very high. Obviously, I thought RAYS would have turned around by now. It hasn't. I sold my trading shares back at 8 1/4, when that support was broken. I still have some shares for LT hold because I didn't want to pay a huge commission to unload them and buy them back a little lower.

I did not own OO or RAYS when they were in the stratosphere. And, if RAYS ever returns there, I will definately sell. Basically, I am holding RAYS until the insiders start to sell. They have proven to be great market timers.

I think OO is overpriced and you obviously don't. That's what makes a horse race. That is all I have to say on the matter. This is getting old. Right now, neither one of these stocks is making us any money. It sucks. That's the life of traders/investors.

Steve
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