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Non-Tech : OAKLEY- NYSE:OO

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To: grasshopper who wrote (1048)9/15/1997 11:14:00 PM
From: giles   of 1383
 
Grasshopper,

You should do well with OO. It has minimal downside risk with good upside appreciation potential over the next 18 months. The trick for the company of course is to transform the potential. Shoes and accessories may do it, especially if they worked on this project for the 7 years they said.

I like the news that they are also going to work on the prescription market where there is huge potential IMO. RAYS should help. Somehow they must get production going. I can't believe they are so weak in this department. Also, I've lost a bit of confidence in MGMT's statements as they made a quick 180 degree reversal on earnings in nothing flat.

Few give Jannard credit for buying his 3rd million shares this year, but I think he was smart to sell 9 million shares at over 20 and buy back at half the price. He wouldn't buy more shares when he already controls the company with over 50% unless he felt positive about the next year. So you should do well. I hope so.

Many traders like the excitement of buy buy sell buy sell. I believe that one can do just as well identifying a long term (6 mo to 1 year) stock which appreciates 50% and plunking down a large percentage of one's investment $$$. If Jeff can do this in 1 month and most months, more power to him. I'd love to be able to do this. I think we all would.
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