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Nothing on this thread can be "USED AGAINST ME" or anyone else for that matter. All I am doing is pointing out the poor history of this company over the last year or so. They have not been honest in their dealings with stockholders, and many big holders are dumping the stock lately at levels most likely lower than they purchased at. Today another large block was sold at 10 3/4 (102,100 shares) Also 17,500 was sold at the same price. It's comical that Jannard's press release about buying another million shares was worded verbatim to the last press release at the beginning of the year when he bought the last million. He feels that Oakley is "SUBSTANTIALLY UNDERVALUED" at current levels. It just makes me laugh. I guess when he sold the 9 million shares in Aug '96 he felt Oakley was substantially OVERvalued. Frankly, until their bottom line is improved, it is still overvalued and the market is clearly taking that into consideration considering the continuing slide down. Will the stock turn around? Yes, but not anytime soon! The only thing that would make it fly quickly would be a buyout by NIKE or something. There are so many other great stocks to invest or trade, why waste you time with Oakley when it still hasn't stabilized. If 3rd quarter earnings are good, that might be good for a little pop, but there are many holders waiting for that pop (or any pop for that matter) to sell, so it will just fall again. Brian, did you cut your loss after studying the chart or are you really thinking LONG TERM? LONG TERM, the stock may see 15 next summer. As always time will tell, and everyone must make their OWN DECISIONS!!!!!!!!!! Best of luck........... |
