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Non-Tech : OAKLEY- NYSE:OO
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To: grasshopper who wrote (1066)9/20/1997 5:46:00 PM
From: Dr. Jeff   of 1383
 
MORE BAD NEWS!

Just to show you how desperate Oakley is, As was recently discussed, Jim Jannard said he "INTENDS" to buy another million shares on Sept. 15th. The press release--[(MORE HYPE, because CEO's rarely mention buying stock in their company unless there is pressure to do so based on a struggling company!)]--also stated that he had completed purchasing the other million shares that he previously said he "INTENDED" to purchase back in the beginning of the year. Here is the catch: He just finished purchasing them on Sept. 11th. In fact he bought 830,000 shares on Sept. 10th and 11th. That means he had only bought 170,000 shares of the "MILLION HE INTENDED TO PURCHASE BEFORE!" He had only bought enough shares to give him 50%. Now he is under pressure to buy more stock to try to salvage his company's reputation. I have also heard rumor's that Jannard has recieved death threats! I have changed my buy order to 8 3/8...............
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