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Non-Tech : OAKLEY- NYSE:OO
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To: grasshopper who wrote (1077)9/25/1997 4:56:00 PM
From: Dr. Jeff   of 1383
 
More big shareholders bailed today. Two large blocks were sold at 10 3/4. One was 100,000 shares and the other was 250,000 shares. I don't know who got stuck with them, perhaps Jannard. I sure wouldn't want any at this price. I wonder if the rumors of death threat against him are true. Perhaps some of these firms resort to that stuff. It wouldn't surprise me in the least. The stock market is just a legitimized (although I question that vernacular) method to earn (steal) large amounts of money from the average investor, who loses money 71% of the time. That is why mutual funds have been so successful. The market is akin to the MAFIA! Best of luck with your gamblings and hopefully winnings! It all depends on how much pain you can endure and how long you hold on..........

PS- Technically, the picture is looking worse. It's possible those large blocks were SHORT SALES! It's actually pretty likely. Money flow is negative, the stochastics and all moving averages have been violated, indicating more downside left. I would bet that I am more than 75% correct. By the way, I tried to short Oakley at 11 this morning when it was at 11 1/16, and they wouldn't fill me. Just one more reason to believe that it will fall (Shorts are usually rejected or ignored when a stock is expected to fall furthur). Hey BRIAN, where are you?
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