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Non-Tech : OAKLEY- NYSE:OO

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To: Dr. Jeff who wrote (1080)	9/26/1997 9:49:00 AM
From: grasshopper	of 1383

What's up Doc? Thanks for the URL!! I really appreciate & respect your information. I aggree about the downward pressure, that is why I have already sold 120 contracts for NOVEMBER 12 1/2 calls. I have made five figures on this stock this year. I bought back in within 30 days, and thus can not claim a loss against my winnings on OO due to the wash rule. Therefore, I will not sell at a loss. I have sold covered calls TWICE to bring my entry point price down to 11 5/8 from 12 5/8. If I get called out, great, I make money. If I don't get called out, I still make money by writing new calls until the stock starts to move up again. I can wait 8 months or more if I have to. Where is Brian????? Is he a closet long? Embarrassed to speak? grasshopper

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