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Non-Tech : OAKLEY- NYSE:OO

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To: carole bayer sager who wrote (2)	10/11/1996 1:13:00 PM
From: richard	of 1383

OAKLEY INC (OO) 18 7/8 +1/8. After yesterday's 17% plunge, company trying to erase fear about it disappointing in the 3rd qtr. This morning, the sunglass maker said that it would report 3rd qtr net of more than the $0.41 a share that the analysts' were expecting and that despite the poor performance of Sunglass Hut (RAYS 9 -3/16), in general, it is under the impression that sales of its products have remained robust. Also getting swept lower by Sunglass Hut warning was Gargoyles (GOYL), which is also recovering this morning (16 3/8 +5/8) after falling from $19 3/4 yesterday. Today's news form Oakley should give stock a larger percentage lift than is actually occurring. Hence, trading opportunity may be presenting itself. After stock's 2-for-1 split last night, stock up only 1.3% vs the 17% decline suffered yesterday. GOYL is a little less attractive play, as it recently went public and share price was maybe still fat from positive initial reception. Posted this morning , Ms. Sager if you don't already subscribe to briefing.com it's a great source of information to the individual investor and a real bargain at $70. a year you will make that back on one trade reccommendation from them and very helpful if you have any question. Great Luck richard

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