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To: grogger who wrote (37)	11/26/1996 1:27:00 AM
From: David Naggar	of 1383

Mid January. Assuming earnings look like they'll come in at .16-.17, (no negative pre-earnings announcements) there should be nice sigh of relief bump in the stock price. If earnings are good, and there still isn't a bump, I will conclude that there has been a general reevaluaton of the expected P/E's in the sunglass/optics market by the institutional players. David

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