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Non-Tech : OAKLEY- NYSE:OO

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To: Kris who wrote (1264)	6/15/1998 11:01:00 PM
From: Trey Yon	Read Replies (1) of 1383

Kris, I haven't been very good at make predictions on the share price of Oakley. I will tell you that I sold 1/3rd of my stake today @$13-15/16 after learning that Mr. Jannard had sold over 500,000 shares in May at $12-13. Short term I DON't like the Ragged look of the overall market and haven't for weeks. Strength in the retail sector and news of shoes & JJ's 3 mill share is what's been keeping OO up. I also don't like the short term double top that's formed at $14 on the OO chart, which goes right back to last year's top. In about three weeks we'll get the data on RAYS June comp. sales, if it's another double digit gain maybe we see another rally. BTW RAYS was up 3/8's bucking the trend. Longer term I don't like the "look" of the shoes & have concluded that they won't be meaningful to the bottom line for many quarters. I also don't think MJ's retirement is a + for OO Also the 4 mill share short interest persists, when it could have been covered in single digits. As for Q-2 earnings, they released on July 17 last year. Call Renee

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