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Non-Tech : OAKLEY- NYSE:OO

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To: grogger who wrote (48)	12/5/1996 11:20:00 PM
From: Howard A. Morin	of 1383

Rob and all, I got in on Tues at 15 1/4 and I was shock ed to see the prices today. We all know Oakley will bounce back. It was at 27 and change this year and I think things look good for the future. Check indider holding and see that Michael Jordan is 4th largest with 73,000 shares. I do not think he is selling so fast. As far as I know there was only one downgrade today and the 4 qtr is probably figured in at these price levels. I will wait and see what happens over the next few days. I might get in to lower my costs basis. I live in south Florida and Oakley is the rage as far as sun-glasses go and the dominate the local market in outdoor sports goggles(Jet Ski). I have faith in Oakley, but maybe their management needs to take a longer look at things. Motley Fool had some analysis on the situation tonight. It sems that OO has an inventory turnover problem and IMHO they should try to diversfy in the people who retail their product so they don't get clobbered just because Sunglass Hut does not perform. Howard p.s go IOM, KLAC, and yeah OO

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