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Non-Tech : OAKLEY- NYSE:OO

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To: grogger who wrote (51)	12/10/1996 4:10:00 AM
From: Howard A. Morin	of 1383

Rob, I ran a project last year in the Oakley price trends compared to the nations weather. You may laugh, but on a purchase in Jan 1(bad weather no sun; demand for sun glasses low= cheap stock price) you would have made money selling during the summer. Check it for yourself. OO on 1/07/96 at 33 and on 5/24/96 54 1/4. I believe the company is in good financial position and the p/e dictates it is undervalued. We might not make bucks for a while, but when the market corrects, we will not be holding the short end of the stick. My theory is basic common sense. Buy when no one else is and sell when everyone wants in. It worked with KLAC and IOM. Howard

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