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Non-Tech : OAKLEY- NYSE:OO

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To: Ron McKinnon who wrote (77)	12/21/1996 11:23:00 AM
From: C.N.S.	of 1383

I went to a Sunglass Hut store in a mall at NJ and again they mentioned that Oakley's are "one of their best movers". And yet, OO has gone down more than 50% since I bought it. I can understand about tax-selling, but your mention of OO being a favorite short play (to 8) is difficult to understand (and worrisome). Where did you read it ? Even if doesn't come close to meeting it's earnings of $0.16 this quarter, at least it has earnings. Most stocks less than $10 don't even have any earnings. Also, I initially thought that it was market manipulation that pushed it to 10 and below on triple-witching Friday on no news ? Do you think MM is possible on NYSE stock ? About OO being a screaming buy, I think it already is. Between now and summer, it should return approx. 50%. I only wish I had some buying power left to average down. Shivu

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