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Non-Tech : OAKLEY- NYSE:OO

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To: Jeff Coombs who wrote (1323)	1/8/1999 1:52:00 PM
From: Trey Yon	Read Replies (1) of 1383

Jeff, I currently have no interest in OO I sold @$14, the stock "could" be a bargin here around $8 the chart seems to be basing in this area. I see the downside as a possible drop to the $5 level (I'm not saying this WILL happen, just to be prepared for the possibility) a few more thoughts: Sunglass Hut came out with decent comp sales today +5.6 percent as I've said before OO longs must pay attention to RAYS also BOL,is making some interesting moves as for why top line revs didn't fall to the bottom line, they can blame it on the shoes if they want. But, the simple fact is that expenses are out of control at OO, they like to live high on the hog. It's a corporate culture issue. "Frugality" is a foreign word around OO stocks at 52 week lows have a nasty habit of setting new lows, happy investing, trey

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