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Strategies & Market Trends : The picks
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To: giddy guru who wrote (4894)2/13/1997 11:39:00 AM
From: Steven Messina,L.M.T.   of 6124
 
Re: RAYS

Decent move on RAYS today. Up 1/2 ( 7.69% ) for the day thusfar.

BidxAsk = 6 7/8 x 7

Volume 315,000 shs

The optical sector, as a whole, has been tanking as of late. Apparently RAYS showed signs of 4Q weakness by not taking delivery from Oakley ( OO) . All three major sunglass companies have seen their stock slide since the spring of 1996. Sunglass Hut has seen its stock fall from a peak of almost 37 in March 1996.

Any bottom feeders out there?....from 37 to 7.....hmmmm......Kevin...any TA on this one?

Steve
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