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Non-Tech : Claire's Stores (CLE) NYSE

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To: John Miz who wrote ()10/12/1996 4:11:00 PM
From: Steven Alter   of 619
 
John,

I have, very happily, owned this stock (CLE) for the last 2 years.

I can't figure out why, since the split, despite the increase in sales and net, the stock keeps falling. Yesterday it hit an intraday low of $18!!!Volume yesterday was 1.1 million shares.

Can you surmise what is causing the price movement, as of late, aside from profit taking after a great year?

Look forward to hearing your reponse!

Steven
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