Claire's Stores (CLE) NYSE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sailor who wrote (431)	9/20/1997 3:59:00 AM
From: Brad Bolen	of 619

Sailor, Maybe you have been at sea too long. ;-) Let's see... using approximate numbers (since I'm too tired or lazy to look up the precise daily quotes) from the chart Telscan so nicely provides me: Working backwards: split adjusted: 1996: from mid 20's down to 11 1995: 10-11 down to 8+ 1994: about 6 in late Aug down to 5 or so 1993: from about 7 up to 8ish 1992: 4 up to about 5 1991: 5ish down to 3 1990: 7ish down to about 5 1989: about even 1988: up a but, but discounting the last week of the year its down. Now that doesn't add up to a whopping seasonal return if you ask me. The "revelation" that should be evident is that there is a pretty strong seasonal effect. You would have done MUCH better buying Jan. 1st and selling in Summer. Hindsight--maybe, but definitely outside what one might consider a standard deviation or two. My feeling is that people tend to worry about that last quarter earnings coming up short--just as some have been worrying around here lately--and so they take profits and sell. Then, they see the stellar earnings after Christmas and then they jump back in after the new year. Just a thought.... B> .

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next