Claire's Stores (CLE) NYSE Message Board

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

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To: Joan Sherman who wrote (66)	12/24/1996 5:07:00 AM
From: Archie Bunker	of 619

Can you believe this, I would like to know the name of the individual? When the CEO and his wife sold about 900,000 shares on or about Nov 7, the stock was at 22.50 the stock closed today at 11.625 I would say his selling has had a major impact on the price. Now another insider is selling after the stock tanked and Tony can't understand why we have the Jitters. If the Claire's team is so sure of a recovery why is someone pulling the plug? Why is the CEO letting someone sell when he's trying to buy back a million shares? I think they have hit the wall! They have 1500 stores most of them in the USA, how many malls do you think there are left? The Icing Store the analyst wrote about, have the same merchandise as Claire's, this is suppose to be innovative. Now they have 3 Stores in the same mall selling the same merchandise stealing each others business. Great concept! My opinion: the CEO has 8 million shares, the market makers are sending him a wake up call. You want your $88 million in equity back, makes some changes and make them fast! We don't believe you anymore! Peace On Earth!

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