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Non-Tech : Claire's Stores (CLE) NYSE
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To: JOHN DEOGRACIAS who wrote (296)4/9/1997 9:59:00 AM
From: RJP   of 619
 
John,

I was refering to minor fluctuations in stock price movement. I've noticed it'll bump up a couple of points then go down 1 1/2 or so as individuals/institutions make a profit, but its making a nice comeback since bottoming out around the $11-12 range.

I wouldn't be surprised to see the March same-store numbers come in ahead of estimates because of Easter in March. In fact I believe this was somewhat alluded to in the previous quarter statements. Rowland Schaefer the Chairman and President said March and April figures should be considered one period to take this into account.

Short term I see the stock going back down into the $17 range mainly because of the quick rise to $19. Profits will be made on this short term jump in price. Eventually I see it slowly rising to the $20-25 range. Can't argue with strong fundamentals. So much depends on how the street views retail stocks in general. Long-term I have a very high opinion of.

IMHO

RJP
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