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

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To: JOHN DEOGRACIAS who wrote (301)4/15/1997 9:29:00 AM
From: RJP   of 619
 
John,

I believe CLE was down mainly due to traders taking a quick profit on short-term trading. The stock price may go down another point or two, but in the long run I have a lot of a faith it will continue it's upward climb.

The market doesn't need much incentive these days to drive a stock's price down. The whole market is concerned with inflationary pressures. Even companies that post earnings well ahead of what was expected have gone down in price. Go figure.

IMHO

RJP
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