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Non-Tech : Claire's Stores (CLE) NYSE
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To: Will Cunningham who wrote (415)9/6/1997 4:46:00 AM
From: jason D.   of 619
 
Will-

NOW is a great time to buy CLE!! While CLE could drop below 20 if management missteps or the DOW crashes, it is statistically unlikely based upon 1) 20 is not only a support level in its own right, but now the 50MA is there further reinforcing this support 2) the stocks upward momentum 3) the coming of XMAS season and the possibility of a strong 4th quarter 4) the unanimous perception by Analysts, Value Line, etc that CLE is a strong company with very solid growth prospects.

CLE is the quintessential strong company with a very good chart. You can reasonably expect nice price appreciation over the next 4-6 mos until CLE's valuation becomes so high it reduces its appeal to new investors.

I am buying more Monday and expect nice gains by Feb98. I will sell early if the prospect of a weak XMAS alters near-term fundamentals or will sell early if the prospect of a strong XMAS pushes CLE to 27-28 by XMAS. Otherwise, I will sell on Feb 16th for 26 11/16.

Happy Investing!!

jason
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