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

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To: Gus Yeung who wrote (22)11/4/1996 12:15:00 AM
From: Paul Bowman   of 619
 
<< CLE with plenty of CASH,
no debt and 4-5 winning quarter, why would the stock drop
~40% from the top? >>

Last week I heard cnbc quote from I think Goldman Sachs that the women's apparel retail sector was on the whole at a top. They expected the entire group of stocks to move downward. If this reflects the thinking of WS in general it could account for the downward pressure on the stock. I'm long on CLE, hoping that a good quarterly report reverses the trend. But it may take more months of continued strong numbers to get this stock noticed against the sector overall.
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