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Non-Tech : Claire's Stores (CLE) NYSE
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To: scott who wrote (52)12/12/1996 9:37:00 AM
From: Archie Bunker   of 619
 
They ran an ad in the tuedays, Asian Wall Street Journal stating they did not have a clue about what was happening with the stock price. Did one run in the US? I think the market is acting this way because the chairman dumped 900,000 shares at 22.50. Then when the stock drops he cannot explain why, and is saying it is unknown forces. Hello, if he thought it was going higher and everything is great why did he sell into the biggest bull market in history. You don't need an MBA to explain why we are all shaking in our boots over this move. What the market should know, the Chairman is 80 years old. Chances are he's not firing on all cylinders and his actions should be discounted. I think they are a buy in spite of the Chairman's Actions. Lock and load and hold on tight.
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