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

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To: Archie Bunker who wrote (74)12/27/1996 3:49:00 PM
From: Paul Moerman   of 619
 
Understand your frustration (have read your previous posts on CLE).

Technically, it doesn't look to me that $8.00 is the logical conclusion to this cycle. The $10 area should provide lots of support, and only if that fails does $8.00 look like a possibility to me. It's close yesterday above 11.50 was encouraging, but today has been a dogfight. Hope it can close at or above 11.50 again, which would indicate the formation of a new base.

Hope you haven't taken all your losses on CLE, since you know better than I that it can turn quickly and start running back up toward 15-20!

keeping my fingers crossed,
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