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

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To: BYRON S DOHERTY who wrote (101)1/8/1997 8:07:00 AM
From: Archie Bunker   of 619
 
It will be interesting to see what they are, however it looks like only the people who are buried in the stock are interested. The market took them down again yesterday from 13 3/4, what do they know we don't? I think when the COO exercised his option in Dec it sent shivers down the spines of a few market makers. Why would you exercise an in the money option when you know the market is going higher. You have to lay out cash and pay taxes when you excercise the options.
Did you ask the Canary if they bought all the 1 mil shares back yet?
When the stock was 11 they had a great opportunity to put their money to the test? Like we did! I would be interested to know if they did? I have to tell you I am nervous since most stores are reporting a slow Christmas Flat sales could tank this stock even with good earnings for the year. Sales fell off the back half and it looks like
a trend for them...

Until Thursday, Gentlemen lay your bets down!
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