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Non-Tech : Claire's Stores (CLE) NYSE
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To: BYRON S DOHERTY who wrote (115)1/9/1997 8:48:00 AM
From: Joan Osland Graffius   of 619
 
Hi Byron, I have a hard time believeing someone will throw money on the open market unless the numbers are good. If he did that so the stock would go up and he could unload the whole boat then we will be holding the bag. Isn't capitalism wonderful!!!! I bought a position.... The company is on a high growth curve and I decided the risk/reward ratio was in my favor. My conservative caculation is the value of the stock if the numbers come in as expected is $17. This is just a simple YPEG (as defined by the Motley Fool) Time will tell.:-)

Joan
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