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

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To: Uncle Mikey who wrote (135)1/9/1997 3:21:00 PM
From: Penny Wise   of 619
 
I, too, purchased CLE recently. I am surprised that the price of CLE has not responded more strongly to the good news. The volume is quite high, but apparently, there is no shortage of sellers.

Perhaps there are some institutional investors that, based on a broad high-level decision or direction, are getting out of investments in clothing retailers.

I am expecting that once the sellers have dried up, that CLE will start to climb.
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