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Non-Tech : Claire's Stores (CLE) NYSE -- Ignore unavailable to you. Want to Upgrade?

To: Al Morford who wrote (450)	12/3/1997 7:25:00 AM
From: Archie Bunker	Read Replies (1) \| Respond to of 619

This is the time of year the CEO sell stock. Last year he sold 900,000 shares between him and his wife the stock then drifted to $11.00 if that is the case, time to short this and get it back cheap/ By the way retail sales in general are way off and falling daily.

To: Al Morford who wrote (450)	12/3/1997 8:48:00 AM
From: Roader	Respond to of 619

Expect same store sales up 1 to 2% and total sales in the 14-16% range. CEO selling approx 265,000 shares to buy a house. He still holds 3M shares. I'm planning on buying the feb 20 calls if the stock falls today. Roader

To: Al Morford who wrote (450)	12/3/1997 3:16:00 PM
From: Chris Nevil	Read Replies (1) \| Respond to of 619

Your comment about Bear Stearns surprised me and I checked with the company. They did not downgrade Claires; you may be thinking back to a downgrade from Strong Buy to Buy by BT Alex Brown on November 12th. The reasons in the Alex Brown report were basically those discussed elsewhere here (flattening comps) but the analyst maintained a $28 FY 1998 price target and particularly seemed to like the Mr. Rags acquisition. As for the director who sold shares, the company I.R. pointed out to me that their directors are compensated only in options, which the director was exercising. Perhaps that takes just a bit of the sting out of it. Chris