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Non-Tech : Action Performance....ACTN

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To: Stoctrash who wrote (73)7/31/1998 10:34:00 AM
From: CMS27  Read Replies (2) of 278
 
Hard to imagine .50 per share compared to .08 in the previous same quarter and we hardly move. From looking at Yahoo there seems to be a large short position in this stock. On the order of 2, 3 million shares. I don't see a short story here at all. I do think the loyalty of racing fans towards NASCAR carries over to this stock. I'm sure there are plenty that own this thing. And because we see the throngs of people buying this stuff at the races, I mean elbow to elbow, toe to heel packedwith buying shoppers, no one goes in that mess to window shop. We probably also all watched QVC last night as they did the Brickyard special and item after item sold out, many of them Action products. I got the Dale Jarrett kicin brick t-shirt. Made by Actions latest aquisition Chase authentics.

It may take a little while, but I'm afraid the shorts will simply be outlasted here. Unless they see something I just don't

Scott
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