Callaway Golf -- it's a buy Message Board

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Non-Tech : Callaway Golf -- it's a buy

ELY 21.33

-2.8%

Sep 6 5:00 PM EST

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To: Les Paul who wrote (219)	12/14/1998 8:15:00 AM
From: Theo Karantsalis	of 307

It's a sell. I have been long and short ELY over the course of the last year. The competition is stiff, and ELY has been stuck in the sand trap. I am still short and believe that ELY will test new lows ($8.- $9.) as investors cash in their tax losses. Many friends of mine bought in the mid-thirties. The powerful brand, and quality of the club, led us to believe that this stock would hold its own. Unfortunately, that wasn't the case. Theo

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