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Non-Tech : Action Performance....ACTN
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To: Stoctrash who wrote (152)5/10/1999 10:45:00 AM
From: CMon  Read Replies (1) of 278
 
And as for the Fidelity position:

Without being specific to ACTN, I can say that as a short one element I love in a stock is a significant position held by Fidelity, Putnam or Mass FI, and a few other "mo lovers". Those Boston three are a tremendous tailwind to a short position when the momentum they love is broken. And when the information shorts have had in their possession (again, in general and not specific to ACTN) is finally made widely known, the carelessness of Fidelity's analysts translates into indiscriminate dumping by their traders. When I consider a short, I put a check in the "pro" column when I see a big holding at Fidelity.
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