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Non-Tech : Callaway Golf -- it's a buy -- Ignore unavailable to you. Want to Upgrade?


To: JBruin who wrote (236)2/15/1999 4:21:00 PM
From: Jacques Tootight  Read Replies (1) | Respond to of 307
 
You know, just because someone posts negatively about a company, it doesn't necessarily follow that they must be short that stock. I've never shorted a stock in my life and there are many I think negatively of, including this one.

It's interesting on these message boards, that when a negative sentiment is offered the poster is accused of being a "short". Like it was something shameful, a despicable creature. A quite ineffective junior high schoolyard debate tactic.

1) you have no sac. A perfect example.




To: JBruin who wrote (236)2/16/1999 4:19:00 PM
From: Jeff Mills  Read Replies (1) | Respond to of 307
 
JBruin--

I am not short ELY because I do not know how the market will react to the news. If the stock were at $20, then I would be short. But at $10 it is a different story.

I am confident with the info because I am the one that has read/heard with my own ears and eyes the news I am telling you. This is what I know:

1. Callaway is thinking about destroying $30 Million dollars worth of inventory and writing it off to shareholders.

2. Edwin Watts will begin selling Great Big Bertha's and Biggest Big Bertha's at roughly $9 above cost due to the huge amounts of inventory they are sitting on. I will leave it to you to decipher that news and what it means to future orders for GBBs and BBBs.

This will be my last response to you. I will not respond to your banter. It is very childish.

Good luck in Callaway---you are going to need it.