A better/cheaper alternative is to wet sand the stock with wey/dry sandpaper starting with around 220 and work your way to 1500. Looks almost as good with no chiping, flaking, solvent, or baby sitting concerns.
Ditto what aalf said. Once you are done, put a few coats of carnuba wax on it. It'll be as slick and good looking as the clear coat, and won't cost you more than about an hour and $5.
