Go to Jeff Salisbury LWGate Home Page.From: "Mona Guarino" <webmaster@design21.com>
Subject: RE: [CANSLIM] Institutional Buying [was: ???????????]
Date: Sun, 14 Apr 2002 13:57:40 -0700
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This is a multi-part message in MIME format. - ------=_NextPart_000_008C_01C1E3BC.57919500 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thanks Howard, I think you're right as to the market getting to all of us. How about a newbie question to distract us: how can I judge how much institutional buying is going on? If funds, etc only report quarterly, how do I know that volume changes are institutions rather than retail? I've started tracking block trades (available on Merrill quotes) for stocks I own or am considering. Block trades are defined here as "The number of trades in the current trading session exceeding 10,000 shares or exceeding $20,000 in value. When the market is closed, this number indicates the number of block trades for the most recent trading session. " Logitech (LOGI) had 2 block trades Wed. and another on Fri after none for two weeks. Wed. it was up .77 on higher than average volume. Fri it gapped down, closed down 2.76 on even higher volume and broke below its 50-day. [I took 21% profit on most of the position earlier, so I'm not crying too much over this, but am trying to figure out what block trades might tell me about institutional buying and what to take from that.] If I see 1 block trade, that doesn't really seem to tell me anything since I have don't seem to have any way to know if it is a buy or sell. I can't devine whether it is someone getting in or out. Any thoughts? - -- Mona -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mhboatman@aol.com Sent: Sunday, April 14, 2002 10:30 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] ??????????? Whoo, Me thinks the 'M' has gotten to us all. Opinions are opinions. Each of us has one or two. What I value in this group is the diversity of them -- some of which I may not agree. On balance, I learn from all who contribute. Those who have been a member for a while realize that this groups real strength is in the diversity of opinions presented. Can we get back to being nice to one another? Howard - ------=_NextPart_000_008C_01C1E3BC.57919500 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Dus-ascii"> <META content=3D"MSHTML 5.50.4134.100" name=3DGENERATOR></HEAD> <BODY> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D070484220-14042002>Thanks=20 Howard, I think you're right as to the market getting to all of=20 us.</SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D070484220-14042002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D070484220-14042002>How=20 about a newbie question to distract us: how can I judge how much = institutional=20 buying is going on? If funds, etc only report quarterly, how do I know = that=20 volume changes are institutions rather than retail? </SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D070484220-14042002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D070484220-14042002>I've=20 started tracking block trades (available on Merrill quotes) for stocks I = own or=20 am considering. Block trades are defined here as "The number of trades = in the=20 current trading session exceeding 10,000 shares or exceeding $20,000 in = value.=20 When the market is closed, this number indicates the number of block = trades for=20 the most recent trading session. "</SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D070484220-14042002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial><FONT size=3D2><FONT color=3D#0000ff><SPAN=20 class=3D070484220-14042002>Logitech (LOGI) had 2 block trades Wed. and = another on=20 Fri after none for two weeks. Wed. it was up .77 on higher than average = volume.=20 Fri it gapped down, closed</SPAN> <SPAN = class=3D070484220-14042002>down 2.76=20 on even higher volume and broke below its 50-day. [I took 21% profit on = most of=20 the position earlier, so I'm not crying too much over this, but am = trying to=20 figure out what block trades might tell me about institutional buying = and what=20 to take from that.]</SPAN></FONT></FONT></FONT></DIV> <DIV><FONT face=3DArial><FONT size=3D2><FONT color=3D#0000ff><SPAN=20 class=3D070484220-14042002></SPAN></FONT></FONT></FONT> </DIV> <DIV><FONT face=3DArial><FONT size=3D2><FONT color=3D#0000ff><SPAN=20 class=3D070484220-14042002>If I see 1 block trade, that doesn't really = seem to=20 tell me anything since I have don't seem to have any way to know if it = is a buy=20 or sell. I can't devine whether it is someone getting in or out.=20 </SPAN></FONT></FONT></FONT></DIV> <DIV><FONT face=3DArial><FONT size=3D2><FONT color=3D#0000ff><SPAN=20 class=3D070484220-14042002></SPAN></FONT></FONT></FONT> </DIV> <DIV><FONT face=3DArial><FONT size=3D2><FONT color=3D#0000ff><SPAN=20 class=3D070484220-14042002>Any = thoughts?</SPAN></FONT></FONT></FONT></DIV> <DIV><FONT face=3DArial><FONT size=3D2><FONT color=3D#0000ff><SPAN=20 class=3D070484220-14042002></SPAN></FONT></FONT></FONT> </DIV> <DIV><FONT face=3DArial><FONT size=3D2><FONT color=3D#0000ff><SPAN=20 class=3D070484220-14042002>-- Mona</SPAN></FONT></FONT></FONT></DIV> <DIV><SPAN class=3D070484220-14042002></SPAN><FONT face=3DTahoma><FONT = size=3D2><SPAN=20 class=3D070484220-14042002><FONT face=3DArial=20 color=3D#0000ff> </FONT></SPAN></FONT></FONT></DIV> <DIV><FONT face=3DTahoma><FONT size=3D2><SPAN=20 class=3D070484220-14042002> </SPAN>-----Original = Message-----<BR><B>From:</B>=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]<B>On=20 Behalf Of </B>Mhboatman@aol.com<BR><B>Sent:</B> Sunday, April 14, 2002 = 10:30=20 AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: = [CANSLIM]=20 ???????????<BR><BR></DIV></FONT></FONT> <BLOCKQUOTE=20 style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px = solid"><FONT=20 face=3Darial,helvetica><FONT size=3D2>Whoo, <BR><BR>Me thinks = the 'M' has=20 gotten to us all. <BR><BR>Opinions are opinions. Each of = us has=20 one or two. What I value in this group is the diversity of them = - -- some=20 of which I may not agree. On balance, I learn from all who = contribute.=20 Those who have been a member for a while realize that this = groups real=20 strength is in the diversity of opinions presented. <BR><BR>Can we get = back to=20 being nice to one another? <BR><BR>Howard=20 </FONT></FONT></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_008C_01C1E3BC.57919500-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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