Re: [CANSLIM] Institutional Ownership

From: Davellil5@aol.com
Subject: Re: [CANSLIM] Institutional Ownership
Date: Sat, 20 Apr 2002 12:51:25 EDT

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Sometime ago, I contacted IBD to find out how they arrive at the Sponsor 
ranking.

I asked them, specifically, how they combine the number of mutual funds 
holding a stock and the quality (performance) of those funds into a single 
ranking.  This is like adding apples and bananas.

The response was that how they do it is proprietary, secret.

I pointed out that without knowing how the ranking is arrived at, we 
subscribers have no way of judging its value.

I've found no correlation between this ranking and "steam" of any stock.  
Maybe, I don't have enough data to judge that correlation accurately, but I 
now largely ignore the Sponsor ranking.  I get my own information about top 
holdings of any stock by institutions and mutuals, and whether they are 
accruing or distributing, on balance, lately.

Regards, Dave

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