Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Institutional Ownership
Date: Sat, 20 Apr 2002 12:08:33 -0500
Next Article (by Date): Re: [CANSLIM] CANSLIM jc Ian
Previous Article (by Date): Re: [CANSLIM] CANSLIM jc Dimitri Katsaros
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format. - ------=_NextPart_000_008C_01C1E864.17DB34A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageHi Duke, I have 4 recent Investor's Corners that give a brief description of the = Institutional Sponsorship Rating, and the definitions are all similar. = This description is from the 9/6/01 article: The rating gauges the three year performance of the mutual funds = investing in the stock. This helps you zero in on stocks that have a = place in the portfolios of the best performing funds. The rating also = factors in the number of funds moving into and out of the stock in = recent quarters. The paper is the only place I've ever seen this ranking. It doesn't = appear in DGO or Investors.com in this same form, so I've only found it = "of interest" over the years. In some ways this can actually be = misleading. In early 2000, I noticed that in the paper's "What Mutual = Funds are Buying" in which they list buys of the top rated funds, that = they were buying everything that was topping out. The fund ratings are = based on the prior 3 years performance, so it seemed to me that if the = market were undergoing any major shifts, that the top performing funds = would be come the laggards over the next cycle and vice versa. That = meant that what the *laggard* funds were buying was actually more = telling that what the *leading* funds were buying. I asked about this at = the June 2000 seminar in NYC, wondering how we could monitor for this = and was told that I was "trying to make it too complex." Complex or not, = I decided to forever ignore these tables in the paper and instead pay = attention to the price/volume action of the stocks, using a check on the = quality of current institutional owners as a sanity check, but not a = selection tool. Katherine ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Saturday, April 20, 2002 11:34 AM Subject: RE: [CANSLIM] Institutional Ownership What about the Sponsorship ratings that are listed in the minigraphs? = Their definition is: "Based on change in number of funds owning stock = recently and sponsors performance rating. A is highest, E lowest." Anybody explain what this means or how it's derived? Duke - ------=_NextPart_000_008C_01C1E864.17DB34A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD><TITLE>Message</TITLE> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Duke,</DIV> <DIV> </DIV> <DIV>I have 4 recent Investor's Corners that give a brief description of = the=20 Institutional Sponsorship Rating, and the definitions are all similar. = This=20 description is from the 9/6/01 article:</DIV> <DIV> </DIV> <DIV>The rating gauges the three year performance of the mutual funds = investing=20 in the stock. This helps you zero in on stocks that have a place in the=20 portfolios of the best performing funds. The rating also factors in the = number=20 of funds moving into and out of the stock in recent quarters.</DIV> <DIV> </DIV> <DIV>The paper is the only place I've ever seen this ranking. It doesn't = appear=20 in DGO or Investors.com in this same form, so I've only found it "of = interest"=20 over the years. In some ways this can actually be misleading. In early = 2000, I=20 noticed that in the paper's "What Mutual Funds are Buying" in which they = list=20 buys of the top rated funds, that they were buying everything that was = topping=20 out. The fund ratings are based on the prior 3 years performance, so it = seemed=20 to me that if the market were undergoing any major shifts, that the top=20 performing funds would be come the laggards over the next cycle and vice = versa.=20 That meant that what the *laggard* funds were buying was actually more = telling=20 that what the *leading* funds were buying. I asked about this at the = June 2000=20 seminar in NYC, wondering how we could monitor for this and = was told=20 that I was "trying to make it too complex." Complex or not, I decided to = forever=20 ignore these tables in the paper and instead pay attention to the = price/volume=20 action of the stocks, using a check on the quality of current = institutional=20 owners as a sanity check, but not a selection tool.</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Ddukemill@tampabay.rr.com = href=3D"mailto:dukemill@tampabay.rr.com">Duke=20 Miller</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, April 20, 2002 = 11:34=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] = Institutional=20 Ownership</DIV> <DIV><BR></DIV> <DIV><SPAN class=3D827442716-20042002><FONT face=3DArial>What about = the=20 Sponsorship ratings that are listed in the minigraphs? Their = definition=20 is: "Based on change in number of funds owning stock recently = and=20 sponsors performance rating. A is highest, E=20 lowest."</FONT></SPAN></DIV> <DIV><SPAN class=3D827442716-20042002><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D827442716-20042002><FONT face=3DArial>Anybody = explain what this=20 means or how it's derived?</FONT></SPAN></DIV> <DIV><SPAN class=3D827442716-20042002><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D827442716-20042002><FONT=20 face=3DArial>Duke</FONT></SPAN></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_008C_01C1E864.17DB34A0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Date): Re: [CANSLIM] CANSLIM jc Ian
Previous Article (by Date): Re: [CANSLIM] CANSLIM jc Dimitri Katsaros
Articles sorted by: [Date]
[Author]
[Subject]