Re: [CANSLIM] Institutional Ownership

From: Neal Frankle <nfrankle@pacbell.net>
Subject: Re: [CANSLIM] Institutional Ownership
Date: Sun, 21 Apr 2002 10:21:12 -0700

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Dave,

where do you get your info?

Neal
- ----- Original Message -----
From: <Davellil5@aol.com>
To: <canslim@lists.xmission.com>
Sent: Saturday, April 20, 2002 9:51 AM
Subject: Re: [CANSLIM] Institutional Ownership


> 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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