RE: [CANSLIM] Inst Ownership

From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] Inst Ownership
Date: Thu, 15 Aug 2002 21:15:03 -1000
Next Article (by Subject): RE: [CANSLIM] Inst Ownership "Mike Gibbons"
Previous Article (by Subject): Re: [CANSLIM] hummmm??? "NANCY POLCARO"
Next in Thread: RE: [CANSLIM] Inst Ownership "Mike Gibbons"
Articles sorted by: [Date] [Author] [Subject]
This is a multi-part message in MIME format.

- ------=_NextPart_000_0009_01C244A0.D2239A80
Content-Type: text/plain;
	charset="Windows-1252"
Content-Transfer-Encoding: 7bit

> and the quality of mutual fund ownership, above average.

and there's the rub. Where is quality defined, how is it measured and what is above average? Rhetorical question, because I don't
think there's an answer, But, I've been wrong before and I expect the redoubtable Katherine or Tom will prove me so again :-)

Aloha,

Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
  -----Original Message-----
  From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com
  Sent: Thursday, August 15, 2002 6:12 PM
  To: canslim@lists.xmission.com
  Subject: Re: [CANSLIM] Inst Ownership


  Gentlemen, if I may guide this discussion back to it's beginning, I believe I was the one who pontificated that IBD/DGO recommends
no more than 25% mutual fund ownership, because otherwise there would be inadequate institutional capacity left to buy the stock
when it started to move. In my opinion they use mutual funds because they leave a paper trail, and the quality of investment skill
can be measured. Other institutions, for example life insurance companies, are more difficult to evaluate.

  For most public companies, institutions own most of the outstanding float, maybe 80% to 90% (according to Yahoo). Since the bulk
of the ownership cannot be evaluated as respects investment skill and success, WON hones in on that part that can be monitored; the
mutual funds. He recommends mutual fund sponsorship, but for growth stocks, he likes to see the percentage of ownership at less than
25%, and the quality of mutual fund ownership, above average.

  But then, what do I know?

  Charley

- ------=_NextPart_000_0009_01C244A0.D2239A80
Content-Type: text/html;
	charset="Windows-1252"
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 6.00.2716.2200" name=3DGENERATOR></HEAD>
<BODY>
<DIV><SPAN class=3D990241007-16082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>&gt;=20
<FONT face=3DArial color=3D#000000>and the quality of mutual fund =
ownership, above=20
average. </FONT><BR></FONT></SPAN></DIV>
<DIV><SPAN class=3D990241007-16082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>and=20
there's the rub. Where is quality defined, how is it measured&nbsp;and =
what is=20
above average? Rhetorical question, because I don't think there's an =
answer,=20
But, I've been wrong before and I expect the redoubtable Katherine or =
Tom will=20
prove me so again :-)</DIV></FONT></SPAN>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Mike =
Gibbons</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Proactive =
Technologies,=20
LLC</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080=20
size=3D2>http://www.proactech.com</FONT></DIV>
<BLOCKQUOTE>
  <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
  size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com=20
  [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of=20
  </B>Chazmoore@aol.com<BR><B>Sent:</B> Thursday, August 15, 2002 6:12=20
  PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
  Inst Ownership<BR><BR></FONT></DIV><FONT face=3Darial,helvetica><FONT=20
  size=3D2>Gentlemen, if I may guide this discussion back to it's =
beginning, I=20
  believe I was the one who pontificated that IBD/DGO recommends no more =
than=20
  25% mutual fund ownership, because otherwise there would be inadequate =

  institutional capacity left to buy the stock when it started to move. =
In my=20
  opinion they use mutual funds because they leave a paper trail, and =
the=20
  quality of investment skill can be measured. Other institutions, for =
example=20
  life insurance companies, are more difficult to evaluate. <BR><BR>For =
most=20
  public companies, institutions own most of the outstanding float, =
maybe 80% to=20
  90% (according to Yahoo). Since the bulk of the ownership cannot be =
evaluated=20
  as respects investment skill and success, WON hones in on that part =
that can=20
  be monitored; the mutual funds. He recommends mutual fund sponsorship, =
but for=20
  growth stocks, he likes to see the percentage of ownership at less =
than 25%,=20
  and the quality of mutual fund ownership, above average. <BR><BR>But =
then,=20
  what do I know? <BR><BR>Charley</FONT> =
</FONT></BLOCKQUOTE></BODY></HTML>

- ------=_NextPart_000_0009_01C244A0.D2239A80--


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.
Go to Jeff Salisbury LWGate Home Page.