Go to Jeff Salisbury LWGate Home Page.From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] Inst Ownership
Date: Thu, 15 Aug 2002 21:24:28 -1000
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Ah Ha, and as a I continued to read, I discovered the redoubtable Katherine had indeed already provided the answer to my foolishly
thought rhetorical question. Oh Well, go PHA and assuage my sorrows.
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 Mike Gibbons
Sent: Thursday, August 15, 2002 9:15 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Inst Ownership
> 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
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<BODY>
<DIV><SPAN class=3D160221907-16082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>Ah=20
Ha, and as a I continued to read, I discovered the redoubtable Katherine =
had=20
indeed already provided the answer to my foolishly thought rhetorical =
question.=20
Oh Well, go PHA and assuage my sorrows.</FONT></SPAN></DIV>
<DIV> </DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2></FONT> </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 dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<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 </B>Mike=20
Gibbons<BR><B>Sent:</B> Thursday, August 15, 2002 9:15 =
PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM] Inst=20
Ownership<BR><BR></FONT></DIV>
<DIV><SPAN class=3D990241007-16082002><FONT face=3DTahoma =
color=3D#000080=20
size=3D2>> <FONT face=3DArial color=3D#000000>and the quality of =
mutual fund=20
ownership, above 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 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> </DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2></FONT> </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 =
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=20
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%=20
to 90% (according to Yahoo). Since the bulk of the ownership cannot =
be=20
evaluated as respects investment skill and success, WON hones in on =
that=20
part that can be monitored; the mutual funds. He recommends mutual =
fund=20
sponsorship, but for growth stocks, he likes to see the percentage =
of=20
ownership at less than 25%, and the quality of mutual fund =
ownership, above=20
average. <BR><BR>But then, what do I know? <BR><BR>Charley</FONT>=20
</FONT></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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