Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Inst Ownership
Date: Fri, 16 Aug 2002 06:57:21 -0400
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Mike, I don't subscribe to IBD, but I believe it shows some information =
on the performance of funds, and some of their holdings, so you can see =
if a stock is held by top performing funds. I am sure others can explain =
more fully. I don't apply this principle of CANSLIM in my personal =
investing, as I like to find a stock before the big boys do, and you =
don't get many funds owning the small stocks I buy.
- ----- Original Message -----=20
From: Mike Gibbons=20
To: canslim@lists.xmission.com=20
Sent: Friday, August 16, 2002 3:15 AM
Subject: RE: [CANSLIM] Inst Ownership
> and the quality of mutual fund ownership, above average.=20
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.=20
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.=20
But then, what do I know?=20
Charley=20
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<DIV><FONT face=3DArial>Mike, I don't subscribe to IBD, but I believe it =
shows=20
some information on the performance of funds, and some of their =
holdings, so you=20
can see if a stock is held by top performing funds. I am sure others can =
explain=20
more fully. I don't apply this principle of CANSLIM in my personal =
investing, as=20
I like to find a stock before the big boys do, and you don't get many =
funds=20
owning the small stocks I buy.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dmikegibbons@proactech.com =
href=3D"mailto:mikegibbons@proactech.com">Mike=20
Gibbons</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Friday, August 16, 2002 3:15 AM</DIV>
<DIV><B>Subject:</B> RE: [CANSLIM] Inst Ownership</DIV></DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D990241007-16082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>>=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 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=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>
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