RE: [CANSLIM] float?

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] float?
Date: Wed, 29 Jan 2003 14:09:55 -0600

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Hi Janis,

Float is simply the number of outstanding shares that are not owned by
insiders (management and beneficial owners, which may include institutions).
A float of 71% simply means that 71% of the company's shares are "floating
around" for trading without having to reveal an intended sale via an SEC
filing. I wouldn't read to much into the percentage, as it doesn't mean all
that much. Look instead to which institutions are buying shares and whether
or not they are increasing their holdings. That "S" in CANSLIM will also be
reflected in the general price/volume action of the stock and can be seen
easily by reading the chart.

Here's a good link for evaluating the ownership of a stock:

http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp

Be careful when interpreting the numbers, however, as the Insitutional % is
given as a percent of the *outstanding* shares rather than as a percent of
the float, as it is presented in DGO/IBD.

You can use www.morningstar.com to evaluate the quality of mutual fund
ownership.

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of BIKEAR@aol.com
Sent: Tuesday, January 28, 2003 7:47 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] float?


<PRE>when I look at tje MSN ownership I see shares outstanding the % of
institutional, mutual funds, insider ownership then the float%..should the
float be high or low..is it if the float is 71% then only %29 shares of the
company is available...what is the given rule of thumb for float
canslim..thanks.......would a high float mean that the stock is in high
demand? thanks again

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