[CANSLIM] How important is low Institutional Ownership?

From: "Chris Jones" <SwingKid104@attbi.com>
Subject: [CANSLIM] How important is low Institutional Ownership?
Date: Fri, 21 Mar 2003 00:41:00 -0800

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I believe strict CANSLIM guidelines state that a stock should have 2% - =
30% institutional ownership.  However, it seems that a majority of the =
high quality stocks that I find, that meet CANSLIM guidelines in every =
other way, have more than 30% institutional ownership.  Often they have =
60-95% ownership.  Apparently, the fear is that if something happens, =
the institutional owners can become a large source of supply, dumping =
the stock.  However, to me it seems that whether it's 30% or 80%, both =
will be a large source of supply.  What have your experiences been with =
good CANSLIM stocks that have a higher than 30% institutional ownership? =
 Should they be avoided?
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<DIV><FONT face=3DArial size=3D2>I believe strict CANSLIM guidelines =
state that a=20
stock should have 2%&nbsp;- 30% institutional ownership.&nbsp; However, =
it seems=20
that a majority of the high quality stocks that I find, that meet =
CANSLIM=20
guidelines in every other way, have more than 30% institutional =
ownership.&nbsp;=20
Often they have 60-95% ownership.&nbsp; Apparently, the fear is that if=20
something happens, the institutional owners can become a large source of =
supply,=20
dumping the stock.&nbsp; However, to me it seems that whether it's 30% =
or 80%,=20
both will be&nbsp;a large source of supply.&nbsp; What have your =
experiences=20
been with good CANSLIM stocks that have a higher than 30% institutional=20
ownership?&nbsp; Should they be avoided?</FONT></DIV></BODY></HTML>

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