Go to Jeff Salisbury LWGate Home Page.From: AJAskey@aol.com
Subject: Re: [CANSLIM] Institutional Ownership
Date: Tue, 13 May 2003 09:10:48 EDT
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- --part1_146.11400e5f.2bf248d8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 5/12/2003 10:36:18 PM Central Daylight Time, genr@swbell.net writes: > Institutional sponsorship. You want at least a few of the better performing > mutual funds owning the stock. They're the ones who will drive the stock up > on a sustained basis > You can build a spreadsheet of what the best funds are buying and selling thru <A HREF="www.nasdaq.com">www.nasdaq.com</A> using the institutional holdings form for stocks. This is how I did it. First find a few funds that could be rated A+. The Calamos and Wasatch funds still make IBDs list although they may be B or C due to a bear market. Others to check are CGM Focus and Bjurman/Barry. Now find one or more stocks that a fund owns. You can use Morningstar or several other sources to find the top 10 holdings. EPIQ is owned by a couple funds and is a good stock to start with. Open an InfoQuote at <A HREF="www.nasdaq.com">www.nasdaq.com</A> and then find the institutional holdings on the drop down menu. Click thru the pages until you find the fund/institution you want to investigate. Wasatch is on the top of the second page for me (when starting with EPIQ). Click on that institution. Now you have several pages of what that institution owns. The neat thing is you can copy and paste the holdings into Excel. Only select the table and be careful you don't select the entire page. After you copy each page into Excel you can now save this away for future reference. I use Edit->Clear->Formats on the copied data and then format it the way I want. This removes formats from the copy process that are probably not what will make your life easier. After I have saved a few of the best funds (maybe and hour or two of time) I can refer back to this table when I am deciding if I want to buy a stock. If I see one or more of the best funds have sold out of that fund then I usually pass. Sometimes you will find one fund sold out and another just started a new position. This shows there is no "right stock" to own as even the best funds disagree. Andy - --part1_146.11400e5f.2bf248d8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable <HTML><FONT FACE=3Darial,helvetica><FONT SIZE=3D2 FAMILY=3D"SANSSERIF" FACE= =3D"Arial" LANG=3D"0">In a message dated 5/12/2003 10:36:18 PM Central Dayli= ght Time, genr@swbell.net writes:<BR> <BR> <BLOCKQUOTE TYPE=3DCITE style=3D"BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT= : 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px"></FONT><FONT COLOR=3D"#000000"= style=3D"BACKGROUND-COLOR: #ffffff" SIZE=3D2 FAMILY=3D"SCRIPT" FACE=3D"Comi= c Sans MS" LANG=3D"0">Institutional sponsorship. You want at least a few of=20= the better performing mutual funds owning the stock. They're the ones who wi= ll drive the stock up on a sustained basis<BR> </BLOCKQUOTE></FONT><FONT COLOR=3D"#000000" style=3D"BACKGROUND-COLOR: #fff= fff" SIZE=3D2 FAMILY=3D"SANSSERIF" FACE=3D"Arial" LANG=3D"0"><BR> <BR> You can build a spreadsheet of what the best funds are buying and selling th= ru <A HREF=3D"www.nasdaq.com">www.nasdaq.com</A> using the institutional hol= dings form for stocks. This is how I did it.<BR> <BR> First find a few funds that could be rated A+. The Calamos and Wasatch= funds still make IBDs list although they may be B or C due to a bear market= . Others to check are CGM Focus and Bjurman/Barry.<BR> <BR> Now find one or more stocks that a fund owns. You can use Morningstar=20= or several other sources to find the top 10 holdings. EPIQ is owned by= a couple funds and is a good stock to start with.<BR> <BR> Open an InfoQuote at <A HREF=3D"www.nasdaq.com">www.nasdaq.com</A> and then=20= find the institutional holdings on the drop down menu. Click thru the=20= pages until you find the fund/institution you want to investigate. Was= atch is on the top of the second page for me (when starting with EPIQ). = ; Click on that institution. Now you have several pages of what that i= nstitution owns.<BR> <BR> The neat thing is you can copy and paste the holdings into Excel. Only= select the table and be careful you don't select the entire page. Aft= er you copy each page into Excel you can now save this away for future refer= ence. I use Edit->Clear->Formats on the copied data and then for= mat it the way I want. This removes formats from the copy process that= are probably not what will make your life easier.<BR> <BR> After I have saved a few of the best funds (maybe and hour or two of time) I= can refer back to this table when I am deciding if I want to buy a stock.&n= bsp; If I see one or more of the best funds have sold out of that fund then=20= I usually pass. Sometimes you will find one fund sold out and another=20= just started a new position. This shows there is no "right stock" to o= wn as even the best funds disagree.<BR> <BR> Andy<BR> <BR> </FONT></HTML> - --part1_146.11400e5f.2bf248d8_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): [CANSLIM] TSCO Chazmoore@aol.com
Top of Thread: [CANSLIM] Institutional Ownership "Gene Ricci"
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