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Gary,
A winning stock dosen't need a large number of
institutional owners, but it should have a least several. Ten might
be a minimum reasonable number of institutional sponsors, although most stocks
have a good many more. If a stock has no professional sponsorship, chances
are that its performance will be more run of the mill.
One Key is to know if the total number of
sponsors is increasing or decreasing. The main thing to look for is the
recent quarterly trend. It's always best to buy stocks showing an increasing
number of institutional owners over several recent quarters.
It is possible for a stock to have too much
sponsorship. The danger is that excessive sponsorship might translate into large
potential selling if something goes wrong at the company or a bear market
begins.
Buy stocks that have at least a few
institutional sponsorss with better than average recent performance records, and
invest in stocks showing an increasing total number of institutional owners in
recent quarters.
Anthony
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Gary
A. Serkhoshian
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Monday, January 19, 2004 12:11
PM
Subject: RE: [amibroker] Institutional
Sponsorship
Jayson,
While on the subject, could you provide some clairty on how you interpret
Institutional Sponsorship. In other words, do you have a "too low"
threshold as well as a "too high" threshold.
Very interested in your thoughts.
Kind Regards,
GaryJayson <<A
href="">jcasavant@xxxxxxxxxxx>
wrote:
<BLOCKQUOTE class=replbq
>
<FONT face=Arial color=#0000ff
size=2>Useless you say..... All your buy signals are in place (what ever
your buy criteria). You like the look of the chart, nice and tight with few
gaps, trending in the direction you desire. It fits into the price range you
like and the volume has been good for sometime. A quick look at
institutional sponsorship shows you that just 7% of the out standing shares
are held by the major players. That type of information is useless to you?
Not to me. Before I put actual dollars to work I would rather know that the
big guys also have interest in the company. The big guys cannot dump 5
million or 10 million shares on a whim or a rumor but will instead move
them out in a more systematic, orderly manner. With out them the stock
may have a tendency to act (more) irrationally. If your trading involves
following accumulation/distribution then such figures are very useful
indeed.....
Regards,
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: Dave Merrill
[mailto:dmerrill@xxxxxxx]Sent: Monday, January 19, 2004 8:19
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE:
[amibroker] Institutional Sponsorship
<SPAN
class=286491113-19012004>Sigh. You may already be aware of this, but
unfortunately most QP ExtraData is a single static number representing the
present, with no history available. The only exception to this is QRS, as
you can see from the AB User Guide, which indicates it returns an
array.
<SPAN
class=286491113-19012004>
<SPAN
class=286491113-19012004>IMO this makes QP fundamentals almost completely
useless, because they can't be backtested against. I'm currently looking for
another reliable provider with real fundamentals, but it's a low priority
side project and I don't have much time to spend on it. I don't remember if
CSI has fundamentals or not, but if they do, and the new plugin for
accessing their data works out, that might well be the way to go; they
certainly have other advantages.
<SPAN
class=286491113-19012004>
<SPAN
class=286491113-19012004>Dave
<BLOCKQUOTE
>
Jayson,
Thanks, That is what I was looking
for....have you done any testing with it....I have some ideas in
mind...
Anthony
<BLOCKQUOTE
>
<FONT face=Arial color=#0000ff
size=2>Anthony,
<FONT face=Arial color=#0000ff
size=2>In QP the values are reported as a percentage and are available
to AB via getextradata("instholds")
Regards,
Jayson <FONT
face=Tahoma size=2>
Does anyone know if there is a way to track
Institutional Sponsorship of stocks.
<FONT face=Arial
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