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Thanks Anthony and Jayson ! Very helpful as always.
Kind Regards,
GaryAnthony Faragasso <ajf1111@xxxxxxxx> wrote:
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
----- Original Message -----
From: Gary A. Serkhoshian
To: 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 <jcasavant@xxxxxxxxxxx> wrote:
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
-----Original Message-----From: Dave Merrill [mailto:dmerrill@xxxxxxx]Sent: Monday, January 19, 2004 8:19 AMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE: [amibroker] Institutional Sponsorship
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.
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.
Dave
Jayson,
Thanks, That is what I was looking for....have you done any testing with it....I have some ideas in mind...
Anthony
Anthony,
In QP the values are reported as a percentage and are available to AB via getextradata("instholds")
Regards,
Jayson
Does anyone know if there is a way to track Institutional Sponsorship of stocks.
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