Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: MoneyPenny who wrote (20362)	4/25/1998 10:11:00 AM
From: jbe	Read Replies (2) of 95453

Sharon, you say your biggest lagger (GLM) has "significant" institutional ownership, "but" that hasn't helped it a bit. Why "but"? My observation was precisely that companies with LOW institutional ownership did well this past week, not those with HIGH institutional ownership. I'm not suggesting this trend will continue; it may be just a fluke. But it stands to reason that as long as institutional investors are nervous about a sector (in this case, oil services), companies with high levels of institutional ownership are going to suffer more than those with low levels. jbe

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