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To: Scotsman who wrote (27474)1/3/1998 4:15:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 50808
 
IBD print edition (I believe Tuesdays) lists the number of funds holding a particular stock. I don't know how current the data is, how frequently it's updated or, for that matter, how I'd use it. I suspect that I'd lean toward it being a contrarian indicator.

Nice chart in Barron's this week (Monday January 5th) showing the relative bullishness / bearishness of Sell Side analysts and the indication that their opinions are outstanding contrarian indicators.

It appears obvious that if 80 -90% of the fund managers underperform the market, that it behooves one not to own what they do. :-)

Have a good weekend,
Ian.