id	sid	tid	token	lemma	pos
fsr-3882	1	1	pii	pii	PROPN
fsr-3882	1	2	:	:	PUNCT
fsr-3882	1	3	s1057	s1057	NOUN
fsr-3882	1	4	-	-	PUNCT
fsr-3882	1	5	0810(99)00032	0810(99)00032	NUM
fsr-3882	1	6	-	-	SYM
fsr-3882	1	7	3	3	NUM
fsr-3882	1	8	computerized	computerized	ADJ
fsr-3882	1	9	stock	stock	NOUN
fsr-3882	1	10	screening	screen	VERB
fsr-3882	1	11	rules	rule	NOUN
fsr-3882	1	12	for	for	ADP
fsr-3882	1	13	portfolio	portfolio	NOUN
fsr-3882	1	14	selection	selection	PROPN
fsr-3882	1	15	steven	steven	PROPN
fsr-3882	1	16	c.	c.	PROPN
fsr-3882	1	17	gold	gold	PROPN
fsr-3882	1	18	*	*	PROPN
fsr-3882	1	19	,	,	PUNCT
fsr-3882	1	20	paul	paul	PROPN
fsr-3882	1	21	lebowitz	lebowitz	PROPN
fsr-3882	1	22	department	department	PROPN
fsr-3882	1	23	of	of	ADP
fsr-3882	1	24	finance	finance	NOUN
fsr-3882	1	25	,	,	PUNCT
fsr-3882	1	26	accounting	accounting	NOUN
fsr-3882	1	27	and	and	CCONJ
fsr-3882	1	28	mis	mis	PROPN
fsr-3882	1	29	,	,	PUNCT
fsr-3882	1	30	rochester	rochester	PROPN
fsr-3882	1	31	insitiute	insitiute	NOUN
fsr-3882	1	32	of	of	ADP
fsr-3882	1	33	technology	technology	NOUN
fsr-3882	1	34	,	,	PUNCT
fsr-3882	1	35	college	college	NOUN
fsr-3882	1	36	of	of	ADP
fsr-3882	1	37	business	business	NOUN
fsr-3882	1	38	,	,	PUNCT
fsr-3882	1	39	max	max	PROPN
fsr-3882	1	40	lowenthal	lowenthal	PROPN
fsr-3882	1	41	bldg	bldg	PROPN
fsr-3882	1	42	.	.	PUNCT
fsr-3882	1	43	,	,	PUNCT
fsr-3882	1	44	1	1	NUM
fsr-3882	1	45	lomb	lomb	NOUN
fsr-3882	1	46	memorial	memorial	ADJ
fsr-3882	1	47	drive	drive	NOUN
fsr-3882	1	48	,	,	PUNCT
fsr-3882	1	49	rochester	rochester	PROPN
fsr-3882	1	50	,	,	PUNCT
fsr-3882	1	51	ny	ny	PROPN
fsr-3882	1	52	14623	14623	NUM
fsr-3882	1	53	,	,	PUNCT
fsr-3882	1	54	usa	usa	PROPN
fsr-3882	1	55	abstract	abstract	ADJ
fsr-3882	1	56	recent	recent	ADJ
fsr-3882	1	57	studies	study	NOUN
fsr-3882	1	58	have	have	AUX
fsr-3882	1	59	uncovered	uncover	VERB
fsr-3882	1	60	several	several	ADJ
fsr-3882	1	61	systematic	systematic	ADJ
fsr-3882	1	62	patterns	pattern	NOUN
fsr-3882	1	63	that	that	PRON
fsr-3882	1	64	increase	increase	VERB
fsr-3882	1	65	the	the	DET
fsr-3882	1	66	probability	probability	NOUN
fsr-3882	1	67	that	that	SCONJ
fsr-3882	1	68	individual	individual	ADJ
fsr-3882	1	69	investors	investor	NOUN
fsr-3882	1	70	can	can	AUX
fsr-3882	1	71	select	select	VERB
fsr-3882	1	72	stock	stock	NOUN
fsr-3882	1	73	portfolios	portfolio	NOUN
fsr-3882	1	74	with	with	ADP
fsr-3882	1	75	excess	excess	ADJ
fsr-3882	1	76	returns	return	NOUN
fsr-3882	1	77	.	.	PUNCT
fsr-3882	2	1	this	this	DET
fsr-3882	2	2	study	study	NOUN
fsr-3882	2	3	tests	test	VERB
fsr-3882	2	4	the	the	DET
fsr-3882	2	5	feasibility	feasibility	NOUN
fsr-3882	2	6	of	of	ADP
fsr-3882	2	7	using	use	VERB
fsr-3882	2	8	a	a	DET
fsr-3882	2	9	commercially	commercially	ADV
fsr-3882	2	10	available	available	ADJ
fsr-3882	2	11	computerized	computerized	ADJ
fsr-3882	2	12	stock	stock	NOUN
fsr-3882	2	13	screening	screen	VERB
fsr-3882	2	14	program	program	NOUN
fsr-3882	2	15	for	for	SCONJ
fsr-3882	2	16	investors	investor	NOUN
fsr-3882	2	17	to	to	PART
fsr-3882	2	18	take	take	VERB
fsr-3882	2	19	advantage	advantage	NOUN
fsr-3882	2	20	of	of	ADP
fsr-3882	2	21	these	these	DET
fsr-3882	2	22	patterns	pattern	NOUN
fsr-3882	2	23	.	.	PUNCT
fsr-3882	3	1	the	the	DET
fsr-3882	3	2	screening	screen	VERB
fsr-3882	3	3	program	program	NOUN
fsr-3882	3	4	searches	search	VERB
fsr-3882	3	5	the	the	DET
fsr-3882	3	6	three	three	NUM
fsr-3882	3	7	major	major	ADJ
fsr-3882	3	8	exchanges	exchange	NOUN
fsr-3882	3	9	and	and	CCONJ
fsr-3882	3	10	selects	select	VERB
fsr-3882	3	11	stocks	stock	NOUN
fsr-3882	3	12	on	on	ADP
fsr-3882	3	13	both	both	CCONJ
fsr-3882	3	14	fundamental	fundamental	ADJ
fsr-3882	3	15	and	and	CCONJ
fsr-3882	3	16	technical	technical	ADJ
fsr-3882	3	17	indicators	indicator	NOUN
fsr-3882	3	18	:	:	PUNCT
fsr-3882	3	19	low	low	ADJ
fsr-3882	3	20	price	price	NOUN
fsr-3882	3	21	-	-	PUNCT
fsr-3882	3	22	to	to	ADP
fsr-3882	3	23	-	-	PUNCT
fsr-3882	3	24	sales	sale	NOUN
fsr-3882	3	25	ratio	ratio	NOUN
fsr-3882	3	26	,	,	PUNCT
fsr-3882	3	27	small	small	ADJ
fsr-3882	3	28	firm	firm	ADJ
fsr-3882	3	29	size	size	NOUN
fsr-3882	3	30	,	,	PUNCT
fsr-3882	3	31	accelerating	accelerate	VERB
fsr-3882	3	32	stock	stock	NOUN
fsr-3882	3	33	prices	price	NOUN
fsr-3882	3	34	above	above	ADP
fsr-3882	3	35	their	their	PRON
fsr-3882	3	36	50	50	NUM
fsr-3882	3	37	day	day	NOUN
fsr-3882	3	38	moving	move	VERB
fsr-3882	3	39	average	average	ADJ
fsr-3882	3	40	,	,	PUNCT
fsr-3882	3	41	high	high	ADJ
fsr-3882	3	42	trading	trading	NOUN
fsr-3882	3	43	volume	volume	NOUN
fsr-3882	3	44	,	,	PUNCT
fsr-3882	3	45	and	and	CCONJ
fsr-3882	3	46	high	high	ADJ
fsr-3882	3	47	earnings	earning	NOUN
fsr-3882	3	48	growth	growth	NOUN
fsr-3882	3	49	.	.	PUNCT
fsr-3882	4	1	of	of	ADP
fsr-3882	4	2	the	the	DET
fsr-3882	4	3	18	18	NUM
fsr-3882	4	4	models	model	NOUN
fsr-3882	4	5	tested	test	VERB
fsr-3882	4	6	between	between	ADP
fsr-3882	4	7	1994	1994	NUM
fsr-3882	4	8	and	and	CCONJ
fsr-3882	4	9	1998	1998	NUM
fsr-3882	4	10	,	,	PUNCT
fsr-3882	4	11	those	those	PRON
fsr-3882	4	12	that	that	PRON
fsr-3882	4	13	allow	allow	VERB
fsr-3882	4	14	for	for	ADP
fsr-3882	4	15	selection	selection	NOUN
fsr-3882	4	16	between	between	ADP
fsr-3882	4	17	exchanges	exchange	NOUN
fsr-3882	4	18	yield	yield	VERB
fsr-3882	4	19	portfolio	portfolio	NOUN
fsr-3882	4	20	returns	return	NOUN
fsr-3882	4	21	that	that	PRON
fsr-3882	4	22	significantly	significantly	ADV
fsr-3882	4	23	exceed	exceed	VERB
fsr-3882	4	24	the	the	DET
fsr-3882	4	25	average	average	ADJ
fsr-3882	4	26	market	market	NOUN
fsr-3882	4	27	indices	index	NOUN
fsr-3882	4	28	.	.	PUNCT
fsr-3882	5	1	©	©	PROPN
fsr-3882	5	2	1999	1999	NUM
fsr-3882	5	3	elsevier	elsevier	PROPN
fsr-3882	5	4	science	science	PROPN
fsr-3882	5	5	inc	inc	PROPN
fsr-3882	5	6	.	.	PUNCT
fsr-3882	6	1	all	all	DET
fsr-3882	6	2	rights	right	NOUN
fsr-3882	6	3	reserved	reserve	VERB
fsr-3882	6	4	.	.	PUNCT
fsr-3882	7	1	1	1	X
fsr-3882	7	2	.	.	X
fsr-3882	7	3	introduction	introduction	NOUN
fsr-3882	7	4	stock	stock	NOUN
fsr-3882	7	5	screening	screening	NOUN
fsr-3882	7	6	programs	program	NOUN
fsr-3882	7	7	,	,	PUNCT
fsr-3882	7	8	similar	similar	ADJ
fsr-3882	7	9	to	to	ADP
fsr-3882	7	10	the	the	DET
fsr-3882	7	11	ones	one	NOUN
fsr-3882	7	12	used	use	VERB
fsr-3882	7	13	by	by	ADP
fsr-3882	7	14	professional	professional	ADJ
fsr-3882	7	15	portfolio	portfolio	NOUN
fsr-3882	7	16	managers	manager	NOUN
fsr-3882	7	17	,	,	PUNCT
fsr-3882	7	18	are	be	AUX
fsr-3882	7	19	becoming	become	VERB
fsr-3882	7	20	available	available	ADJ
fsr-3882	7	21	on	on	ADP
fsr-3882	7	22	the	the	DET
fsr-3882	7	23	internet	internet	NOUN
fsr-3882	7	24	at	at	ADP
fsr-3882	7	25	little	little	ADJ
fsr-3882	7	26	or	or	CCONJ
fsr-3882	7	27	no	no	PRON
fsr-3882	7	28	cost	cost	NOUN
fsr-3882	7	29	to	to	ADP
fsr-3882	7	30	the	the	DET
fsr-3882	7	31	individual	individual	ADJ
fsr-3882	7	32	investor	investor	NOUN
fsr-3882	7	33	.	.	PUNCT
fsr-3882	8	1	anderson	anderson	PROPN
fsr-3882	8	2	(	(	PUNCT
fsr-3882	8	3	1998	1998	NUM
fsr-3882	8	4	)	)	PUNCT
fsr-3882	8	5	,	,	PUNCT
fsr-3882	8	6	in	in	ADP
fsr-3882	8	7	an	an	DET
fsr-3882	8	8	article	article	NOUN
fsr-3882	8	9	“	"	PUNCT
fsr-3882	8	10	screening	screen	VERB
fsr-3882	8	11	for	for	ADP
fsr-3882	8	12	investment	investment	NOUN
fsr-3882	8	13	gold	gold	NOUN
fsr-3882	8	14	,	,	PUNCT
fsr-3882	8	15	”	"	PUNCT
fsr-3882	8	16	overviews	overview	NOUN
fsr-3882	8	17	four	four	NUM
fsr-3882	8	18	such	such	ADJ
fsr-3882	8	19	sites	site	NOUN
fsr-3882	8	20	with	with	ADP
fsr-3882	8	21	relatively	relatively	ADV
fsr-3882	8	22	sophisticated	sophisticated	ADJ
fsr-3882	8	23	programs	program	NOUN
fsr-3882	8	24	.	.	PUNCT
fsr-3882	9	1	stock	stock	NOUN
fsr-3882	9	2	screening	screen	VERB
fsr-3882	9	3	programs	program	NOUN
fsr-3882	9	4	make	make	VERB
fsr-3882	9	5	it	it	PRON
fsr-3882	9	6	easier	easy	ADJ
fsr-3882	9	7	and	and	CCONJ
fsr-3882	9	8	quicker	quick	ADV
fsr-3882	9	9	to	to	PART
fsr-3882	9	10	tailor	tailor	VERB
fsr-3882	9	11	a	a	DET
fsr-3882	9	12	portfolio	portfolio	NOUN
fsr-3882	9	13	to	to	PART
fsr-3882	9	14	fit	fit	VERB
fsr-3882	9	15	the	the	DET
fsr-3882	9	16	desired	desire	VERB
fsr-3882	9	17	style	style	NOUN
fsr-3882	9	18	and	and	CCONJ
fsr-3882	9	19	preferences	preference	NOUN
fsr-3882	9	20	of	of	ADP
fsr-3882	9	21	the	the	DET
fsr-3882	9	22	investor	investor	NOUN
fsr-3882	9	23	.	.	PUNCT
fsr-3882	10	1	styles	style	NOUN
fsr-3882	10	2	may	may	AUX
fsr-3882	10	3	range	range	VERB
fsr-3882	10	4	from	from	ADP
fsr-3882	10	5	investing	invest	VERB
fsr-3882	10	6	for	for	ADP
fsr-3882	10	7	value	value	NOUN
fsr-3882	10	8	to	to	ADP
fsr-3882	10	9	growth	growth	NOUN
fsr-3882	10	10	.	.	PUNCT
fsr-3882	11	1	but	but	CCONJ
fsr-3882	11	2	whatever	whatever	PRON
fsr-3882	11	3	the	the	DET
fsr-3882	11	4	style	style	NOUN
fsr-3882	11	5	,	,	PUNCT
fsr-3882	11	6	the	the	DET
fsr-3882	11	7	goal	goal	NOUN
fsr-3882	11	8	is	be	AUX
fsr-3882	11	9	to	to	PART
fsr-3882	11	10	develop	develop	VERB
fsr-3882	11	11	a	a	DET
fsr-3882	11	12	screening	screening	NOUN
fsr-3882	11	13	program	program	NOUN
fsr-3882	11	14	to	to	PART
fsr-3882	11	15	find	find	VERB
fsr-3882	11	16	systematic	systematic	ADJ
fsr-3882	11	17	patterns	pattern	NOUN
fsr-3882	11	18	that	that	PRON
fsr-3882	11	19	will	will	AUX
fsr-3882	11	20	increase	increase	VERB
fsr-3882	11	21	the	the	DET
fsr-3882	11	22	performance	performance	NOUN
fsr-3882	11	23	of	of	ADP
fsr-3882	11	24	a	a	DET
fsr-3882	11	25	portfolio	portfolio	NOUN
fsr-3882	11	26	.	.	PUNCT
fsr-3882	12	1	this	this	DET
fsr-3882	12	2	paper	paper	NOUN
fsr-3882	12	3	investigates	investigate	VERB
fsr-3882	12	4	the	the	DET
fsr-3882	12	5	use	use	NOUN
fsr-3882	12	6	of	of	ADP
fsr-3882	12	7	one	one	NUM
fsr-3882	12	8	highly	highly	ADV
fsr-3882	12	9	ranked	rank	VERB
fsr-3882	12	10	investor	investor	NOUN
fsr-3882	12	11	-	-	PUNCT
fsr-3882	12	12	screening	screen	VERB
fsr-3882	12	13	platform	platform	NOUN
fsr-3882	12	14	from	from	ADP
fsr-3882	12	15	telescan	telescan	NOUN
fsr-3882	12	16	,	,	PUNCT
fsr-3882	12	17	an	an	DET
fsr-3882	12	18	easy	easy	ADJ
fsr-3882	12	19	-	-	PUNCT
fsr-3882	12	20	to	to	ADP
fsr-3882	12	21	-	-	PUNCT
fsr-3882	12	22	use	use	NOUN
fsr-3882	12	23	software	software	NOUN
fsr-3882	12	24	package	package	NOUN
fsr-3882	12	25	that	that	PRON
fsr-3882	12	26	provides	provide	VERB
fsr-3882	12	27	nearly	nearly	ADV
fsr-3882	12	28	300	300	NUM
fsr-3882	12	29	screening	screening	NOUN
fsr-3882	12	30	variables	variable	NOUN
fsr-3882	12	31	that	that	PRON
fsr-3882	12	32	cover	cover	VERB
fsr-3882	12	33	both	both	CCONJ
fsr-3882	12	34	fundamental	fundamental	ADJ
fsr-3882	12	35	and	and	CCONJ
fsr-3882	12	36	technical	technical	ADJ
fsr-3882	12	37	indicators	indicator	NOUN
fsr-3882	12	38	.	.	PUNCT
fsr-3882	13	1	the	the	DET
fsr-3882	13	2	user	user	NOUN
fsr-3882	13	3	can	can	AUX
fsr-3882	13	4	customize	customize	VERB
fsr-3882	13	5	a	a	DET
fsr-3882	13	6	model	model	NOUN
fsr-3882	13	7	to	to	PART
fsr-3882	13	8	include	include	VERB
fsr-3882	13	9	*	*	PUNCT
fsr-3882	13	10	corresponding	correspond	VERB
fsr-3882	13	11	author	author	NOUN
fsr-3882	13	12	.	.	PUNCT
fsr-3882	14	1	tel.:11	tel.:11	ADJ
fsr-3882	14	2	-	-	PUNCT
fsr-3882	14	3	716	716	NUM
fsr-3882	14	4	-	-	SYM
fsr-3882	14	5	475	475	NUM
fsr-3882	14	6	-	-	PUNCT
fsr-3882	14	7	2318	2318	NUM
fsr-3882	14	8	;	;	PUNCT
fsr-3882	14	9	fax:11	fax:11	NOUN
fsr-3882	14	10	-	-	PUNCT
fsr-3882	14	11	716	716	NUM
fsr-3882	14	12	-	-	SYM
fsr-3882	14	13	475	475	NUM
fsr-3882	14	14	-	-	PUNCT
fsr-3882	14	15	6920	6920	NUM
fsr-3882	14	16	.	.	PUNCT
fsr-3882	15	1	e	e	X
fsr-3882	15	2	-	-	NOUN
fsr-3882	15	3	mail	mail	NOUN
fsr-3882	15	4	address:scgbbu@rit.edu	address:scgbbu@rit.edu	PROPN
fsr-3882	15	5	(	(	PUNCT
fsr-3882	15	6	s.c	s.c	PROPN
fsr-3882	15	7	.	.	PROPN
fsr-3882	15	8	gold	gold	NOUN
fsr-3882	15	9	)	)	PUNCT
fsr-3882	15	10	financial	financial	ADJ
fsr-3882	15	11	services	service	NOUN
fsr-3882	15	12	review	review	VERB
fsr-3882	15	13	8	8	NUM
fsr-3882	15	14	(	(	PUNCT
fsr-3882	15	15	1999	1999	NUM
fsr-3882	15	16	)	)	PUNCT
fsr-3882	15	17	61–70	61–70	PROPN
fsr-3882	15	18	1057	1057	NUM
fsr-3882	15	19	-	-	SYM
fsr-3882	15	20	0810/99/$	0810/99/$	NUM
fsr-3882	15	21	–	–	PUNCT
fsr-3882	15	22	see	see	VERB
fsr-3882	15	23	front	front	ADJ
fsr-3882	15	24	matter	matter	NOUN
fsr-3882	16	1	©	©	PROPN
fsr-3882	16	2	1999	1999	NUM
fsr-3882	16	3	elsevier	elsevier	PROPN
fsr-3882	16	4	science	science	PROPN
fsr-3882	16	5	inc	inc	PROPN
fsr-3882	16	6	.	.	PUNCT
fsr-3882	17	1	all	all	DET
fsr-3882	17	2	rights	right	NOUN
fsr-3882	17	3	reserved	reserve	VERB
fsr-3882	17	4	.	.	PUNCT
fsr-3882	18	1	pii	pii	NOUN
fsr-3882	18	2	:	:	PUNCT
fsr-3882	18	3	s1057	s1057	NOUN
fsr-3882	18	4	-	-	PUNCT
fsr-3882	18	5	0810(99)00032	0810(99)00032	NUM
fsr-3882	18	6	-	-	PUNCT
fsr-3882	18	7	3	3	NUM
fsr-3882	18	8	up	up	ADP
fsr-3882	18	9	to	to	PART
fsr-3882	18	10	40	40	NUM
fsr-3882	18	11	different	different	ADJ
fsr-3882	18	12	indicators	indicator	NOUN
fsr-3882	18	13	simultaneously	simultaneously	ADV
fsr-3882	18	14	and	and	CCONJ
fsr-3882	18	15	can	can	AUX
fsr-3882	18	16	scan	scan	VERB
fsr-3882	18	17	on	on	ADP
fsr-3882	18	18	relative	relative	ADJ
fsr-3882	18	19	values	value	NOUN
fsr-3882	18	20	,	,	PUNCT
fsr-3882	18	21	e.g.	e.g.	ADV
fsr-3882	18	22	,	,	PUNCT
fsr-3882	18	23	the	the	DET
fsr-3882	18	24	stocks	stock	NOUN
fsr-3882	18	25	with	with	ADP
fsr-3882	18	26	the	the	DET
fsr-3882	18	27	highest	high	ADJ
fsr-3882	18	28	relative	relative	ADJ
fsr-3882	18	29	strength	strength	NOUN
fsr-3882	18	30	,	,	PUNCT
fsr-3882	18	31	or	or	CCONJ
fsr-3882	18	32	on	on	ADP
fsr-3882	18	33	fundamental	fundamental	ADJ
fsr-3882	18	34	variables	variable	NOUN
fsr-3882	18	35	,	,	PUNCT
fsr-3882	18	36	like	like	ADP
fsr-3882	18	37	earnings	earning	NOUN
fsr-3882	18	38	per	per	ADP
fsr-3882	18	39	share	share	NOUN
fsr-3882	18	40	momentum	momentum	NOUN
fsr-3882	18	41	.	.	PUNCT
fsr-3882	19	1	according	accord	VERB
fsr-3882	19	2	to	to	ADP
fsr-3882	19	3	the	the	DET
fsr-3882	19	4	efficient	efficient	ADJ
fsr-3882	19	5	market	market	NOUN
fsr-3882	19	6	hypothesis	hypothesis	NOUN
fsr-3882	19	7	,	,	PUNCT
fsr-3882	19	8	past	past	SCONJ
fsr-3882	19	9	price	price	NOUN
fsr-3882	19	10	movements	movement	NOUN
fsr-3882	19	11	in	in	ADP
fsr-3882	19	12	a	a	DET
fsr-3882	19	13	competitively	competitively	ADV
fsr-3882	19	14	traded	trade	VERB
fsr-3882	19	15	financial	financial	ADJ
fsr-3882	19	16	market	market	NOUN
fsr-3882	19	17	do	do	AUX
fsr-3882	19	18	not	not	PART
fsr-3882	19	19	help	help	VERB
fsr-3882	19	20	in	in	ADP
fsr-3882	19	21	predicting	predict	VERB
fsr-3882	19	22	future	future	ADJ
fsr-3882	19	23	prices	price	NOUN
fsr-3882	19	24	.	.	PUNCT
fsr-3882	20	1	however	however	ADV
fsr-3882	20	2	,	,	PUNCT
fsr-3882	20	3	many	many	ADJ
fsr-3882	20	4	recent	recent	ADJ
fsr-3882	20	5	articles	article	NOUN
fsr-3882	20	6	question	question	VERB
fsr-3882	20	7	the	the	DET
fsr-3882	20	8	efficient	efficient	ADJ
fsr-3882	20	9	market	market	NOUN
fsr-3882	20	10	hypothesis	hypothesis	NOUN
fsr-3882	20	11	and	and	CCONJ
fsr-3882	20	12	support	support	VERB
fsr-3882	20	13	the	the	DET
fsr-3882	20	14	notion	notion	NOUN
fsr-3882	20	15	that	that	SCONJ
fsr-3882	20	16	stock	stock	NOUN
fsr-3882	20	17	market	market	NOUN
fsr-3882	20	18	excess	excess	ADJ
fsr-3882	20	19	returns	return	NOUN
fsr-3882	20	20	can	can	AUX
fsr-3882	20	21	be	be	AUX
fsr-3882	20	22	predicted	predict	VERB
fsr-3882	20	23	by	by	ADP
fsr-3882	20	24	publicly	publicly	ADV
fsr-3882	20	25	available	available	ADJ
fsr-3882	20	26	information	information	NOUN
fsr-3882	20	27	(	(	PUNCT
fsr-3882	20	28	e.g.	e.g.	ADV
fsr-3882	20	29	,	,	PUNCT
fsr-3882	20	30	see	see	VERB
fsr-3882	20	31	gencay	gencay	NOUN
fsr-3882	20	32	,	,	PUNCT
fsr-3882	20	33	1996	1996	NUM
fsr-3882	20	34	;	;	PUNCT
fsr-3882	20	35	fama	fama	PROPN
fsr-3882	20	36	and	and	CCONJ
fsr-3882	20	37	french	french	ADJ
fsr-3882	20	38	,	,	PUNCT
fsr-3882	20	39	1995	1995	NUM
fsr-3882	20	40	;	;	PUNCT
fsr-3882	20	41	pesaran	pesaran	PROPN
fsr-3882	20	42	and	and	CCONJ
fsr-3882	20	43	timmerman	timmerman	NOUN
fsr-3882	20	44	,	,	PUNCT
fsr-3882	20	45	1995	1995	NUM
fsr-3882	20	46	;	;	PUNCT
fsr-3882	20	47	ferson	ferson	NOUN
fsr-3882	20	48	and	and	CCONJ
fsr-3882	20	49	harvey	harvey	PROPN
fsr-3882	20	50	,	,	PUNCT
fsr-3882	20	51	1993	1993	NUM
fsr-3882	20	52	)	)	PUNCT
fsr-3882	20	53	.	.	PUNCT
fsr-3882	21	1	although	although	SCONJ
fsr-3882	21	2	it	it	PRON
fsr-3882	21	3	is	be	AUX
fsr-3882	21	4	still	still	ADV
fsr-3882	21	5	commonly	commonly	ADV
fsr-3882	21	6	believed	believe	VERB
fsr-3882	21	7	the	the	DET
fsr-3882	21	8	u.s	u.s	PROPN
fsr-3882	21	9	.	.	PROPN
fsr-3882	21	10	stock	stock	NOUN
fsr-3882	21	11	market	market	NOUN
fsr-3882	21	12	is	be	AUX
fsr-3882	21	13	semi	semi	ADJ
fsr-3882	21	14	-	-	ADJ
fsr-3882	21	15	strong	strong	ADJ
fsr-3882	21	16	efficient	efficient	ADJ
fsr-3882	21	17	,	,	PUNCT
fsr-3882	21	18	walker	walker	NOUN
fsr-3882	21	19	and	and	CCONJ
fsr-3882	21	20	hatfield	hatfield	PROPN
fsr-3882	21	21	(	(	PUNCT
fsr-3882	21	22	1996	1996	NUM
fsr-3882	21	23	)	)	PUNCT
fsr-3882	22	1	argue	argue	VERB
fsr-3882	22	2	that	that	SCONJ
fsr-3882	22	3	financial	financial	ADJ
fsr-3882	22	4	research	research	NOUN
fsr-3882	22	5	indicates	indicate	VERB
fsr-3882	22	6	that	that	SCONJ
fsr-3882	22	7	security	security	NOUN
fsr-3882	22	8	prices	price	NOUN
fsr-3882	22	9	do	do	AUX
fsr-3882	22	10	not	not	PART
fsr-3882	22	11	reflect	reflect	VERB
fsr-3882	22	12	all	all	DET
fsr-3882	22	13	publicly	publicly	ADV
fsr-3882	22	14	available	available	ADJ
fsr-3882	22	15	information	information	NOUN
fsr-3882	22	16	.	.	PUNCT
fsr-3882	23	1	for	for	ADP
fsr-3882	23	2	this	this	DET
fsr-3882	23	3	reason	reason	NOUN
fsr-3882	23	4	,	,	PUNCT
fsr-3882	23	5	investors	investor	NOUN
fsr-3882	23	6	may	may	AUX
fsr-3882	23	7	find	find	VERB
fsr-3882	23	8	it	it	PRON
fsr-3882	23	9	worthwhile	worthwhile	ADJ
fsr-3882	23	10	to	to	PART
fsr-3882	23	11	use	use	VERB
fsr-3882	23	12	computerized	computerized	ADJ
fsr-3882	23	13	screening	screening	NOUN
fsr-3882	23	14	programs	program	NOUN
fsr-3882	23	15	that	that	PRON
fsr-3882	23	16	take	take	VERB
fsr-3882	23	17	advantage	advantage	NOUN
fsr-3882	23	18	of	of	ADP
fsr-3882	23	19	large	large	ADJ
fsr-3882	23	20	databases	database	NOUN
fsr-3882	23	21	and	and	CCONJ
fsr-3882	23	22	advances	advance	NOUN
fsr-3882	23	23	in	in	ADP
fsr-3882	23	24	information	information	NOUN
fsr-3882	23	25	technology	technology	NOUN
fsr-3882	23	26	to	to	PART
fsr-3882	23	27	efficiently	efficiently	ADV
fsr-3882	23	28	select	select	VERB
fsr-3882	23	29	stocks	stock	NOUN
fsr-3882	23	30	.	.	PUNCT
fsr-3882	24	1	a	a	DET
fsr-3882	24	2	number	number	NOUN
fsr-3882	24	3	of	of	ADP
fsr-3882	24	4	studies	study	NOUN
fsr-3882	24	5	on	on	ADP
fsr-3882	24	6	the	the	DET
fsr-3882	24	7	profitability	profitability	NOUN
fsr-3882	24	8	of	of	ADP
fsr-3882	24	9	filter	filter	NOUN
fsr-3882	24	10	rules	rule	NOUN
fsr-3882	24	11	on	on	ADP
fsr-3882	24	12	exchange	exchange	NOUN
fsr-3882	24	13	rates	rate	NOUN
fsr-3882	24	14	lend	lend	VERB
fsr-3882	24	15	credibility	credibility	NOUN
fsr-3882	24	16	to	to	ADP
fsr-3882	24	17	this	this	DET
fsr-3882	24	18	hypothesis	hypothesis	NOUN
fsr-3882	24	19	(	(	PUNCT
fsr-3882	24	20	e.g.	e.g.	ADV
fsr-3882	24	21	,	,	PUNCT
fsr-3882	24	22	levich	levich	PROPN
fsr-3882	24	23	and	and	CCONJ
fsr-3882	24	24	thomas	thomas	PROPN
fsr-3882	24	25	,	,	PUNCT
fsr-3882	24	26	1993	1993	NUM
fsr-3882	24	27	;	;	PUNCT
fsr-3882	24	28	taylor	taylor	PROPN
fsr-3882	24	29	,	,	PUNCT
fsr-3882	24	30	1994	1994	NUM
fsr-3882	24	31	)	)	PUNCT
fsr-3882	24	32	.	.	PUNCT
fsr-3882	25	1	financial	financial	ADJ
fsr-3882	25	2	gains	gain	NOUN
fsr-3882	25	3	from	from	ADP
fsr-3882	25	4	the	the	DET
fsr-3882	25	5	use	use	NOUN
fsr-3882	25	6	of	of	ADP
fsr-3882	25	7	computerized	computerized	ADJ
fsr-3882	25	8	screening	screening	NOUN
fsr-3882	25	9	programs	program	NOUN
fsr-3882	25	10	are	be	AUX
fsr-3882	25	11	consistent	consistent	ADJ
fsr-3882	25	12	with	with	ADP
fsr-3882	25	13	the	the	DET
fsr-3882	25	14	weak	weak	ADJ
fsr-3882	25	15	form	form	NOUN
fsr-3882	25	16	of	of	ADP
fsr-3882	25	17	the	the	DET
fsr-3882	25	18	efficient	efficient	ADJ
fsr-3882	25	19	market	market	NOUN
fsr-3882	25	20	hypothesis	hypothesis	NOUN
fsr-3882	25	21	offered	offer	VERB
fsr-3882	25	22	by	by	ADP
fsr-3882	25	23	jensen	jensen	PROPN
fsr-3882	25	24	(	(	PUNCT
fsr-3882	25	25	1978	1978	NUM
fsr-3882	25	26	)	)	PUNCT
fsr-3882	25	27	,	,	PUNCT
fsr-3882	25	28	i.e.	i.e.	X
fsr-3882	25	29	,	,	PUNCT
fsr-3882	25	30	prices	price	NOUN
fsr-3882	25	31	reflect	reflect	VERB
fsr-3882	25	32	information	information	NOUN
fsr-3882	25	33	up	up	ADP
fsr-3882	25	34	to	to	ADP
fsr-3882	25	35	the	the	DET
fsr-3882	25	36	point	point	NOUN
fsr-3882	25	37	where	where	SCONJ
fsr-3882	25	38	the	the	DET
fsr-3882	25	39	marginal	marginal	ADJ
fsr-3882	25	40	benefits	benefit	NOUN
fsr-3882	25	41	equal	equal	VERB
fsr-3882	25	42	the	the	DET
fsr-3882	25	43	marginal	marginal	ADJ
fsr-3882	25	44	costs	cost	NOUN
fsr-3882	25	45	of	of	ADP
fsr-3882	25	46	the	the	DET
fsr-3882	25	47	information	information	NOUN
fsr-3882	25	48	.	.	PUNCT
fsr-3882	26	1	the	the	DET
fsr-3882	26	2	marginal	marginal	ADJ
fsr-3882	26	3	costs	cost	NOUN
fsr-3882	26	4	of	of	ADP
fsr-3882	26	5	making	make	VERB
fsr-3882	26	6	informed	informed	ADJ
fsr-3882	26	7	investment	investment	NOUN
fsr-3882	26	8	decisions	decision	NOUN
fsr-3882	26	9	have	have	AUX
fsr-3882	26	10	been	be	AUX
fsr-3882	26	11	declining	decline	VERB
fsr-3882	26	12	significantly	significantly	ADV
fsr-3882	26	13	due	due	ADJ
fsr-3882	26	14	to	to	ADP
fsr-3882	26	15	high	high	ADJ
fsr-3882	26	16	-	-	PUNCT
fsr-3882	26	17	speed	speed	NOUN
fsr-3882	26	18	and	and	CCONJ
fsr-3882	26	19	low	low	ADJ
fsr-3882	26	20	-	-	PUNCT
fsr-3882	26	21	cost	cost	NOUN
fsr-3882	26	22	computer	computer	NOUN
fsr-3882	26	23	technology	technology	NOUN
fsr-3882	26	24	.	.	PUNCT
fsr-3882	27	1	this	this	DET
fsr-3882	27	2	lower	low	ADJ
fsr-3882	27	3	marginal	marginal	ADJ
fsr-3882	27	4	cost	cost	NOUN
fsr-3882	27	5	may	may	AUX
fsr-3882	27	6	account	account	VERB
fsr-3882	27	7	for	for	ADP
fsr-3882	27	8	the	the	DET
fsr-3882	27	9	increase	increase	NOUN
fsr-3882	27	10	in	in	ADP
fsr-3882	27	11	short	short	ADJ
fsr-3882	27	12	-	-	PUNCT
fsr-3882	27	13	term	term	NOUN
fsr-3882	27	14	speculative	speculative	ADJ
fsr-3882	27	15	trading	trading	NOUN
fsr-3882	27	16	by	by	ADP
fsr-3882	27	17	individual	individual	ADJ
fsr-3882	27	18	investors	investor	NOUN
fsr-3882	27	19	.	.	PUNCT
fsr-3882	28	1	the	the	DET
fsr-3882	28	2	recent	recent	ADJ
fsr-3882	28	3	literature	literature	NOUN
fsr-3882	28	4	clearly	clearly	ADV
fsr-3882	28	5	indicates	indicate	VERB
fsr-3882	28	6	that	that	SCONJ
fsr-3882	28	7	benefits	benefit	NOUN
fsr-3882	28	8	,	,	PUNCT
fsr-3882	28	9	in	in	ADP
fsr-3882	28	10	the	the	DET
fsr-3882	28	11	form	form	NOUN
fsr-3882	28	12	of	of	ADP
fsr-3882	28	13	excess	excess	ADJ
fsr-3882	28	14	returns	return	NOUN
fsr-3882	28	15	,	,	PUNCT
fsr-3882	28	16	can	can	AUX
fsr-3882	28	17	be	be	AUX
fsr-3882	28	18	realized	realize	VERB
fsr-3882	28	19	by	by	ADP
fsr-3882	28	20	taking	take	VERB
fsr-3882	28	21	advantage	advantage	NOUN
fsr-3882	28	22	of	of	ADP
fsr-3882	28	23	systematic	systematic	ADJ
fsr-3882	28	24	patterns	pattern	NOUN
fsr-3882	28	25	that	that	PRON
fsr-3882	28	26	seem	seem	VERB
fsr-3882	28	27	to	to	PART
fsr-3882	28	28	exist	exist	VERB
fsr-3882	28	29	in	in	ADP
fsr-3882	28	30	the	the	DET
fsr-3882	28	31	stock	stock	NOUN
fsr-3882	28	32	market	market	NOUN
fsr-3882	28	33	,	,	PUNCT
fsr-3882	28	34	e.g.	e.g.	ADV
fsr-3882	28	35	,	,	PUNCT
fsr-3882	28	36	reaction	reaction	NOUN
fsr-3882	28	37	and	and	CCONJ
fsr-3882	28	38	drift	drift	NOUN
fsr-3882	28	39	effects	effect	NOUN
fsr-3882	28	40	,	,	PUNCT
fsr-3882	28	41	earnings	earning	NOUN
fsr-3882	28	42	and	and	CCONJ
fsr-3882	28	43	forecast	forecast	NOUN
fsr-3882	28	44	surprise	surprise	NOUN
fsr-3882	28	45	effects	effect	NOUN
fsr-3882	28	46	,	,	PUNCT
fsr-3882	28	47	and	and	CCONJ
fsr-3882	28	48	performance	performance	NOUN
fsr-3882	28	49	persistence	persistence	NOUN
fsr-3882	28	50	.	.	PUNCT
fsr-3882	29	1	a	a	DET
fsr-3882	29	2	well	well	ADV
fsr-3882	29	3	-	-	PUNCT
fsr-3882	29	4	known	know	VERB
fsr-3882	29	5	study	study	NOUN
fsr-3882	29	6	by	by	ADP
fsr-3882	29	7	jegadeesh	jegadeesh	NOUN
fsr-3882	29	8	and	and	CCONJ
fsr-3882	29	9	titman	titman	NOUN
fsr-3882	29	10	(	(	PUNCT
fsr-3882	29	11	1993	1993	NUM
fsr-3882	29	12	)	)	PUNCT
fsr-3882	29	13	,	,	PUNCT
fsr-3882	29	14	for	for	ADP
fsr-3882	29	15	example	example	NOUN
fsr-3882	29	16	,	,	PUNCT
fsr-3882	29	17	documents	document	NOUN
fsr-3882	29	18	that	that	PRON
fsr-3882	29	19	investment	investment	NOUN
fsr-3882	29	20	strategies	strategy	NOUN
fsr-3882	29	21	which	which	PRON
fsr-3882	29	22	buy	buy	VERB
fsr-3882	29	23	stocks	stock	NOUN
fsr-3882	29	24	that	that	PRON
fsr-3882	29	25	have	have	AUX
fsr-3882	29	26	performed	perform	VERB
fsr-3882	29	27	well	well	ADV
fsr-3882	29	28	in	in	ADP
fsr-3882	29	29	the	the	DET
fsr-3882	29	30	past	past	NOUN
fsr-3882	29	31	and	and	CCONJ
fsr-3882	29	32	sell	sell	VERB
fsr-3882	29	33	stocks	stock	NOUN
fsr-3882	29	34	that	that	PRON
fsr-3882	29	35	have	have	AUX
fsr-3882	29	36	performed	perform	VERB
fsr-3882	29	37	poorly	poorly	ADV
fsr-3882	29	38	in	in	ADP
fsr-3882	29	39	the	the	DET
fsr-3882	29	40	past	past	NOUN
fsr-3882	29	41	generate	generate	VERB
fsr-3882	29	42	significant	significant	ADJ
fsr-3882	29	43	positive	positive	ADJ
fsr-3882	29	44	returns	return	NOUN
fsr-3882	29	45	over	over	ADP
fsr-3882	29	46	3	3	NUM
fsr-3882	29	47	to	to	PART
fsr-3882	29	48	12	12	NUM
fsr-3882	29	49	month	month	NOUN
fsr-3882	29	50	holding	hold	VERB
fsr-3882	29	51	periods	period	NOUN
fsr-3882	29	52	.	.	PUNCT
fsr-3882	30	1	this	this	DET
fsr-3882	30	2	outcome	outcome	NOUN
fsr-3882	30	3	is	be	AUX
fsr-3882	30	4	consistent	consistent	ADJ
fsr-3882	30	5	with	with	ADP
fsr-3882	30	6	delayed	delay	VERB
fsr-3882	30	7	price	price	NOUN
fsr-3882	30	8	reactions	reaction	NOUN
fsr-3882	30	9	to	to	ADP
fsr-3882	30	10	firm	firm	ADJ
fsr-3882	30	11	-	-	PUNCT
fsr-3882	30	12	specific	specific	ADJ
fsr-3882	30	13	information	information	NOUN
fsr-3882	30	14	.	.	PUNCT
fsr-3882	31	1	the	the	DET
fsr-3882	31	2	following	follow	VERB
fsr-3882	31	3	sections	section	NOUN
fsr-3882	31	4	involve	involve	VERB
fsr-3882	31	5	:	:	PUNCT
fsr-3882	31	6	(	(	PUNCT
fsr-3882	31	7	1	1	X
fsr-3882	31	8	)	)	PUNCT
fsr-3882	31	9	reviewing	review	VERB
fsr-3882	31	10	investment	investment	NOUN
fsr-3882	31	11	strategies	strategy	NOUN
fsr-3882	31	12	for	for	ADP
fsr-3882	31	13	portfolio	portfolio	NOUN
fsr-3882	31	14	selection	selection	NOUN
fsr-3882	31	15	that	that	PRON
fsr-3882	31	16	have	have	AUX
fsr-3882	31	17	been	be	AUX
fsr-3882	31	18	shown	show	VERB
fsr-3882	31	19	to	to	PART
fsr-3882	31	20	yield	yield	VERB
fsr-3882	31	21	superior	superior	ADJ
fsr-3882	31	22	returns	return	NOUN
fsr-3882	31	23	;	;	PUNCT
fsr-3882	31	24	(	(	PUNCT
fsr-3882	31	25	2	2	X
fsr-3882	31	26	)	)	PUNCT
fsr-3882	31	27	combining	combine	VERB
fsr-3882	31	28	these	these	DET
fsr-3882	31	29	superior	superior	ADJ
fsr-3882	31	30	strategies	strategy	NOUN
fsr-3882	31	31	in	in	ADP
fsr-3882	31	32	a	a	DET
fsr-3882	31	33	screening	screening	NOUN
fsr-3882	31	34	model	model	NOUN
fsr-3882	31	35	to	to	PART
fsr-3882	31	36	explore	explore	VERB
fsr-3882	31	37	the	the	DET
fsr-3882	31	38	possibility	possibility	NOUN
fsr-3882	31	39	of	of	ADP
fsr-3882	31	40	any	any	DET
fsr-3882	31	41	synergy	synergy	NOUN
fsr-3882	31	42	gains	gain	NOUN
fsr-3882	31	43	;	;	PUNCT
fsr-3882	31	44	and	and	CCONJ
fsr-3882	31	45	(	(	PUNCT
fsr-3882	31	46	3	3	X
fsr-3882	31	47	)	)	PUNCT
fsr-3882	31	48	testing	test	VERB
fsr-3882	31	49	the	the	DET
fsr-3882	31	50	model	model	NOUN
fsr-3882	31	51	to	to	PART
fsr-3882	31	52	assess	assess	VERB
fsr-3882	31	53	its	its	PRON
fsr-3882	31	54	performance	performance	NOUN
fsr-3882	31	55	relative	relative	ADJ
fsr-3882	31	56	to	to	ADP
fsr-3882	31	57	the	the	DET
fsr-3882	31	58	market	market	NOUN
fsr-3882	31	59	indices	index	NOUN
fsr-3882	31	60	.	.	PUNCT
fsr-3882	32	1	2	2	X
fsr-3882	32	2	.	.	X
fsr-3882	32	3	promising	promise	VERB
fsr-3882	32	4	investment	investment	NOUN
fsr-3882	32	5	strategies	strategy	NOUN
fsr-3882	32	6	a	a	DET
fsr-3882	32	7	review	review	NOUN
fsr-3882	32	8	of	of	ADP
fsr-3882	32	9	the	the	DET
fsr-3882	32	10	recent	recent	ADJ
fsr-3882	32	11	finance	finance	NOUN
fsr-3882	32	12	literature	literature	NOUN
fsr-3882	32	13	identifies	identify	VERB
fsr-3882	32	14	several	several	ADJ
fsr-3882	32	15	causal	causal	ADJ
fsr-3882	32	16	variables	variable	NOUN
fsr-3882	32	17	predicting	predict	VERB
fsr-3882	32	18	excess	excess	ADJ
fsr-3882	32	19	returns	return	NOUN
fsr-3882	32	20	in	in	ADP
fsr-3882	32	21	the	the	DET
fsr-3882	32	22	market	market	NOUN
fsr-3882	32	23	.	.	PUNCT
fsr-3882	33	1	this	this	DET
fsr-3882	33	2	section	section	NOUN
fsr-3882	33	3	will	will	AUX
fsr-3882	33	4	discuss	discuss	VERB
fsr-3882	33	5	these	these	DET
fsr-3882	33	6	factors	factor	NOUN
fsr-3882	33	7	and	and	CCONJ
fsr-3882	33	8	their	their	PRON
fsr-3882	33	9	implications	implication	NOUN
fsr-3882	33	10	for	for	ADP
fsr-3882	33	11	use	use	NOUN
fsr-3882	33	12	in	in	ADP
fsr-3882	33	13	a	a	DET
fsr-3882	33	14	stock	stock	NOUN
fsr-3882	33	15	-	-	PUNCT
fsr-3882	33	16	screening	screen	VERB
fsr-3882	33	17	model	model	NOUN
fsr-3882	33	18	.	.	PUNCT
fsr-3882	34	1	2.1	2.1	NUM
fsr-3882	34	2	.	.	PUNCT
fsr-3882	34	3	price	price	NOUN
fsr-3882	34	4	/	/	SYM
fsr-3882	34	5	sales	sale	NOUN
fsr-3882	34	6	ratios	ratio	NOUN
fsr-3882	34	7	researchers	researcher	NOUN
fsr-3882	34	8	have	have	AUX
fsr-3882	34	9	studied	study	VERB
fsr-3882	34	10	several	several	ADJ
fsr-3882	34	11	indicators	indicator	NOUN
fsr-3882	34	12	to	to	PART
fsr-3882	34	13	identify	identify	VERB
fsr-3882	34	14	undervalued	undervalued	ADJ
fsr-3882	34	15	stock	stock	NOUN
fsr-3882	34	16	and	and	CCONJ
fsr-3882	34	17	predict	predict	VERB
fsr-3882	34	18	excess	excess	ADJ
fsr-3882	34	19	returns	return	NOUN
fsr-3882	34	20	.	.	PUNCT
fsr-3882	35	1	these	these	PRON
fsr-3882	35	2	include	include	VERB
fsr-3882	35	3	relatively	relatively	ADV
fsr-3882	35	4	low	low	ADJ
fsr-3882	35	5	values	value	NOUN
fsr-3882	35	6	for	for	ADP
fsr-3882	35	7	price	price	NOUN
fsr-3882	35	8	-	-	PUNCT
fsr-3882	35	9	to	to	ADP
fsr-3882	35	10	-	-	PUNCT
fsr-3882	35	11	earnings	earning	NOUN
fsr-3882	35	12	,	,	PUNCT
fsr-3882	35	13	price	price	NOUN
fsr-3882	35	14	-	-	PUNCT
fsr-3882	35	15	to	to	ADP
fsr-3882	35	16	-	-	PUNCT
fsr-3882	35	17	book	book	NOUN
fsr-3882	35	18	,	,	PUNCT
fsr-3882	35	19	and	and	CCONJ
fsr-3882	35	20	62	62	NUM
fsr-3882	35	21	s.c	s.c	PROPN
fsr-3882	35	22	.	.	PROPN
fsr-3882	35	23	gold	gold	NOUN
fsr-3882	35	24	,	,	PUNCT
fsr-3882	35	25	p.	p.	NOUN
fsr-3882	35	26	lebowitz	lebowitz	PROPN
fsr-3882	35	27	/	/	SYM
fsr-3882	35	28	financial	financial	ADJ
fsr-3882	35	29	services	service	NOUN
fsr-3882	35	30	review	review	VERB
fsr-3882	35	31	8	8	NUM
fsr-3882	35	32	(	(	PUNCT
fsr-3882	35	33	1999	1999	NUM
fsr-3882	35	34	)	)	PUNCT
fsr-3882	35	35	61–70	61–70	NOUN
fsr-3882	35	36	price	price	NOUN
fsr-3882	35	37	-	-	PUNCT
fsr-3882	35	38	to	to	ADP
fsr-3882	35	39	-	-	PUNCT
fsr-3882	35	40	sales	sale	NOUN
fsr-3882	35	41	ratios	ratio	NOUN
fsr-3882	35	42	.	.	PUNCT
fsr-3882	36	1	these	these	DET
fsr-3882	36	2	researchers	researcher	NOUN
fsr-3882	36	3	argue	argue	VERB
fsr-3882	36	4	that	that	SCONJ
fsr-3882	36	5	stocks	stock	NOUN
fsr-3882	36	6	that	that	PRON
fsr-3882	36	7	have	have	VERB
fsr-3882	36	8	low	low	ADJ
fsr-3882	36	9	values	value	NOUN
fsr-3882	36	10	for	for	ADP
fsr-3882	36	11	these	these	DET
fsr-3882	36	12	measures	measure	NOUN
fsr-3882	36	13	are	be	AUX
fsr-3882	36	14	not	not	PART
fsr-3882	36	15	currently	currently	ADV
fsr-3882	36	16	popular	popular	ADJ
fsr-3882	36	17	with	with	ADP
fsr-3882	36	18	investors	investor	NOUN
fsr-3882	36	19	and	and	CCONJ
fsr-3882	36	20	create	create	VERB
fsr-3882	36	21	a	a	DET
fsr-3882	36	22	potential	potential	NOUN
fsr-3882	36	23	for	for	ADP
fsr-3882	36	24	greater	great	ADJ
fsr-3882	36	25	price	price	NOUN
fsr-3882	36	26	appreciation	appreciation	NOUN
fsr-3882	36	27	.	.	PUNCT
fsr-3882	37	1	recent	recent	ADJ
fsr-3882	37	2	evidence	evidence	NOUN
fsr-3882	37	3	suggests	suggest	VERB
fsr-3882	37	4	the	the	DET
fsr-3882	37	5	sales	sale	NOUN
fsr-3882	37	6	-	-	PUNCT
fsr-3882	37	7	to	to	ADP
fsr-3882	37	8	-	-	PUNCT
fsr-3882	37	9	price	price	NOUN
fsr-3882	37	10	ratio	ratio	NOUN
fsr-3882	37	11	is	be	AUX
fsr-3882	37	12	a	a	DET
fsr-3882	37	13	more	more	ADV
fsr-3882	37	14	reliable	reliable	ADJ
fsr-3882	37	15	indicator	indicator	NOUN
fsr-3882	37	16	than	than	ADP
fsr-3882	37	17	other	other	ADJ
fsr-3882	37	18	measures	measure	NOUN
fsr-3882	37	19	of	of	ADP
fsr-3882	37	20	undervalued	undervalued	ADJ
fsr-3882	37	21	stock	stock	NOUN
fsr-3882	37	22	,	,	PUNCT
fsr-3882	37	23	so	so	SCONJ
fsr-3882	37	24	this	this	DET
fsr-3882	37	25	ratio	ratio	NOUN
fsr-3882	37	26	is	be	AUX
fsr-3882	37	27	utilized	utilize	VERB
fsr-3882	37	28	in	in	ADP
fsr-3882	37	29	the	the	DET
fsr-3882	37	30	screening	screening	NOUN
fsr-3882	37	31	model	model	NOUN
fsr-3882	37	32	in	in	ADP
fsr-3882	37	33	this	this	DET
fsr-3882	37	34	study	study	NOUN
fsr-3882	37	35	.	.	PUNCT
fsr-3882	38	1	barbee	barbee	VERB
fsr-3882	38	2	et	et	PROPN
fsr-3882	38	3	al	al	PROPN
fsr-3882	38	4	.	.	PROPN
fsr-3882	38	5	,	,	PUNCT
fsr-3882	38	6	(	(	PUNCT
fsr-3882	38	7	1996	1996	NUM
fsr-3882	38	8	)	)	PUNCT
fsr-3882	38	9	offers	offer	VERB
fsr-3882	38	10	three	three	NUM
fsr-3882	38	11	reasons	reason	NOUN
fsr-3882	38	12	why	why	SCONJ
fsr-3882	38	13	the	the	DET
fsr-3882	38	14	sales	sale	NOUN
fsr-3882	38	15	-	-	PUNCT
fsr-3882	38	16	to	to	ADP
fsr-3882	38	17	-	-	PUNCT
fsr-3882	38	18	price	price	NOUN
fsr-3882	38	19	ratio	ratio	NOUN
fsr-3882	38	20	may	may	AUX
fsr-3882	38	21	be	be	AUX
fsr-3882	38	22	a	a	DET
fsr-3882	38	23	more	more	ADV
fsr-3882	38	24	reliable	reliable	ADJ
fsr-3882	38	25	predictor	predictor	NOUN
fsr-3882	38	26	for	for	ADP
fsr-3882	38	27	stock	stock	NOUN
fsr-3882	38	28	returns	return	NOUN
fsr-3882	38	29	than	than	ADP
fsr-3882	38	30	p	p	PROPN
fsr-3882	38	31	/	/	SYM
fsr-3882	38	32	e	e	NOUN
fsr-3882	38	33	ratios	ratio	NOUN
fsr-3882	38	34	.	.	PUNCT
fsr-3882	39	1	first	first	ADV
fsr-3882	39	2	,	,	PUNCT
fsr-3882	39	3	annual	annual	ADJ
fsr-3882	39	4	sales	sale	NOUN
fsr-3882	39	5	historically	historically	ADV
fsr-3882	39	6	are	be	AUX
fsr-3882	39	7	a	a	DET
fsr-3882	39	8	better	well	ADJ
fsr-3882	39	9	indicator	indicator	NOUN
fsr-3882	39	10	of	of	ADP
fsr-3882	39	11	long	long	ADV
fsr-3882	39	12	-	-	PUNCT
fsr-3882	39	13	run	run	NOUN
fsr-3882	39	14	expected	expect	VERB
fsr-3882	39	15	profits	profit	NOUN
fsr-3882	39	16	than	than	ADP
fsr-3882	39	17	current	current	ADJ
fsr-3882	39	18	reported	report	VERB
fsr-3882	39	19	profits	profit	NOUN
fsr-3882	39	20	.	.	PUNCT
fsr-3882	40	1	second	second	ADJ
fsr-3882	40	2	,	,	PUNCT
fsr-3882	40	3	earnings	earning	NOUN
fsr-3882	40	4	are	be	AUX
fsr-3882	40	5	more	more	ADV
fsr-3882	40	6	likely	likely	ADJ
fsr-3882	40	7	to	to	PART
fsr-3882	40	8	be	be	AUX
fsr-3882	40	9	affected	affect	VERB
fsr-3882	40	10	by	by	ADP
fsr-3882	40	11	short	short	ADJ
fsr-3882	40	12	-	-	PUNCT
fsr-3882	40	13	term	term	NOUN
fsr-3882	40	14	policies	policy	NOUN
fsr-3882	40	15	than	than	ADP
fsr-3882	40	16	sales	sale	NOUN
fsr-3882	40	17	revenues	revenue	NOUN
fsr-3882	40	18	.	.	PUNCT
fsr-3882	41	1	sales	sale	NOUN
fsr-3882	41	2	figures	figure	NOUN
fsr-3882	41	3	tend	tend	VERB
fsr-3882	41	4	to	to	PART
fsr-3882	41	5	be	be	AUX
fsr-3882	41	6	less	less	ADV
fsr-3882	41	7	subject	subject	ADJ
fsr-3882	41	8	to	to	ADP
fsr-3882	41	9	manipulation	manipulation	NOUN
fsr-3882	41	10	.	.	PUNCT
fsr-3882	42	1	third	third	ADJ
fsr-3882	42	2	,	,	PUNCT
fsr-3882	42	3	sales	sale	NOUN
fsr-3882	42	4	-	-	PUNCT
fsr-3882	42	5	to	to	ADP
fsr-3882	42	6	-	-	PUNCT
fsr-3882	42	7	price	price	NOUN
fsr-3882	42	8	can	can	AUX
fsr-3882	42	9	not	not	PART
fsr-3882	42	10	have	have	VERB
fsr-3882	42	11	negative	negative	ADJ
fsr-3882	42	12	values	value	NOUN
fsr-3882	42	13	as	as	SCONJ
fsr-3882	42	14	can	can	AUX
fsr-3882	42	15	p	p	X
fsr-3882	42	16	/	/	SYM
fsr-3882	42	17	e.	e.	PROPN
fsr-3882	42	18	vandell	vandell	PROPN
fsr-3882	42	19	(	(	PUNCT
fsr-3882	42	20	1986	1986	NUM
fsr-3882	42	21	)	)	PUNCT
fsr-3882	42	22	argues	argue	VERB
fsr-3882	42	23	that	that	SCONJ
fsr-3882	42	24	focusing	focus	VERB
fsr-3882	42	25	primarily	primarily	ADV
fsr-3882	42	26	on	on	ADP
fsr-3882	42	27	p	p	X
fsr-3882	42	28	/	/	SYM
fsr-3882	42	29	e	e	NOUN
fsr-3882	42	30	could	could	AUX
fsr-3882	42	31	result	result	VERB
fsr-3882	42	32	in	in	ADP
fsr-3882	42	33	two	two	NUM
fsr-3882	42	34	types	type	NOUN
fsr-3882	42	35	of	of	ADP
fsr-3882	42	36	investment	investment	NOUN
fsr-3882	42	37	errors	error	NOUN
fsr-3882	42	38	:	:	PUNCT
fsr-3882	42	39	(	(	PUNCT
fsr-3882	42	40	1	1	X
fsr-3882	42	41	)	)	PUNCT
fsr-3882	42	42	avoiding	avoid	VERB
fsr-3882	42	43	firms	firm	NOUN
fsr-3882	42	44	with	with	ADP
fsr-3882	42	45	low	low	ADJ
fsr-3882	42	46	earnings	earning	NOUN
fsr-3882	42	47	that	that	PRON
fsr-3882	42	48	have	have	VERB
fsr-3882	42	49	a	a	DET
fsr-3882	42	50	temporarily	temporarily	ADV
fsr-3882	42	51	high	high	ADJ
fsr-3882	42	52	p	p	X
fsr-3882	42	53	/	/	SYM
fsr-3882	42	54	e	e	NOUN
fsr-3882	42	55	ratio	ratio	NOUN
fsr-3882	42	56	but	but	CCONJ
fsr-3882	42	57	are	be	AUX
fsr-3882	42	58	expected	expect	VERB
fsr-3882	42	59	to	to	PART
fsr-3882	42	60	grow	grow	VERB
fsr-3882	42	61	profitably	profitably	ADV
fsr-3882	42	62	in	in	ADP
fsr-3882	42	63	the	the	DET
fsr-3882	42	64	future	future	NOUN
fsr-3882	42	65	,	,	PUNCT
fsr-3882	42	66	and	and	CCONJ
fsr-3882	42	67	(	(	PUNCT
fsr-3882	42	68	2	2	X
fsr-3882	42	69	)	)	PUNCT
fsr-3882	42	70	selecting	select	VERB
fsr-3882	42	71	cyclical	cyclical	ADJ
fsr-3882	42	72	stocks	stock	NOUN
fsr-3882	42	73	when	when	SCONJ
fsr-3882	42	74	their	their	PRON
fsr-3882	42	75	p	p	NOUN
fsr-3882	42	76	/	/	SYM
fsr-3882	42	77	e	e	NOUN
fsr-3882	42	78	ratios	ratio	NOUN
fsr-3882	42	79	are	be	AUX
fsr-3882	42	80	low	low	ADJ
fsr-3882	42	81	but	but	CCONJ
fsr-3882	42	82	their	their	PRON
fsr-3882	42	83	profits	profit	NOUN
fsr-3882	42	84	are	be	AUX
fsr-3882	42	85	at	at	ADP
fsr-3882	42	86	their	their	PRON
fsr-3882	42	87	peak	peak	NOUN
fsr-3882	42	88	.	.	PUNCT
fsr-3882	43	1	the	the	DET
fsr-3882	43	2	price	price	NOUN
fsr-3882	43	3	-	-	PUNCT
fsr-3882	43	4	to	to	ADP
fsr-3882	43	5	-	-	PUNCT
fsr-3882	43	6	book	book	NOUN
fsr-3882	43	7	ratio	ratio	NOUN
fsr-3882	43	8	(	(	PUNCT
fsr-3882	43	9	the	the	DET
fsr-3882	43	10	inverse	inverse	NOUN
fsr-3882	43	11	of	of	ADP
fsr-3882	43	12	book	book	NOUN
fsr-3882	43	13	-	-	PUNCT
fsr-3882	43	14	to	to	ADP
fsr-3882	43	15	-	-	PUNCT
fsr-3882	43	16	market	market	NOUN
fsr-3882	43	17	value	value	NOUN
fsr-3882	43	18	)	)	PUNCT
fsr-3882	43	19	has	have	AUX
fsr-3882	43	20	received	receive	VERB
fsr-3882	43	21	some	some	DET
fsr-3882	43	22	attention	attention	NOUN
fsr-3882	43	23	in	in	ADP
fsr-3882	43	24	the	the	DET
fsr-3882	43	25	literature	literature	NOUN
fsr-3882	43	26	,	,	PUNCT
fsr-3882	43	27	but	but	CCONJ
fsr-3882	43	28	the	the	DET
fsr-3882	43	29	reviews	review	NOUN
fsr-3882	43	30	are	be	AUX
fsr-3882	43	31	mixed	mixed	ADJ
fsr-3882	43	32	.	.	PUNCT
fsr-3882	44	1	a	a	DET
fsr-3882	44	2	low	low	ADJ
fsr-3882	44	3	price	price	NOUN
fsr-3882	44	4	-	-	PUNCT
fsr-3882	44	5	to	to	ADP
fsr-3882	44	6	-	-	PUNCT
fsr-3882	44	7	book	book	NOUN
fsr-3882	44	8	ratio	ratio	NOUN
fsr-3882	44	9	may	may	AUX
fsr-3882	44	10	select	select	VERB
fsr-3882	44	11	a	a	DET
fsr-3882	44	12	company	company	NOUN
fsr-3882	44	13	with	with	ADP
fsr-3882	44	14	low	low	ADJ
fsr-3882	44	15	earnings	earning	NOUN
fsr-3882	44	16	prospects	prospect	NOUN
fsr-3882	44	17	and	and	CCONJ
fsr-3882	44	18	greater	great	ADJ
fsr-3882	44	19	risk	risk	NOUN
fsr-3882	44	20	(	(	PUNCT
fsr-3882	44	21	kothari	kothari	PROPN
fsr-3882	44	22	,	,	PUNCT
fsr-3882	44	23	shanken	shanken	VERB
fsr-3882	44	24	,	,	PUNCT
fsr-3882	44	25	and	and	CCONJ
fsr-3882	44	26	sloan	sloan	NOUN
fsr-3882	44	27	,	,	PUNCT
fsr-3882	44	28	1995	1995	NUM
fsr-3882	44	29	)	)	PUNCT
fsr-3882	44	30	.	.	PUNCT
fsr-3882	45	1	2.2	2.2	NUM
fsr-3882	45	2	.	.	PUNCT
fsr-3882	46	1	earnings	earning	NOUN
fsr-3882	46	2	momentum	momentum	NOUN
fsr-3882	46	3	earnings	earning	NOUN
fsr-3882	46	4	prospects	prospect	NOUN
fsr-3882	46	5	are	be	AUX
fsr-3882	46	6	considered	consider	VERB
fsr-3882	46	7	to	to	PART
fsr-3882	46	8	be	be	AUX
fsr-3882	46	9	an	an	DET
fsr-3882	46	10	important	important	ADJ
fsr-3882	46	11	indicator	indicator	NOUN
fsr-3882	46	12	of	of	ADP
fsr-3882	46	13	stock	stock	NOUN
fsr-3882	46	14	returns	return	NOUN
fsr-3882	46	15	.	.	PUNCT
fsr-3882	47	1	a	a	DET
fsr-3882	47	2	study	study	NOUN
fsr-3882	47	3	by	by	ADP
fsr-3882	47	4	vandell	vandell	NOUN
fsr-3882	47	5	(	(	PUNCT
fsr-3882	47	6	1986	1986	NUM
fsr-3882	47	7	)	)	PUNCT
fsr-3882	47	8	develops	develop	VERB
fsr-3882	47	9	a	a	DET
fsr-3882	47	10	screening	screening	NOUN
fsr-3882	47	11	model	model	NOUN
fsr-3882	47	12	for	for	ADP
fsr-3882	47	13	stock	stock	NOUN
fsr-3882	47	14	selection	selection	NOUN
fsr-3882	47	15	based	base	VERB
fsr-3882	47	16	on	on	ADP
fsr-3882	47	17	earnings	earning	NOUN
fsr-3882	47	18	momentum	momentum	NOUN
fsr-3882	47	19	.	.	PUNCT
fsr-3882	48	1	this	this	DET
fsr-3882	48	2	study	study	NOUN
fsr-3882	48	3	finds	find	VERB
fsr-3882	48	4	that	that	SCONJ
fsr-3882	48	5	screening	screen	VERB
fsr-3882	48	6	on	on	ADP
fsr-3882	48	7	low	low	ADJ
fsr-3882	48	8	price	price	NOUN
fsr-3882	48	9	-	-	PUNCT
fsr-3882	48	10	to	to	ADP
fsr-3882	48	11	-	-	PUNCT
fsr-3882	48	12	earnings	earning	NOUN
fsr-3882	48	13	values	value	NOUN
fsr-3882	48	14	would	would	AUX
fsr-3882	48	15	be	be	AUX
fsr-3882	48	16	successful	successful	ADJ
fsr-3882	48	17	in	in	ADP
fsr-3882	48	18	predicting	predict	VERB
fsr-3882	48	19	returns	return	NOUN
fsr-3882	48	20	only	only	ADV
fsr-3882	48	21	if	if	SCONJ
fsr-3882	48	22	earnings	earning	NOUN
fsr-3882	48	23	-	-	PUNCT
fsr-3882	48	24	per	per	ADP
fsr-3882	48	25	-	-	PUNCT
fsr-3882	48	26	share	share	NOUN
fsr-3882	48	27	expectations	expectation	NOUN
fsr-3882	48	28	are	be	AUX
fsr-3882	48	29	high	high	ADJ
fsr-3882	48	30	.	.	PUNCT
fsr-3882	49	1	more	more	ADV
fsr-3882	49	2	recently	recently	ADV
fsr-3882	49	3	,	,	PUNCT
fsr-3882	49	4	tam	tam	PROPN
fsr-3882	49	5	,	,	PUNCT
fsr-3882	49	6	kiang	kiang	PROPN
fsr-3882	49	7	,	,	PUNCT
fsr-3882	49	8	and	and	CCONJ
fsr-3882	49	9	chi	chi	NOUN
fsr-3882	49	10	(	(	PUNCT
fsr-3882	49	11	1991	1991	NUM
fsr-3882	49	12	)	)	PUNCT
fsr-3882	49	13	employ	employ	VERB
fsr-3882	49	14	an	an	DET
fsr-3882	49	15	induction	induction	NOUN
fsr-3882	49	16	methodology	methodology	NOUN
fsr-3882	49	17	to	to	PART
fsr-3882	49	18	analyze	analyze	VERB
fsr-3882	49	19	a	a	DET
fsr-3882	49	20	database	database	NOUN
fsr-3882	49	21	for	for	ADP
fsr-3882	49	22	commonalties	commonalty	NOUN
fsr-3882	49	23	.	.	PUNCT
fsr-3882	50	1	they	they	PRON
fsr-3882	50	2	find	find	VERB
fsr-3882	50	3	changes	change	NOUN
fsr-3882	50	4	in	in	ADP
fsr-3882	50	5	quarterly	quarterly	ADJ
fsr-3882	50	6	earnings	earning	NOUN
fsr-3882	50	7	as	as	ADP
fsr-3882	50	8	one	one	NUM
fsr-3882	50	9	of	of	ADP
fsr-3882	50	10	the	the	DET
fsr-3882	50	11	driving	drive	VERB
fsr-3882	50	12	variables	variable	NOUN
fsr-3882	50	13	predicting	predict	VERB
fsr-3882	50	14	the	the	DET
fsr-3882	50	15	potential	potential	NOUN
fsr-3882	50	16	for	for	ADP
fsr-3882	50	17	excess	excess	ADJ
fsr-3882	50	18	returns	return	NOUN
fsr-3882	50	19	.	.	PUNCT
fsr-3882	51	1	similarly	similarly	ADV
fsr-3882	51	2	,	,	PUNCT
fsr-3882	51	3	harris	harris	PROPN
fsr-3882	51	4	and	and	CCONJ
fsr-3882	51	5	marston	marston	PROPN
fsr-3882	51	6	(	(	PUNCT
fsr-3882	51	7	1994	1994	NUM
fsr-3882	51	8	)	)	PUNCT
fsr-3882	51	9	find	find	VERB
fsr-3882	51	10	it	it	PRON
fsr-3882	51	11	necessary	necessary	ADJ
fsr-3882	51	12	to	to	PART
fsr-3882	51	13	control	control	VERB
fsr-3882	51	14	for	for	ADP
fsr-3882	51	15	earnings	earning	NOUN
fsr-3882	51	16	prospects	prospect	NOUN
fsr-3882	51	17	to	to	PART
fsr-3882	51	18	predict	predict	VERB
fsr-3882	51	19	excess	excess	ADJ
fsr-3882	51	20	returns	return	NOUN
fsr-3882	51	21	.	.	PUNCT
fsr-3882	52	1	earnings	earning	NOUN
fsr-3882	52	2	momentum	momentum	NOUN
fsr-3882	52	3	in	in	ADP
fsr-3882	52	4	this	this	DET
fsr-3882	52	5	study	study	NOUN
fsr-3882	52	6	is	be	AUX
fsr-3882	52	7	measured	measure	VERB
fsr-3882	52	8	as	as	ADP
fsr-3882	52	9	the	the	DET
fsr-3882	52	10	weighted	weighted	ADJ
fsr-3882	52	11	average	average	NOUN
fsr-3882	52	12	of	of	ADP
fsr-3882	52	13	quarterly	quarterly	ADJ
fsr-3882	52	14	growth	growth	NOUN
fsr-3882	52	15	rates	rate	NOUN
fsr-3882	52	16	in	in	ADP
fsr-3882	52	17	earning	earn	VERB
fsr-3882	52	18	per	per	ADP
fsr-3882	52	19	share	share	NOUN
fsr-3882	52	20	(	(	PUNCT
fsr-3882	52	21	eps	eps	PROPN
fsr-3882	52	22	)	)	PUNCT
fsr-3882	52	23	over	over	ADP
fsr-3882	52	24	the	the	DET
fsr-3882	52	25	past	past	ADJ
fsr-3882	52	26	year	year	NOUN
fsr-3882	52	27	.	.	PUNCT
fsr-3882	53	1	the	the	DET
fsr-3882	53	2	recent	recent	ADJ
fsr-3882	53	3	quarters	quarter	NOUN
fsr-3882	53	4	are	be	AUX
fsr-3882	53	5	given	give	VERB
fsr-3882	53	6	the	the	DET
fsr-3882	53	7	most	most	ADJ
fsr-3882	53	8	weight	weight	NOUN
fsr-3882	53	9	.	.	PUNCT
fsr-3882	54	1	2.3	2.3	NUM
fsr-3882	54	2	.	.	PUNCT
fsr-3882	55	1	market	market	NOUN
fsr-3882	55	2	capitalization	capitalization	NOUN
fsr-3882	55	3	several	several	ADJ
fsr-3882	55	4	studies	study	NOUN
fsr-3882	55	5	support	support	VERB
fsr-3882	55	6	an	an	DET
fsr-3882	55	7	inverse	inverse	NOUN
fsr-3882	55	8	relationship	relationship	NOUN
fsr-3882	55	9	between	between	ADP
fsr-3882	55	10	small	small	ADJ
fsr-3882	55	11	firm	firm	ADJ
fsr-3882	55	12	size	size	NOUN
fsr-3882	55	13	or	or	CCONJ
fsr-3882	55	14	market	market	NOUN
fsr-3882	55	15	capitalization	capitalization	NOUN
fsr-3882	55	16	and	and	CCONJ
fsr-3882	55	17	stock	stock	NOUN
fsr-3882	55	18	returns	return	NOUN
fsr-3882	55	19	.	.	PUNCT
fsr-3882	56	1	market	market	NOUN
fsr-3882	56	2	capitalization	capitalization	NOUN
fsr-3882	56	3	is	be	AUX
fsr-3882	56	4	the	the	DET
fsr-3882	56	5	firm	firm	NOUN
fsr-3882	56	6	’s	’s	PART
fsr-3882	56	7	stock	stock	NOUN
fsr-3882	56	8	price	price	NOUN
fsr-3882	56	9	multiplied	multiply	VERB
fsr-3882	56	10	by	by	ADP
fsr-3882	56	11	the	the	DET
fsr-3882	56	12	number	number	NOUN
fsr-3882	56	13	of	of	ADP
fsr-3882	56	14	common	common	ADJ
fsr-3882	56	15	shares	share	NOUN
fsr-3882	56	16	outstanding	outstanding	ADJ
fsr-3882	56	17	.	.	PUNCT
fsr-3882	57	1	lo	lo	NOUN
fsr-3882	57	2	and	and	CCONJ
fsr-3882	57	3	mackinlay	mackinlay	NOUN
fsr-3882	57	4	(	(	PUNCT
fsr-3882	57	5	1988	1988	NUM
fsr-3882	57	6	)	)	PUNCT
fsr-3882	57	7	find	find	VERB
fsr-3882	57	8	positive	positive	ADJ
fsr-3882	57	9	autocorrelation	autocorrelation	NOUN
fsr-3882	57	10	between	between	ADP
fsr-3882	57	11	weekly	weekly	ADJ
fsr-3882	57	12	returns	return	NOUN
fsr-3882	57	13	and	and	CCONJ
fsr-3882	57	14	stock	stock	NOUN
fsr-3882	57	15	portfolios	portfolio	NOUN
fsr-3882	57	16	grouped	group	VERB
fsr-3882	57	17	by	by	ADP
fsr-3882	57	18	size	size	NOUN
fsr-3882	57	19	.	.	PUNCT
fsr-3882	58	1	dennis	dennis	PROPN
fsr-3882	58	2	et	et	PROPN
fsr-3882	58	3	al	al	PROPN
fsr-3882	58	4	.	.	PROPN
fsr-3882	58	5	,	,	PUNCT
fsr-3882	58	6	(	(	PUNCT
fsr-3882	58	7	1995	1995	NUM
fsr-3882	58	8	)	)	PUNCT
fsr-3882	58	9	find	find	VERB
fsr-3882	58	10	a	a	DET
fsr-3882	58	11	significant	significant	ADJ
fsr-3882	58	12	relationship	relationship	NOUN
fsr-3882	58	13	between	between	ADP
fsr-3882	58	14	firm	firm	ADJ
fsr-3882	58	15	size	size	NOUN
fsr-3882	58	16	,	,	PUNCT
fsr-3882	58	17	book	book	NOUN
fsr-3882	58	18	-	-	PUNCT
fsr-3882	58	19	to	to	ADP
fsr-3882	58	20	-	-	PUNCT
fsr-3882	58	21	market	market	NOUN
fsr-3882	58	22	equity	equity	NOUN
fsr-3882	58	23	and	and	CCONJ
fsr-3882	58	24	excess	excess	ADJ
fsr-3882	58	25	returns	return	NOUN
fsr-3882	58	26	.	.	PUNCT
fsr-3882	59	1	the	the	DET
fsr-3882	59	2	optimal	optimal	ADJ
fsr-3882	59	3	portfolios	portfolio	NOUN
fsr-3882	59	4	are	be	AUX
fsr-3882	59	5	those	those	PRON
fsr-3882	59	6	with	with	ADP
fsr-3882	59	7	the	the	DET
fsr-3882	59	8	smallest	small	ADJ
fsr-3882	59	9	firms	firm	NOUN
fsr-3882	59	10	and	and	CCONJ
fsr-3882	59	11	highest	high	ADJ
fsr-3882	59	12	book	book	NOUN
fsr-3882	59	13	-	-	PUNCT
fsr-3882	59	14	to	to	ADP
fsr-3882	59	15	-	-	PUNCT
fsr-3882	59	16	market	market	NOUN
fsr-3882	59	17	equity	equity	NOUN
fsr-3882	59	18	.	.	PUNCT
fsr-3882	60	1	the	the	DET
fsr-3882	60	2	portfolios	portfolio	NOUN
fsr-3882	60	3	with	with	ADP
fsr-3882	60	4	the	the	DET
fsr-3882	60	5	largest	large	ADJ
fsr-3882	60	6	firms	firm	NOUN
fsr-3882	60	7	and	and	CCONJ
fsr-3882	60	8	smallest	small	ADJ
fsr-3882	60	9	book	book	NOUN
fsr-3882	60	10	-	-	PUNCT
fsr-3882	60	11	to	to	ADP
fsr-3882	60	12	-	-	PUNCT
fsr-3882	60	13	market	market	NOUN
fsr-3882	60	14	equity	equity	NOUN
fsr-3882	60	15	underperformed	underperform	VERB
fsr-3882	60	16	the	the	DET
fsr-3882	60	17	market	market	NOUN
fsr-3882	60	18	.	.	PUNCT
fsr-3882	61	1	63s.c	63s.c	NUM
fsr-3882	61	2	.	.	PUNCT
fsr-3882	62	1	gold	gold	NOUN
fsr-3882	62	2	,	,	PUNCT
fsr-3882	62	3	p.	p.	NOUN
fsr-3882	62	4	lebowitz	lebowitz	PROPN
fsr-3882	62	5	/	/	SYM
fsr-3882	62	6	financial	financial	ADJ
fsr-3882	62	7	services	service	NOUN
fsr-3882	62	8	review	review	VERB
fsr-3882	62	9	8	8	NUM
fsr-3882	62	10	(	(	PUNCT
fsr-3882	62	11	1999	1999	NUM
fsr-3882	62	12	)	)	PUNCT
fsr-3882	62	13	61–70	61–70	PROPN
fsr-3882	62	14	2.4	2.4	NUM
fsr-3882	62	15	.	.	PUNCT
fsr-3882	63	1	price	price	NOUN
fsr-3882	63	2	and	and	CCONJ
fsr-3882	63	3	volume	volume	NOUN
fsr-3882	63	4	reactions	reaction	NOUN
fsr-3882	63	5	reinganum	reinganum	VERB
fsr-3882	63	6	(	(	PUNCT
fsr-3882	63	7	1988	1988	NUM
fsr-3882	63	8	)	)	PUNCT
fsr-3882	63	9	identifies	identify	VERB
fsr-3882	63	10	relative	relative	ADJ
fsr-3882	63	11	price	price	NOUN
fsr-3882	63	12	as	as	ADP
fsr-3882	63	13	one	one	NUM
fsr-3882	63	14	of	of	ADP
fsr-3882	63	15	the	the	DET
fsr-3882	63	16	primary	primary	ADJ
fsr-3882	63	17	characteristics	characteristic	NOUN
fsr-3882	63	18	of	of	ADP
fsr-3882	63	19	the	the	DET
fsr-3882	63	20	222	222	NUM
fsr-3882	63	21	stock	stock	NOUN
fsr-3882	63	22	market	market	NOUN
fsr-3882	63	23	winners	winner	NOUN
fsr-3882	63	24	between	between	ADP
fsr-3882	63	25	1970	1970	NUM
fsr-3882	63	26	through	through	ADP
fsr-3882	63	27	1983	1983	NUM
fsr-3882	63	28	.	.	PUNCT
fsr-3882	64	1	relative	relative	ADJ
fsr-3882	64	2	price	price	NOUN
fsr-3882	64	3	performance	performance	NOUN
fsr-3882	64	4	is	be	AUX
fsr-3882	64	5	a	a	DET
fsr-3882	64	6	weighted	weighted	ADJ
fsr-3882	64	7	average	average	ADJ
fsr-3882	64	8	measure	measure	NOUN
fsr-3882	64	9	of	of	ADP
fsr-3882	64	10	past	past	ADJ
fsr-3882	64	11	price	price	NOUN
fsr-3882	64	12	changes	change	NOUN
fsr-3882	64	13	of	of	ADP
fsr-3882	64	14	each	each	DET
fsr-3882	64	15	stock	stock	NOUN
fsr-3882	64	16	in	in	ADP
fsr-3882	64	17	comparison	comparison	NOUN
fsr-3882	64	18	to	to	ADP
fsr-3882	64	19	all	all	DET
fsr-3882	64	20	stocks	stock	NOUN
fsr-3882	64	21	.	.	PUNCT
fsr-3882	65	1	advocates	advocate	NOUN
fsr-3882	65	2	of	of	ADP
fsr-3882	65	3	this	this	DET
fsr-3882	65	4	measure	measure	NOUN
fsr-3882	65	5	contend	contend	VERB
fsr-3882	65	6	that	that	SCONJ
fsr-3882	65	7	a	a	DET
fsr-3882	65	8	stock	stock	NOUN
fsr-3882	65	9	will	will	AUX
fsr-3882	65	10	generally	generally	ADV
fsr-3882	65	11	lose	lose	VERB
fsr-3882	65	12	relative	relative	ADJ
fsr-3882	65	13	strength	strength	NOUN
fsr-3882	65	14	before	before	ADP
fsr-3882	65	15	a	a	DET
fsr-3882	65	16	significant	significant	ADJ
fsr-3882	65	17	drop	drop	NOUN
fsr-3882	65	18	in	in	ADP
fsr-3882	65	19	price	price	NOUN
fsr-3882	65	20	occurs	occur	NOUN
fsr-3882	65	21	.	.	PUNCT
fsr-3882	66	1	relative	relative	ADJ
fsr-3882	66	2	price	price	NOUN
fsr-3882	66	3	strength	strength	NOUN
fsr-3882	66	4	is	be	AUX
fsr-3882	66	5	a	a	DET
fsr-3882	66	6	significant	significant	ADJ
fsr-3882	66	7	factor	factor	NOUN
fsr-3882	66	8	in	in	ADP
fsr-3882	66	9	selecting	select	VERB
fsr-3882	66	10	successful	successful	ADJ
fsr-3882	66	11	stock	stock	NOUN
fsr-3882	66	12	portfolios	portfolio	NOUN
fsr-3882	66	13	in	in	ADP
fsr-3882	66	14	studies	study	NOUN
fsr-3882	66	15	by	by	ADP
fsr-3882	66	16	tam	tam	PROPN
fsr-3882	66	17	,	,	PUNCT
fsr-3882	66	18	kiang	kiang	PROPN
fsr-3882	66	19	,	,	PUNCT
fsr-3882	66	20	and	and	CCONJ
fsr-3882	66	21	chi	chi	NOUN
fsr-3882	66	22	(	(	PUNCT
fsr-3882	66	23	1991	1991	NUM
fsr-3882	66	24	)	)	PUNCT
fsr-3882	66	25	and	and	CCONJ
fsr-3882	66	26	jegadeesh	jegadeesh	NOUN
fsr-3882	66	27	and	and	CCONJ
fsr-3882	66	28	titman	titman	NOUN
fsr-3882	66	29	(	(	PUNCT
fsr-3882	66	30	1993	1993	NUM
fsr-3882	66	31	)	)	PUNCT
fsr-3882	66	32	.	.	PUNCT
fsr-3882	67	1	recent	recent	ADJ
fsr-3882	67	2	studies	study	NOUN
fsr-3882	67	3	suggest	suggest	VERB
fsr-3882	67	4	that	that	SCONJ
fsr-3882	67	5	an	an	DET
fsr-3882	67	6	effective	effective	ADJ
fsr-3882	67	7	investment	investment	NOUN
fsr-3882	67	8	strategy	strategy	NOUN
fsr-3882	67	9	needs	need	VERB
fsr-3882	67	10	to	to	PART
fsr-3882	67	11	examine	examine	VERB
fsr-3882	67	12	movements	movement	NOUN
fsr-3882	67	13	in	in	ADP
fsr-3882	67	14	both	both	DET
fsr-3882	67	15	price	price	NOUN
fsr-3882	67	16	and	and	CCONJ
fsr-3882	67	17	volume	volume	NOUN
fsr-3882	67	18	.	.	PUNCT
fsr-3882	68	1	kim	kim	PROPN
fsr-3882	68	2	and	and	CCONJ
fsr-3882	68	3	verrecchia	verrecchia	PROPN
fsr-3882	68	4	(	(	PUNCT
fsr-3882	68	5	1991	1991	NUM
fsr-3882	68	6	)	)	PUNCT
fsr-3882	68	7	argue	argue	VERB
fsr-3882	68	8	that	that	SCONJ
fsr-3882	68	9	price	price	NOUN
fsr-3882	68	10	changes	change	NOUN
fsr-3882	68	11	are	be	AUX
fsr-3882	68	12	associated	associate	VERB
fsr-3882	68	13	with	with	ADP
fsr-3882	68	14	the	the	DET
fsr-3882	68	15	market’saveragebeliefs	market’saveragebelief	NOUN
fsr-3882	68	16	,	,	PUNCT
fsr-3882	68	17	while	while	SCONJ
fsr-3882	68	18	trading	trading	NOUN
fsr-3882	68	19	volume	volume	NOUN
fsr-3882	68	20	is	be	AUX
fsr-3882	68	21	thesumof	thesumof	NOUN
fsr-3882	68	22	all	all	DET
fsr-3882	68	23	individual	individual	ADJ
fsr-3882	68	24	trades	trade	NOUN
fsr-3882	68	25	.	.	PUNCT
fsr-3882	69	1	hiemstra	hiemstra	PROPN
fsr-3882	69	2	and	and	CCONJ
fsr-3882	69	3	jones	jones	PROPN
fsr-3882	69	4	(	(	PUNCT
fsr-3882	69	5	1994	1994	NUM
fsr-3882	69	6	)	)	PUNCT
fsr-3882	69	7	suggest	suggest	VERB
fsr-3882	69	8	that	that	SCONJ
fsr-3882	69	9	volume	volume	NOUN
fsr-3882	69	10	serves	serve	VERB
fsr-3882	69	11	as	as	ADP
fsr-3882	69	12	a	a	DET
fsr-3882	69	13	proxy	proxy	NOUN
fsr-3882	69	14	for	for	ADP
fsr-3882	69	15	information	information	NOUN
fsr-3882	69	16	flow	flow	NOUN
fsr-3882	69	17	and	and	CCONJ
fsr-3882	69	18	that	that	SCONJ
fsr-3882	69	19	a	a	DET
fsr-3882	69	20	positive	positive	ADJ
fsr-3882	69	21	relationship	relationship	NOUN
fsr-3882	69	22	exists	exist	VERB
fsr-3882	69	23	between	between	ADP
fsr-3882	69	24	trading	trading	NOUN
fsr-3882	69	25	volume	volume	NOUN
fsr-3882	69	26	and	and	CCONJ
fsr-3882	69	27	absolute	absolute	ADJ
fsr-3882	69	28	stock	stock	NOUN
fsr-3882	69	29	returns	return	NOUN
fsr-3882	69	30	.	.	PUNCT
fsr-3882	70	1	stickel	stickel	NOUN
fsr-3882	70	2	and	and	CCONJ
fsr-3882	70	3	verrecchia	verrecchia	PROPN
fsr-3882	70	4	(	(	PUNCT
fsr-3882	70	5	1994	1994	NUM
fsr-3882	70	6	)	)	PUNCT
fsr-3882	70	7	present	present	ADJ
fsr-3882	70	8	evidence	evidence	NOUN
fsr-3882	70	9	that	that	SCONJ
fsr-3882	70	10	price	price	NOUN
fsr-3882	70	11	changes	change	NOUN
fsr-3882	70	12	are	be	AUX
fsr-3882	70	13	more	more	ADV
fsr-3882	70	14	likely	likely	ADJ
fsr-3882	70	15	to	to	PART
fsr-3882	70	16	be	be	AUX
fsr-3882	70	17	reversed	reverse	VERB
fsr-3882	70	18	following	follow	VERB
fsr-3882	70	19	low	low	ADJ
fsr-3882	70	20	trade	trade	NOUN
fsr-3882	70	21	volume	volume	NOUN
fsr-3882	70	22	than	than	ADP
fsr-3882	70	23	high	high	ADJ
fsr-3882	70	24	volume	volume	NOUN
fsr-3882	70	25	.	.	PUNCT
fsr-3882	71	1	they	they	PRON
fsr-3882	71	2	argue	argue	VERB
fsr-3882	71	3	high	high	ADJ
fsr-3882	71	4	volume	volume	NOUN
fsr-3882	71	5	reflects	reflect	VERB
fsr-3882	71	6	a	a	DET
fsr-3882	71	7	greater	great	ADJ
fsr-3882	71	8	probability	probability	NOUN
fsr-3882	71	9	that	that	SCONJ
fsr-3882	71	10	the	the	DET
fsr-3882	71	11	trading	trading	NOUN
fsr-3882	71	12	stems	stem	VERB
fsr-3882	71	13	from	from	ADP
fsr-3882	71	14	informed	informed	ADJ
fsr-3882	71	15	investors	investor	NOUN
fsr-3882	71	16	.	.	PUNCT
fsr-3882	72	1	trading	trading	NOUN
fsr-3882	72	2	volume	volume	NOUN
fsr-3882	72	3	in	in	ADP
fsr-3882	72	4	this	this	DET
fsr-3882	72	5	study	study	NOUN
fsr-3882	72	6	is	be	AUX
fsr-3882	72	7	measured	measure	VERB
fsr-3882	72	8	by	by	ADP
fsr-3882	72	9	an	an	DET
fsr-3882	72	10	accumulation	accumulation	NOUN
fsr-3882	72	11	distribution	distribution	NOUN
fsr-3882	72	12	over	over	ADP
fsr-3882	72	13	the	the	DET
fsr-3882	72	14	past	past	ADJ
fsr-3882	72	15	50	50	NUM
fsr-3882	72	16	days	day	NOUN
fsr-3882	72	17	.	.	PUNCT
fsr-3882	73	1	for	for	ADP
fsr-3882	73	2	each	each	PRON
fsr-3882	73	3	of	of	ADP
fsr-3882	73	4	these	these	DET
fsr-3882	73	5	days	day	NOUN
fsr-3882	73	6	,	,	PUNCT
fsr-3882	73	7	the	the	DET
fsr-3882	73	8	stock	stock	NOUN
fsr-3882	73	9	’s	’s	PART
fsr-3882	73	10	volume	volume	NOUN
fsr-3882	73	11	is	be	AUX
fsr-3882	73	12	multiplied	multiply	VERB
fsr-3882	73	13	by	by	ADP
fsr-3882	73	14	the	the	DET
fsr-3882	73	15	change	change	NOUN
fsr-3882	73	16	in	in	ADP
fsr-3882	73	17	price	price	NOUN
fsr-3882	73	18	and	and	CCONJ
fsr-3882	73	19	summed	sum	VERB
fsr-3882	73	20	.	.	PUNCT
fsr-3882	74	1	this	this	PRON
fsr-3882	74	2	indicates	indicate	VERB
fsr-3882	74	3	the	the	DET
fsr-3882	74	4	amount	amount	NOUN
fsr-3882	74	5	of	of	ADP
fsr-3882	74	6	money	money	NOUN
fsr-3882	74	7	moving	move	VERB
fsr-3882	74	8	into	into	ADP
fsr-3882	74	9	the	the	DET
fsr-3882	74	10	stock	stock	NOUN
fsr-3882	74	11	.	.	PUNCT
fsr-3882	75	1	2.5	2.5	NUM
fsr-3882	75	2	.	.	PUNCT
fsr-3882	76	1	moving	move	VERB
fsr-3882	76	2	average	average	ADJ
fsr-3882	76	3	rules	rule	NOUN
fsr-3882	76	4	technical	technical	ADJ
fsr-3882	76	5	analysts	analyst	NOUN
fsr-3882	76	6	have	have	AUX
fsr-3882	76	7	developed	develop	VERB
fsr-3882	76	8	numerous	numerous	ADJ
fsr-3882	76	9	moving	move	VERB
fsr-3882	76	10	average	average	ADJ
fsr-3882	76	11	rules	rule	NOUN
fsr-3882	76	12	.	.	PUNCT
fsr-3882	77	1	the	the	DET
fsr-3882	77	2	basic	basic	ADJ
fsr-3882	77	3	rule	rule	NOUN
fsr-3882	77	4	involves	involve	VERB
fsr-3882	77	5	calculating	calculate	VERB
fsr-3882	77	6	a	a	DET
fsr-3882	77	7	moving	move	VERB
fsr-3882	77	8	average	average	NOUN
fsr-3882	77	9	of	of	ADP
fsr-3882	77	10	past	past	ADJ
fsr-3882	77	11	prices	price	NOUN
fsr-3882	77	12	.	.	PUNCT
fsr-3882	78	1	the	the	DET
fsr-3882	78	2	length	length	NOUN
fsr-3882	78	3	of	of	ADP
fsr-3882	78	4	the	the	DET
fsr-3882	78	5	period	period	NOUN
fsr-3882	78	6	used	use	VERB
fsr-3882	78	7	in	in	ADP
fsr-3882	78	8	the	the	DET
fsr-3882	78	9	moving	move	VERB
fsr-3882	78	10	average	average	NOUN
fsr-3882	78	11	is	be	AUX
fsr-3882	78	12	commonly	commonly	ADV
fsr-3882	78	13	between	between	ADP
fsr-3882	78	14	20	20	NUM
fsr-3882	78	15	and	and	CCONJ
fsr-3882	78	16	200	200	NUM
fsr-3882	78	17	days	day	NOUN
fsr-3882	78	18	.	.	PUNCT
fsr-3882	79	1	the	the	DET
fsr-3882	79	2	length	length	NOUN
fsr-3882	79	3	selected	select	VERB
fsr-3882	79	4	by	by	ADP
fsr-3882	79	5	the	the	DET
fsr-3882	79	6	investor	investor	NOUN
fsr-3882	79	7	reflects	reflect	VERB
fsr-3882	79	8	the	the	DET
fsr-3882	79	9	time	time	NOUN
fsr-3882	79	10	horizon	horizon	NOUN
fsr-3882	79	11	being	be	AUX
fsr-3882	79	12	predicted	predict	VERB
fsr-3882	79	13	.	.	PUNCT
fsr-3882	80	1	this	this	DET
fsr-3882	80	2	study	study	NOUN
fsr-3882	80	3	uses	use	VERB
fsr-3882	80	4	a	a	DET
fsr-3882	80	5	50	50	NUM
fsr-3882	80	6	-	-	PUNCT
fsr-3882	80	7	day	day	NOUN
fsr-3882	80	8	moving	move	VERB
fsr-3882	80	9	average	average	NOUN
fsr-3882	80	10	.	.	PUNCT
fsr-3882	81	1	the	the	DET
fsr-3882	81	2	moving	move	VERB
fsr-3882	81	3	average	average	ADJ
fsr-3882	81	4	model	model	NOUN
fsr-3882	81	5	assumes	assume	VERB
fsr-3882	81	6	that	that	SCONJ
fsr-3882	81	7	there	there	PRON
fsr-3882	81	8	are	be	VERB
fsr-3882	81	9	systematic	systematic	ADJ
fsr-3882	81	10	patterns	pattern	NOUN
fsr-3882	81	11	in	in	ADP
fsr-3882	81	12	market	market	NOUN
fsr-3882	81	13	prices	price	NOUN
fsr-3882	81	14	that	that	PRON
fsr-3882	81	15	can	can	AUX
fsr-3882	81	16	be	be	AUX
fsr-3882	81	17	used	use	VERB
fsr-3882	81	18	in	in	ADP
fsr-3882	81	19	forecasting	forecasting	NOUN
fsr-3882	81	20	.	.	PUNCT
fsr-3882	82	1	if	if	SCONJ
fsr-3882	82	2	the	the	DET
fsr-3882	82	3	current	current	ADJ
fsr-3882	82	4	price	price	NOUN
fsr-3882	82	5	moves	move	NOUN
fsr-3882	82	6	above	above	ADP
fsr-3882	82	7	the	the	DET
fsr-3882	82	8	moving	move	VERB
fsr-3882	82	9	average	average	NOUN
fsr-3882	82	10	(	(	PUNCT
fsr-3882	82	11	or	or	CCONJ
fsr-3882	82	12	some	some	DET
fsr-3882	82	13	band	band	NOUN
fsr-3882	82	14	about	about	ADP
fsr-3882	82	15	the	the	DET
fsr-3882	82	16	average	average	NOUN
fsr-3882	82	17	)	)	PUNCT
fsr-3882	82	18	,	,	PUNCT
fsr-3882	82	19	a	a	DET
fsr-3882	82	20	buy	buy	NOUN
fsr-3882	82	21	signal	signal	NOUN
fsr-3882	82	22	is	be	AUX
fsr-3882	82	23	generated	generate	VERB
fsr-3882	82	24	.	.	PUNCT
fsr-3882	83	1	in	in	ADP
fsr-3882	83	2	this	this	DET
fsr-3882	83	3	situation	situation	NOUN
fsr-3882	83	4	technical	technical	ADJ
fsr-3882	83	5	analysts	analyst	NOUN
fsr-3882	83	6	believe	believe	VERB
fsr-3882	83	7	that	that	SCONJ
fsr-3882	83	8	the	the	DET
fsr-3882	83	9	mood	mood	NOUN
fsr-3882	83	10	has	have	AUX
fsr-3882	83	11	changed	change	VERB
fsr-3882	83	12	from	from	ADP
fsr-3882	83	13	a	a	DET
fsr-3882	83	14	declining	decline	VERB
fsr-3882	83	15	to	to	ADP
fsr-3882	83	16	a	a	DET
fsr-3882	83	17	rising	rise	VERB
fsr-3882	83	18	stock	stock	NOUN
fsr-3882	83	19	pattern	pattern	NOUN
fsr-3882	83	20	.	.	PUNCT
fsr-3882	84	1	if	if	SCONJ
fsr-3882	84	2	the	the	DET
fsr-3882	84	3	current	current	ADJ
fsr-3882	84	4	price	price	NOUN
fsr-3882	84	5	falls	fall	VERB
fsr-3882	84	6	below	below	ADP
fsr-3882	84	7	the	the	DET
fsr-3882	84	8	moving	move	VERB
fsr-3882	84	9	average	average	ADJ
fsr-3882	84	10	(	(	PUNCT
fsr-3882	84	11	band	band	NOUN
fsr-3882	84	12	)	)	PUNCT
fsr-3882	84	13	,	,	PUNCT
fsr-3882	84	14	a	a	DET
fsr-3882	84	15	sell	sell	NOUN
fsr-3882	84	16	signal	signal	NOUN
fsr-3882	84	17	occurs	occur	VERB
fsr-3882	84	18	.	.	PUNCT
fsr-3882	85	1	until	until	SCONJ
fsr-3882	85	2	recently	recently	ADV
fsr-3882	85	3	,	,	PUNCT
fsr-3882	85	4	technical	technical	ADJ
fsr-3882	85	5	trading	trading	NOUN
fsr-3882	85	6	rules	rule	NOUN
fsr-3882	85	7	involving	involve	VERB
fsr-3882	85	8	moving	move	VERB
fsr-3882	85	9	averages	average	NOUN
fsr-3882	85	10	were	be	AUX
fsr-3882	85	11	not	not	PART
fsr-3882	85	12	considered	consider	VERB
fsr-3882	85	13	to	to	PART
fsr-3882	85	14	have	have	VERB
fsr-3882	85	15	much	much	ADJ
fsr-3882	85	16	forecasting	forecasting	NOUN
fsr-3882	85	17	value	value	NOUN
fsr-3882	85	18	.	.	PUNCT
fsr-3882	86	1	however	however	ADV
fsr-3882	86	2	,	,	PUNCT
fsr-3882	86	3	advances	advance	NOUN
fsr-3882	86	4	in	in	ADP
fsr-3882	86	5	computer	computer	NOUN
fsr-3882	86	6	technology	technology	NOUN
fsr-3882	86	7	have	have	AUX
fsr-3882	86	8	increased	increase	VERB
fsr-3882	86	9	the	the	DET
fsr-3882	86	10	sophistication	sophistication	NOUN
fsr-3882	86	11	of	of	ADP
fsr-3882	86	12	such	such	ADJ
fsr-3882	86	13	models	model	NOUN
fsr-3882	86	14	and	and	CCONJ
fsr-3882	86	15	new	new	ADJ
fsr-3882	86	16	evidence	evidence	NOUN
fsr-3882	86	17	is	be	AUX
fsr-3882	86	18	now	now	ADV
fsr-3882	86	19	being	be	AUX
fsr-3882	86	20	uncovered	uncover	VERB
fsr-3882	86	21	.	.	PUNCT
fsr-3882	87	1	gencay	gencay	NOUN
fsr-3882	87	2	(	(	PUNCT
fsr-3882	87	3	1996	1996	NUM
fsr-3882	87	4	)	)	PUNCT
fsr-3882	87	5	shows	show	VERB
fsr-3882	87	6	substantial	substantial	ADJ
fsr-3882	87	7	gains	gain	NOUN
fsr-3882	87	8	in	in	ADP
fsr-3882	87	9	forecast	forecast	NOUN
fsr-3882	87	10	accuracy	accuracy	NOUN
fsr-3882	87	11	through	through	ADP
fsr-3882	87	12	the	the	DET
fsr-3882	87	13	use	use	NOUN
fsr-3882	87	14	of	of	ADP
fsr-3882	87	15	such	such	ADJ
fsr-3882	87	16	models	model	NOUN
fsr-3882	87	17	with	with	ADP
fsr-3882	87	18	a	a	DET
fsr-3882	87	19	forecast	forecast	NOUN
fsr-3882	87	20	horizon	horizon	NOUN
fsr-3882	87	21	of	of	ADP
fsr-3882	87	22	20	20	NUM
fsr-3882	87	23	days	day	NOUN
fsr-3882	87	24	.	.	PUNCT
fsr-3882	88	1	these	these	DET
fsr-3882	88	2	findings	finding	NOUN
fsr-3882	88	3	are	be	AUX
fsr-3882	88	4	also	also	ADV
fsr-3882	88	5	consistent	consistent	ADJ
fsr-3882	88	6	with	with	ADP
fsr-3882	88	7	studies	study	NOUN
fsr-3882	88	8	showing	show	VERB
fsr-3882	88	9	evidence	evidence	NOUN
fsr-3882	88	10	of	of	ADP
fsr-3882	88	11	systematic	systematic	ADJ
fsr-3882	88	12	patterns	pattern	NOUN
fsr-3882	88	13	in	in	ADP
fsr-3882	88	14	daily	daily	ADJ
fsr-3882	88	15	,	,	PUNCT
fsr-3882	88	16	weekly	weekly	ADJ
fsr-3882	88	17	,	,	PUNCT
fsr-3882	88	18	and	and	CCONJ
fsr-3882	88	19	monthly	monthly	ADJ
fsr-3882	88	20	returns	return	NOUN
fsr-3882	88	21	(	(	PUNCT
fsr-3882	88	22	see	see	VERB
fsr-3882	88	23	haugen	haugen	PROPN
fsr-3882	88	24	and	and	CCONJ
fsr-3882	88	25	jorian	jorian	NOUN
fsr-3882	88	26	,	,	PUNCT
fsr-3882	88	27	1996	1996	NUM
fsr-3882	88	28	;	;	PUNCT
fsr-3882	88	29	cutler	cutler	NOUN
fsr-3882	88	30	,	,	PUNCT
fsr-3882	88	31	poterba	poterba	NOUN
fsr-3882	88	32	,	,	PUNCT
fsr-3882	88	33	and	and	CCONJ
fsr-3882	88	34	summers	summer	NOUN
fsr-3882	88	35	,	,	PUNCT
fsr-3882	88	36	1991	1991	NUM
fsr-3882	88	37	)	)	PUNCT
fsr-3882	88	38	.	.	PUNCT
fsr-3882	89	1	3	3	X
fsr-3882	89	2	.	.	X
fsr-3882	89	3	screening	screen	VERB
fsr-3882	89	4	model	model	NOUN
fsr-3882	89	5	and	and	CCONJ
fsr-3882	89	6	methodology	methodology	NOUN
fsr-3882	89	7	the	the	DET
fsr-3882	89	8	screening	screening	NOUN
fsr-3882	89	9	model	model	NOUN
fsr-3882	89	10	in	in	ADP
fsr-3882	89	11	this	this	DET
fsr-3882	89	12	study	study	NOUN
fsr-3882	89	13	attempts	attempt	VERB
fsr-3882	89	14	to	to	PART
fsr-3882	89	15	find	find	VERB
fsr-3882	89	16	a	a	DET
fsr-3882	89	17	portfolio	portfolio	NOUN
fsr-3882	89	18	of	of	ADP
fsr-3882	89	19	stocks	stock	NOUN
fsr-3882	89	20	that	that	PRON
fsr-3882	89	21	are	be	AUX
fsr-3882	89	22	not	not	PART
fsr-3882	89	23	only	only	ADV
fsr-3882	89	24	under	under	ADV
fsr-3882	89	25	-	-	PUNCT
fsr-3882	89	26	valued	value	VERB
fsr-3882	89	27	but	but	CCONJ
fsr-3882	89	28	have	have	VERB
fsr-3882	89	29	relatively	relatively	ADV
fsr-3882	89	30	high	high	ADJ
fsr-3882	89	31	growth	growth	NOUN
fsr-3882	89	32	potential	potential	NOUN
fsr-3882	89	33	.	.	PUNCT
fsr-3882	90	1	this	this	DET
fsr-3882	90	2	model	model	NOUN
fsr-3882	90	3	is	be	AUX
fsr-3882	90	4	developed	develop	VERB
fsr-3882	90	5	by	by	ADP
fsr-3882	90	6	combining	combine	VERB
fsr-3882	90	7	the	the	DET
fsr-3882	90	8	superior	superior	ADJ
fsr-3882	90	9	investment	investment	NOUN
fsr-3882	90	10	strategies	strategy	NOUN
fsr-3882	90	11	previously	previously	ADV
fsr-3882	90	12	reviewed	review	VERB
fsr-3882	90	13	.	.	PUNCT
fsr-3882	91	1	possible	possible	ADJ
fsr-3882	91	2	synergy	synergy	NOUN
fsr-3882	91	3	gains	gain	NOUN
fsr-3882	91	4	are	be	AUX
fsr-3882	91	5	64	64	NUM
fsr-3882	91	6	s.c	s.c	PROPN
fsr-3882	91	7	.	.	PROPN
fsr-3882	91	8	gold	gold	NOUN
fsr-3882	91	9	,	,	PUNCT
fsr-3882	91	10	p.	p.	NOUN
fsr-3882	91	11	lebowitz	lebowitz	PROPN
fsr-3882	91	12	/	/	SYM
fsr-3882	91	13	financial	financial	ADJ
fsr-3882	91	14	services	service	NOUN
fsr-3882	91	15	review	review	VERB
fsr-3882	91	16	8	8	NUM
fsr-3882	91	17	(	(	PUNCT
fsr-3882	91	18	1999	1999	NUM
fsr-3882	91	19	)	)	PUNCT
fsr-3882	91	20	61–70	61–70	NOUN
fsr-3882	91	21	derived	derive	VERB
fsr-3882	91	22	from	from	ADP
fsr-3882	91	23	the	the	DET
fsr-3882	91	24	interaction	interaction	NOUN
fsr-3882	91	25	of	of	ADP
fsr-3882	91	26	these	these	DET
fsr-3882	91	27	strategies	strategy	NOUN
fsr-3882	91	28	using	use	VERB
fsr-3882	91	29	fundamental	fundamental	ADJ
fsr-3882	91	30	,	,	PUNCT
fsr-3882	91	31	industry	industry	NOUN
fsr-3882	91	32	sector	sector	NOUN
fsr-3882	91	33	,	,	PUNCT
fsr-3882	91	34	and	and	CCONJ
fsr-3882	91	35	technical	technical	ADJ
fsr-3882	91	36	information	information	NOUN
fsr-3882	91	37	.	.	PUNCT
fsr-3882	92	1	the	the	DET
fsr-3882	92	2	screening	screening	NOUN
fsr-3882	92	3	model	model	NOUN
fsr-3882	92	4	usesa	usesa	PROPN
fsr-3882	92	5	three	three	NUM
fsr-3882	92	6	-	-	PUNCT
fsr-3882	92	7	step	step	NOUN
fsr-3882	92	8	approach	approach	NOUN
fsr-3882	92	9	.	.	PUNCT
fsr-3882	93	1	first	first	ADV
fsr-3882	93	2	,	,	PUNCT
fsr-3882	93	3	fundamentalvariables	fundamentalvariable	NOUN
fsr-3882	93	4	are	be	AUX
fsr-3882	93	5	used	use	VERB
fsr-3882	93	6	to	to	PART
fsr-3882	93	7	screen	screen	VERB
fsr-3882	93	8	for	for	ADP
fsr-3882	93	9	smaller	small	ADJ
fsr-3882	93	10	companies	company	NOUN
fsr-3882	93	11	with	with	ADP
fsr-3882	93	12	low	low	ADJ
fsr-3882	93	13	price	price	NOUN
fsr-3882	93	14	-	-	PUNCT
fsr-3882	93	15	to	to	ADP
fsr-3882	93	16	-	-	PUNCT
fsr-3882	93	17	sales	sale	NOUN
fsr-3882	93	18	ratios	ratio	NOUN
fsr-3882	93	19	,	,	PUNCT
fsr-3882	93	20	positive	positive	ADJ
fsr-3882	93	21	returns	return	NOUN
fsr-3882	93	22	on	on	ADP
fsr-3882	93	23	equity	equity	NOUN
fsr-3882	93	24	,	,	PUNCT
fsr-3882	93	25	and	and	CCONJ
fsr-3882	93	26	high	high	ADJ
fsr-3882	93	27	earnings	earning	NOUN
fsr-3882	93	28	per	per	ADP
fsr-3882	93	29	share	share	NOUN
fsr-3882	93	30	growth	growth	NOUN
fsr-3882	93	31	.	.	PUNCT
fsr-3882	94	1	second	second	ADJ
fsr-3882	94	2	,	,	PUNCT
fsr-3882	94	3	strong	strong	ADJ
fsr-3882	94	4	industrysectors	industrysector	NOUN
fsr-3882	94	5	are	be	AUX
fsr-3882	94	6	filtered	filter	VERB
fsr-3882	94	7	,	,	PUNCT
fsr-3882	94	8	searching	search	VERB
fsr-3882	94	9	for	for	ADP
fsr-3882	94	10	positive	positive	ADJ
fsr-3882	94	11	relative	relative	ADJ
fsr-3882	94	12	price	price	NOUN
fsr-3882	94	13	performance	performance	NOUN
fsr-3882	94	14	,	,	PUNCT
fsr-3882	94	15	because	because	SCONJ
fsr-3882	94	16	those	those	DET
fsr-3882	94	17	industries	industry	NOUN
fsr-3882	94	18	do	do	VERB
fsr-3882	94	19	better	well	ADV
fsr-3882	94	20	under	under	ADP
fsr-3882	94	21	certain	certain	ADJ
fsr-3882	94	22	macroeconomic	macroeconomic	ADJ
fsr-3882	94	23	conditions	condition	NOUN
fsr-3882	94	24	and	and	CCONJ
fsr-3882	94	25	are	be	AUX
fsr-3882	94	26	positioned	position	VERB
fsr-3882	94	27	for	for	ADP
fsr-3882	94	28	future	future	ADJ
fsr-3882	94	29	growth	growth	NOUN
fsr-3882	94	30	.	.	PUNCT
fsr-3882	95	1	stocks	stock	NOUN
fsr-3882	95	2	within	within	ADP
fsr-3882	95	3	these	these	DET
fsr-3882	95	4	industries	industry	NOUN
fsr-3882	95	5	are	be	AUX
fsr-3882	95	6	then	then	ADV
fsr-3882	95	7	screened	screen	VERB
fsr-3882	95	8	for	for	ADP
fsr-3882	95	9	high	high	ADJ
fsr-3882	95	10	relative	relative	ADJ
fsr-3882	95	11	price	price	NOUN
fsr-3882	95	12	performance	performance	NOUN
fsr-3882	95	13	.	.	PUNCT
fsr-3882	96	1	third	third	ADJ
fsr-3882	96	2	,	,	PUNCT
fsr-3882	96	3	technicalfilters	technicalfilter	NOUN
fsr-3882	96	4	are	be	AUX
fsr-3882	96	5	used	use	VERB
fsr-3882	96	6	to	to	PART
fsr-3882	96	7	select	select	VERB
fsr-3882	96	8	stocks	stock	NOUN
fsr-3882	96	9	that	that	PRON
fsr-3882	96	10	are	be	AUX
fsr-3882	96	11	over	over	ADP
fsr-3882	96	12	their	their	PRON
fsr-3882	96	13	50	50	NUM
fsr-3882	96	14	-	-	PUNCT
fsr-3882	96	15	day	day	NOUN
fsr-3882	96	16	moving	move	VERB
fsr-3882	96	17	average	average	ADJ
fsr-3882	96	18	price	price	NOUN
fsr-3882	96	19	and	and	CCONJ
fsr-3882	96	20	have	have	VERB
fsr-3882	96	21	a	a	DET
fsr-3882	96	22	high	high	ADJ
fsr-3882	96	23	accumulation	accumulation	NOUN
fsr-3882	96	24	distribution	distribution	NOUN
fsr-3882	96	25	(	(	PUNCT
fsr-3882	96	26	trading	trading	NOUN
fsr-3882	96	27	volume	volume	NOUN
fsr-3882	96	28	activity	activity	NOUN
fsr-3882	96	29	measured	measure	VERB
fsr-3882	96	30	in	in	ADP
fsr-3882	96	31	dollars	dollar	NOUN
fsr-3882	96	32	)	)	PUNCT
fsr-3882	96	33	.	.	PUNCT
fsr-3882	97	1	a	a	DET
fsr-3882	97	2	commercially	commercially	ADV
fsr-3882	97	3	available	available	ADJ
fsr-3882	97	4	computerized	computerized	ADJ
fsr-3882	97	5	search	search	NOUN
fsr-3882	97	6	and	and	CCONJ
fsr-3882	97	7	screening	screening	NOUN
fsr-3882	97	8	program	program	NOUN
fsr-3882	97	9	,	,	PUNCT
fsr-3882	97	10	prosearch	prosearch	NOUN
fsr-3882	97	11	from	from	ADP
fsr-3882	97	12	telescan	telescan	PROPN
fsr-3882	97	13	,	,	PUNCT
fsr-3882	97	14	inc	inc	PROPN
fsr-3882	97	15	.	.	PROPN
fsr-3882	97	16	,	,	PUNCT
fsr-3882	97	17	is	be	AUX
fsr-3882	97	18	used	use	VERB
fsr-3882	97	19	to	to	PART
fsr-3882	97	20	select	select	VERB
fsr-3882	97	21	and	and	CCONJ
fsr-3882	97	22	rank	rank	VERB
fsr-3882	97	23	order	order	NOUN
fsr-3882	97	24	a	a	DET
fsr-3882	97	25	portfolio	portfolio	NOUN
fsr-3882	97	26	of	of	ADP
fsr-3882	97	27	stocks	stock	NOUN
fsr-3882	97	28	that	that	PRON
fsr-3882	97	29	most	most	ADV
fsr-3882	97	30	closely	closely	ADV
fsr-3882	97	31	meet	meet	VERB
fsr-3882	97	32	a	a	DET
fsr-3882	97	33	set	set	NOUN
fsr-3882	97	34	of	of	ADP
fsr-3882	97	35	criteria	criterion	NOUN
fsr-3882	97	36	based	base	VERB
fsr-3882	97	37	on	on	ADP
fsr-3882	97	38	the	the	DET
fsr-3882	97	39	most	most	ADV
fsr-3882	97	40	promising	promising	ADJ
fsr-3882	97	41	screening	screening	NOUN
fsr-3882	97	42	indicators	indicator	NOUN
fsr-3882	97	43	identified	identify	VERB
fsr-3882	97	44	in	in	ADP
fsr-3882	97	45	the	the	DET
fsr-3882	97	46	finance	finance	NOUN
fsr-3882	97	47	literature	literature	NOUN
fsr-3882	97	48	.	.	PUNCT
fsr-3882	98	1	a	a	DET
fsr-3882	98	2	methodological	methodological	ADJ
fsr-3882	98	3	advantage	advantage	NOUN
fsr-3882	98	4	of	of	ADP
fsr-3882	98	5	a	a	DET
fsr-3882	98	6	screening	screening	NOUN
fsr-3882	98	7	program	program	NOUN
fsr-3882	98	8	is	be	AUX
fsr-3882	98	9	that	that	SCONJ
fsr-3882	98	10	it	it	PRON
fsr-3882	98	11	does	do	AUX
fsr-3882	98	12	not	not	PART
fsr-3882	98	13	require	require	VERB
fsr-3882	98	14	the	the	DET
fsr-3882	98	15	specification	specification	NOUN
fsr-3882	98	16	of	of	ADP
fsr-3882	98	17	a	a	DET
fsr-3882	98	18	functional	functional	ADJ
fsr-3882	98	19	form	form	NOUN
fsr-3882	98	20	to	to	PART
fsr-3882	98	21	predict	predict	VERB
fsr-3882	98	22	returns	return	NOUN
fsr-3882	98	23	,	,	PUNCT
fsr-3882	98	24	as	as	SCONJ
fsr-3882	98	25	is	be	AUX
fsr-3882	98	26	the	the	DET
fsr-3882	98	27	case	case	NOUN
fsr-3882	98	28	with	with	ADP
fsr-3882	98	29	linear	linear	ADJ
fsr-3882	98	30	or	or	CCONJ
fsr-3882	98	31	non	non	ADJ
fsr-3882	98	32	-	-	ADJ
fsr-3882	98	33	linear	linear	ADJ
fsr-3882	98	34	regression	regression	NOUN
fsr-3882	98	35	analysis	analysis	NOUN
fsr-3882	98	36	.	.	PUNCT
fsr-3882	99	1	the	the	DET
fsr-3882	99	2	telescan	telescan	NOUN
fsr-3882	99	3	database	database	NOUN
fsr-3882	99	4	universe	universe	NOUN
fsr-3882	99	5	consists	consist	VERB
fsr-3882	99	6	of	of	ADP
fsr-3882	99	7	9	9	NUM
fsr-3882	99	8	,	,	PUNCT
fsr-3882	99	9	000	000	NUM
fsr-3882	99	10	listed	list	VERB
fsr-3882	99	11	stocks	stock	NOUN
fsr-3882	99	12	on	on	ADP
fsr-3882	99	13	the	the	DET
fsr-3882	99	14	nyse	nyse	PROPN
fsr-3882	99	15	,	,	PUNCT
fsr-3882	99	16	amex	amex	PROPN
fsr-3882	99	17	,	,	PUNCT
fsr-3882	99	18	and	and	CCONJ
fsr-3882	99	19	nasdaq	nasdaq	PROPN
fsr-3882	99	20	exchanges	exchange	NOUN
fsr-3882	99	21	and	and	CCONJ
fsr-3882	99	22	is	be	AUX
fsr-3882	99	23	restricted	restrict	VERB
fsr-3882	99	24	by	by	ADP
fsr-3882	99	25	telescan	telescan	NOUN
fsr-3882	99	26	to	to	ADP
fsr-3882	99	27	the	the	DET
fsr-3882	99	28	most	most	ADV
fsr-3882	99	29	recent	recent	ADJ
fsr-3882	99	30	three	three	NUM
fsr-3882	99	31	-	-	PUNCT
fsr-3882	99	32	year	year	NOUN
fsr-3882	99	33	moving	moving	NOUN
fsr-3882	99	34	window	window	NOUN
fsr-3882	99	35	.	.	PUNCT
fsr-3882	100	1	several	several	ADJ
fsr-3882	100	2	investment	investment	NOUN
fsr-3882	100	3	models	model	NOUN
fsr-3882	100	4	are	be	AUX
fsr-3882	100	5	tested	test	VERB
fsr-3882	100	6	between	between	ADP
fsr-3882	100	7	the	the	DET
fsr-3882	100	8	time	time	NOUN
fsr-3882	100	9	frame	frame	NOUN
fsr-3882	100	10	november	november	PROPN
fsr-3882	100	11	1	1	NUM
fsr-3882	100	12	,	,	PUNCT
fsr-3882	100	13	1994	1994	NUM
fsr-3882	100	14	to	to	ADP
fsr-3882	100	15	august	august	PROPN
fsr-3882	100	16	31	31	NUM
fsr-3882	100	17	,	,	PUNCT
fsr-3882	100	18	1998	1998	NUM
fsr-3882	100	19	.	.	PUNCT
fsr-3882	101	1	the	the	DET
fsr-3882	101	2	rolling	rolling	ADJ
fsr-3882	101	3	results	result	NOUN
fsr-3882	101	4	cover	cover	VERB
fsr-3882	101	5	almost	almost	ADV
fsr-3882	101	6	four	four	NUM
fsr-3882	101	7	years	year	NOUN
fsr-3882	101	8	.	.	PUNCT
fsr-3882	102	1	this	this	DET
fsr-3882	102	2	period	period	NOUN
fsr-3882	102	3	encompasses	encompass	VERB
fsr-3882	102	4	a	a	DET
fsr-3882	102	5	long	long	ADJ
fsr-3882	102	6	bull	bull	NOUN
fsr-3882	102	7	market	market	NOUN
fsr-3882	102	8	and	and	CCONJ
fsr-3882	102	9	the	the	DET
fsr-3882	102	10	sell	sell	NOUN
fsr-3882	102	11	off	off	ADP
fsr-3882	102	12	from	from	ADP
fsr-3882	102	13	theasian	theasian	ADJ
fsr-3882	102	14	contagion	contagion	NOUN
fsr-3882	102	15	,	,	PUNCT
fsr-3882	102	16	thereby	thereby	ADV
fsr-3882	102	17	including	include	VERB
fsr-3882	102	18	a	a	DET
fsr-3882	102	19	mix	mix	NOUN
fsr-3882	102	20	of	of	ADP
fsr-3882	102	21	market	market	NOUN
fsr-3882	102	22	conditions	condition	NOUN
fsr-3882	102	23	.	.	PUNCT
fsr-3882	103	1	the	the	DET
fsr-3882	103	2	investment	investment	NOUN
fsr-3882	103	3	strategy	strategy	NOUN
fsr-3882	103	4	is	be	AUX
fsr-3882	103	5	designed	design	VERB
fsr-3882	103	6	to	to	PART
fsr-3882	103	7	pick	pick	VERB
fsr-3882	103	8	a	a	DET
fsr-3882	103	9	portfolio	portfolio	NOUN
fsr-3882	103	10	of	of	ADP
fsr-3882	103	11	stocks	stock	NOUN
fsr-3882	103	12	,	,	PUNCT
fsr-3882	103	13	between	between	ADP
fsr-3882	103	14	20	20	NUM
fsr-3882	103	15	and	and	CCONJ
fsr-3882	103	16	50	50	NUM
fsr-3882	103	17	,	,	PUNCT
fsr-3882	103	18	and	and	CCONJ
fsr-3882	103	19	rebalance	rebalance	NOUN
fsr-3882	103	20	on	on	ADP
fsr-3882	103	21	a	a	DET
fsr-3882	103	22	quarterly	quarterly	ADJ
fsr-3882	103	23	basis	basis	NOUN
fsr-3882	103	24	.	.	PUNCT
fsr-3882	104	1	the	the	DET
fsr-3882	104	2	number	number	NOUN
fsr-3882	104	3	of	of	ADP
fsr-3882	104	4	different	different	ADJ
fsr-3882	104	5	stocks	stock	NOUN
fsr-3882	104	6	is	be	AUX
fsr-3882	104	7	kept	keep	VERB
fsr-3882	104	8	relatively	relatively	ADV
fsr-3882	104	9	small	small	ADJ
fsr-3882	104	10	to	to	PART
fsr-3882	104	11	make	make	VERB
fsr-3882	104	12	the	the	DET
fsr-3882	104	13	portfolio	portfolio	NOUN
fsr-3882	104	14	financially	financially	ADV
fsr-3882	104	15	accessible	accessible	ADJ
fsr-3882	104	16	to	to	ADP
fsr-3882	104	17	the	the	DET
fsr-3882	104	18	individual	individual	ADJ
fsr-3882	104	19	investor	investor	NOUN
fsr-3882	104	20	.	.	PUNCT
fsr-3882	105	1	the	the	DET
fsr-3882	105	2	specific	specific	ADJ
fsr-3882	105	3	search	search	NOUN
fsr-3882	105	4	criteria	criterion	NOUN
fsr-3882	105	5	is	be	AUX
fsr-3882	105	6	defined	define	VERB
fsr-3882	105	7	below	below	ADV
fsr-3882	105	8	.	.	PUNCT
fsr-3882	106	1	at	at	ADP
fsr-3882	106	2	the	the	DET
fsr-3882	106	3	beginning	beginning	NOUN
fsr-3882	106	4	of	of	ADP
fsr-3882	106	5	each	each	DET
fsr-3882	106	6	quarter	quarter	NOUN
fsr-3882	106	7	,	,	PUNCT
fsr-3882	106	8	the	the	DET
fsr-3882	106	9	search	search	NOUN
fsr-3882	106	10	program	program	NOUN
fsr-3882	106	11	is	be	AUX
fsr-3882	106	12	executed	execute	VERB
fsr-3882	106	13	and	and	CCONJ
fsr-3882	106	14	selects	select	NOUN
fsr-3882	106	15	for	for	ADP
fsr-3882	106	16	purchase	purchase	NOUN
fsr-3882	106	17	the	the	DET
fsr-3882	106	18	top	top	ADJ
fsr-3882	106	19	stocks	stock	NOUN
fsr-3882	106	20	from	from	ADP
fsr-3882	106	21	the	the	DET
fsr-3882	106	22	universe	universe	NOUN
fsr-3882	106	23	that	that	PRON
fsr-3882	106	24	best	well	ADV
fsr-3882	106	25	fit	fit	VERB
fsr-3882	106	26	the	the	DET
fsr-3882	106	27	screening	screening	NOUN
fsr-3882	106	28	criteria	criterion	NOUN
fsr-3882	106	29	.	.	PUNCT
fsr-3882	107	1	dollars	dollar	NOUN
fsr-3882	107	2	invested	invest	VERB
fsr-3882	107	3	are	be	AUX
fsr-3882	107	4	distributed	distribute	VERB
fsr-3882	107	5	equally	equally	ADV
fsr-3882	107	6	between	between	ADP
fsr-3882	107	7	the	the	DET
fsr-3882	107	8	selected	select	VERB
fsr-3882	107	9	stocks	stock	NOUN
fsr-3882	107	10	.	.	PUNCT
fsr-3882	108	1	the	the	DET
fsr-3882	108	2	total	total	ADJ
fsr-3882	108	3	return	return	NOUN
fsr-3882	108	4	(	(	PUNCT
fsr-3882	108	5	net	net	NOUN
fsr-3882	108	6	of	of	ADP
fsr-3882	108	7	transactions	transaction	NOUN
fsr-3882	108	8	costs	cost	NOUN
fsr-3882	108	9	)	)	PUNCT
fsr-3882	108	10	for	for	ADP
fsr-3882	108	11	the	the	DET
fsr-3882	108	12	selected	select	VERB
fsr-3882	108	13	portfolio	portfolio	NOUN
fsr-3882	108	14	is	be	AUX
fsr-3882	108	15	compared	compare	VERB
fsr-3882	108	16	to	to	ADP
fsr-3882	108	17	the	the	DET
fsr-3882	108	18	market	market	NOUN
fsr-3882	108	19	return	return	NOUN
fsr-3882	108	20	at	at	ADP
fsr-3882	108	21	the	the	DET
fsr-3882	108	22	end	end	NOUN
fsr-3882	108	23	of	of	ADP
fsr-3882	108	24	the	the	DET
fsr-3882	108	25	quarter	quarter	NOUN
fsr-3882	108	26	.	.	PUNCT
fsr-3882	109	1	the	the	DET
fsr-3882	109	2	portfolio	portfolio	NOUN
fsr-3882	109	3	is	be	AUX
fsr-3882	109	4	liquidated	liquidate	VERB
fsr-3882	109	5	and	and	CCONJ
fsr-3882	109	6	a	a	DET
fsr-3882	109	7	new	new	ADJ
fsr-3882	109	8	search	search	NOUN
fsr-3882	109	9	is	be	AUX
fsr-3882	109	10	made	make	VERB
fsr-3882	109	11	on	on	ADP
fsr-3882	109	12	the	the	DET
fsr-3882	109	13	same	same	ADJ
fsr-3882	109	14	criteria	criterion	NOUN
fsr-3882	109	15	.	.	PUNCT
fsr-3882	110	1	dollars	dollar	NOUN
fsr-3882	110	2	are	be	AUX
fsr-3882	110	3	once	once	ADV
fsr-3882	110	4	again	again	ADV
fsr-3882	110	5	invested	invest	VERB
fsr-3882	110	6	equally	equally	ADV
fsr-3882	110	7	among	among	ADP
fsr-3882	110	8	selected	select	VERB
fsr-3882	110	9	stocks	stock	NOUN
fsr-3882	110	10	in	in	ADP
fsr-3882	110	11	the	the	DET
fsr-3882	110	12	new	new	ADJ
fsr-3882	110	13	portfolio	portfolio	NOUN
fsr-3882	110	14	.	.	PUNCT
fsr-3882	111	1	transaction	transaction	NOUN
fsr-3882	111	2	costs	cost	NOUN
fsr-3882	111	3	assume	assume	VERB
fsr-3882	111	4	electronic	electronic	ADJ
fsr-3882	111	5	trading	trading	NOUN
fsr-3882	111	6	with	with	ADP
fsr-3882	111	7	average	average	ADJ
fsr-3882	111	8	fees	fee	NOUN
fsr-3882	111	9	between	between	ADP
fsr-3882	111	10	$	$	SYM
fsr-3882	111	11	7.50	7.50	NUM
fsr-3882	111	12	and	and	CCONJ
fsr-3882	111	13	$	$	SYM
fsr-3882	111	14	15.00	15.00	NUM
fsr-3882	111	15	per	per	ADP
fsr-3882	111	16	trade	trade	NOUN
fsr-3882	111	17	.	.	PUNCT
fsr-3882	112	1	4	4	X
fsr-3882	112	2	.	.	X
fsr-3882	112	3	screening	screen	VERB
fsr-3882	112	4	criteria	criterion	NOUN
fsr-3882	112	5	the	the	DET
fsr-3882	112	6	desired	desire	VERB
fsr-3882	112	7	portfolio	portfolio	NOUN
fsr-3882	112	8	is	be	AUX
fsr-3882	112	9	selected	select	VERB
fsr-3882	112	10	using	use	VERB
fsr-3882	112	11	a	a	DET
fsr-3882	112	12	two	two	NUM
fsr-3882	112	13	-	-	PUNCT
fsr-3882	112	14	step	step	NOUN
fsr-3882	112	15	screening	screening	NOUN
fsr-3882	112	16	criteria	criterion	NOUN
fsr-3882	112	17	.	.	PUNCT
fsr-3882	113	1	first	first	ADV
fsr-3882	113	2	,	,	PUNCT
fsr-3882	113	3	the	the	DET
fsr-3882	113	4	stocks	stock	NOUN
fsr-3882	113	5	are	be	AUX
fsr-3882	113	6	filtered	filter	VERB
fsr-3882	113	7	based	base	VERB
fsr-3882	113	8	on	on	ADP
fsr-3882	113	9	the	the	DET
fsr-3882	113	10	criteria	criterion	NOUN
fsr-3882	113	11	values	value	NOUN
fsr-3882	113	12	in	in	ADP
fsr-3882	113	13	table	table	NOUN
fsr-3882	113	14	1	1	NUM
fsr-3882	113	15	.	.	PUNCT
fsr-3882	114	1	those	those	DET
fsr-3882	114	2	firms	firm	NOUN
fsr-3882	114	3	that	that	PRON
fsr-3882	114	4	do	do	AUX
fsr-3882	114	5	not	not	PART
fsr-3882	114	6	meet	meet	VERB
fsr-3882	114	7	all	all	DET
fsr-3882	114	8	the	the	DET
fsr-3882	114	9	criteria	criterion	NOUN
fsr-3882	114	10	in	in	ADP
fsr-3882	114	11	table	table	NOUN
fsr-3882	114	12	1	1	NUM
fsr-3882	114	13	are	be	AUX
fsr-3882	114	14	eliminated	eliminate	VERB
fsr-3882	114	15	from	from	ADP
fsr-3882	114	16	the	the	DET
fsr-3882	114	17	potential	potential	ADJ
fsr-3882	114	18	portfolio	portfolio	NOUN
fsr-3882	114	19	.	.	PUNCT
fsr-3882	115	1	second	second	ADJ
fsr-3882	115	2	,	,	PUNCT
fsr-3882	115	3	after	after	ADP
fsr-3882	115	4	filtering	filter	VERB
fsr-3882	115	5	on	on	ADP
fsr-3882	115	6	the	the	DET
fsr-3882	115	7	above	above	ADJ
fsr-3882	115	8	criteria	criterion	NOUN
fsr-3882	115	9	,	,	PUNCT
fsr-3882	115	10	the	the	DET
fsr-3882	115	11	remaining	remain	VERB
fsr-3882	115	12	stocks	stock	NOUN
fsr-3882	115	13	arerank	arerank	ADV
fsr-3882	115	14	orderedbased	orderedbase	VERB
fsr-3882	115	15	on	on	ADP
fsr-3882	115	16	a	a	DET
fsr-3882	115	17	weighted	weight	VERB
fsr-3882	115	18	average	average	ADJ
fsr-3882	115	19	index	index	NOUN
fsr-3882	115	20	of	of	ADP
fsr-3882	115	21	the	the	DET
fsr-3882	115	22	percentile	percentile	ADJ
fsr-3882	115	23	rank	rank	NOUN
fsr-3882	115	24	of	of	ADP
fsr-3882	115	25	the	the	DET
fsr-3882	115	26	indicators	indicator	NOUN
fsr-3882	115	27	in	in	ADP
fsr-3882	115	28	table	table	NOUN
fsr-3882	115	29	2	2	NUM
fsr-3882	115	30	and	and	CCONJ
fsr-3882	115	31	their	their	PRON
fsr-3882	115	32	respective	respective	ADJ
fsr-3882	115	33	weights	weight	NOUN
fsr-3882	115	34	.	.	PUNCT
fsr-3882	116	1	because	because	SCONJ
fsr-3882	116	2	all	all	DET
fsr-3882	116	3	criteria	criterion	NOUN
fsr-3882	116	4	are	be	AUX
fsr-3882	116	5	weighted	weight	VERB
fsr-3882	116	6	equally	equally	ADV
fsr-3882	116	7	(	(	PUNCT
fsr-3882	116	8	at	at	ADP
fsr-3882	116	9	100	100	NUM
fsr-3882	116	10	%	%	NOUN
fsr-3882	116	11	)	)	PUNCT
fsr-3882	116	12	,	,	PUNCT
fsr-3882	116	13	the	the	DET
fsr-3882	116	14	index	index	NOUN
fsr-3882	116	15	used	use	VERB
fsr-3882	116	16	to	to	PART
fsr-3882	116	17	rank	rank	VERB
fsr-3882	116	18	each	each	DET
fsr-3882	116	19	stock	stock	NOUN
fsr-3882	116	20	is	be	AUX
fsr-3882	116	21	simply	simply	ADV
fsr-3882	116	22	the	the	DET
fsr-3882	116	23	average	average	NOUN
fsr-3882	116	24	of	of	ADP
fsr-3882	116	25	the	the	DET
fsr-3882	116	26	percentile	percentile	ADJ
fsr-3882	116	27	ranking	ranking	NOUN
fsr-3882	116	28	of	of	ADP
fsr-3882	116	29	each	each	DET
fsr-3882	116	30	indicator	indicator	NOUN
fsr-3882	116	31	.	.	PUNCT
fsr-3882	117	1	the	the	DET
fsr-3882	117	2	ranking	ranking	NOUN
fsr-3882	117	3	is	be	AUX
fsr-3882	117	4	done	do	VERB
fsr-3882	117	5	by	by	ADP
fsr-3882	117	6	the	the	DET
fsr-3882	117	7	prosearch	prosearch	NOUN
fsr-3882	117	8	program	program	NOUN
fsr-3882	117	9	once	once	SCONJ
fsr-3882	117	10	the	the	DET
fsr-3882	117	11	indicators	indicator	NOUN
fsr-3882	117	12	,	,	PUNCT
fsr-3882	117	13	criteria	criterion	NOUN
fsr-3882	117	14	and	and	CCONJ
fsr-3882	117	15	weights	weight	NOUN
fsr-3882	117	16	are	be	AUX
fsr-3882	117	17	specified	specify	VERB
fsr-3882	117	18	.	.	PUNCT
fsr-3882	118	1	65s.c	65s.c	NUM
fsr-3882	118	2	.	.	PUNCT
fsr-3882	118	3	gold	gold	NOUN
fsr-3882	118	4	,	,	PUNCT
fsr-3882	118	5	p.	p.	NOUN
fsr-3882	118	6	lebowitz	lebowitz	PROPN
fsr-3882	118	7	/	/	SYM
fsr-3882	118	8	financial	financial	ADJ
fsr-3882	118	9	services	service	NOUN
fsr-3882	118	10	review	review	VERB
fsr-3882	118	11	8	8	NUM
fsr-3882	118	12	(	(	PUNCT
fsr-3882	118	13	1999	1999	NUM
fsr-3882	118	14	)	)	PUNCT
fsr-3882	118	15	61–70	61–70	PROPN
fsr-3882	118	16	5	5	NUM
fsr-3882	118	17	.	.	PUNCT
fsr-3882	118	18	results	result	VERB
fsr-3882	118	19	the	the	DET
fsr-3882	118	20	stock	stock	NOUN
fsr-3882	118	21	screening	screening	NOUN
fsr-3882	118	22	program	program	NOUN
fsr-3882	118	23	is	be	AUX
fsr-3882	118	24	used	use	VERB
fsr-3882	118	25	to	to	PART
fsr-3882	118	26	select	select	VERB
fsr-3882	118	27	a	a	DET
fsr-3882	118	28	portfolio	portfolio	NOUN
fsr-3882	118	29	of	of	ADP
fsr-3882	118	30	stocks	stock	NOUN
fsr-3882	118	31	that	that	PRON
fsr-3882	118	32	best	well	ADV
fsr-3882	118	33	fit	fit	VERB
fsr-3882	118	34	these	these	DET
fsr-3882	118	35	criteria	criterion	NOUN
fsr-3882	118	36	on	on	ADP
fsr-3882	118	37	a	a	DET
fsr-3882	118	38	quarterly	quarterly	ADJ
fsr-3882	118	39	basis	basis	NOUN
fsr-3882	118	40	.	.	PUNCT
fsr-3882	119	1	although	although	SCONJ
fsr-3882	119	2	only	only	ADV
fsr-3882	119	3	3	3	NUM
fsr-3882	119	4	to	to	PART
fsr-3882	119	5	4	4	NUM
fsr-3882	119	6	years	year	NOUN
fsr-3882	119	7	of	of	ADP
fsr-3882	119	8	data	datum	NOUN
fsr-3882	119	9	are	be	AUX
fsr-3882	119	10	available	available	ADJ
fsr-3882	119	11	,	,	PUNCT
fsr-3882	119	12	18	18	NUM
fsr-3882	119	13	different	different	ADJ
fsr-3882	119	14	models	model	NOUN
fsr-3882	119	15	are	be	AUX
fsr-3882	119	16	tested	test	VERB
fsr-3882	119	17	within	within	ADP
fsr-3882	119	18	that	that	DET
fsr-3882	119	19	timeframe	timeframe	NOUN
fsr-3882	119	20	and	and	CCONJ
fsr-3882	119	21	are	be	AUX
fsr-3882	119	22	summarized	summarize	VERB
fsr-3882	119	23	in	in	ADP
fsr-3882	119	24	table	table	NOUN
fsr-3882	119	25	3	3	NUM
fsr-3882	119	26	.	.	PUNCT
fsr-3882	119	27	models	model	NOUN
fsr-3882	119	28	1	1	NUM
fsr-3882	119	29	to	to	PART
fsr-3882	119	30	9	9	NUM
fsr-3882	119	31	search	search	NOUN
fsr-3882	119	32	for	for	ADP
fsr-3882	119	33	the	the	DET
fsr-3882	119	34	best	good	ADJ
fsr-3882	119	35	stocks	stock	NOUN
fsr-3882	119	36	each	each	DET
fsr-3882	119	37	quarter	quarter	NOUN
fsr-3882	119	38	in	in	ADP
fsr-3882	119	39	all	all	DET
fsr-3882	119	40	three	three	NUM
fsr-3882	119	41	exchanges	exchange	NOUN
fsr-3882	119	42	,	,	PUNCT
fsr-3882	119	43	but	but	CCONJ
fsr-3882	119	44	have	have	VERB
fsr-3882	119	45	different	different	ADJ
fsr-3882	119	46	time	time	NOUN
fsr-3882	119	47	intervals	interval	NOUN
fsr-3882	119	48	and	and	CCONJ
fsr-3882	119	49	portfolio	portfolio	NOUN
fsr-3882	119	50	size	size	NOUN
fsr-3882	119	51	,	,	PUNCT
fsr-3882	119	52	ranging	range	VERB
fsr-3882	119	53	between	between	ADP
fsr-3882	119	54	20	20	NUM
fsr-3882	119	55	and	and	CCONJ
fsr-3882	119	56	50	50	NUM
fsr-3882	119	57	different	different	ADJ
fsr-3882	119	58	stocks	stock	NOUN
fsr-3882	119	59	.	.	PUNCT
fsr-3882	120	1	models	model	NOUN
fsr-3882	120	2	10	10	NUM
fsr-3882	120	3	through	through	ADP
fsr-3882	120	4	18	18	NUM
fsr-3882	120	5	restrict	restrict	VERB
fsr-3882	120	6	the	the	DET
fsr-3882	120	7	searches	search	NOUN
fsr-3882	120	8	to	to	ADP
fsr-3882	120	9	a	a	DET
fsr-3882	120	10	specific	specific	ADJ
fsr-3882	120	11	exchange	exchange	NOUN
fsr-3882	120	12	.	.	PUNCT
fsr-3882	121	1	the	the	DET
fsr-3882	121	2	start	start	NOUN
fsr-3882	121	3	date	date	NOUN
fsr-3882	121	4	depends	depend	VERB
fsr-3882	121	5	on	on	ADP
fsr-3882	121	6	the	the	DET
fsr-3882	121	7	available	available	ADJ
fsr-3882	121	8	three	three	NUM
fsr-3882	121	9	year	year	NOUN
fsr-3882	121	10	moving	move	VERB
fsr-3882	121	11	window	window	NOUN
fsr-3882	121	12	in	in	ADP
fsr-3882	121	13	telescan	telescan	PROPN
fsr-3882	121	14	’s	’s	PART
fsr-3882	121	15	database	database	NOUN
fsr-3882	121	16	,	,	PUNCT
fsr-3882	121	17	with	with	ADP
fsr-3882	121	18	the	the	DET
fsr-3882	121	19	end	end	NOUN
fsr-3882	121	20	date	date	NOUN
fsr-3882	121	21	restricted	restrict	VERB
fsr-3882	121	22	to	to	ADP
fsr-3882	121	23	the	the	DET
fsr-3882	121	24	most	most	ADV
fsr-3882	121	25	recent	recent	ADJ
fsr-3882	121	26	full	full	ADJ
fsr-3882	121	27	quarter	quarter	NOUN
fsr-3882	121	28	of	of	ADP
fsr-3882	121	29	data	datum	NOUN
fsr-3882	121	30	given	give	VERB
fsr-3882	121	31	the	the	DET
fsr-3882	121	32	start	start	NOUN
fsr-3882	121	33	date	date	NOUN
fsr-3882	121	34	.	.	PUNCT
fsr-3882	122	1	data	datum	NOUN
fsr-3882	122	2	are	be	AUX
fsr-3882	122	3	available	available	ADJ
fsr-3882	122	4	from	from	ADP
fsr-3882	122	5	november	november	PROPN
fsr-3882	122	6	1994	1994	NUM
fsr-3882	122	7	for	for	ADP
fsr-3882	122	8	model	model	NOUN
fsr-3882	122	9	1	1	NUM
fsr-3882	122	10	,	,	PUNCT
fsr-3882	122	11	but	but	CCONJ
fsr-3882	122	12	are	be	AUX
fsr-3882	122	13	no	no	ADV
fsr-3882	122	14	longer	long	ADV
fsr-3882	122	15	accessible	accessible	ADJ
fsr-3882	122	16	when	when	SCONJ
fsr-3882	122	17	the	the	DET
fsr-3882	122	18	remaining	remain	VERB
fsr-3882	122	19	models	model	NOUN
fsr-3882	122	20	are	be	AUX
fsr-3882	122	21	tested	test	VERB
fsr-3882	122	22	.	.	PUNCT
fsr-3882	123	1	returns	return	NOUN
fsr-3882	123	2	are	be	AUX
fsr-3882	123	3	calculated	calculate	VERB
fsr-3882	123	4	net	net	NOUN
fsr-3882	123	5	of	of	ADP
fsr-3882	123	6	round	round	ADJ
fsr-3882	123	7	trip	trip	NOUN
fsr-3882	123	8	transactions	transaction	NOUN
fsr-3882	123	9	costs	cost	NOUN
fsr-3882	123	10	,	,	PUNCT
fsr-3882	123	11	assuming	assume	VERB
fsr-3882	123	12	that	that	SCONJ
fsr-3882	123	13	trades	trade	NOUN
fsr-3882	123	14	are	be	AUX
fsr-3882	123	15	transacted	transact	VERB
fsr-3882	123	16	electronically	electronically	ADV
fsr-3882	123	17	,	,	PUNCT
fsr-3882	123	18	without	without	ADP
fsr-3882	123	19	the	the	DET
fsr-3882	123	20	direct	direct	ADJ
fsr-3882	123	21	use	use	NOUN
fsr-3882	123	22	of	of	ADP
fsr-3882	123	23	a	a	DET
fsr-3882	123	24	broker	broker	NOUN
fsr-3882	123	25	.	.	PUNCT
fsr-3882	124	1	fees	fee	NOUN
fsr-3882	124	2	for	for	ADP
fsr-3882	124	3	trading	trading	NOUN
fsr-3882	124	4	electronically	electronically	ADV
fsr-3882	124	5	vary	vary	VERB
fsr-3882	124	6	between	between	ADP
fsr-3882	124	7	$	$	SYM
fsr-3882	124	8	7.50	7.50	NUM
fsr-3882	124	9	and	and	CCONJ
fsr-3882	124	10	$	$	SYM
fsr-3882	124	11	15.00	15.00	NUM
fsr-3882	124	12	per	per	ADP
fsr-3882	124	13	transaction	transaction	NOUN
fsr-3882	124	14	and	and	CCONJ
fsr-3882	124	15	are	be	AUX
fsr-3882	124	16	assumed	assume	VERB
fsr-3882	124	17	to	to	PART
fsr-3882	124	18	average	average	VERB
fsr-3882	124	19	$	$	SYM
fsr-3882	124	20	10.00	10.00	NUM
fsr-3882	124	21	.	.	PUNCT
fsr-3882	125	1	assuming	assume	VERB
fsr-3882	125	2	a	a	DET
fsr-3882	125	3	100	100	NUM
fsr-3882	125	4	%	%	NOUN
fsr-3882	125	5	turnover	turnover	NOUN
fsr-3882	125	6	per	per	ADP
fsr-3882	125	7	quarter	quarter	NOUN
fsr-3882	125	8	,	,	PUNCT
fsr-3882	125	9	transaction	transaction	NOUN
fsr-3882	125	10	costs	cost	VERB
fsr-3882	125	11	for	for	ADP
fsr-3882	125	12	a	a	DET
fsr-3882	125	13	portfolio	portfolio	NOUN
fsr-3882	125	14	with	with	ADP
fsr-3882	125	15	20	20	NUM
fsr-3882	125	16	to	to	PART
fsr-3882	125	17	50	50	NUM
fsr-3882	125	18	different	different	ADJ
fsr-3882	125	19	stocks	stock	NOUN
fsr-3882	125	20	range	range	VERB
fsr-3882	125	21	between	between	ADP
fsr-3882	125	22	$	$	SYM
fsr-3882	125	23	400	400	NUM
fsr-3882	125	24	and	and	CCONJ
fsr-3882	125	25	$	$	SYM
fsr-3882	125	26	1	1	NUM
fsr-3882	125	27	,	,	PUNCT
fsr-3882	125	28	000	000	NUM
fsr-3882	125	29	quarterly	quarterly	ADJ
fsr-3882	125	30	.	.	PUNCT
fsr-3882	126	1	overall	overall	ADJ
fsr-3882	126	2	transaction	transaction	NOUN
fsr-3882	126	3	costs	cost	NOUN
fsr-3882	126	4	are	be	AUX
fsr-3882	126	5	calculated	calculate	VERB
fsr-3882	126	6	to	to	PART
fsr-3882	126	7	average	average	VERB
fsr-3882	126	8	just	just	ADV
fsr-3882	126	9	under	under	ADP
fsr-3882	126	10	1	1	NUM
fsr-3882	126	11	%	%	NOUN
fsr-3882	126	12	of	of	ADP
fsr-3882	126	13	the	the	DET
fsr-3882	126	14	portfolio	portfolio	NOUN
fsr-3882	126	15	,	,	PUNCT
fsr-3882	126	16	with	with	ADP
fsr-3882	126	17	an	an	DET
fsr-3882	126	18	average	average	ADJ
fsr-3882	126	19	portfolio	portfolio	NOUN
fsr-3882	126	20	size	size	NOUN
fsr-3882	126	21	between	between	ADP
fsr-3882	126	22	$	$	SYM
fsr-3882	126	23	40	40	NUM
fsr-3882	126	24	,	,	PUNCT
fsr-3882	126	25	000	000	NUM
fsr-3882	126	26	and	and	CCONJ
fsr-3882	126	27	$	$	SYM
fsr-3882	126	28	100	100	NUM
fsr-3882	126	29	,	,	PUNCT
fsr-3882	126	30	000	000	NUM
fsr-3882	126	31	.	.	PUNCT
fsr-3882	127	1	the	the	DET
fsr-3882	127	2	quarterly	quarterly	ADJ
fsr-3882	127	3	average	average	ADJ
fsr-3882	127	4	portfolio	portfolio	NOUN
fsr-3882	127	5	net	net	ADJ
fsr-3882	127	6	returns	return	NOUN
fsr-3882	127	7	for	for	ADP
fsr-3882	127	8	models	model	NOUN
fsr-3882	127	9	1	1	NUM
fsr-3882	127	10	through	through	ADP
fsr-3882	127	11	9	9	NUM
fsr-3882	127	12	are	be	AUX
fsr-3882	127	13	compared	compare	VERB
fsr-3882	127	14	to	to	ADP
fsr-3882	127	15	the	the	DET
fsr-3882	127	16	average	average	ADJ
fsr-3882	127	17	return	return	NOUN
fsr-3882	127	18	in	in	ADP
fsr-3882	127	19	all	all	DET
fsr-3882	127	20	three	three	NUM
fsr-3882	127	21	exchanges	exchange	NOUN
fsr-3882	127	22	,	,	PUNCT
fsr-3882	127	23	i.e.	i.e.	X
fsr-3882	127	24	,	,	PUNCT
fsr-3882	127	25	the	the	DET
fsr-3882	127	26	nyse	nyse	PROPN
fsr-3882	127	27	,	,	PUNCT
fsr-3882	127	28	amex	amex	PROPN
fsr-3882	127	29	,	,	PUNCT
fsr-3882	127	30	and	and	CCONJ
fsr-3882	127	31	nasdaq	nasdaq	PROPN
fsr-3882	127	32	.	.	PUNCT
fsr-3882	128	1	in	in	ADP
fsr-3882	128	2	all	all	DET
fsr-3882	128	3	cases	case	NOUN
fsr-3882	128	4	,	,	PUNCT
fsr-3882	128	5	the	the	DET
fsr-3882	128	6	portfolio	portfolio	NOUN
fsr-3882	128	7	net	net	ADJ
fsr-3882	128	8	returns	return	NOUN
fsr-3882	128	9	exceed	exceed	VERB
fsr-3882	128	10	the	the	DET
fsr-3882	128	11	average	average	ADJ
fsr-3882	128	12	index	index	NOUN
fsr-3882	128	13	returns	return	NOUN
fsr-3882	128	14	(	(	PUNCT
fsr-3882	128	15	without	without	ADP
fsr-3882	128	16	costs	cost	NOUN
fsr-3882	128	17	)	)	PUNCT
fsr-3882	128	18	.	.	PUNCT
fsr-3882	129	1	the	the	DET
fsr-3882	129	2	results	result	NOUN
fsr-3882	129	3	are	be	AUX
fsr-3882	129	4	statistically	statistically	ADV
fsr-3882	129	5	significant	significant	ADJ
fsr-3882	129	6	in	in	ADP
fsr-3882	129	7	7	7	NUM
fsr-3882	129	8	out	out	ADP
fsr-3882	129	9	of	of	ADP
fsr-3882	129	10	the	the	DET
fsr-3882	129	11	nine	nine	NUM
fsr-3882	129	12	models	model	NOUN
fsr-3882	129	13	.	.	PUNCT
fsr-3882	130	1	models	model	NOUN
fsr-3882	130	2	10	10	NUM
fsr-3882	130	3	through	through	ADP
fsr-3882	130	4	18	18	NUM
fsr-3882	130	5	,	,	PUNCT
fsr-3882	130	6	that	that	PRON
fsr-3882	130	7	arbitrarily	arbitrarily	ADV
fsr-3882	130	8	restrict	restrict	VERB
fsr-3882	130	9	the	the	DET
fsr-3882	130	10	program	program	NOUN
fsr-3882	130	11	to	to	PART
fsr-3882	130	12	select	select	VERB
fsr-3882	130	13	stocks	stock	NOUN
fsr-3882	130	14	within	within	ADP
fsr-3882	130	15	one	one	NUM
fsr-3882	130	16	table	table	NOUN
fsr-3882	130	17	1	1	NUM
fsr-3882	130	18	screening	screening	NOUN
fsr-3882	130	19	criteria	criterion	NOUN
fsr-3882	130	20	indicator	indicator	NOUN
fsr-3882	130	21	screening	screen	VERB
fsr-3882	130	22	criteria	criterion	NOUN
fsr-3882	130	23	price	price	NOUN
fsr-3882	130	24	/	/	SYM
fsr-3882	130	25	sales	sale	NOUN
fsr-3882	130	26	ratio	ratio	NOUN
fsr-3882	130	27	between	between	ADP
fsr-3882	130	28	0	0	NUM
fsr-3882	130	29	and	and	CCONJ
fsr-3882	130	30	1	1	NUM
fsr-3882	130	31	return	return	NOUN
fsr-3882	130	32	on	on	ADP
fsr-3882	130	33	equity	equity	NOUN
fsr-3882	130	34	value	value	NOUN
fsr-3882	130	35	greater	great	ADJ
fsr-3882	130	36	than	than	ADP
fsr-3882	130	37	zero	zero	NUM
fsr-3882	130	38	earnings	earning	NOUN
fsr-3882	130	39	per	per	ADP
fsr-3882	130	40	share	share	NOUN
fsr-3882	130	41	momentum	momentum	NOUN
fsr-3882	130	42	highest	high	ADJ
fsr-3882	130	43	50	50	NUM
fsr-3882	130	44	%	%	NOUN
fsr-3882	130	45	of	of	ADP
fsr-3882	130	46	stocks	stock	NOUN
fsr-3882	130	47	in	in	ADP
fsr-3882	130	48	market	market	NOUN
fsr-3882	130	49	price	price	NOUN
fsr-3882	130	50	performance	performance	NOUN
fsr-3882	130	51	highest	high	ADJ
fsr-3882	130	52	50	50	NUM
fsr-3882	130	53	%	%	NOUN
fsr-3882	130	54	of	of	ADP
fsr-3882	130	55	stocks	stock	NOUN
fsr-3882	130	56	in	in	ADP
fsr-3882	130	57	market	market	NOUN
fsr-3882	130	58	industry	industry	NOUN
fsr-3882	130	59	price	price	NOUN
fsr-3882	130	60	performance	performance	NOUN
fsr-3882	130	61	highest	high	ADJ
fsr-3882	130	62	50	50	NUM
fsr-3882	130	63	%	%	NOUN
fsr-3882	130	64	of	of	ADP
fsr-3882	130	65	stocks	stock	NOUN
fsr-3882	130	66	in	in	ADP
fsr-3882	130	67	market	market	NOUN
fsr-3882	130	68	accumulation	accumulation	NOUN
fsr-3882	130	69	distribution	distribution	NOUN
fsr-3882	130	70	highest	high	ADJ
fsr-3882	130	71	50	50	NUM
fsr-3882	130	72	%	%	NOUN
fsr-3882	130	73	of	of	ADP
fsr-3882	130	74	stocks	stock	NOUN
fsr-3882	130	75	in	in	ADP
fsr-3882	130	76	market	market	NOUN
fsr-3882	130	77	table	table	NOUN
fsr-3882	130	78	2	2	NUM
fsr-3882	130	79	ranking	ranking	NOUN
fsr-3882	130	80	criteria	criterion	NOUN
fsr-3882	130	81	indicator	indicator	NOUN
fsr-3882	130	82	rank	rank	NOUN
fsr-3882	130	83	criteria	criteria	VERB
fsr-3882	130	84	weight	weight	NOUN
fsr-3882	130	85	price	price	NOUN
fsr-3882	130	86	/	/	SYM
fsr-3882	130	87	sales	sale	NOUN
fsr-3882	130	88	ratio	ratio	NOUN
fsr-3882	130	89	lowest	low	ADJ
fsr-3882	130	90	percentile	percentile	ADJ
fsr-3882	130	91	in	in	ADP
fsr-3882	130	92	the	the	DET
fsr-3882	130	93	market	market	NOUN
fsr-3882	130	94	100	100	NUM
fsr-3882	130	95	%	%	NOUN
fsr-3882	130	96	earnings	earning	NOUN
fsr-3882	130	97	per	per	ADP
fsr-3882	130	98	share	share	NOUN
fsr-3882	130	99	momentum	momentum	NOUN
fsr-3882	130	100	highest	high	ADJ
fsr-3882	130	101	percentile	percentile	ADJ
fsr-3882	130	102	in	in	ADP
fsr-3882	130	103	the	the	DET
fsr-3882	130	104	market	market	NOUN
fsr-3882	130	105	100	100	NUM
fsr-3882	130	106	%	%	NOUN
fsr-3882	130	107	market	market	NOUN
fsr-3882	130	108	capitalization	capitalization	NOUN
fsr-3882	130	109	lowest	low	ADJ
fsr-3882	130	110	percentile	percentile	ADJ
fsr-3882	130	111	in	in	ADP
fsr-3882	130	112	the	the	DET
fsr-3882	130	113	market	market	NOUN
fsr-3882	130	114	100	100	NUM
fsr-3882	130	115	%	%	NOUN
fsr-3882	130	116	price	price	NOUN
fsr-3882	130	117	performance	performance	NOUN
fsr-3882	130	118	highest	high	ADJ
fsr-3882	130	119	percentile	percentile	ADJ
fsr-3882	130	120	in	in	ADP
fsr-3882	130	121	the	the	DET
fsr-3882	130	122	market	market	NOUN
fsr-3882	130	123	100	100	NUM
fsr-3882	130	124	%	%	NOUN
fsr-3882	130	125	industry	industry	NOUN
fsr-3882	130	126	price	price	NOUN
fsr-3882	130	127	performance	performance	NOUN
fsr-3882	130	128	highest	high	ADJ
fsr-3882	130	129	percentile	percentile	ADJ
fsr-3882	130	130	in	in	ADP
fsr-3882	130	131	the	the	DET
fsr-3882	130	132	market	market	NOUN
fsr-3882	130	133	100	100	NUM
fsr-3882	130	134	%	%	NOUN
fsr-3882	130	135	moving	move	VERB
fsr-3882	130	136	avg	avg	PROPN
fsr-3882	130	137	.	.	PROPN
fsr-3882	130	138	ratio50	ratio50	PROPN
fsr-3882	130	139	days	day	NOUN
fsr-3882	130	140	highest	high	ADJ
fsr-3882	130	141	percentile	percentile	ADJ
fsr-3882	130	142	in	in	ADP
fsr-3882	130	143	the	the	DET
fsr-3882	130	144	market	market	NOUN
fsr-3882	130	145	100	100	NUM
fsr-3882	130	146	%	%	NOUN
fsr-3882	130	147	accumulation	accumulation	NOUN
fsr-3882	130	148	distribution	distribution	NOUN
fsr-3882	130	149	highest	high	ADJ
fsr-3882	130	150	percentile	percentile	ADJ
fsr-3882	130	151	in	in	ADP
fsr-3882	130	152	the	the	DET
fsr-3882	130	153	market	market	NOUN
fsr-3882	130	154	100	100	NUM
fsr-3882	130	155	%	%	NOUN
fsr-3882	130	156	66	66	NUM
fsr-3882	130	157	s.c	s.c	PROPN
fsr-3882	130	158	.	.	PROPN
fsr-3882	130	159	gold	gold	NOUN
fsr-3882	130	160	,	,	PUNCT
fsr-3882	130	161	p.	p.	NOUN
fsr-3882	130	162	lebowitz	lebowitz	PROPN
fsr-3882	130	163	/	/	SYM
fsr-3882	130	164	financial	financial	ADJ
fsr-3882	130	165	services	service	NOUN
fsr-3882	130	166	review	review	VERB
fsr-3882	130	167	8	8	NUM
fsr-3882	130	168	(	(	PUNCT
fsr-3882	130	169	1999	1999	NUM
fsr-3882	130	170	)	)	PUNCT
fsr-3882	130	171	61–70	61–70	PROPN
fsr-3882	130	172	exchange	exchange	NOUN
fsr-3882	130	173	,	,	PUNCT
fsr-3882	130	174	do	do	AUX
fsr-3882	130	175	not	not	PART
fsr-3882	130	176	perform	perform	VERB
fsr-3882	130	177	as	as	ADV
fsr-3882	130	178	well	well	ADV
fsr-3882	130	179	.	.	PUNCT
fsr-3882	131	1	although	although	SCONJ
fsr-3882	131	2	excess	excess	ADJ
fsr-3882	131	3	returns	return	NOUN
fsr-3882	131	4	are	be	AUX
fsr-3882	131	5	still	still	ADV
fsr-3882	131	6	positive	positive	ADJ
fsr-3882	131	7	in	in	ADP
fsr-3882	131	8	8	8	NUM
fsr-3882	131	9	out	out	ADP
fsr-3882	131	10	of	of	ADP
fsr-3882	131	11	the	the	DET
fsr-3882	131	12	9	9	NUM
fsr-3882	131	13	models	model	NOUN
fsr-3882	131	14	,	,	PUNCT
fsr-3882	131	15	only	only	ADV
fsr-3882	131	16	two	two	NUM
fsr-3882	131	17	are	be	AUX
fsr-3882	131	18	statistically	statistically	ADV
fsr-3882	131	19	significant	significant	ADJ
fsr-3882	131	20	at	at	ADP
fsr-3882	131	21	the	the	DET
fsr-3882	131	22	0.05	0.05	NUM
fsr-3882	131	23	level	level	NOUN
fsr-3882	131	24	of	of	ADP
fsr-3882	131	25	confidence	confidence	NOUN
fsr-3882	131	26	.	.	PUNCT
fsr-3882	132	1	this	this	DET
fsr-3882	132	2	result	result	NOUN
fsr-3882	132	3	is	be	AUX
fsr-3882	132	4	not	not	PART
fsr-3882	132	5	unexpected	unexpected	ADJ
fsr-3882	132	6	because	because	SCONJ
fsr-3882	132	7	the	the	DET
fsr-3882	132	8	flexibility	flexibility	NOUN
fsr-3882	132	9	of	of	ADP
fsr-3882	132	10	the	the	DET
fsr-3882	132	11	model	model	NOUN
fsr-3882	132	12	to	to	PART
fsr-3882	132	13	choose	choose	VERB
fsr-3882	132	14	between	between	ADP
fsr-3882	132	15	markets	market	NOUN
fsr-3882	132	16	and	and	CCONJ
fsr-3882	132	17	industries	industry	NOUN
fsr-3882	132	18	is	be	AUX
fsr-3882	132	19	limited	limited	ADJ
fsr-3882	132	20	.	.	PUNCT
fsr-3882	133	1	this	this	DET
fsr-3882	133	2	result	result	NOUN
fsr-3882	133	3	also	also	ADV
fsr-3882	133	4	confirms	confirm	VERB
fsr-3882	133	5	the	the	DET
fsr-3882	133	6	power	power	NOUN
fsr-3882	133	7	of	of	ADP
fsr-3882	133	8	the	the	DET
fsr-3882	133	9	unrestricted	unrestricted	ADJ
fsr-3882	133	10	screening	screening	NOUN
fsr-3882	133	11	model	model	NOUN
fsr-3882	133	12	to	to	PART
fsr-3882	133	13	switch	switch	VERB
fsr-3882	133	14	between	between	ADP
fsr-3882	133	15	exchanges	exchange	NOUN
fsr-3882	133	16	to	to	PART
fsr-3882	133	17	select	select	VERB
fsr-3882	133	18	the	the	DET
fsr-3882	133	19	most	most	ADV
fsr-3882	133	20	promising	promising	ADJ
fsr-3882	133	21	companies	company	NOUN
fsr-3882	133	22	.	.	PUNCT
fsr-3882	134	1	although	although	SCONJ
fsr-3882	134	2	most	most	ADJ
fsr-3882	134	3	excess	excess	ADJ
fsr-3882	134	4	returns	return	NOUN
fsr-3882	134	5	in	in	ADP
fsr-3882	134	6	models	model	NOUN
fsr-3882	134	7	10	10	NUM
fsr-3882	134	8	through	through	ADP
fsr-3882	134	9	18	18	NUM
fsr-3882	134	10	are	be	AUX
fsr-3882	134	11	not	not	PART
fsr-3882	134	12	significant	significant	ADJ
fsr-3882	134	13	,	,	PUNCT
fsr-3882	134	14	the	the	DET
fsr-3882	134	15	binomial	binomial	ADJ
fsr-3882	134	16	proportionality	proportionality	NOUN
fsr-3882	134	17	test	test	NOUN
fsr-3882	134	18	statistic	statistic	NOUN
fsr-3882	134	19	associated	associate	VERB
fsr-3882	134	20	with	with	ADP
fsr-3882	134	21	all	all	DET
fsr-3882	134	22	nine	nine	NUM
fsr-3882	134	23	models	model	NOUN
fsr-3882	134	24	together	together	ADV
fsr-3882	134	25	shows	show	VERB
fsr-3882	134	26	statistical	statistical	ADJ
fsr-3882	134	27	significance	significance	NOUN
fsr-3882	134	28	at	at	ADP
fsr-3882	134	29	the	the	DET
fsr-3882	134	30	0.01	0.01	NUM
fsr-3882	134	31	level	level	NOUN
fsr-3882	134	32	.	.	PUNCT
fsr-3882	135	1	the	the	DET
fsr-3882	135	2	null	null	ADJ
fsr-3882	135	3	hypothesis	hypothesis	NOUN
fsr-3882	135	4	tested	test	VERB
fsr-3882	135	5	assumes	assume	VERB
fsr-3882	135	6	the	the	DET
fsr-3882	135	7	simple	simple	ADJ
fsr-3882	135	8	fraction	fraction	NOUN
fsr-3882	135	9	of	of	ADP
fsr-3882	135	10	profitable	profitable	ADJ
fsr-3882	135	11	models	model	NOUN
fsr-3882	135	12	(	(	PUNCT
fsr-3882	135	13	those	those	PRON
fsr-3882	135	14	with	with	ADP
fsr-3882	135	15	positive	positive	ADJ
fsr-3882	135	16	excess	excess	ADJ
fsr-3882	135	17	returns	return	NOUN
fsr-3882	135	18	after	after	ADP
fsr-3882	135	19	the	the	DET
fsr-3882	135	20	payment	payment	NOUN
fsr-3882	135	21	of	of	ADP
fsr-3882	135	22	transaction	transaction	NOUN
fsr-3882	135	23	costs	cost	NOUN
fsr-3882	135	24	)	)	PUNCT
fsr-3882	135	25	should	should	AUX
fsr-3882	135	26	equal	equal	VERB
fsr-3882	135	27	0.5	0.5	NUM
fsr-3882	135	28	.	.	PUNCT
fsr-3882	136	1	the	the	DET
fsr-3882	136	2	null	null	ADJ
fsr-3882	136	3	hypothesis	hypothesis	NOUN
fsr-3882	136	4	is	be	AUX
fsr-3882	136	5	rejected	reject	VERB
fsr-3882	136	6	given	give	VERB
fsr-3882	136	7	8	8	NUM
fsr-3882	136	8	out	out	ADP
fsr-3882	136	9	of	of	ADP
fsr-3882	136	10	9	9	NUM
fsr-3882	136	11	models	model	NOUN
fsr-3882	136	12	with	with	ADP
fsr-3882	136	13	positive	positive	ADJ
fsr-3882	136	14	excess	excess	ADJ
fsr-3882	136	15	returns	return	NOUN
fsr-3882	136	16	.	.	PUNCT
fsr-3882	137	1	further	further	ADJ
fsr-3882	137	2	evidence	evidence	NOUN
fsr-3882	137	3	of	of	ADP
fsr-3882	137	4	support	support	NOUN
fsr-3882	137	5	for	for	ADP
fsr-3882	137	6	the	the	DET
fsr-3882	137	7	screening	screening	NOUN
fsr-3882	137	8	model	model	NOUN
fsr-3882	137	9	may	may	AUX
fsr-3882	137	10	be	be	AUX
fsr-3882	137	11	found	find	VERB
fsr-3882	137	12	by	by	ADP
fsr-3882	137	13	comparing	compare	VERB
fsr-3882	137	14	the	the	DET
fsr-3882	137	15	performance	performance	NOUN
fsr-3882	137	16	of	of	ADP
fsr-3882	137	17	fund	fund	NOUN
fsr-3882	137	18	managers	manager	NOUN
fsr-3882	137	19	to	to	ADP
fsr-3882	137	20	the	the	DET
fsr-3882	137	21	market	market	NOUN
fsr-3882	137	22	indices	index	NOUN
fsr-3882	137	23	.	.	PUNCT
fsr-3882	138	1	for	for	ADP
fsr-3882	138	2	the	the	DET
fsr-3882	138	3	past	past	ADJ
fsr-3882	138	4	five	five	NUM
fsr-3882	138	5	consecutive	consecutive	ADJ
fsr-3882	138	6	years	year	NOUN
fsr-3882	138	7	,	,	PUNCT
fsr-3882	138	8	bary	bary	NOUN
fsr-3882	138	9	(	(	PUNCT
fsr-3882	138	10	1999	1999	NUM
fsr-3882	138	11	)	)	PUNCT
fsr-3882	138	12	finds	find	VERB
fsr-3882	138	13	fund	fund	NOUN
fsr-3882	138	14	managers	manager	NOUN
fsr-3882	138	15	underperformed	underperform	VERB
fsr-3882	138	16	the	the	DET
fsr-3882	138	17	s	s	PROPN
fsr-3882	138	18	&	&	CCONJ
fsr-3882	138	19	p	p	PROPN
fsr-3882	138	20	500	500	NUM
fsr-3882	138	21	.	.	PUNCT
fsr-3882	139	1	in	in	ADP
fsr-3882	139	2	1998	1998	NUM
fsr-3882	139	3	,	,	PUNCT
fsr-3882	139	4	86	86	NUM
fsr-3882	139	5	%	%	NOUN
fsr-3882	139	6	of	of	ADP
fsr-3882	139	7	fund	fund	NOUN
fsr-3882	139	8	managers	manager	NOUN
fsr-3882	139	9	trailed	trail	VERB
fsr-3882	139	10	the	the	DET
fsr-3882	139	11	s	s	NOUN
fsr-3882	139	12	&	&	CCONJ
fsr-3882	139	13	p	p	NOUN
fsr-3882	139	14	500	500	NUM
fsr-3882	139	15	,	,	PUNCT
fsr-3882	139	16	whereas	whereas	SCONJ
fsr-3882	139	17	90	90	NUM
fsr-3882	139	18	%	%	NOUN
fsr-3882	139	19	lagged	lag	VERB
fsr-3882	139	20	the	the	DET
fsr-3882	139	21	index	index	NOUN
fsr-3882	139	22	in	in	ADP
fsr-3882	139	23	1997	1997	NUM
fsr-3882	139	24	.	.	PUNCT
fsr-3882	140	1	treanor	treanor	PROPN
fsr-3882	140	2	(	(	PUNCT
fsr-3882	140	3	1999	1999	NUM
fsr-3882	140	4	)	)	PUNCT
fsr-3882	140	5	reports	report	VERB
fsr-3882	140	6	the	the	DET
fsr-3882	140	7	combined	combined	ADJ
fsr-3882	140	8	actuarial	actuarial	ADJ
fsr-3882	140	9	performance	performance	NOUN
fsr-3882	140	10	service	service	NOUN
fsr-3882	140	11	(	(	PUNCT
fsr-3882	140	12	caps	cap	NOUN
fsr-3882	140	13	)	)	PUNCT
fsr-3882	140	14	median	median	ADJ
fsr-3882	140	15	performance	performance	NOUN
fsr-3882	140	16	of	of	ADP
fsr-3882	140	17	pension	pension	NOUN
fsr-3882	140	18	fund	fund	NOUN
fsr-3882	140	19	managers	manager	NOUN
fsr-3882	140	20	for	for	ADP
fsr-3882	140	21	the	the	DET
fsr-3882	140	22	past	past	ADJ
fsr-3882	140	23	five	five	NUM
fsr-3882	140	24	years	year	NOUN
fsr-3882	140	25	is	be	AUX
fsr-3882	140	26	only	only	ADV
fsr-3882	140	27	13.1	13.1	NUM
fsr-3882	140	28	%	%	NOUN
fsr-3882	140	29	,	,	PUNCT
fsr-3882	140	30	well	well	ADV
fsr-3882	140	31	below	below	ADP
fsr-3882	140	32	client	client	NOUN
fsr-3882	140	33	requirements	requirement	NOUN
fsr-3882	140	34	.	.	PUNCT
fsr-3882	141	1	the	the	DET
fsr-3882	141	2	superior	superior	ADJ
fsr-3882	141	3	portfolio	portfolio	NOUN
fsr-3882	141	4	returns	return	NOUN
fsr-3882	141	5	of	of	ADP
fsr-3882	141	6	the	the	DET
fsr-3882	141	7	screening	screening	NOUN
fsr-3882	141	8	model	model	NOUN
fsr-3882	141	9	could	could	AUX
fsr-3882	141	10	not	not	PART
fsr-3882	141	11	be	be	AUX
fsr-3882	141	12	explained	explain	VERB
fsr-3882	141	13	by	by	ADP
fsr-3882	141	14	risk	risk	NOUN
fsr-3882	141	15	.	.	PUNCT
fsr-3882	142	1	the	the	DET
fsr-3882	142	2	mean	mean	NOUN
fsr-3882	142	3	of	of	ADP
fsr-3882	142	4	the	the	DET
fsr-3882	142	5	portfolio	portfolio	NOUN
fsr-3882	142	6	betas	beta	NOUN
fsr-3882	142	7	(	(	PUNCT
fsr-3882	142	8	obtained	obtain	VERB
fsr-3882	142	9	from	from	ADP
fsr-3882	142	10	the	the	DET
fsr-3882	142	11	telescan	telescan	NOUN
fsr-3882	142	12	database	database	NOUN
fsr-3882	142	13	)	)	PUNCT
fsr-3882	142	14	for	for	ADP
fsr-3882	142	15	models	model	NOUN
fsr-3882	142	16	1	1	NUM
fsr-3882	142	17	to	to	PART
fsr-3882	142	18	9	9	NUM
fsr-3882	142	19	is	be	AUX
fsr-3882	142	20	shown	show	VERB
fsr-3882	142	21	table	table	NOUN
fsr-3882	142	22	3	3	NUM
fsr-3882	142	23	parametric	parametric	ADJ
fsr-3882	142	24	tests	test	NOUN
fsr-3882	142	25	of	of	ADP
fsr-3882	142	26	the	the	DET
fsr-3882	142	27	screening	screening	NOUN
fsr-3882	142	28	model	model	NOUN
fsr-3882	142	29	model	model	PROPN
fsr-3882	142	30	exchange	exchange	PROPN
fsr-3882	142	31	start	start	VERB
fsr-3882	142	32	date	date	NOUN
fsr-3882	142	33	end	end	NOUN
fsr-3882	142	34	date	date	NOUN
fsr-3882	142	35	no	no	INTJ
fsr-3882	142	36	.	.	PUNCT
fsr-3882	143	1	of	of	ADP
fsr-3882	143	2	stocks	stock	NOUN
fsr-3882	143	3	quarterly	quarterly	ADJ
fsr-3882	143	4	average	average	ADJ
fsr-3882	143	5	portfolio	portfolio	NOUN
fsr-3882	143	6	net	net	NOUN
fsr-3882	143	7	return	return	VERB
fsr-3882	143	8	quarterly	quarterly	ADJ
fsr-3882	143	9	average	average	ADJ
fsr-3882	143	10	exchange	exchange	NOUN
fsr-3882	143	11	return	return	VERB
fsr-3882	143	12	quarterly	quarterly	ADJ
fsr-3882	143	13	excess	excess	ADJ
fsr-3882	143	14	return	return	NOUN
fsr-3882	143	15	test	test	NOUN
fsr-3882	143	16	statistic	statistic	NOUN
fsr-3882	143	17	1	1	NUM
fsr-3882	143	18	all	all	DET
fsr-3882	143	19	11/1/94	11/1/94	NUM
fsr-3882	143	20	4/30/98	4/30/98	NUM
fsr-3882	143	21	35	35	NUM
fsr-3882	143	22	8.9	8.9	NUM
fsr-3882	143	23	%	%	NOUN
fsr-3882	143	24	5.3	5.3	NUM
fsr-3882	143	25	%	%	NOUN
fsr-3882	143	26	3.6	3.6	NUM
fsr-3882	143	27	%	%	NOUN
fsr-3882	143	28	1.78b	1.78b	NUM
fsr-3882	143	29	2	2	NUM
fsr-3882	143	30	all	all	PRON
fsr-3882	143	31	12/1/95	12/1/95	NUM
fsr-3882	143	32	8/31/98	8/31/98	NUM
fsr-3882	143	33	35	35	NUM
fsr-3882	143	34	7.7	7.7	NUM
fsr-3882	143	35	%	%	NOUN
fsr-3882	143	36	2.7	2.7	NUM
fsr-3882	143	37	%	%	NOUN
fsr-3882	143	38	5.0	5.0	NUM
fsr-3882	143	39	%	%	NOUN
fsr-3882	143	40	2.75b	2.75b	NUM
fsr-3882	143	41	3	3	NUM
fsr-3882	143	42	all	all	PRON
fsr-3882	143	43	1/1/95	1/1/95	NUM
fsr-3882	143	44	6/30/98	6/30/98	NUM
fsr-3882	143	45	35	35	NUM
fsr-3882	143	46	6.2	6.2	NUM
fsr-3882	143	47	%	%	NOUN
fsr-3882	143	48	3.5	3.5	NUM
fsr-3882	143	49	%	%	NOUN
fsr-3882	143	50	2.7	2.7	NUM
fsr-3882	143	51	%	%	NOUN
fsr-3882	143	52	2.09b	2.09b	NUM
fsr-3882	143	53	4	4	NUM
fsr-3882	143	54	all	all	PRON
fsr-3882	143	55	11/1/95	11/1/95	NUM
fsr-3882	143	56	7/31/98	7/31/98	NUM
fsr-3882	143	57	20	20	NUM
fsr-3882	143	58	6.8	6.8	NUM
fsr-3882	143	59	%	%	NOUN
fsr-3882	143	60	4.8	4.8	NUM
fsr-3882	143	61	%	%	NOUN
fsr-3882	143	62	2.0	2.0	NUM
fsr-3882	143	63	%	%	NOUN
fsr-3882	143	64	1.36	1.36	NUM
fsr-3882	143	65	5	5	NUM
fsr-3882	143	66	all	all	PRON
fsr-3882	143	67	12/1/95	12/1/95	NUM
fsr-3882	143	68	8/31/98	8/31/98	NUM
fsr-3882	143	69	20	20	NUM
fsr-3882	143	70	7.7	7.7	NUM
fsr-3882	143	71	%	%	NOUN
fsr-3882	143	72	2.7	2.7	NUM
fsr-3882	143	73	%	%	NOUN
fsr-3882	143	74	5.0	5.0	NUM
fsr-3882	143	75	%	%	NOUN
fsr-3882	143	76	3.05b	3.05b	NUM
fsr-3882	143	77	6	6	NUM
fsr-3882	143	78	all	all	DET
fsr-3882	143	79	1/1/96	1/1/96	NUM
fsr-3882	143	80	6/30/98	6/30/98	NUM
fsr-3882	143	81	20	20	NUM
fsr-3882	143	82	6.8	6.8	NUM
fsr-3882	143	83	%	%	NOUN
fsr-3882	143	84	3.5	3.5	NUM
fsr-3882	143	85	%	%	NOUN
fsr-3882	143	86	3.3	3.3	NUM
fsr-3882	143	87	%	%	NOUN
fsr-3882	143	88	2.49b	2.49b	NUM
fsr-3882	143	89	7	7	NUM
fsr-3882	143	90	all	all	PRON
fsr-3882	143	91	11/1/95	11/1/95	NUM
fsr-3882	143	92	7/31/98	7/31/98	NUM
fsr-3882	143	93	50	50	NUM
fsr-3882	143	94	6.4	6.4	NUM
fsr-3882	143	95	%	%	NOUN
fsr-3882	143	96	4.8	4.8	NUM
fsr-3882	143	97	%	%	NOUN
fsr-3882	143	98	1.6	1.6	NUM
fsr-3882	143	99	%	%	NOUN
fsr-3882	143	100	1.27	1.27	NUM
fsr-3882	143	101	8	8	NUM
fsr-3882	143	102	all	all	PRON
fsr-3882	143	103	12/1/95	12/1/95	NUM
fsr-3882	143	104	8/31/98	8/31/98	NUM
fsr-3882	143	105	50	50	NUM
fsr-3882	143	106	9.1	9.1	NUM
fsr-3882	143	107	%	%	NOUN
fsr-3882	143	108	2.7	2.7	NUM
fsr-3882	143	109	%	%	NOUN
fsr-3882	143	110	6.4	6.4	NUM
fsr-3882	143	111	%	%	NOUN
fsr-3882	143	112	3.32b	3.32b	NUM
fsr-3882	143	113	9	9	NUM
fsr-3882	143	114	all	all	PRON
fsr-3882	143	115	1/1/96	1/1/96	NUM
fsr-3882	143	116	6/30/98	6/30/98	NUM
fsr-3882	143	117	50	50	NUM
fsr-3882	143	118	6.2	6.2	NUM
fsr-3882	143	119	%	%	NOUN
fsr-3882	143	120	3.5	3.5	NUM
fsr-3882	143	121	%	%	NOUN
fsr-3882	143	122	2.7	2.7	NUM
fsr-3882	143	123	%	%	NOUN
fsr-3882	143	124	1.95b	1.95b	NUM
fsr-3882	143	125	10	10	NUM
fsr-3882	143	126	nyse	nyse	PROPN
fsr-3882	143	127	11/1/95	11/1/95	NUM
fsr-3882	143	128	7/31/98	7/31/98	NUM
fsr-3882	143	129	35	35	NUM
fsr-3882	143	130	5.7	5.7	NUM
fsr-3882	143	131	%	%	NOUN
fsr-3882	143	132	5.4	5.4	NUM
fsr-3882	143	133	%	%	NOUN
fsr-3882	143	134	0.3	0.3	NUM
fsr-3882	143	135	%	%	NOUN
fsr-3882	143	136	0.93	0.93	NUM
fsr-3882	143	137	11	11	NUM
fsr-3882	143	138	nyse	nyse	PROPN
fsr-3882	143	139	12/1/95	12/1/95	NUM
fsr-3882	143	140	8/31/98	8/31/98	NUM
fsr-3882	143	141	35	35	NUM
fsr-3882	143	142	4.4	4.4	NUM
fsr-3882	143	143	%	%	NOUN
fsr-3882	143	144	3.9	3.9	NUM
fsr-3882	143	145	%	%	NOUN
fsr-3882	143	146	0.5	0.5	NUM
fsr-3882	143	147	%	%	NOUN
fsr-3882	143	148	0.99	0.99	NUM
fsr-3882	143	149	12	12	NUM
fsr-3882	143	150	nyse	nyse	PROPN
fsr-3882	143	151	1/1/96	1/1/96	NUM
fsr-3882	143	152	6/30/98	6/30/98	NUM
fsr-3882	143	153	35	35	NUM
fsr-3882	143	154	5.1	5.1	NUM
fsr-3882	143	155	%	%	NOUN
fsr-3882	143	156	4.4	4.4	NUM
fsr-3882	143	157	%	%	NOUN
fsr-3882	143	158	0.7	0.7	NUM
fsr-3882	143	159	%	%	NOUN
fsr-3882	143	160	1.08	1.08	NUM
fsr-3882	143	161	13	13	NUM
fsr-3882	143	162	amex	amex	NOUN
fsr-3882	143	163	11/1/95	11/1/95	NUM
fsr-3882	143	164	7/31/98	7/31/98	NUM
fsr-3882	143	165	35	35	NUM
fsr-3882	143	166	6.9	6.9	NUM
fsr-3882	143	167	%	%	NOUN
fsr-3882	143	168	2.7	2.7	NUM
fsr-3882	143	169	%	%	NOUN
fsr-3882	143	170	4.2	4.2	NUM
fsr-3882	143	171	%	%	NOUN
fsr-3882	143	172	1.78	1.78	NUM
fsr-3882	143	173	14	14	NUM
fsr-3882	143	174	amex	amex	PROPN
fsr-3882	143	175	12/1/95	12/1/95	NUM
fsr-3882	143	176	8/31/98	8/31/98	NUM
fsr-3882	143	177	35	35	NUM
fsr-3882	143	178	6.3	6.3	NUM
fsr-3882	143	179	%	%	NOUN
fsr-3882	143	180	0.7	0.7	NUM
fsr-3882	143	181	%	%	NOUN
fsr-3882	143	182	5.6	5.6	NUM
fsr-3882	143	183	%	%	NOUN
fsr-3882	143	184	2.12b	2.12b	NUM
fsr-3882	143	185	15	15	NUM
fsr-3882	143	186	amex	amex	NOUN
fsr-3882	143	187	1/1/96	1/1/96	NUM
fsr-3882	143	188	6/30/98	6/30/98	NUM
fsr-3882	143	189	35	35	NUM
fsr-3882	143	190	4.0	4.0	NUM
fsr-3882	143	191	%	%	NOUN
fsr-3882	143	192	1.3	1.3	NUM
fsr-3882	143	193	%	%	NOUN
fsr-3882	143	194	2.7	2.7	NUM
fsr-3882	143	195	%	%	NOUN
fsr-3882	143	196	1.36	1.36	NUM
fsr-3882	143	197	16	16	NUM
fsr-3882	143	198	nasdaq	nasdaq	PROPN
fsr-3882	143	199	11/1/95	11/1/95	NUM
fsr-3882	143	200	7/31/98	7/31/98	NUM
fsr-3882	143	201	35	35	NUM
fsr-3882	143	202	6.2	6.2	NUM
fsr-3882	143	203	%	%	NOUN
fsr-3882	143	204	6.3	6.3	NUM
fsr-3882	143	205	%	%	NOUN
fsr-3882	143	206	20.10	20.10	NUM
fsr-3882	143	207	%	%	NOUN
fsr-3882	143	208	0.87	0.87	NUM
fsr-3882	143	209	17	17	NUM
fsr-3882	143	210	nasdaq	nasdaq	PROPN
fsr-3882	143	211	12/1/95	12/1/95	NUM
fsr-3882	143	212	8/31/98	8/31/98	NUM
fsr-3882	143	213	35	35	NUM
fsr-3882	143	214	9.7	9.7	NUM
fsr-3882	143	215	%	%	NOUN
fsr-3882	143	216	3.6	3.6	NUM
fsr-3882	143	217	%	%	NOUN
fsr-3882	143	218	6.1	6.1	NUM
fsr-3882	143	219	%	%	NOUN
fsr-3882	143	220	2.26b	2.26b	NUM
fsr-3882	143	221	18	18	NUM
fsr-3882	143	222	nasdaq	nasdaq	PROPN
fsr-3882	143	223	1/1/96	1/1/96	NUM
fsr-3882	143	224	6/30/98	6/30/98	NUM
fsr-3882	143	225	35	35	NUM
fsr-3882	143	226	6.7	6.7	NUM
fsr-3882	143	227	%	%	NOUN
fsr-3882	143	228	5.0	5.0	NUM
fsr-3882	143	229	%	%	NOUN
fsr-3882	143	230	1.7	1.7	NUM
fsr-3882	143	231	%	%	NOUN
fsr-3882	143	232	1.11	1.11	NUM
fsr-3882	143	233	mean	mean	NOUN
fsr-3882	143	234	6.7	6.7	NUM
fsr-3882	143	235	%	%	NOUN
fsr-3882	143	236	3.7	3.7	NUM
fsr-3882	143	237	%	%	NOUN
fsr-3882	143	238	3.0	3.0	NUM
fsr-3882	143	239	%	%	NOUN
fsr-3882	143	240	a	a	PRON
fsr-3882	143	241	in	in	ADP
fsr-3882	143	242	models	model	NOUN
fsr-3882	143	243	1–9	1–9	NUM
fsr-3882	143	244	‘	'	PUNCT
fsr-3882	143	245	‘	'	PUNCT
fsr-3882	143	246	all	all	PRON
fsr-3882	143	247	’’	’'	PUNCT
fsr-3882	143	248	refers	refer	VERB
fsr-3882	143	249	to	to	ADP
fsr-3882	143	250	exchanges	exchange	NOUN
fsr-3882	143	251	including	include	VERB
fsr-3882	143	252	the	the	DET
fsr-3882	143	253	nyse	nyse	PROPN
fsr-3882	143	254	,	,	PUNCT
fsr-3882	143	255	amex	amex	PROPN
fsr-3882	143	256	,	,	PUNCT
fsr-3882	143	257	and	and	CCONJ
fsr-3882	143	258	nasdaq	nasdaq	PROPN
fsr-3882	143	259	.	.	PUNCT
fsr-3882	144	1	models	model	NOUN
fsr-3882	144	2	10–18	10–18	NUM
fsr-3882	144	3	are	be	AUX
fsr-3882	144	4	restricted	restrict	VERB
fsr-3882	144	5	to	to	ADP
fsr-3882	144	6	specific	specific	ADJ
fsr-3882	144	7	exchanges	exchange	NOUN
fsr-3882	144	8	.	.	PUNCT
fsr-3882	145	1	portfolio	portfolio	NOUN
fsr-3882	145	2	returns	return	NOUN
fsr-3882	145	3	are	be	AUX
fsr-3882	145	4	net	net	ADJ
fsr-3882	145	5	of	of	ADP
fsr-3882	145	6	transactions	transaction	NOUN
fsr-3882	145	7	costs	cost	NOUN
fsr-3882	145	8	.	.	PUNCT
fsr-3882	146	1	b	b	NOUN
fsr-3882	146	2	indicates	indicate	VERB
fsr-3882	146	3	statistical	statistical	ADJ
fsr-3882	146	4	significance	significance	NOUN
fsr-3882	146	5	at	at	ADP
fsr-3882	146	6	the	the	DET
fsr-3882	146	7	0.05	0.05	NUM
fsr-3882	146	8	level	level	NOUN
fsr-3882	146	9	.	.	PUNCT
fsr-3882	147	1	67s.c	67s.c	NUM
fsr-3882	147	2	.	.	PUNCT
fsr-3882	148	1	gold	gold	NOUN
fsr-3882	148	2	,	,	PUNCT
fsr-3882	148	3	p.	p.	NOUN
fsr-3882	148	4	lebowitz	lebowitz	PROPN
fsr-3882	148	5	/	/	SYM
fsr-3882	148	6	financial	financial	ADJ
fsr-3882	148	7	services	service	NOUN
fsr-3882	148	8	review	review	VERB
fsr-3882	148	9	8	8	NUM
fsr-3882	148	10	(	(	PUNCT
fsr-3882	148	11	1999	1999	NUM
fsr-3882	148	12	)	)	PUNCT
fsr-3882	148	13	61–70	61–70	PROPN
fsr-3882	148	14	in	in	ADP
fsr-3882	148	15	table	table	NOUN
fsr-3882	148	16	4	4	NUM
fsr-3882	148	17	.	.	PUNCT
fsr-3882	149	1	the	the	DET
fsr-3882	149	2	average	average	ADJ
fsr-3882	149	3	beta	beta	NOUN
fsr-3882	149	4	of	of	ADP
fsr-3882	149	5	the	the	DET
fsr-3882	149	6	portfolios	portfolio	NOUN
fsr-3882	149	7	is	be	AUX
fsr-3882	149	8	only	only	ADV
fsr-3882	149	9	0.72	0.72	NUM
fsr-3882	149	10	.	.	PUNCT
fsr-3882	150	1	although	although	SCONJ
fsr-3882	150	2	not	not	PART
fsr-3882	150	3	shown	show	VERB
fsr-3882	150	4	in	in	ADP
fsr-3882	150	5	the	the	DET
fsr-3882	150	6	table	table	NOUN
fsr-3882	150	7	,	,	PUNCT
fsr-3882	150	8	the	the	DET
fsr-3882	150	9	highest	high	ADJ
fsr-3882	150	10	portfolio	portfolio	NOUN
fsr-3882	150	11	beta	beta	NOUN
fsr-3882	150	12	is	be	AUX
fsr-3882	150	13	0.99	0.99	NUM
fsr-3882	150	14	and	and	CCONJ
fsr-3882	150	15	the	the	DET
fsr-3882	150	16	lowest	low	ADJ
fsr-3882	150	17	portfolio	portfolio	NOUN
fsr-3882	150	18	beta	beta	NOUN
fsr-3882	150	19	is	be	AUX
fsr-3882	150	20	0.48	0.48	NUM
fsr-3882	150	21	.	.	PUNCT
fsr-3882	151	1	the	the	DET
fsr-3882	151	2	betas	beta	NOUN
fsr-3882	151	3	may	may	AUX
fsr-3882	151	4	be	be	AUX
fsr-3882	151	5	biased	bias	VERB
fsr-3882	151	6	downward	downward	ADV
fsr-3882	151	7	owing	owe	VERB
fsr-3882	151	8	to	to	ADP
fsr-3882	151	9	the	the	DET
fsr-3882	151	10	selection	selection	NOUN
fsr-3882	151	11	of	of	ADP
fsr-3882	151	12	relatively	relatively	ADV
fsr-3882	151	13	smaller	small	ADJ
fsr-3882	151	14	firms	firm	NOUN
fsr-3882	151	15	in	in	ADP
fsr-3882	151	16	the	the	DET
fsr-3882	151	17	screening	screening	NOUN
fsr-3882	151	18	criteria	criterion	NOUN
fsr-3882	151	19	.	.	PUNCT
fsr-3882	152	1	scholes	schole	NOUN
fsr-3882	152	2	and	and	CCONJ
fsr-3882	152	3	williams	williams	PROPN
fsr-3882	152	4	(	(	PUNCT
fsr-3882	152	5	1977	1977	NUM
fsr-3882	152	6	)	)	PUNCT
fsr-3882	152	7	suggest	suggest	VERB
fsr-3882	152	8	beta	beta	ADJ
fsr-3882	152	9	adjustments	adjustment	NOUN
fsr-3882	152	10	to	to	PART
fsr-3882	152	11	account	account	VERB
fsr-3882	152	12	for	for	ADP
fsr-3882	152	13	non	non	ADJ
fsr-3882	152	14	-	-	ADJ
fsr-3882	152	15	synchronous	synchronous	ADJ
fsr-3882	152	16	trading	trading	NOUN
fsr-3882	152	17	.	.	PUNCT
fsr-3882	153	1	however	however	ADV
fsr-3882	153	2	,	,	PUNCT
fsr-3882	153	3	examination	examination	NOUN
fsr-3882	153	4	of	of	ADP
fsr-3882	153	5	the	the	DET
fsr-3882	153	6	data	datum	NOUN
fsr-3882	153	7	indicates	indicate	VERB
fsr-3882	153	8	that	that	SCONJ
fsr-3882	153	9	this	this	PRON
fsr-3882	153	10	is	be	AUX
fsr-3882	153	11	not	not	PART
fsr-3882	153	12	a	a	DET
fsr-3882	153	13	problem	problem	NOUN
fsr-3882	153	14	.	.	PUNCT
fsr-3882	154	1	firm	firm	ADJ
fsr-3882	154	2	size	size	NOUN
fsr-3882	154	3	in	in	ADP
fsr-3882	154	4	the	the	DET
fsr-3882	154	5	portfolios	portfolio	NOUN
fsr-3882	154	6	,	,	PUNCT
fsr-3882	154	7	although	although	SCONJ
fsr-3882	154	8	below	below	SCONJ
fsr-3882	154	9	the	the	DET
fsr-3882	154	10	market	market	NOUN
fsr-3882	154	11	mean	mean	VERB
fsr-3882	154	12	,	,	PUNCT
fsr-3882	154	13	have	have	VERB
fsr-3882	154	14	market	market	NOUN
fsr-3882	154	15	capitalization	capitalization	NOUN
fsr-3882	154	16	averaging	average	VERB
fsr-3882	154	17	$	$	SYM
fsr-3882	154	18	531	531	NUM
fsr-3882	154	19	million	million	NUM
fsr-3882	154	20	,	,	PUNCT
fsr-3882	154	21	ranking	ranking	ADJ
fsr-3882	154	22	firms	firm	NOUN
fsr-3882	154	23	in	in	ADP
fsr-3882	154	24	the	the	DET
fsr-3882	154	25	32nd	32nd	ADJ
fsr-3882	154	26	percentile	percentile	ADJ
fsr-3882	154	27	.	.	PUNCT
fsr-3882	155	1	high	high	ADJ
fsr-3882	155	2	trading	trading	NOUN
fsr-3882	155	3	volume	volume	NOUN
fsr-3882	155	4	is	be	AUX
fsr-3882	155	5	also	also	ADV
fsr-3882	155	6	a	a	DET
fsr-3882	155	7	selection	selection	NOUN
fsr-3882	155	8	criteria	criterion	NOUN
fsr-3882	155	9	.	.	PUNCT
fsr-3882	156	1	the	the	DET
fsr-3882	156	2	average	average	ADJ
fsr-3882	156	3	firm	firm	NOUN
fsr-3882	156	4	in	in	ADP
fsr-3882	156	5	the	the	DET
fsr-3882	156	6	portfolio	portfolio	NOUN
fsr-3882	156	7	is	be	AUX
fsr-3882	156	8	ranked	rank	VERB
fsr-3882	156	9	in	in	ADP
fsr-3882	156	10	the	the	DET
fsr-3882	156	11	85th	85th	ADJ
fsr-3882	156	12	percentile	percentile	NOUN
fsr-3882	156	13	in	in	ADP
fsr-3882	156	14	terms	term	NOUN
fsr-3882	156	15	of	of	ADP
fsr-3882	156	16	accumulation	accumulation	NOUN
fsr-3882	156	17	distribution	distribution	NOUN
fsr-3882	156	18	.	.	PUNCT
fsr-3882	157	1	the	the	DET
fsr-3882	157	2	other	other	ADJ
fsr-3882	157	3	characteristics	characteristic	NOUN
fsr-3882	157	4	of	of	ADP
fsr-3882	157	5	the	the	DET
fsr-3882	157	6	portfolio	portfolio	NOUN
fsr-3882	157	7	,	,	PUNCT
fsr-3882	157	8	displayed	display	VERB
fsr-3882	157	9	in	in	ADP
fsr-3882	157	10	table	table	NOUN
fsr-3882	157	11	4	4	NUM
fsr-3882	157	12	,	,	PUNCT
fsr-3882	157	13	are	be	AUX
fsr-3882	157	14	consistent	consistent	ADJ
fsr-3882	157	15	with	with	ADP
fsr-3882	157	16	the	the	DET
fsr-3882	157	17	a	a	DET
fsr-3882	157	18	priori	priori	ADJ
fsr-3882	157	19	screening	screening	NOUN
fsr-3882	157	20	criteria	criterion	NOUN
fsr-3882	157	21	.	.	PUNCT
fsr-3882	158	1	the	the	DET
fsr-3882	158	2	price	price	NOUN
fsr-3882	158	3	-	-	PUNCT
fsr-3882	158	4	to	to	ADP
fsr-3882	158	5	-	-	PUNCT
fsr-3882	158	6	sales	sale	NOUN
fsr-3882	158	7	ratio	ratio	NOUN
fsr-3882	158	8	averages	average	NOUN
fsr-3882	158	9	0.44	0.44	NUM
fsr-3882	158	10	,	,	PUNCT
fsr-3882	158	11	which	which	PRON
fsr-3882	158	12	is	be	AUX
fsr-3882	158	13	in	in	ADP
fsr-3882	158	14	the	the	DET
fsr-3882	158	15	lower	low	ADJ
fsr-3882	158	16	24	24	NUM
fsr-3882	158	17	%	%	NOUN
fsr-3882	158	18	of	of	ADP
fsr-3882	158	19	the	the	DET
fsr-3882	158	20	market	market	NOUN
fsr-3882	158	21	in	in	ADP
fsr-3882	158	22	ranking	ranking	NOUN
fsr-3882	158	23	,	,	PUNCT
fsr-3882	158	24	considering	consider	VERB
fsr-3882	158	25	all	all	DET
fsr-3882	158	26	exchanges	exchange	NOUN
fsr-3882	158	27	(	(	PUNCT
fsr-3882	158	28	nyse	nyse	PROPN
fsr-3882	158	29	,	,	PUNCT
fsr-3882	158	30	nasdaq	nasdaq	PROPN
fsr-3882	158	31	,	,	PUNCT
fsr-3882	158	32	and	and	CCONJ
fsr-3882	158	33	american	american	ADJ
fsr-3882	158	34	)	)	PUNCT
fsr-3882	158	35	.	.	PUNCT
fsr-3882	159	1	the	the	DET
fsr-3882	159	2	price	price	NOUN
fsr-3882	159	3	-	-	PUNCT
fsr-3882	159	4	to	to	ADP
fsr-3882	159	5	-	-	PUNCT
fsr-3882	159	6	earnings	earning	NOUN
fsr-3882	159	7	(	(	PUNCT
fsr-3882	159	8	p	p	X
fsr-3882	159	9	/	/	SYM
fsr-3882	159	10	e	e	NOUN
fsr-3882	159	11	)	)	PUNCT
fsr-3882	159	12	and	and	CCONJ
fsr-3882	159	13	price	price	NOUN
fsr-3882	159	14	-	-	PUNCT
fsr-3882	159	15	to	to	ADP
fsr-3882	159	16	-	-	PUNCT
fsr-3882	159	17	book	book	NOUN
fsr-3882	159	18	ratios	ratio	NOUN
fsr-3882	159	19	are	be	AUX
fsr-3882	159	20	not	not	PART
fsr-3882	159	21	considered	consider	VERB
fsr-3882	159	22	in	in	ADP
fsr-3882	159	23	the	the	DET
fsr-3882	159	24	selection	selection	NOUN
fsr-3882	159	25	criteria	criterion	NOUN
fsr-3882	159	26	,	,	PUNCT
fsr-3882	159	27	but	but	CCONJ
fsr-3882	159	28	average	average	ADJ
fsr-3882	159	29	in	in	ADP
fsr-3882	159	30	the	the	DET
fsr-3882	159	31	middle	middle	ADJ
fsr-3882	159	32	range	range	NOUN
fsr-3882	159	33	of	of	ADP
fsr-3882	159	34	the	the	DET
fsr-3882	159	35	market	market	NOUN
fsr-3882	159	36	,	,	PUNCT
fsr-3882	159	37	i.e.	i.e.	X
fsr-3882	159	38	,	,	PUNCT
fsr-3882	159	39	57–60	57–60	NUM
fsr-3882	159	40	%	%	NOUN
fsr-3882	159	41	ranking	ranking	NOUN
fsr-3882	159	42	.	.	PUNCT
fsr-3882	160	1	the	the	DET
fsr-3882	160	2	size	size	NOUN
fsr-3882	160	3	of	of	ADP
fsr-3882	160	4	the	the	DET
fsr-3882	160	5	firms	firm	NOUN
fsr-3882	160	6	in	in	ADP
fsr-3882	160	7	the	the	DET
fsr-3882	160	8	market	market	NOUN
fsr-3882	160	9	,	,	PUNCT
fsr-3882	160	10	measured	measure	VERB
fsr-3882	160	11	by	by	ADP
fsr-3882	160	12	market	market	NOUN
fsr-3882	160	13	capitalization	capitalization	NOUN
fsr-3882	160	14	,	,	PUNCT
fsr-3882	160	15	is	be	AUX
fsr-3882	160	16	in	in	ADP
fsr-3882	160	17	the	the	DET
fsr-3882	160	18	lower	low	ADJ
fsr-3882	160	19	end	end	NOUN
fsr-3882	160	20	.	.	PUNCT
fsr-3882	161	1	the	the	DET
fsr-3882	161	2	average	average	ADJ
fsr-3882	161	3	firm	firm	NOUN
fsr-3882	161	4	’s	’s	PART
fsr-3882	161	5	total	total	ADJ
fsr-3882	161	6	market	market	NOUN
fsr-3882	161	7	capitalization	capitalization	NOUN
fsr-3882	161	8	in	in	ADP
fsr-3882	161	9	the	the	DET
fsr-3882	161	10	portfolio	portfolio	NOUN
fsr-3882	161	11	is	be	AUX
fsr-3882	161	12	$	$	SYM
fsr-3882	161	13	531.42	531.42	NUM
fsr-3882	161	14	million	million	NUM
fsr-3882	161	15	,	,	PUNCT
fsr-3882	161	16	which	which	PRON
fsr-3882	161	17	places	place	VERB
fsr-3882	161	18	it	it	PRON
fsr-3882	161	19	in	in	ADP
fsr-3882	161	20	the	the	DET
fsr-3882	161	21	lower	low	ADJ
fsr-3882	161	22	32	32	NUM
fsr-3882	161	23	%	%	NOUN
fsr-3882	161	24	in	in	ADP
fsr-3882	161	25	market	market	NOUN
fsr-3882	161	26	rank	rank	NOUN
fsr-3882	161	27	.	.	PUNCT
fsr-3882	162	1	the	the	DET
fsr-3882	162	2	earnings	earning	NOUN
fsr-3882	162	3	per	per	ADP
fsr-3882	162	4	share	share	NOUN
fsr-3882	162	5	are	be	AUX
fsr-3882	162	6	$	$	SYM
fsr-3882	162	7	0.61	0.61	NUM
fsr-3882	162	8	,	,	PUNCT
fsr-3882	162	9	which	which	PRON
fsr-3882	162	10	is	be	AUX
fsr-3882	162	11	in	in	ADP
fsr-3882	162	12	the	the	DET
fsr-3882	162	13	middle	middle	NOUN
fsr-3882	162	14	of	of	ADP
fsr-3882	162	15	the	the	DET
fsr-3882	162	16	market	market	NOUN
fsr-3882	162	17	in	in	ADP
fsr-3882	162	18	percentile	percentile	NOUN
fsr-3882	162	19	ranking	rank	VERB
fsr-3882	162	20	at	at	ADP
fsr-3882	162	21	59	59	NUM
fsr-3882	162	22	%	%	NOUN
fsr-3882	162	23	.	.	PUNCT
fsr-3882	163	1	however	however	ADV
fsr-3882	163	2	,	,	PUNCT
fsr-3882	163	3	the	the	DET
fsr-3882	163	4	portfolio	portfolio	NOUN
fsr-3882	163	5	roe	roe	PROPN
fsr-3882	163	6	is	be	AUX
fsr-3882	163	7	relatively	relatively	ADV
fsr-3882	163	8	high	high	ADJ
fsr-3882	163	9	,	,	PUNCT
fsr-3882	163	10	placing	place	VERB
fsr-3882	163	11	it	it	PRON
fsr-3882	163	12	at	at	ADP
fsr-3882	163	13	91	91	NUM
fsr-3882	163	14	%	%	NOUN
fsr-3882	163	15	in	in	ADP
fsr-3882	163	16	market	market	NOUN
fsr-3882	163	17	rank	rank	NOUN
fsr-3882	163	18	.	.	PUNCT
fsr-3882	164	1	price	price	NOUN
fsr-3882	164	2	performance	performance	NOUN
fsr-3882	164	3	,	,	PUNCT
fsr-3882	164	4	that	that	PRON
fsr-3882	164	5	measures	measure	VERB
fsr-3882	164	6	the	the	DET
fsr-3882	164	7	relative	relative	ADJ
fsr-3882	164	8	price	price	NOUN
fsr-3882	164	9	increases	increase	NOUN
fsr-3882	164	10	over	over	ADP
fsr-3882	164	11	a	a	DET
fsr-3882	164	12	year	year	NOUN
fsr-3882	164	13	,	,	PUNCT
fsr-3882	164	14	is	be	AUX
fsr-3882	164	15	in	in	ADP
fsr-3882	164	16	the	the	DET
fsr-3882	164	17	top	top	ADJ
fsr-3882	164	18	90	90	NUM
fsr-3882	164	19	%	%	NOUN
fsr-3882	164	20	of	of	ADP
fsr-3882	164	21	all	all	DET
fsr-3882	164	22	stocks	stock	NOUN
fsr-3882	164	23	in	in	ADP
fsr-3882	164	24	the	the	DET
fsr-3882	164	25	market	market	NOUN
fsr-3882	164	26	.	.	PUNCT
fsr-3882	165	1	the	the	DET
fsr-3882	165	2	moving	move	VERB
fsr-3882	165	3	average	average	ADJ
fsr-3882	165	4	price	price	NOUN
fsr-3882	165	5	ratio	ratio	NOUN
fsr-3882	165	6	ranks	rank	VERB
fsr-3882	165	7	in	in	ADP
fsr-3882	165	8	the	the	DET
fsr-3882	165	9	top	top	ADJ
fsr-3882	165	10	89	89	NUM
fsr-3882	165	11	%	%	NOUN
fsr-3882	165	12	,	,	PUNCT
fsr-3882	165	13	confirming	confirm	VERB
fsr-3882	165	14	that	that	SCONJ
fsr-3882	165	15	the	the	DET
fsr-3882	165	16	price	price	NOUN
fsr-3882	165	17	at	at	ADP
fsr-3882	165	18	selection	selection	NOUN
fsr-3882	165	19	is	be	AUX
fsr-3882	165	20	relatively	relatively	ADV
fsr-3882	165	21	high	high	ADJ
fsr-3882	165	22	in	in	ADP
fsr-3882	165	23	relation	relation	NOUN
fsr-3882	165	24	to	to	ADP
fsr-3882	165	25	its	its	PRON
fsr-3882	165	26	50	50	NUM
fsr-3882	165	27	-	-	PUNCT
fsr-3882	165	28	day	day	NOUN
fsr-3882	165	29	moving	move	VERB
fsr-3882	165	30	average	average	ADJ
fsr-3882	165	31	.	.	PUNCT
fsr-3882	166	1	trading	trading	NOUN
fsr-3882	166	2	volume	volume	NOUN
fsr-3882	166	3	measured	measure	VERB
fsr-3882	166	4	as	as	ADP
fsr-3882	166	5	accumulation	accumulation	NOUN
fsr-3882	166	6	distribution	distribution	NOUN
fsr-3882	166	7	is	be	AUX
fsr-3882	166	8	relatively	relatively	ADV
fsr-3882	166	9	high	high	ADJ
fsr-3882	166	10	,	,	PUNCT
fsr-3882	166	11	ranking	rank	VERB
fsr-3882	166	12	in	in	ADP
fsr-3882	166	13	the	the	DET
fsr-3882	166	14	top	top	ADJ
fsr-3882	166	15	85	85	NUM
fsr-3882	166	16	%	%	NOUN
fsr-3882	166	17	.	.	PUNCT
fsr-3882	167	1	the	the	DET
fsr-3882	167	2	selected	select	VERB
fsr-3882	167	3	exchanges	exchange	NOUN
fsr-3882	167	4	are	be	AUX
fsr-3882	167	5	shown	show	VERB
fsr-3882	167	6	at	at	ADP
fsr-3882	167	7	the	the	DET
fsr-3882	167	8	bottom	bottom	NOUN
fsr-3882	167	9	of	of	ADP
fsr-3882	167	10	table	table	NOUN
fsr-3882	167	11	4	4	NUM
fsr-3882	167	12	.	.	PUNCT
fsr-3882	168	1	most	most	ADJ
fsr-3882	168	2	stocks	stock	NOUN
fsr-3882	168	3	in	in	ADP
fsr-3882	168	4	the	the	DET
fsr-3882	168	5	portfolios	portfolio	NOUN
fsr-3882	168	6	are	be	AUX
fsr-3882	168	7	selected	select	VERB
fsr-3882	168	8	consistently	consistently	ADV
fsr-3882	168	9	from	from	ADP
fsr-3882	168	10	the	the	DET
fsr-3882	168	11	nasdaq	nasdaq	PROPN
fsr-3882	168	12	exchange	exchange	NOUN
fsr-3882	168	13	.	.	PUNCT
fsr-3882	169	1	the	the	DET
fsr-3882	169	2	nasdaq	nasdaq	PROPN
fsr-3882	169	3	averaged	average	VERB
fsr-3882	169	4	68.34	68.34	NUM
fsr-3882	169	5	%	%	NOUN
fsr-3882	169	6	of	of	ADP
fsr-3882	169	7	the	the	DET
fsr-3882	169	8	portfolio	portfolio	NOUN
fsr-3882	169	9	dollars	dollar	NOUN
fsr-3882	169	10	,	,	PUNCT
fsr-3882	169	11	but	but	CCONJ
fsr-3882	169	12	it	it	PRON
fsr-3882	169	13	is	be	AUX
fsr-3882	169	14	as	as	ADV
fsr-3882	169	15	low	low	ADJ
fsr-3882	169	16	as	as	ADP
fsr-3882	169	17	49.4	49.4	NUM
fsr-3882	169	18	%	%	NOUN
fsr-3882	169	19	in	in	ADP
fsr-3882	169	20	some	some	DET
fsr-3882	169	21	quarters	quarter	NOUN
fsr-3882	169	22	and	and	CCONJ
fsr-3882	169	23	as	as	ADV
fsr-3882	169	24	high	high	ADJ
fsr-3882	169	25	as	as	ADP
fsr-3882	169	26	86.1	86.1	NUM
fsr-3882	169	27	%	%	NOUN
fsr-3882	169	28	in	in	ADP
fsr-3882	169	29	others	other	NOUN
fsr-3882	169	30	.	.	PUNCT
fsr-3882	170	1	on	on	ADP
fsr-3882	170	2	average	average	ADJ
fsr-3882	170	3	,	,	PUNCT
fsr-3882	170	4	only	only	ADV
fsr-3882	170	5	12.89	12.89	NUM
fsr-3882	170	6	%	%	NOUN
fsr-3882	170	7	of	of	ADP
fsr-3882	170	8	the	the	DET
fsr-3882	170	9	portfolio	portfolio	NOUN
fsr-3882	170	10	stocks	stock	NOUN
fsr-3882	170	11	are	be	AUX
fsr-3882	170	12	from	from	ADP
fsr-3882	170	13	the	the	DET
fsr-3882	170	14	nyse	nyse	PROPN
fsr-3882	170	15	and	and	CCONJ
fsr-3882	170	16	18.77	18.77	NUM
fsr-3882	170	17	%	%	NOUN
fsr-3882	170	18	from	from	ADP
fsr-3882	170	19	the	the	DET
fsr-3882	170	20	ame	ame	PROPN
fsr-3882	170	21	.	.	PUNCT
fsr-3882	171	1	this	this	DET
fsr-3882	171	2	tracks	track	VERB
fsr-3882	171	3	well	well	ADV
fsr-3882	171	4	with	with	ADP
fsr-3882	171	5	the	the	DET
fsr-3882	171	6	ranking	ranking	NOUN
fsr-3882	171	7	criteria	criterion	NOUN
fsr-3882	171	8	that	that	PRON
fsr-3882	171	9	gives	give	VERB
fsr-3882	171	10	priority	priority	NOUN
fsr-3882	171	11	to	to	ADP
fsr-3882	171	12	industries	industry	NOUN
fsr-3882	171	13	with	with	ADP
fsr-3882	171	14	high	high	ADJ
fsr-3882	171	15	table	table	NOUN
fsr-3882	171	16	4	4	NUM
fsr-3882	171	17	average	average	NOUN
fsr-3882	171	18	portfolio	portfolio	NOUN
fsr-3882	171	19	characteristics	characteristic	NOUN
fsr-3882	171	20	:	:	PUNCT
fsr-3882	171	21	models	model	VERB
fsr-3882	171	22	1–9	1–9	NUM
fsr-3882	171	23	portfolio	portfolio	NOUN
fsr-3882	171	24	mean	mean	VERB
fsr-3882	171	25	percentile	percentile	ADJ
fsr-3882	171	26	(	(	PUNCT
fsr-3882	171	27	%	%	INTJ
fsr-3882	171	28	)	)	PUNCT
fsr-3882	171	29	rank	rank	NOUN
fsr-3882	171	30	in	in	ADP
fsr-3882	171	31	market	market	NOUN
fsr-3882	171	32	beta	beta	NOUN
fsr-3882	171	33	0.72	0.72	NUM
fsr-3882	171	34	—	—	PUNCT
fsr-3882	171	35	price	price	NOUN
fsr-3882	171	36	/	/	SYM
fsr-3882	171	37	sales	sale	NOUN
fsr-3882	171	38	0.44	0.44	NUM
fsr-3882	171	39	24	24	NUM
fsr-3882	171	40	p	p	NOUN
fsr-3882	171	41	/	/	SYM
fsr-3882	171	42	e	e	NOUN
fsr-3882	171	43	ratio	ratio	NOUN
fsr-3882	171	44	20.73	20.73	NUM
fsr-3882	171	45	60	60	NUM
fsr-3882	171	46	price	price	NOUN
fsr-3882	171	47	/	/	SYM
fsr-3882	171	48	book	book	NOUN
fsr-3882	171	49	2.08	2.08	NUM
fsr-3882	171	50	57	57	NUM
fsr-3882	171	51	capitalization	capitalization	NOUN
fsr-3882	171	52	(	(	PUNCT
fsr-3882	171	53	mil$	mil$	PROPN
fsr-3882	171	54	)	)	PUNCT
fsr-3882	171	55	531.42	531.42	NUM
fsr-3882	171	56	32	32	NUM
fsr-3882	171	57	roe	roe	NOUN
fsr-3882	171	58	0.46	0.46	NUM
fsr-3882	171	59	91	91	NUM
fsr-3882	171	60	earnings	earning	NOUN
fsr-3882	171	61	/	/	SYM
fsr-3882	171	62	share	share	NOUN
fsr-3882	171	63	(	(	PUNCT
fsr-3882	171	64	$	$	SYM
fsr-3882	171	65	)	)	PUNCT
fsr-3882	171	66	0.61	0.61	NUM
fsr-3882	171	67	59	59	NUM
fsr-3882	171	68	price	price	NOUN
fsr-3882	171	69	/	/	SYM
fsr-3882	171	70	rank	rank	NOUN
fsr-3882	171	71	(	(	PUNCT
fsr-3882	171	72	%	%	NOUN
fsr-3882	171	73	)	)	PUNCT
fsr-3882	171	74	118.50	118.50	NUM
fsr-3882	171	75	90	90	NUM
fsr-3882	171	76	ma	ma	PROPN
fsr-3882	171	77	price	price	NOUN
fsr-3882	171	78	ratio	ratio	NOUN
fsr-3882	171	79	(	(	PUNCT
fsr-3882	171	80	%	%	INTJ
fsr-3882	171	81	)	)	PUNCT
fsr-3882	171	82	115.35	115.35	NUM
fsr-3882	171	83	89	89	NUM
fsr-3882	171	84	accum	accum	PROPN
fsr-3882	171	85	.	.	PUNCT
fsr-3882	172	1	distr	distr	PROPN
fsr-3882	172	2	.	.	PUNCT
fsr-3882	173	1	(	(	PUNCT
fsr-3882	173	2	mil$	mil$	PROPN
fsr-3882	173	3	)	)	PUNCT
fsr-3882	173	4	79.87	79.87	NUM
fsr-3882	173	5	85	85	NUM
fsr-3882	173	6	nasdaq	nasdaq	NOUN
fsr-3882	173	7	(	(	PUNCT
fsr-3882	173	8	%	%	NOUN
fsr-3882	173	9	)	)	PUNCT
fsr-3882	173	10	68.34	68.34	NUM
fsr-3882	173	11	—	—	PUNCT
fsr-3882	173	12	ame	ame	PROPN
fsr-3882	173	13	(	(	PUNCT
fsr-3882	173	14	%	%	INTJ
fsr-3882	173	15	)	)	PUNCT
fsr-3882	173	16	18.77	18.77	NUM
fsr-3882	173	17	—	—	PUNCT
fsr-3882	173	18	nyse	nyse	PROPN
fsr-3882	173	19	(	(	PUNCT
fsr-3882	173	20	%	%	INTJ
fsr-3882	173	21	)	)	PUNCT
fsr-3882	173	22	12.89	12.89	NUM
fsr-3882	173	23	—	—	PUNCT
fsr-3882	173	24	68	68	NUM
fsr-3882	173	25	s.c	s.c	PROPN
fsr-3882	173	26	.	.	PROPN
fsr-3882	173	27	gold	gold	NOUN
fsr-3882	173	28	,	,	PUNCT
fsr-3882	173	29	p.	p.	NOUN
fsr-3882	173	30	lebowitz	lebowitz	PROPN
fsr-3882	173	31	/	/	SYM
fsr-3882	173	32	financial	financial	ADJ
fsr-3882	173	33	services	service	NOUN
fsr-3882	173	34	review	review	VERB
fsr-3882	173	35	8	8	NUM
fsr-3882	173	36	(	(	PUNCT
fsr-3882	173	37	1999	1999	NUM
fsr-3882	173	38	)	)	PUNCT
fsr-3882	173	39	61–70	61–70	PROPN
fsr-3882	173	40	relative	relative	ADJ
fsr-3882	173	41	price	price	NOUN
fsr-3882	173	42	growth	growth	NOUN
fsr-3882	173	43	.	.	PUNCT
fsr-3882	174	1	because	because	SCONJ
fsr-3882	174	2	the	the	DET
fsr-3882	174	3	nasdaq	nasdaq	NOUN
fsr-3882	174	4	had	have	VERB
fsr-3882	174	5	a	a	DET
fsr-3882	174	6	concentration	concentration	NOUN
fsr-3882	174	7	of	of	ADP
fsr-3882	174	8	high	high	ADJ
fsr-3882	174	9	growth	growth	NOUN
fsr-3882	174	10	stocks	stock	NOUN
fsr-3882	174	11	during	during	ADP
fsr-3882	174	12	the	the	DET
fsr-3882	174	13	study	study	NOUN
fsr-3882	174	14	period	period	NOUN
fsr-3882	174	15	,	,	PUNCT
fsr-3882	174	16	it	it	PRON
fsr-3882	174	17	confirms	confirm	VERB
fsr-3882	174	18	the	the	DET
fsr-3882	174	19	power	power	NOUN
fsr-3882	174	20	of	of	ADP
fsr-3882	174	21	the	the	DET
fsr-3882	174	22	model	model	NOUN
fsr-3882	174	23	to	to	PART
fsr-3882	174	24	switch	switch	VERB
fsr-3882	174	25	to	to	ADP
fsr-3882	174	26	high	high	ADJ
fsr-3882	174	27	growth	growth	NOUN
fsr-3882	174	28	industries	industry	NOUN
fsr-3882	174	29	.	.	PUNCT
fsr-3882	175	1	6	6	X
fsr-3882	175	2	.	.	X
fsr-3882	175	3	conclusions	conclusion	NOUN
fsr-3882	175	4	advances	advance	VERB
fsr-3882	175	5	in	in	ADP
fsr-3882	175	6	communication	communication	NOUN
fsr-3882	175	7	and	and	CCONJ
fsr-3882	175	8	technology	technology	NOUN
fsr-3882	175	9	now	now	ADV
fsr-3882	175	10	place	place	VERB
fsr-3882	175	11	powerful	powerful	ADJ
fsr-3882	175	12	screening	screening	NOUN
fsr-3882	175	13	tools	tool	NOUN
fsr-3882	175	14	in	in	ADP
fsr-3882	175	15	the	the	DET
fsr-3882	175	16	hands	hand	NOUN
fsr-3882	175	17	of	of	ADP
fsr-3882	175	18	serious	serious	ADJ
fsr-3882	175	19	investors	investor	NOUN
fsr-3882	175	20	.	.	PUNCT
fsr-3882	176	1	they	they	PRON
fsr-3882	176	2	can	can	AUX
fsr-3882	176	3	rapidly	rapidly	ADV
fsr-3882	176	4	search	search	VERB
fsr-3882	176	5	large	large	ADJ
fsr-3882	176	6	databases	database	NOUN
fsr-3882	176	7	in	in	ADP
fsr-3882	176	8	real	real	ADJ
fsr-3882	176	9	time	time	NOUN
fsr-3882	176	10	with	with	ADP
fsr-3882	176	11	complex	complex	ADJ
fsr-3882	176	12	screening	screening	NOUN
fsr-3882	176	13	rules	rule	NOUN
fsr-3882	176	14	to	to	PART
fsr-3882	176	15	select	select	VERB
fsr-3882	176	16	the	the	DET
fsr-3882	176	17	best	good	ADJ
fsr-3882	176	18	stocks	stock	NOUN
fsr-3882	176	19	in	in	ADP
fsr-3882	176	20	the	the	DET
fsr-3882	176	21	universe	universe	NOUN
fsr-3882	176	22	that	that	PRON
fsr-3882	176	23	fit	fit	VERB
fsr-3882	176	24	a	a	DET
fsr-3882	176	25	set	set	NOUN
fsr-3882	176	26	of	of	ADP
fsr-3882	176	27	criteria	criterion	NOUN
fsr-3882	176	28	and	and	CCONJ
fsr-3882	176	29	they	they	PRON
fsr-3882	176	30	can	can	AUX
fsr-3882	176	31	find	find	VERB
fsr-3882	176	32	results	result	NOUN
fsr-3882	176	33	in	in	ADP
fsr-3882	176	34	seconds	second	NOUN
fsr-3882	176	35	.	.	PUNCT
fsr-3882	177	1	the	the	DET
fsr-3882	177	2	costs	cost	NOUN
fsr-3882	177	3	of	of	ADP
fsr-3882	177	4	using	use	VERB
fsr-3882	177	5	professional	professional	ADJ
fsr-3882	177	6	screening	screening	NOUN
fsr-3882	177	7	programs	program	NOUN
fsr-3882	177	8	have	have	AUX
fsr-3882	177	9	been	be	AUX
fsr-3882	177	10	declining	decline	VERB
fsr-3882	177	11	,	,	PUNCT
fsr-3882	177	12	making	make	VERB
fsr-3882	177	13	these	these	DET
fsr-3882	177	14	programs	program	NOUN
fsr-3882	177	15	accessible	accessible	ADJ
fsr-3882	177	16	to	to	ADP
fsr-3882	177	17	the	the	DET
fsr-3882	177	18	individual	individual	ADJ
fsr-3882	177	19	investor	investor	NOUN
fsr-3882	177	20	.	.	PUNCT
fsr-3882	178	1	the	the	DET
fsr-3882	178	2	screening	screening	NOUN
fsr-3882	178	3	model	model	NOUN
fsr-3882	178	4	in	in	ADP
fsr-3882	178	5	this	this	DET
fsr-3882	178	6	study	study	NOUN
fsr-3882	178	7	is	be	AUX
fsr-3882	178	8	robust	robust	ADJ
fsr-3882	178	9	enough	enough	ADV
fsr-3882	178	10	to	to	PART
fsr-3882	178	11	work	work	VERB
fsr-3882	178	12	well	well	ADV
fsr-3882	178	13	with	with	ADP
fsr-3882	178	14	as	as	ADV
fsr-3882	178	15	little	little	ADJ
fsr-3882	178	16	as	as	ADP
fsr-3882	178	17	20	20	NUM
fsr-3882	178	18	different	different	ADJ
fsr-3882	178	19	stocks	stock	NOUN
fsr-3882	178	20	in	in	ADP
fsr-3882	178	21	the	the	DET
fsr-3882	178	22	portfolio	portfolio	NOUN
fsr-3882	178	23	,	,	PUNCT
fsr-3882	178	24	requiring	require	VERB
fsr-3882	178	25	an	an	DET
fsr-3882	178	26	investment	investment	NOUN
fsr-3882	178	27	of	of	ADP
fsr-3882	178	28	only	only	ADV
fsr-3882	178	29	$	$	SYM
fsr-3882	178	30	40	40	NUM
fsr-3882	178	31	,	,	PUNCT
fsr-3882	178	32	000	000	NUM
fsr-3882	178	33	.	.	PUNCT
fsr-3882	178	34	without	without	ADP
fsr-3882	178	35	considering	consider	VERB
fsr-3882	178	36	any	any	DET
fsr-3882	178	37	tax	tax	NOUN
fsr-3882	178	38	consequences	consequence	NOUN
fsr-3882	178	39	,	,	PUNCT
fsr-3882	178	40	the	the	DET
fsr-3882	178	41	portfolio	portfolio	NOUN
fsr-3882	178	42	returns	return	NOUN
fsr-3882	178	43	of	of	ADP
fsr-3882	178	44	the	the	DET
fsr-3882	178	45	screening	screening	NOUN
fsr-3882	178	46	models	model	NOUN
fsr-3882	178	47	significantly	significantly	ADV
fsr-3882	178	48	exceed	exceed	VERB
fsr-3882	178	49	the	the	DET
fsr-3882	178	50	average	average	ADJ
fsr-3882	178	51	exchange	exchange	NOUN
fsr-3882	178	52	indices	index	NOUN
fsr-3882	178	53	and	and	CCONJ
fsr-3882	178	54	are	be	AUX
fsr-3882	178	55	almost	almost	ADV
fsr-3882	178	56	twice	twice	DET
fsr-3882	178	57	the	the	DET
fsr-3882	178	58	median	median	ADJ
fsr-3882	178	59	returns	return	NOUN
fsr-3882	178	60	achieved	achieve	VERB
fsr-3882	178	61	by	by	ADP
fsr-3882	178	62	professional	professional	ADJ
fsr-3882	178	63	fund	fund	NOUN
fsr-3882	178	64	managers	manager	NOUN
fsr-3882	178	65	.	.	PUNCT
fsr-3882	179	1	what	what	PRON
fsr-3882	179	2	accounts	account	VERB
fsr-3882	179	3	for	for	ADP
fsr-3882	179	4	the	the	DET
fsr-3882	179	5	success	success	NOUN
fsr-3882	179	6	of	of	ADP
fsr-3882	179	7	the	the	DET
fsr-3882	179	8	screening	screening	NOUN
fsr-3882	179	9	model	model	NOUN
fsr-3882	179	10	in	in	ADP
fsr-3882	179	11	this	this	DET
fsr-3882	179	12	study	study	NOUN
fsr-3882	179	13	?	?	PUNCT
fsr-3882	180	1	four	four	NUM
fsr-3882	180	2	considerations	consideration	NOUN
fsr-3882	180	3	are	be	AUX
fsr-3882	180	4	important	important	ADJ
fsr-3882	180	5	.	.	PUNCT
fsr-3882	181	1	first	first	ADV
fsr-3882	181	2	,	,	PUNCT
fsr-3882	181	3	the	the	DET
fsr-3882	181	4	evidence	evidence	NOUN
fsr-3882	181	5	is	be	AUX
fsr-3882	181	6	consistent	consistent	ADJ
fsr-3882	181	7	with	with	ADP
fsr-3882	181	8	delayed	delay	VERB
fsr-3882	181	9	price	price	NOUN
fsr-3882	181	10	reactions	reaction	NOUN
fsr-3882	181	11	to	to	ADP
fsr-3882	181	12	firm	firm	ADJ
fsr-3882	181	13	-	-	PUNCT
fsr-3882	181	14	specific	specific	ADJ
fsr-3882	181	15	information	information	NOUN
fsr-3882	181	16	.	.	PUNCT
fsr-3882	182	1	perhaps	perhaps	ADV
fsr-3882	182	2	the	the	DET
fsr-3882	182	3	market	market	NOUN
fsr-3882	182	4	is	be	AUX
fsr-3882	182	5	slow	slow	ADJ
fsr-3882	182	6	to	to	PART
fsr-3882	182	7	react	react	VERB
fsr-3882	182	8	because	because	SCONJ
fsr-3882	182	9	large	large	ADJ
fsr-3882	182	10	institutional	institutional	ADJ
fsr-3882	182	11	investors	investor	NOUN
fsr-3882	182	12	’	'	PUNCT
fsr-3882	182	13	costs	cost	NOUN
fsr-3882	182	14	(	(	PUNCT
fsr-3882	182	15	both	both	CCONJ
fsr-3882	182	16	direct	direct	ADJ
fsr-3882	182	17	and	and	CCONJ
fsr-3882	182	18	indirect	indirect	ADJ
fsr-3882	182	19	)	)	PUNCT
fsr-3882	182	20	are	be	AUX
fsr-3882	182	21	too	too	ADV
fsr-3882	182	22	high	high	ADJ
fsr-3882	182	23	,	,	PUNCT
fsr-3882	182	24	leaving	leave	VERB
fsr-3882	182	25	an	an	DET
fsr-3882	182	26	opportunity	opportunity	NOUN
fsr-3882	182	27	for	for	SCONJ
fsr-3882	182	28	the	the	DET
fsr-3882	182	29	efficient	efficient	ADJ
fsr-3882	182	30	individual	individual	ADJ
fsr-3882	182	31	investor	investor	NOUN
fsr-3882	182	32	to	to	PART
fsr-3882	182	33	move	move	VERB
fsr-3882	182	34	more	more	ADV
fsr-3882	182	35	rapidly	rapidly	ADV
fsr-3882	182	36	by	by	ADP
fsr-3882	182	37	taking	take	VERB
fsr-3882	182	38	advantage	advantage	NOUN
fsr-3882	182	39	of	of	ADP
fsr-3882	182	40	recent	recent	ADJ
fsr-3882	182	41	developments	development	NOUN
fsr-3882	182	42	in	in	ADP
fsr-3882	182	43	information	information	NOUN
fsr-3882	182	44	technology	technology	NOUN
fsr-3882	182	45	.	.	PUNCT
fsr-3882	183	1	second	second	ADJ
fsr-3882	183	2	,	,	PUNCT
fsr-3882	183	3	the	the	DET
fsr-3882	183	4	indicators	indicator	NOUN
fsr-3882	183	5	are	be	AUX
fsr-3882	183	6	selected	select	VERB
fsr-3882	183	7	based	base	VERB
fsr-3882	183	8	on	on	ADP
fsr-3882	183	9	a	a	DET
fsr-3882	183	10	review	review	NOUN
fsr-3882	183	11	of	of	ADP
fsr-3882	183	12	the	the	DET
fsr-3882	183	13	empirical	empirical	ADJ
fsr-3882	183	14	literature	literature	NOUN
fsr-3882	183	15	.	.	PUNCT
fsr-3882	184	1	only	only	ADV
fsr-3882	184	2	included	include	VERB
fsr-3882	184	3	are	be	AUX
fsr-3882	184	4	those	those	DET
fsr-3882	184	5	indicators	indicator	NOUN
fsr-3882	184	6	that	that	PRON
fsr-3882	184	7	proved	prove	VERB
fsr-3882	184	8	successful	successful	ADJ
fsr-3882	184	9	in	in	ADP
fsr-3882	184	10	prior	prior	ADJ
fsr-3882	184	11	studies	study	NOUN
fsr-3882	184	12	.	.	PUNCT
fsr-3882	185	1	third	third	ADJ
fsr-3882	185	2	,	,	PUNCT
fsr-3882	185	3	both	both	CCONJ
fsr-3882	185	4	fundamental	fundamental	ADJ
fsr-3882	185	5	and	and	CCONJ
fsr-3882	185	6	technical	technical	ADJ
fsr-3882	185	7	filters	filter	NOUN
fsr-3882	185	8	are	be	AUX
fsr-3882	185	9	linked	link	VERB
fsr-3882	185	10	to	to	PART
fsr-3882	185	11	take	take	VERB
fsr-3882	185	12	advantage	advantage	NOUN
fsr-3882	185	13	of	of	ADP
fsr-3882	185	14	synergistic	synergistic	ADJ
fsr-3882	185	15	effects	effect	NOUN
fsr-3882	185	16	.	.	PUNCT
fsr-3882	186	1	finally	finally	ADV
fsr-3882	186	2	,	,	PUNCT
fsr-3882	186	3	strong	strong	ADJ
fsr-3882	186	4	industry	industry	NOUN
fsr-3882	186	5	sectors	sector	NOUN
fsr-3882	186	6	are	be	AUX
fsr-3882	186	7	given	give	VERB
fsr-3882	186	8	priority	priority	NOUN
fsr-3882	186	9	to	to	PART
fsr-3882	186	10	account	account	VERB
fsr-3882	186	11	for	for	ADP
fsr-3882	186	12	current	current	ADJ
fsr-3882	186	13	and	and	CCONJ
fsr-3882	186	14	changing	change	VERB
fsr-3882	186	15	macroeconomic	macroeconomic	ADJ
fsr-3882	186	16	conditions	condition	NOUN
fsr-3882	186	17	.	.	PUNCT
fsr-3882	187	1	although	although	SCONJ
fsr-3882	187	2	the	the	DET
fsr-3882	187	3	results	result	NOUN
fsr-3882	187	4	are	be	AUX
fsr-3882	187	5	favorable	favorable	ADJ
fsr-3882	187	6	,	,	PUNCT
fsr-3882	187	7	the	the	DET
fsr-3882	187	8	data	data	NOUN
fsr-3882	187	9	is	be	AUX
fsr-3882	187	10	limited	limit	VERB
fsr-3882	187	11	,	,	PUNCT
fsr-3882	187	12	covering	cover	VERB
fsr-3882	187	13	only	only	ADV
fsr-3882	187	14	a	a	DET
fsr-3882	187	15	three	three	NUM
fsr-3882	187	16	-	-	PUNCT
fsr-3882	187	17	to	to	ADP
fsr-3882	187	18	-	-	PUNCT
fsr-3882	187	19	four	four	NUM
fsr-3882	187	20	year	year	NOUN
fsr-3882	187	21	time	time	NOUN
fsr-3882	187	22	horizon	horizon	NOUN
fsr-3882	187	23	.	.	PUNCT
fsr-3882	188	1	the	the	DET
fsr-3882	188	2	time	time	NOUN
fsr-3882	188	3	interval	interval	NOUN
fsr-3882	188	4	includes	include	VERB
fsr-3882	188	5	the	the	DET
fsr-3882	188	6	asian	asian	ADJ
fsr-3882	188	7	crisis	crisis	NOUN
fsr-3882	188	8	and	and	CCONJ
fsr-3882	188	9	a	a	DET
fsr-3882	188	10	market	market	NOUN
fsr-3882	188	11	decline	decline	NOUN
fsr-3882	188	12	,	,	PUNCT
fsr-3882	188	13	but	but	CCONJ
fsr-3882	188	14	most	most	ADJ
fsr-3882	188	15	quarters	quarter	NOUN
fsr-3882	188	16	are	be	AUX
fsr-3882	188	17	in	in	ADP
fsr-3882	188	18	a	a	DET
fsr-3882	188	19	growth	growth	NOUN
fsr-3882	188	20	market	market	NOUN
fsr-3882	188	21	.	.	PUNCT
fsr-3882	189	1	more	more	ADJ
fsr-3882	189	2	work	work	NOUN
fsr-3882	189	3	is	be	AUX
fsr-3882	189	4	needed	need	VERB
fsr-3882	189	5	to	to	PART
fsr-3882	189	6	confirm	confirm	VERB
fsr-3882	189	7	the	the	DET
fsr-3882	189	8	model	model	NOUN
fsr-3882	189	9	,	,	PUNCT
fsr-3882	189	10	especially	especially	ADV
fsr-3882	189	11	in	in	ADP
fsr-3882	189	12	declining	decline	VERB
fsr-3882	189	13	markets	market	NOUN
fsr-3882	189	14	.	.	PUNCT
fsr-3882	190	1	references	reference	NOUN
fsr-3882	190	2	anderson	anderson	PROPN
fsr-3882	190	3	,	,	PUNCT
fsr-3882	190	4	j.	j.	PROPN
fsr-3882	190	5	a.	a.	PROPN
fsr-3882	190	6	(	(	PUNCT
fsr-3882	190	7	1998	1998	NUM
fsr-3882	190	8	)	)	PUNCT
fsr-3882	190	9	.	.	PUNCT
fsr-3882	191	1	screening	screen	VERB
fsr-3882	191	2	for	for	ADP
fsr-3882	191	3	investment	investment	NOUN
fsr-3882	191	4	gold.black	gold.black	NOUN
fsr-3882	191	5	enterprise	enterprise	NOUN
fsr-3882	191	6	,	,	PUNCT
fsr-3882	191	7	29(3	29(3	NUM
fsr-3882	191	8	)	)	PUNCT
fsr-3882	191	9	,	,	PUNCT
fsr-3882	191	10	93–97	93–97	NUM
fsr-3882	191	11	.	.	PUNCT
fsr-3882	192	1	bamber	bamber	PROPN
fsr-3882	192	2	,	,	PUNCT
fsr-3882	192	3	l.	l.	PROPN
fsr-3882	192	4	s.(1995	s.(1995	PROPN
fsr-3882	192	5	)	)	PUNCT
fsr-3882	192	6	.	.	PUNCT
fsr-3882	193	1	differential	differential	ADJ
fsr-3882	193	2	price	price	NOUN
fsr-3882	193	3	and	and	CCONJ
fsr-3882	193	4	volume	volume	NOUN
fsr-3882	193	5	reactions	reaction	NOUN
fsr-3882	193	6	to	to	ADP
fsr-3882	193	7	accounting	account	VERB
fsr-3882	193	8	earnings	earning	NOUN
fsr-3882	193	9	announcements.accounting	announcements.accounte	VERB
fsr-3882	193	10	review	review	NOUN
fsr-3882	193	11	,	,	PUNCT
fsr-3882	193	12	70(3	70(3	NOUN
fsr-3882	193	13	)	)	PUNCT
fsr-3882	193	14	,	,	PUNCT
fsr-3882	193	15	417–441	417–441	NUM
fsr-3882	193	16	.	.	PUNCT
fsr-3882	194	1	barbee	barbee	PROPN
fsr-3882	194	2	,	,	PUNCT
fsr-3882	194	3	w.	w.	PROPN
fsr-3882	194	4	c.	c.	PROPN
fsr-3882	194	5	,	,	PUNCT
fsr-3882	194	6	jr	jr	PROPN
fsr-3882	194	7	.	.	PROPN
fsr-3882	194	8	,	,	PUNCT
fsr-3882	194	9	mukherji	mukherji	PROPN
fsr-3882	194	10	,	,	PUNCT
fsr-3882	194	11	s.	s.	PROPN
fsr-3882	194	12	,	,	PUNCT
fsr-3882	194	13	&	&	CCONJ
fsr-3882	194	14	raines	raines	PROPN
fsr-3882	194	15	,	,	PUNCT
fsr-3882	194	16	g.	g.	PROPN
fsr-3882	194	17	a.	a.	PROPN
fsr-3882	194	18	(	(	PUNCT
fsr-3882	194	19	1996	1996	NUM
fsr-3882	194	20	)	)	PUNCT
fsr-3882	194	21	.	.	PUNCT
fsr-3882	195	1	do	do	AUX
fsr-3882	195	2	sales	sale	NOUN
fsr-3882	195	3	-	-	PUNCT
fsr-3882	195	4	price	price	NOUN
fsr-3882	195	5	and	and	CCONJ
fsr-3882	195	6	debt	debt	NOUN
fsr-3882	195	7	-	-	PUNCT
fsr-3882	195	8	equity	equity	NOUN
fsr-3882	195	9	explain	explain	VERB
fsr-3882	195	10	stock	stock	NOUN
fsr-3882	195	11	returns	return	NOUN
fsr-3882	195	12	better	well	ADV
fsr-3882	195	13	than	than	ADP
fsr-3882	195	14	book	book	NOUN
fsr-3882	195	15	-	-	PUNCT
fsr-3882	195	16	market	market	NOUN
fsr-3882	195	17	and	and	CCONJ
fsr-3882	195	18	firm	firm	ADJ
fsr-3882	195	19	size?financial	size?financial	PROPN
fsr-3882	195	20	analysts	analyst	NOUN
fsr-3882	195	21	journal(march	journal(march	PROPN
fsr-3882	195	22	/	/	SYM
fsr-3882	195	23	april	april	PROPN
fsr-3882	195	24	)	)	PUNCT
fsr-3882	195	25	,	,	PUNCT
fsr-3882	195	26	56–60	56–60	PROPN
fsr-3882	195	27	.	.	PUNCT
fsr-3882	196	1	bary	bary	PROPN
fsr-3882	196	2	,	,	PUNCT
fsr-3882	196	3	a.	a.	NOUN
fsr-3882	196	4	(	(	PUNCT
fsr-3882	196	5	1999	1999	NUM
fsr-3882	196	6	)	)	PUNCT
fsr-3882	196	7	.	.	PUNCT
fsr-3882	197	1	the	the	DET
fsr-3882	197	2	trader	trader	NOUN
fsr-3882	197	3	:	:	PUNCT
fsr-3882	197	4	indexers	indexer	NOUN
fsr-3882	197	5	trounce	trounce	VERB
fsr-3882	197	6	active	active	ADJ
fsr-3882	197	7	managers	manager	NOUN
fsr-3882	197	8	and	and	CCONJ
fsr-3882	197	9	roil	roil	VERB
fsr-3882	197	10	market	market	NOUN
fsr-3882	197	11	,	,	PUNCT
fsr-3882	197	12	too.barrons	too.barron	NOUN
fsr-3882	197	13	,	,	PUNCT
fsr-3882	197	14	79(1	79(1	NOUN
fsr-3882	197	15	)	)	PUNCT
fsr-3882	197	16	,	,	PUNCT
fsr-3882	197	17	3–5	3–5	X
fsr-3882	197	18	.	.	PUNCT
fsr-3882	197	19	cutler	cutler	PROPN
fsr-3882	197	20	,	,	PUNCT
fsr-3882	197	21	d.	d.	PROPN
fsr-3882	197	22	m.	m.	PROPN
fsr-3882	197	23	,	,	PUNCT
fsr-3882	197	24	poterba	poterba	PROPN
fsr-3882	197	25	,	,	PUNCT
fsr-3882	197	26	j.	j.	PROPN
fsr-3882	197	27	m.	m.	PROPN
fsr-3882	197	28	,	,	PUNCT
fsr-3882	197	29	&	&	CCONJ
fsr-3882	197	30	summers	summers	PROPN
fsr-3882	197	31	,	,	PUNCT
fsr-3882	197	32	l.	l.	PROPN
fsr-3882	197	33	h.	h.	PROPN
fsr-3882	197	34	(	(	PUNCT
fsr-3882	197	35	1991	1991	NUM
fsr-3882	197	36	)	)	PUNCT
fsr-3882	197	37	.	.	PUNCT
fsr-3882	198	1	speculative	speculative	ADJ
fsr-3882	198	2	dynamics.review	dynamics.review	PROPN
fsr-3882	198	3	of	of	ADP
fsr-3882	198	4	economic	economic	ADJ
fsr-3882	198	5	studies	study	NOUN
fsr-3882	198	6	,	,	PUNCT
fsr-3882	198	7	58	58	NUM
fsr-3882	198	8	,	,	PUNCT
fsr-3882	198	9	529–546	529–546	NUM
fsr-3882	198	10	.	.	PUNCT
fsr-3882	199	1	dennis	dennis	PROPN
fsr-3882	199	2	,	,	PUNCT
fsr-3882	199	3	p.	p.	NOUN
fsr-3882	199	4	,	,	PUNCT
fsr-3882	199	5	perfect	perfect	ADJ
fsr-3882	199	6	,	,	PUNCT
fsr-3882	199	7	s.	s.	PROPN
fsr-3882	199	8	b.	b.	PROPN
fsr-3882	199	9	,	,	PUNCT
fsr-3882	199	10	snow	snow	PROPN
fsr-3882	199	11	,	,	PUNCT
fsr-3882	199	12	k.n	k.n	PROPN
fsr-3882	199	13	.	.	PROPN
fsr-3882	199	14	,	,	PUNCT
fsr-3882	199	15	&	&	CCONJ
fsr-3882	199	16	wiles	wile	NOUN
fsr-3882	199	17	,	,	PUNCT
fsr-3882	199	18	k.	k.	PROPN
fsr-3882	199	19	w.	w.	PROPN
fsr-3882	199	20	(	(	PUNCT
fsr-3882	199	21	1995	1995	NUM
fsr-3882	199	22	)	)	PUNCT
fsr-3882	199	23	.	.	PUNCT
fsr-3882	200	1	the	the	DET
fsr-3882	200	2	effects	effect	NOUN
fsr-3882	200	3	of	of	ADP
fsr-3882	200	4	rebalancing	rebalancing	NOUN
fsr-3882	200	5	on	on	ADP
fsr-3882	200	6	size	size	NOUN
fsr-3882	200	7	and	and	CCONJ
fsr-3882	200	8	book	book	NOUN
fsr-3882	200	9	-	-	PUNCT
fsr-3882	200	10	to	to	ADP
fsr-3882	200	11	-	-	PUNCT
fsr-3882	200	12	market	market	NOUN
fsr-3882	200	13	ratio	ratio	NOUN
fsr-3882	200	14	portfolio	portfolio	NOUN
fsr-3882	200	15	returns.financial	returns.financial	ADJ
fsr-3882	200	16	analysis	analysis	NOUN
fsr-3882	200	17	journal(may	journal(may	PROPN
fsr-3882	200	18	-	-	PUNCT
fsr-3882	200	19	june	june	PROPN
fsr-3882	200	20	)	)	PUNCT
fsr-3882	200	21	,	,	PUNCT
fsr-3882	200	22	47–56	47–56	NUM
fsr-3882	200	23	.	.	PUNCT
fsr-3882	201	1	fama	fama	PROPN
fsr-3882	201	2	,	,	PUNCT
fsr-3882	201	3	e.	e.	PROPN
fsr-3882	201	4	f.	f.	PROPN
fsr-3882	201	5	,	,	PUNCT
fsr-3882	201	6	&	&	CCONJ
fsr-3882	201	7	french	french	PROPN
fsr-3882	201	8	,	,	PUNCT
fsr-3882	201	9	k.	k.	PROPN
fsr-3882	201	10	r.	r.	PROPN
fsr-3882	201	11	(	(	PUNCT
fsr-3882	201	12	1995	1995	NUM
fsr-3882	201	13	)	)	PUNCT
fsr-3882	201	14	.	.	PUNCT
fsr-3882	202	1	size	size	NOUN
fsr-3882	202	2	and	and	CCONJ
fsr-3882	202	3	book	book	NOUN
fsr-3882	202	4	-	-	PUNCT
fsr-3882	202	5	to	to	ADP
fsr-3882	202	6	-	-	PUNCT
fsr-3882	202	7	market	market	NOUN
fsr-3882	202	8	factors	factor	NOUN
fsr-3882	202	9	in	in	ADP
fsr-3882	202	10	earnings	earning	NOUN
fsr-3882	202	11	and	and	CCONJ
fsr-3882	202	12	returns.the	returns.the	PRON
fsr-3882	202	13	journal	journal	NOUN
fsr-3882	202	14	of	of	ADP
fsr-3882	202	15	finance	finance	NOUN
fsr-3882	202	16	,	,	PUNCT
fsr-3882	202	17	50(1),131–155	50(1),131–155	INTJ
fsr-3882	202	18	.	.	PUNCT
fsr-3882	202	19	69s.c	69s.c	NUM
fsr-3882	202	20	.	.	PUNCT
fsr-3882	202	21	gold	gold	NOUN
fsr-3882	202	22	,	,	PUNCT
fsr-3882	202	23	p.	p.	NOUN
fsr-3882	202	24	lebowitz	lebowitz	PROPN
fsr-3882	202	25	/	/	SYM
fsr-3882	202	26	financial	financial	ADJ
fsr-3882	202	27	services	service	NOUN
fsr-3882	202	28	review	review	VERB
fsr-3882	202	29	8	8	NUM
fsr-3882	202	30	(	(	PUNCT
fsr-3882	202	31	1999	1999	NUM
fsr-3882	202	32	)	)	PUNCT
fsr-3882	202	33	61–70	61–70	NUM
fsr-3882	202	34	ferson	ferson	NOUN
fsr-3882	202	35	,	,	PUNCT
fsr-3882	202	36	w.	w.	PROPN
fsr-3882	202	37	e.	e.	PROPN
fsr-3882	202	38	,	,	PUNCT
fsr-3882	202	39	&	&	CCONJ
fsr-3882	202	40	harvey	harvey	PROPN
fsr-3882	202	41	,	,	PUNCT
fsr-3882	202	42	c.	c.	PROPN
fsr-3882	202	43	r.	r.	PROPN
fsr-3882	202	44	(	(	PUNCT
fsr-3882	202	45	1993	1993	NUM
fsr-3882	202	46	)	)	PUNCT
fsr-3882	202	47	.	.	PUNCT
fsr-3882	203	1	the	the	DET
fsr-3882	203	2	risk	risk	NOUN
fsr-3882	203	3	and	and	CCONJ
fsr-3882	203	4	predictability	predictability	NOUN
fsr-3882	203	5	of	of	ADP
fsr-3882	203	6	international	international	ADJ
fsr-3882	203	7	equity	equity	NOUN
fsr-3882	203	8	returns.review	returns.review	NUM
fsr-3882	203	9	of	of	ADP
fsr-3882	203	10	financial	financial	ADJ
fsr-3882	203	11	studies	study	NOUN
fsr-3882	203	12	,	,	PUNCT
fsr-3882	203	13	6	6	NUM
fsr-3882	203	14	,	,	PUNCT
fsr-3882	203	15	527–566	527–566	NUM
fsr-3882	203	16	.	.	PUNCT
fsr-3882	203	17	gencay	gencay	PROPN
fsr-3882	203	18	,	,	PUNCT
fsr-3882	203	19	r.	r.	PROPN
fsr-3882	203	20	(	(	PUNCT
fsr-3882	203	21	1996	1996	NUM
fsr-3882	203	22	)	)	PUNCT
fsr-3882	203	23	.	.	PUNCT
fsr-3882	204	1	non	non	ADJ
fsr-3882	204	2	-	-	ADJ
fsr-3882	204	3	linear	linear	ADJ
fsr-3882	204	4	prediction	prediction	NOUN
fsr-3882	204	5	of	of	ADP
fsr-3882	204	6	security	security	NOUN
fsr-3882	204	7	returns	return	NOUN
fsr-3882	204	8	with	with	ADP
fsr-3882	204	9	moving	move	VERB
fsr-3882	204	10	average	average	ADJ
fsr-3882	204	11	rules.journal	rules.journal	ADJ
fsr-3882	204	12	of	of	ADP
fsr-3882	204	13	forecasting	forecasting	NOUN
fsr-3882	204	14	,	,	PUNCT
fsr-3882	204	15	15	15	NUM
fsr-3882	204	16	,	,	PUNCT
fsr-3882	204	17	165–174	165–174	NUM
fsr-3882	204	18	.	.	PUNCT
fsr-3882	205	1	grundy	grundy	PROPN
fsr-3882	205	2	,	,	PUNCT
fsr-3882	205	3	b.	b.	PROPN
fsr-3882	205	4	,	,	PUNCT
fsr-3882	205	5	&	&	CCONJ
fsr-3882	205	6	mcnichols	mcnichols	PROPN
fsr-3882	205	7	,	,	PUNCT
fsr-3882	205	8	m.	m.	NOUN
fsr-3882	205	9	(	(	PUNCT
fsr-3882	205	10	1989	1989	NUM
fsr-3882	205	11	)	)	PUNCT
fsr-3882	205	12	.	.	PUNCT
fsr-3882	206	1	trade	trade	NOUN
fsr-3882	206	2	and	and	CCONJ
fsr-3882	206	3	the	the	DET
fsr-3882	206	4	revelation	revelation	NOUN
fsr-3882	206	5	of	of	ADP
fsr-3882	206	6	information	information	NOUN
fsr-3882	206	7	through	through	ADP
fsr-3882	206	8	prices	price	NOUN
fsr-3882	206	9	and	and	CCONJ
fsr-3882	206	10	direct	direct	ADJ
fsr-3882	206	11	disclosure.review	disclosure.review	NOUN
fsr-3882	206	12	of	of	ADP
fsr-3882	206	13	financial	financial	ADJ
fsr-3882	206	14	studies	study	NOUN
fsr-3882	206	15	,	,	PUNCT
fsr-3882	206	16	2	2	NUM
fsr-3882	206	17	,	,	PUNCT
fsr-3882	206	18	495–526	495–526	NUM
fsr-3882	206	19	.	.	PUNCT
fsr-3882	207	1	harris	harris	PROPN
fsr-3882	207	2	,	,	PUNCT
fsr-3882	207	3	r.	r.	PROPN
fsr-3882	207	4	,	,	PUNCT
fsr-3882	207	5	&	&	CCONJ
fsr-3882	207	6	marston	marston	PROPN
fsr-3882	207	7	,	,	PUNCT
fsr-3882	207	8	f.	f.	PROPN
fsr-3882	207	9	(	(	PUNCT
fsr-3882	207	10	1994	1994	NUM
fsr-3882	207	11	)	)	PUNCT
fsr-3882	207	12	.	.	PUNCT
fsr-3882	208	1	value	value	NOUN
fsr-3882	208	2	versus	versus	ADP
fsr-3882	208	3	growth	growth	NOUN
fsr-3882	208	4	stocks	stock	NOUN
fsr-3882	208	5	:	:	PUNCT
fsr-3882	208	6	book	book	NOUN
fsr-3882	208	7	-	-	PUNCT
fsr-3882	208	8	to	to	ADP
fsr-3882	208	9	-	-	PUNCT
fsr-3882	208	10	market	market	NOUN
fsr-3882	208	11	,	,	PUNCT
fsr-3882	208	12	growth	growth	NOUN
fsr-3882	208	13	,	,	PUNCT
fsr-3882	208	14	and	and	CCONJ
fsr-3882	208	15	beta.financial	beta.financial	PROPN
fsr-3882	208	16	analysts	analyst	NOUN
fsr-3882	208	17	journal	journal	NOUN
fsr-3882	208	18	,	,	PUNCT
fsr-3882	208	19	50(5	50(5	NUM
fsr-3882	208	20	)	)	PUNCT
fsr-3882	208	21	.	.	PUNCT
fsr-3882	209	1	haugen	haugen	PROPN
fsr-3882	209	2	,	,	PUNCT
fsr-3882	209	3	r.	r.	PROPN
fsr-3882	209	4	,	,	PUNCT
fsr-3882	209	5	&	&	CCONJ
fsr-3882	209	6	jorion	jorion	PROPN
fsr-3882	209	7	,	,	PUNCT
fsr-3882	209	8	p.	p.	NOUN
fsr-3882	209	9	(	(	PUNCT
fsr-3882	209	10	1996	1996	NUM
fsr-3882	209	11	)	)	PUNCT
fsr-3882	209	12	.	.	PUNCT
fsr-3882	210	1	the	the	DET
fsr-3882	210	2	january	january	PROPN
fsr-3882	210	3	effect	effect	NOUN
fsr-3882	210	4	:	:	PUNCT
fsr-3882	210	5	still	still	ADV
fsr-3882	210	6	there	there	ADV
fsr-3882	210	7	after	after	ADP
fsr-3882	210	8	all	all	DET
fsr-3882	210	9	these	these	DET
fsr-3882	210	10	years.financial	years.financial	ADJ
fsr-3882	210	11	analysts	analyst	NOUN
fsr-3882	210	12	journal	journal	NOUN
fsr-3882	210	13	,	,	PUNCT
fsr-3882	210	14	(	(	PUNCT
fsr-3882	210	15	jan.-feb	jan.-feb	PROPN
fsr-3882	210	16	.	.	PUNCT
fsr-3882	210	17	)	)	PUNCT
fsr-3882	210	18	,	,	PUNCT
fsr-3882	210	19	27–31	27–31	PROPN
fsr-3882	210	20	.	.	PUNCT
fsr-3882	210	21	hiemstra	hiemstra	PROPN
fsr-3882	210	22	,	,	PUNCT
fsr-3882	210	23	c.	c.	PROPN
fsr-3882	210	24	,	,	PUNCT
fsr-3882	210	25	&	&	CCONJ
fsr-3882	210	26	jones	jones	PROPN
fsr-3882	210	27	,	,	PUNCT
fsr-3882	210	28	j.	j.	PROPN
fsr-3882	210	29	d.	d.	PROPN
fsr-3882	210	30	(	(	PUNCT
fsr-3882	210	31	1994	1994	NUM
fsr-3882	210	32	)	)	PUNCT
fsr-3882	210	33	.	.	PUNCT
fsr-3882	211	1	testing	test	VERB
fsr-3882	211	2	for	for	ADP
fsr-3882	211	3	linear	linear	ADJ
fsr-3882	211	4	and	and	CCONJ
fsr-3882	211	5	non	non	ADJ
fsr-3882	211	6	-	-	ADJ
fsr-3882	211	7	linear	linear	ADJ
fsr-3882	211	8	granger	granger	NOUN
fsr-3882	211	9	causality	causality	NOUN
fsr-3882	211	10	in	in	ADP
fsr-3882	211	11	the	the	DET
fsr-3882	211	12	stock	stock	NOUN
fsr-3882	211	13	price	price	NOUN
fsr-3882	211	14	-	-	PUNCT
fsr-3882	211	15	volume	volume	NOUN
fsr-3882	211	16	relation.the	relation.the	PROPN
fsr-3882	211	17	journal	journal	PROPN
fsr-3882	211	18	of	of	ADP
fsr-3882	211	19	finance	finance	NOUN
fsr-3882	211	20	,	,	PUNCT
fsr-3882	211	21	xlix(5	xlix(5	PROPN
fsr-3882	211	22	)	)	PUNCT
fsr-3882	211	23	,	,	PUNCT
fsr-3882	211	24	1639–1664	1639–1664	NUM
fsr-3882	211	25	.	.	PUNCT
fsr-3882	212	1	jegadeesh	jegadeesh	PROPN
fsr-3882	212	2	,	,	PUNCT
fsr-3882	212	3	n.	n.	NOUN
fsr-3882	212	4	,	,	PUNCT
fsr-3882	212	5	&	&	CCONJ
fsr-3882	212	6	titman	titman	PROPN
fsr-3882	212	7	,	,	PUNCT
fsr-3882	212	8	s.	s.	PROPN
fsr-3882	212	9	(	(	PUNCT
fsr-3882	212	10	1993	1993	NUM
fsr-3882	212	11	)	)	PUNCT
fsr-3882	212	12	.	.	PUNCT
fsr-3882	213	1	returns	return	NOUN
fsr-3882	213	2	to	to	ADP
fsr-3882	213	3	buying	buy	VERB
fsr-3882	213	4	winners	winner	NOUN
fsr-3882	213	5	and	and	CCONJ
fsr-3882	213	6	selling	sell	VERB
fsr-3882	213	7	losers	loser	NOUN
fsr-3882	213	8	:	:	PUNCT
fsr-3882	213	9	implications	implication	NOUN
fsr-3882	213	10	for	for	ADP
fsr-3882	213	11	stock	stock	NOUN
fsr-3882	213	12	market	market	NOUN
fsr-3882	213	13	efficiency.the	efficiency.the	DET
fsr-3882	213	14	journal	journal	NOUN
fsr-3882	213	15	of	of	ADP
fsr-3882	213	16	finance	finance	NOUN
fsr-3882	213	17	,	,	PUNCT
fsr-3882	213	18	xlviii(1	xlviii(1	PROPN
fsr-3882	213	19	)	)	PUNCT
fsr-3882	213	20	,	,	PUNCT
fsr-3882	213	21	65–91	65–91	NUM
fsr-3882	213	22	.	.	PUNCT
fsr-3882	214	1	jensen	jensen	PROPN
fsr-3882	214	2	,	,	PUNCT
fsr-3882	214	3	m.	m.	PROPN
fsr-3882	214	4	c.	c.	PROPN
fsr-3882	214	5	(	(	PUNCT
fsr-3882	214	6	1978	1978	NUM
fsr-3882	214	7	)	)	PUNCT
fsr-3882	214	8	.	.	PUNCT
fsr-3882	215	1	some	some	DET
fsr-3882	215	2	anomalous	anomalous	ADJ
fsr-3882	215	3	evidence	evidence	NOUN
fsr-3882	215	4	regarding	regard	VERB
fsr-3882	215	5	market	market	NOUN
fsr-3882	215	6	efficiency.the	efficiency.the	DET
fsr-3882	215	7	journal	journal	NOUN
fsr-3882	215	8	of	of	ADP
fsr-3882	215	9	financial	financial	ADJ
fsr-3882	215	10	economics	economic	NOUN
fsr-3882	215	11	,	,	PUNCT
fsr-3882	215	12	6	6	NUM
fsr-3882	215	13	,	,	PUNCT
fsr-3882	215	14	95–101	95–101	NUM
fsr-3882	215	15	.	.	PUNCT
fsr-3882	216	1	kim	kim	PROPN
fsr-3882	216	2	,	,	PUNCT
fsr-3882	216	3	o.	o.	PROPN
fsr-3882	216	4	,	,	PUNCT
fsr-3882	216	5	&	&	CCONJ
fsr-3882	216	6	verrecchia	verrecchia	PROPN
fsr-3882	216	7	,	,	PUNCT
fsr-3882	216	8	r.	r.	PROPN
fsr-3882	216	9	(	(	PUNCT
fsr-3882	216	10	1991	1991	NUM
fsr-3882	216	11	)	)	PUNCT
fsr-3882	216	12	.	.	PUNCT
fsr-3882	217	1	trading	trading	NOUN
fsr-3882	217	2	volume	volume	NOUN
fsr-3882	217	3	and	and	CCONJ
fsr-3882	217	4	price	price	NOUN
fsr-3882	217	5	reactions	reaction	NOUN
fsr-3882	217	6	to	to	ADP
fsr-3882	217	7	public	public	ADJ
fsr-3882	217	8	announcements.journal	announcements.journal	PROPN
fsr-3882	217	9	of	of	ADP
fsr-3882	217	10	accounting	accounting	NOUN
fsr-3882	217	11	research	research	NOUN
fsr-3882	217	12	,	,	PUNCT
fsr-3882	217	13	29,302–321	29,302–321	NUM
fsr-3882	217	14	.	.	PUNCT
fsr-3882	218	1	kothari	kothari	PROPN
fsr-3882	218	2	,	,	PUNCT
fsr-3882	218	3	s.	s.	PROPN
fsr-3882	218	4	p	p	PROPN
fsr-3882	218	5	,	,	PUNCT
fsr-3882	218	6	shanken	shanken	VERB
fsr-3882	218	7	,	,	PUNCT
fsr-3882	218	8	j.	j.	PROPN
fsr-3882	218	9	,	,	PUNCT
fsr-3882	218	10	&	&	CCONJ
fsr-3882	218	11	sloan	sloan	PROPN
fsr-3882	218	12	,	,	PUNCT
fsr-3882	218	13	r.	r.	PROPN
fsr-3882	218	14	g.	g.	PROPN
fsr-3882	218	15	(	(	PUNCT
fsr-3882	218	16	1995	1995	NUM
fsr-3882	218	17	)	)	PUNCT
fsr-3882	218	18	.	.	PUNCT
fsr-3882	219	1	another	another	DET
fsr-3882	219	2	look	look	NOUN
fsr-3882	219	3	at	at	ADP
fsr-3882	219	4	the	the	DET
fsr-3882	219	5	cross	cross	NOUN
fsr-3882	219	6	section	section	NOUN
fsr-3882	219	7	of	of	ADP
fsr-3882	219	8	expected	expect	VERB
fsr-3882	219	9	stock	stock	NOUN
fsr-3882	219	10	returns	return	NOUN
fsr-3882	219	11	.	.	PUNCT
fsr-3882	220	1	the	the	DET
fsr-3882	220	2	journal	journal	NOUN
fsr-3882	220	3	of	of	ADP
fsr-3882	220	4	finance	finance	NOUN
fsr-3882	220	5	,	,	PUNCT
fsr-3882	220	6	50(1	50(1	PROPN
fsr-3882	220	7	)	)	PUNCT
fsr-3882	220	8	,	,	PUNCT
fsr-3882	220	9	185–224	185–224	NUM
fsr-3882	220	10	.	.	PUNCT
fsr-3882	221	1	levich	levich	PROPN
fsr-3882	221	2	,	,	PUNCT
fsr-3882	221	3	r.	r.	PROPN
fsr-3882	221	4	m.	m.	PROPN
fsr-3882	221	5	,	,	PUNCT
fsr-3882	221	6	&	&	CCONJ
fsr-3882	221	7	thomas	thomas	PROPN
fsr-3882	221	8	,	,	PUNCT
fsr-3882	221	9	l.	l.	PROPN
fsr-3882	221	10	r.	r.	PROPN
fsr-3882	221	11	(	(	PUNCT
fsr-3882	221	12	1993	1993	NUM
fsr-3882	221	13	)	)	PUNCT
fsr-3882	221	14	.	.	PUNCT
fsr-3882	222	1	the	the	DET
fsr-3882	222	2	significance	significance	NOUN
fsr-3882	222	3	of	of	ADP
fsr-3882	222	4	technical	technical	ADJ
fsr-3882	222	5	trading	trading	NOUN
fsr-3882	222	6	-	-	PUNCT
fsr-3882	222	7	rule	rule	NOUN
fsr-3882	222	8	profits	profit	NOUN
fsr-3882	222	9	in	in	ADP
fsr-3882	222	10	the	the	DET
fsr-3882	222	11	foreign	foreign	ADJ
fsr-3882	222	12	exchange	exchange	NOUN
fsr-3882	222	13	market	market	NOUN
fsr-3882	222	14	:	:	PUNCT
fsr-3882	222	15	a	a	DET
fsr-3882	222	16	bootstrap	bootstrap	NOUN
fsr-3882	222	17	approach.journal	approach.journal	PROPN
fsr-3882	222	18	of	of	ADP
fsr-3882	222	19	international	international	ADJ
fsr-3882	222	20	money	money	NOUN
fsr-3882	222	21	and	and	CCONJ
fsr-3882	222	22	finance	finance	NOUN
fsr-3882	222	23	,	,	PUNCT
fsr-3882	222	24	12	12	NUM
fsr-3882	222	25	,	,	PUNCT
fsr-3882	222	26	451–474	451–474	NUM
fsr-3882	222	27	.	.	PUNCT
fsr-3882	223	1	lo	lo	PROPN
fsr-3882	223	2	,	,	PUNCT
fsr-3882	223	3	a.	a.	PROPN
fsr-3882	223	4	w.	w.	PROPN
fsr-3882	223	5	,	,	PUNCT
fsr-3882	223	6	&	&	CCONJ
fsr-3882	223	7	mackinlay	mackinlay	PROPN
fsr-3882	223	8	,	,	PUNCT
fsr-3882	223	9	a.	a.	PROPN
fsr-3882	223	10	c.	c.	PROPN
fsr-3882	223	11	,	,	PUNCT
fsr-3882	223	12	(	(	PUNCT
fsr-3882	223	13	1988	1988	NUM
fsr-3882	223	14	)	)	PUNCT
fsr-3882	223	15	.	.	PUNCT
fsr-3882	224	1	stock	stock	NOUN
fsr-3882	224	2	market	market	NOUN
fsr-3882	224	3	prices	price	NOUN
fsr-3882	224	4	do	do	AUX
fsr-3882	224	5	not	not	PART
fsr-3882	224	6	follow	follow	VERB
fsr-3882	224	7	random	random	ADJ
fsr-3882	224	8	walks	walk	NOUN
fsr-3882	224	9	:	:	PUNCT
fsr-3882	224	10	evidence	evidence	NOUN
fsr-3882	224	11	from	from	ADP
fsr-3882	224	12	a	a	DET
fsr-3882	224	13	simple	simple	ADJ
fsr-3882	224	14	specificationtest.review	specificationtest.review	NOUN
fsr-3882	224	15	of	of	ADP
fsr-3882	224	16	financial	financial	ADJ
fsr-3882	224	17	studies	study	NOUN
fsr-3882	224	18	1	1	NUM
fsr-3882	224	19	,	,	PUNCT
fsr-3882	224	20	41–66	41–66	NOUN
fsr-3882	224	21	.	.	PUNCT
fsr-3882	225	1	pesaran	pesaran	PROPN
fsr-3882	225	2	,	,	PUNCT
fsr-3882	225	3	h.	h.	PROPN
fsr-3882	225	4	.m	.m	PROPN
fsr-3882	225	5	.	.	PUNCT
fsr-3882	225	6	,	,	PUNCT
fsr-3882	225	7	&	&	CCONJ
fsr-3882	225	8	timmermann	timmermann	PROPN
fsr-3882	225	9	,	,	PUNCT
fsr-3882	225	10	a.	a.	NOUN
fsr-3882	225	11	(	(	PUNCT
fsr-3882	225	12	1995	1995	NUM
fsr-3882	225	13	)	)	PUNCT
fsr-3882	225	14	.	.	PUNCT
fsr-3882	226	1	predictability	predictability	NOUN
fsr-3882	226	2	of	of	ADP
fsr-3882	226	3	stock	stock	NOUN
fsr-3882	226	4	returns	return	NOUN
fsr-3882	226	5	:	:	PUNCT
fsr-3882	226	6	robustness	robustness	NOUN
fsr-3882	226	7	and	and	CCONJ
fsr-3882	226	8	economic	economic	ADJ
fsr-3882	226	9	significance.the	significance.the	DET
fsr-3882	226	10	journal	journal	NOUN
fsr-3882	226	11	of	of	ADP
fsr-3882	226	12	finance	finance	NOUN
fsr-3882	226	13	,	,	PUNCT
fsr-3882	226	14	l(4	l(4	PROPN
fsr-3882	226	15	)	)	PUNCT
fsr-3882	226	16	,	,	PUNCT
fsr-3882	226	17	1201–1228	1201–1228	NUM
fsr-3882	226	18	.	.	PUNCT
fsr-3882	226	19	reinganum	reinganum	PROPN
fsr-3882	226	20	,	,	PUNCT
fsr-3882	226	21	m.	m.	PROPN
fsr-3882	226	22	r.	r.	PROPN
fsr-3882	226	23	(	(	PUNCT
fsr-3882	226	24	1988	1988	NUM
fsr-3882	226	25	)	)	PUNCT
fsr-3882	226	26	.	.	PUNCT
fsr-3882	227	1	the	the	DET
fsr-3882	227	2	anatomy	anatomy	NOUN
fsr-3882	227	3	of	of	ADP
fsr-3882	227	4	a	a	DET
fsr-3882	227	5	stock	stock	NOUN
fsr-3882	227	6	market	market	NOUN
fsr-3882	227	7	winner.financial	winner.financial	PROPN
fsr-3882	227	8	analysts	analyst	NOUN
fsr-3882	227	9	journal,(march	journal,(march	VERB
fsr-3882	227	10	/	/	SYM
fsr-3882	227	11	april	april	PROPN
fsr-3882	227	12	)	)	PUNCT
fsr-3882	227	13	,	,	PUNCT
fsr-3882	227	14	16–28	16–28	PROPN
fsr-3882	227	15	.	.	PUNCT
fsr-3882	227	16	scholes	scholes	PROPN
fsr-3882	227	17	,	,	PUNCT
fsr-3882	227	18	m.	m.	NOUN
fsr-3882	227	19	,	,	PUNCT
fsr-3882	227	20	&	&	CCONJ
fsr-3882	227	21	williams	williams	PROPN
fsr-3882	227	22	,	,	PUNCT
fsr-3882	227	23	j.	j.	PROPN
fsr-3882	227	24	(	(	PUNCT
fsr-3882	227	25	1977	1977	NUM
fsr-3882	227	26	)	)	PUNCT
fsr-3882	227	27	.	.	PUNCT
fsr-3882	228	1	estimating	estimate	VERB
fsr-3882	228	2	betas	beta	NOUN
fsr-3882	228	3	from	from	ADP
fsr-3882	228	4	nonsynchronous	nonsynchronous	ADJ
fsr-3882	228	5	data.journal	data.journal	PROPN
fsr-3882	228	6	of	of	ADP
fsr-3882	228	7	financial	financial	ADJ
fsr-3882	228	8	economics	economic	NOUN
fsr-3882	228	9	,	,	PUNCT
fsr-3882	228	10	5	5	NUM
fsr-3882	228	11	,	,	PUNCT
fsr-3882	228	12	309–327	309–327	NUM
fsr-3882	228	13	.	.	PUNCT
fsr-3882	229	1	stickel	stickel	PROPN
fsr-3882	229	2	,	,	PUNCT
fsr-3882	229	3	s.	s.	PROPN
fsr-3882	229	4	e.	e.	PROPN
fsr-3882	229	5	,	,	PUNCT
fsr-3882	229	6	&	&	CCONJ
fsr-3882	229	7	verrecchia	verrecchia	PROPN
fsr-3882	229	8	,	,	PUNCT
fsr-3882	229	9	r.	r.	PROPN
fsr-3882	229	10	e.	e.	PROPN
fsr-3882	229	11	(	(	PUNCT
fsr-3882	229	12	1994	1994	NUM
fsr-3882	229	13	)	)	PUNCT
fsr-3882	229	14	.	.	PUNCT
fsr-3882	230	1	evidence	evidence	NOUN
fsr-3882	230	2	that	that	SCONJ
fsr-3882	230	3	trading	trading	NOUN
fsr-3882	230	4	volume	volume	NOUN
fsr-3882	230	5	sustains	sustain	VERB
fsr-3882	230	6	stock	stock	NOUN
fsr-3882	230	7	price	price	NOUN
fsr-3882	230	8	changes.financial	changes.financial	PROPN
fsr-3882	230	9	analysts	analyst	NOUN
fsr-3882	230	10	journal	journal	NOUN
fsr-3882	230	11	,	,	PUNCT
fsr-3882	230	12	50(6	50(6	NUM
fsr-3882	230	13	)	)	PUNCT
fsr-3882	230	14	,	,	PUNCT
fsr-3882	230	15	57–67	57–67	NUM
fsr-3882	230	16	.	.	PUNCT
fsr-3882	231	1	tam	tam	PROPN
fsr-3882	231	2	,	,	PUNCT
fsr-3882	231	3	k.	k.	PROPN
fsr-3882	231	4	y.	y.	PROPN
fsr-3882	231	5	,	,	PUNCT
fsr-3882	231	6	kiang	kiang	PROPN
fsr-3882	231	7	,	,	PUNCT
fsr-3882	231	8	m.	m.	NOUN
fsr-3882	231	9	y.	y.	PROPN
fsr-3882	231	10	,	,	PUNCT
fsr-3882	231	11	&	&	CCONJ
fsr-3882	231	12	chi	chi	PROPN
fsr-3882	231	13	,	,	PUNCT
fsr-3882	231	14	r.	r.	PROPN
fsr-3882	231	15	t.	t.	PROPN
fsr-3882	231	16	h.	h.	PROPN
fsr-3882	231	17	(	(	PUNCT
fsr-3882	231	18	1991	1991	NUM
fsr-3882	231	19	)	)	PUNCT
fsr-3882	231	20	.	.	PUNCT
fsr-3882	232	1	inducing	induce	VERB
fsr-3882	232	2	stock	stock	NOUN
fsr-3882	232	3	screening	screen	VERB
fsr-3882	232	4	rules	rule	NOUN
fsr-3882	232	5	for	for	ADP
fsr-3882	232	6	portfolio	portfolio	NOUN
fsr-3882	232	7	construction	construction	NOUN
fsr-3882	232	8	.	.	PUNCT
fsr-3882	233	1	journal	journal	NOUN
fsr-3882	233	2	of	of	ADP
fsr-3882	233	3	the	the	DET
fsr-3882	233	4	operational	operational	ADJ
fsr-3882	233	5	research	research	NOUN
fsr-3882	233	6	society	society	NOUN
fsr-3882	233	7	,	,	PUNCT
fsr-3882	233	8	42(9	42(9	NUM
fsr-3882	233	9	)	)	PUNCT
fsr-3882	233	10	,	,	PUNCT
fsr-3882	234	1	747–756	747–756	PROPN
fsr-3882	234	2	.	.	PUNCT
fsr-3882	234	3	taylor	taylor	PROPN
fsr-3882	234	4	,	,	PUNCT
fsr-3882	234	5	s.	s.	PROPN
fsr-3882	234	6	j.	j.	PROPN
fsr-3882	234	7	(	(	PUNCT
fsr-3882	234	8	1994	1994	NUM
fsr-3882	234	9	)	)	PUNCT
fsr-3882	234	10	.	.	PUNCT
fsr-3882	235	1	trading	trading	NOUN
fsr-3882	235	2	futures	future	NOUN
fsr-3882	235	3	using	use	VERB
fsr-3882	235	4	a	a	DET
fsr-3882	235	5	channel	channel	NOUN
fsr-3882	235	6	rule	rule	NOUN
fsr-3882	235	7	:	:	PUNCT
fsr-3882	235	8	a	a	DET
fsr-3882	235	9	study	study	NOUN
fsr-3882	235	10	of	of	ADP
fsr-3882	235	11	the	the	DET
fsr-3882	235	12	predictive	predictive	ADJ
fsr-3882	235	13	power	power	NOUN
fsr-3882	235	14	of	of	ADP
fsr-3882	235	15	technical	technical	ADJ
fsr-3882	235	16	analysis	analysis	NOUN
fsr-3882	235	17	with	with	ADP
fsr-3882	235	18	currency	currency	NOUN
fsr-3882	235	19	examples.journal	examples.journal	PROPN
fsr-3882	235	20	of	of	ADP
fsr-3882	235	21	futures	future	NOUN
fsr-3882	235	22	market	market	NOUN
fsr-3882	235	23	,	,	PUNCT
fsr-3882	235	24	14	14	NUM
fsr-3882	235	25	,	,	PUNCT
fsr-3882	235	26	215–235	215–235	NUM
fsr-3882	235	27	.	.	PUNCT
fsr-3882	235	28	treanor	treanor	PROPN
fsr-3882	235	29	,	,	PUNCT
fsr-3882	235	30	j.	j.	PROPN
fsr-3882	235	31	(	(	PUNCT
fsr-3882	235	32	1999	1999	NUM
fsr-3882	235	33	,	,	PUNCT
fsr-3882	235	34	march	march	PROPN
fsr-3882	235	35	21–22	21–22	NUM
fsr-3882	235	36	)	)	PUNCT
fsr-3882	235	37	.	.	PUNCT
fsr-3882	236	1	most	most	ADJ
fsr-3882	236	2	fund	fund	NOUN
fsr-3882	236	3	managers	manager	NOUN
fsr-3882	236	4	fail	fail	VERB
fsr-3882	236	5	the	the	DET
fsr-3882	236	6	test.the	test.the	DET
fsr-3882	236	7	guardian	guardian	NOUN
fsr-3882	236	8	.	.	PUNCT
fsr-3882	237	1	vandell	vandell	PROPN
fsr-3882	237	2	,	,	PUNCT
fsr-3882	237	3	r.	r.	PROPN
fsr-3882	237	4	p.	p.	PROPN
fsr-3882	237	5	(	(	PUNCT
fsr-3882	237	6	1986	1986	NUM
fsr-3882	237	7	)	)	PUNCT
fsr-3882	237	8	.	.	PUNCT
fsr-3882	238	1	a	a	DET
fsr-3882	238	2	purposeful	purposeful	ADJ
fsr-3882	238	3	stride	stride	NOUN
fsr-3882	238	4	down	down	ADP
fsr-3882	238	5	wall	wall	PROPN
fsr-3882	238	6	street.journal	street.journal	PROPN
fsr-3882	238	7	of	of	ADP
fsr-3882	238	8	portfolio	portfolio	NOUN
fsr-3882	238	9	management	management	NOUN
fsr-3882	238	10	,	,	PUNCT
fsr-3882	238	11	12(2	12(2	NUM
fsr-3882	238	12	)	)	PUNCT
fsr-3882	238	13	,	,	PUNCT
fsr-3882	238	14	31–39	31–39	NUM
fsr-3882	238	15	.	.	PUNCT
fsr-3882	239	1	walker	walker	PROPN
fsr-3882	239	2	,	,	PUNCT
fsr-3882	239	3	m.	m.	NOUN
fsr-3882	239	4	m.	m.	NOUN
fsr-3882	239	5	,	,	PUNCT
fsr-3882	239	6	&	&	CCONJ
fsr-3882	239	7	hatfield	hatfield	PROPN
fsr-3882	239	8	,	,	PUNCT
fsr-3882	239	9	g.	g.	PROPN
fsr-3882	239	10	b.	b.	PROPN
fsr-3882	239	11	(	(	PUNCT
fsr-3882	239	12	1996	1996	NUM
fsr-3882	239	13	)	)	PUNCT
fsr-3882	239	14	.	.	PUNCT
fsr-3882	240	1	professional	professional	ADJ
fsr-3882	240	2	stock	stock	NOUN
fsr-3882	240	3	analysts	analyst	NOUN
fsr-3882	240	4	’	’	PART
fsr-3882	240	5	recommendations	recommendation	NOUN
fsr-3882	240	6	:	:	PUNCT
fsr-3882	240	7	implications	implication	NOUN
fsr-3882	240	8	for	for	ADP
fsr-3882	240	9	individual	individual	ADJ
fsr-3882	240	10	investors.financial	investors.financial	PROPN
fsr-3882	240	11	services	service	NOUN
fsr-3882	240	12	review	review	NOUN
fsr-3882	240	13	,	,	PUNCT
fsr-3882	240	14	5(1	5(1	NUM
fsr-3882	240	15	)	)	PUNCT
fsr-3882	240	16	,	,	PUNCT
fsr-3882	240	17	13–29	13–29	NUM
fsr-3882	240	18	.	.	PUNCT
fsr-3882	240	19	70	70	NUM
fsr-3882	241	1	s.c	s.c	PROPN
fsr-3882	241	2	.	.	PROPN
fsr-3882	241	3	gold	gold	NOUN
fsr-3882	241	4	,	,	PUNCT
fsr-3882	241	5	p.	p.	NOUN
fsr-3882	241	6	lebowitz	lebowitz	PROPN
fsr-3882	241	7	/	/	SYM
fsr-3882	241	8	financial	financial	ADJ
fsr-3882	241	9	services	service	NOUN
fsr-3882	241	10	review	review	VERB
fsr-3882	241	11	8	8	NUM
fsr-3882	241	12	(	(	PUNCT
fsr-3882	241	13	1999	1999	NUM
fsr-3882	241	14	)	)	PUNCT
fsr-3882	241	15	61–70	61–70	NUM