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John,
I would erase all US Stocks I currently have on my hard drive and install the
IRL CD-ROM. I would leave the indices. The problem is with the independent
data providers. With most of them, you have to install their database also.
Before you can update the MetaStock database, you have to update their
database first. This doubles the data you are putting on your hard drive
every day. When there is a ticker symbol change or stock split, the data
provider changes its database then copies it to the MetaStock directory. If
the data provider's database is 2 years and MetaStock's is 6 years, you will
lose 4 years!
Daniel.
In a message dated 97-07-02 00:36:54 EDT, you write:
<< Dan the data from IRL is from a CD and you only need to copy that data
only that you wish to add to your Metastock folders. If you already have data
for a particular stock it need not be duplicated if it resides only in the
folder in which you use for building an index.
For example assume you wish first to create an index of four stocks, you
would retrieve these four stocks from the CD from IRL and create the index.
If you already had those stocks elsewhere then you could elect to delete
them. Thus you add stocks in a sense of those you are missing now.
However for my part I often duplicate stock entries in two folders. But
these for me probably number less than 25. For example IBM may be part of the
"DJ" folder and also be contained in another folder called "My Stocks".
Bear in mind I have used this just over one month there may other ways which
IRL may inform you of accomplishing this.
-----Original Message-----
From: DanMartinz@xxxxxxx [SMTP:DanMartinz@xxxxxxx]
Sent: Tuesday, July 01, 1997 5:19 PM
To: support@xxxxxxxxx; isoft@xxxxxxxxxx; gary@xxxxxxxxxxxxxxx;
help@xxxxxxxxxxxx; scotts@xxxxxxxxxxxxxxxxx
Cc: metastock-list@xxxxxxxxxxxxx
Subject: Why can't info providers work better with MetaStock?
I will be buying the Investor's Reference Library CD-ROM stock price
database
which uses the old 256 files per directory format. It has 5 years of data.
The new MetaStock v6 directory format is not an issue here.
I have MetaStock v6. Every single information provider on the Net makes you
maintain their database IN ADDITION TO METASTOCK'S. I have a 1.6 GB drive
with Microsoft's DriveSpace 3 compression software. I thought I had plenty
of room. Now I find I will barely be able to squeeze all the data I want
because of this duplication. I don't need a second database! The CD-ROM I
get with MetaStock has 5 years of data. I can get others with even more.
Why would I need a second and smaller 2 mos database maintained daily?
Also, many stock price info providers make you MANUALLY go in and change
stock splits and ticker name changes. If I maintained all US stocks, I
would
have to change 15 per day! Instead of wasting time and effort creating a
technical analysis program, stock price info providers should concentrate on
information and conversion to other technical analysis program databases
only. You can now get a cheap TA program for $50. These TA programs are
Windows 95 based and always better than the programs supplied by info
providers. They specialize in this field. The only way I can have
everything done automatically is if I use MetaStock's Reuters service. They
want $35/month. There is no way I am going to pay $35/month for just US
Stocks end-of-day!
Why is this so complicated???!!
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