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Tim,
I have 60+ Metastock folders holding some 2,100
stock issues. In addition, some of those are duplicated in multiple
folders by price, exchange, or issue type. It includes the S&P
500.
The way I handle the split issue is simple. I
do my daily price download then I run a small eploration I wrote that finds the
common 2:1 splits, then another one that finds the 3:2 splits. I check the
lists produced against the Yahoo site, then use my data provider software
to afect the split.
Generally, it only adds about 3 - 6 minutes to my
nightly preparation time. Then, on the weekend, I again go to a web
site such as Yahoo and scan their split list. From that I pick up the
oddball splits that I missed such as the 5:1 and the 1:8. The weekend
effort takes on average about 10 -15 minutes. A small price to pay.
In addition to this, I do a more manual review of a
potential trade before I take it. This will show any other odball
conditions that surface. Plus, I've downloaded BigEasyInvestor
and run its update about twice a week. It reports splits
due for the week and splits that occurred today at market open.
Altogether, the effort to maintain the DB for
2,100 issues is about 1/2 hour per week total, with some weeks taking up to
a hour for that week.
I've heard that some data providers will update the
issue's back history if there is a split, but the one I use doesn't unless I
delete and readd the issue, which I don't.
Hope this helps ......... John
----- Original Message -----
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=tim@xxxxxxxxxxxxxxxxxxxxxxx
href="mailto:tim@xxxxxxxxxxxxxxxxxxxxxxx";>Tim Stevenson
To: <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Friday, January 19, 2001 6:12
AM
Subject: stock splits
I
have been trading mostly commodities and have developed a system that I'd like
to run against stocks as well.
<SPAN
class=840170312-19012001>
My
question involves stock splits and stock dividends and capital gains. My
data vendor is CSI and they include an option in their Historical Stock
Adjustments settings that allow for adjusting for stock splits and also for
stock dividends and capital gains.
<SPAN
class=840170312-19012001>
What
have you found to work well with dealing with these issues? I haven't
dug too deeply into this yet, but I'm thinking I might have to use the data
from the most recent split and go forward. This requires constant
monitoring of when splits are occurring. This isn't a big deal on a few
stocks but I am running the system on the 500 stocks that make up the S&P
500.
<SPAN
class=840170312-19012001>
<SPAN
class=840170312-19012001>Thanks,
<SPAN
class=840170312-19012001>Tim
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