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Thanks
for the reply John. What does your data provider do to affect the
split? Mine will adjust the data automatically. This will produce
negative prices historically in some cases. I'm not sure if this adjusting
history to reflect splits is OK or not. I just want to be sure that
the prices reflect the true price swing turning points. The software I
have written identifies price swings and their levels.
<FONT face=Arial color=#0000ff
size=2>
Thanks
again,
<FONT face=Arial color=#0000ff
size=2>Tim
<FONT face=Tahoma
size=2>-----Original Message-----From:
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of jhmtnSent: Sunday, January 21, 2001 1:12
AMTo: metastock@xxxxxxxxxxxxxSubject: Re: stock
splits
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
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<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>
<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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