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RE: [amibroker] Dividend Question



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In my opinion, spin-offs and mergers are
better covered as problems dealing with fundamental data.  Readers will
remember my posts stating my opinion that fundamental data is of vanishingly
little use.  The companies involved have a lot of “flexibility”
in deciding what assets go with what ticker.  All we technical analysts
can do is wait for the dust to settle and download the data streams we are
given.

 

Howard

 



-----Original Message-----
From: Chuck Rademacher
[mailto:chuck_rademacher@xxxxxxxxxx] 
Sent: Wednesday, October 22, 2003
2:37 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: RE: [amibroker] Dividend
Question

 



A (potentially) larger problem than
dividends is "spin offs".   This is where a company spins
off a part of itself.    Shareholders end up with shares in the
original company that have been substantially reduced in price plus shares in
the new company.







<font size=2
face="Times New Roman">-----Original
Message-----
From: Steve Almond
[mailto:steve2@xxxxxxxxxxxxxxxxxxxx]
Sent: Wednesday, October 22, 2003
4:56 AM
To: Ami
Subject: [amibroker] Dividend
Question





I've seen discussion about dividends on this board from time to time.
Never took much notice, because dividends seemed so insignificant. Today one of
my systems threw up IOM, and I learned different. 





On 10/2/2003 IOM paid a dividend of $5. Attached are two charts which
(I think) show the effect of accounting for this dividend or ignoring it.





Obviously, differences of this magnitude have an extreme effect on many
TA systems.





Which chart is 'correct'?





 





Steve





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