RE: [amibroker] Dividend Question

["Bob Jagow" <bjagow@xxxxxxxxxxxxx>]

I 
think Kaufman would consider large changes due to spin-offs or  mergers a 
shock that should be excluded from the data stream.
<FONT face=Arial color=#0000ff 
size=2> 
<FONT face=Arial color=#000080 
size=2>Bob

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: Howard Bandy 
  [mailto:howardbandy@xxxxxxxxx]Sent: Wednesday, October 22, 2003 
  8:13 PMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE: 
  [amibroker] Dividend Question
  
  <SPAN 
  >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 
  &#8220;flexibility&#8221; 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.
  <SPAN 
  > 
  <SPAN 
  >Howard
  <SPAN 
  > 
  <DIV 
  >
  <SPAN 
  >-----Original 
  Message-----From: Chuck 
  Rademacher [mailto:chuck_rademacher@xxxxxxxxxx] <SPAN 
  >Sent: Wednesday, October 22, 2003 2:37 
  AMTo: 
  amibroker@xxxxxxxxxxxxxxx<SPAN 
  >Subject: RE: [amibroker] Dividend 
  Question
  <SPAN 
  > 
  
  <SPAN 
  >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.
  <BLOCKQUOTE 
  >
    
    <FONT face="Times New Roman" 
    size=2>-----Original Message-----<SPAN 
    >From: Steve Almond 
    [mailto:steve2@xxxxxxxxxxxxxxxxxxxx]<SPAN 
    >Sent: Wednesday, October 22, 2003 4:56 
    AMTo: Ami<SPAN 
    >Subject: [amibroker] Dividend 
    Question
    
    <SPAN 
    >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. 
    
    <SPAN 
    >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.
    
    <SPAN 
    >Obviously, differences of this magnitude have an 
    extreme effect on many TA systems.
    
    <SPAN 
    >Which chart is 'correct'?
    
    <SPAN 
    > 
    
    <SPAN 
    >Steve
    <SPAN 
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