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Chuck et al,
my apologies; i came back from vacation with this topic on my mind
and neglected to do a search on it before posting.
Having read the dividend related posts, i have come to the conclusion
that i have to take account of dividends off-line because i invest
almost entirely on ASX, and there doesn't seem to be any dividend
corrected price data around for ASX. I sent off a request to
Cooltrader regarding that, but won't be holding my breath.
My working assumption is that price will vary from ex-dividend date
to next dividend date by the amount of the expected next-dividend, so
any signal to buy above that projection should be treated as possibly
false. That assumes that the market correctly priced the stock at the
last ex-dividend date, which may not be that silly, since that is
when the market is more focused on the particular stock.
Comments appreciated.
Gerry
--- In amibroker@xxxxxxxxxxxxxxx, "Chuck Rademacher"
<chuck_rademacher@x> wrote:
> Gerry,
>
> Over the last five days (or so), there's been more posts on the
treatment of
> dividends that the average person really wanted to see. I suggest
that you
> have a look through those posts. If you have any specific queries
after
> reading them, I'm sure someone here will be glad to help. I would
suggest,
> however, that it isn't only relevant to long term investors since
even short
> term investors (hopefully) backtest over long periods of time.
>
> Good luck!
> -----Original Message-----
> From: gerryjoz [mailto:gerryj@x...]
> Sent: Thursday, January 08, 2004 4:12 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] dividend effects
>
>
> One would think that if a larger (or smaller) than expected
dividend
> is announced, that on that date there would be some price action,
and
> also on the ex-dividend date that the price action would be
related
> to the dividend amount.
>
> Has anyone tried to incorporate or allow for dividend effects in
> indicators or AA?
>
> Why do i ask....i keep getting sell or buy signals at these times,
> when i might reasonably be compensated (instead of selling) by a
> cheque in the mail so to speak, or not buy a stock that is rising
> back to it's pre dividend price at a just reasonable rate. To put
it
> another way, these are signals i might ignore in practice, but a
> trading system that ignores them can give misleading results on
when
> to trade if it is optimized with these effects unaccounted for.
>
> Any suggestions will be appreciated, especially from those who
hold
> shares long enough for dividend effects to matter.
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