Registered User
Joined: 2/25/2005
Posts: 3
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does telechart make adjustment to cash distribution in a stock or ETF? for example IFN had a cash distribution of $8 per share, but the chart does not recognize it and show a large decline in the technical indicators. It seems misleading to not take it into consideration.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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TeleChart's price data is not normally adjusted for these events (although it has been in certain circumstances such as the MSFT Special Dividend on 11/15/04).
-Bruce
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TC2000 Support Articles
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Registered User
Joined: 12/14/2007
Posts: 3
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Email support told me: "Per company policy symbols are not adjusted for dividends. We do make individual exceptions for especially large dividends." I take it as this: for both TC and Blocks price data, stocks, ETC/Closeends and mutual funds, Worden does not normally adjust the price for dividends, capital gains and distributions (for MFs), unless it is larger than a predetermined big percentage, like 10%. As a result, on ex-dates, charts would show a drop which actually not a equity line declien if you were long it. Is this an accurate recap? I am sure you have all the data for all sorts of distributions. I don't understand this policy since it does not make good business sense. Could you elaborate? Thanks!
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