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Free NewsletterColin Nicholson's website is choc full of valuable information on investing and analysis.Colin is best known from his monthly articles on charting and the psychology of investing in AFR Smart Investor Magazine. His books Building Wealth in the Stock Market and Think Like the Great Investors are available from his website or any good bookshop. Colin offers a free newsletter on various aspects of investing, and analysis. His free access website has over 1000 questions and answers along with all his past newsletters. |
Insight Trader Database Manager![]() Data from your data vendor is transmitted to you via a series of three letter ASX codes, one for each company. For various reasons these codes may change from time to time. The company name can also change as can its main activity. Sometimes the company may split its stock, make rights or bonus issues, reconstruct its capital and/or return portion of its capital or premium. These changes affect the share price so previous prices need to be adjusted to allow a valid comparison over time for charting analysis. A reconstruction can also lead to a suspension of trading of the primary ASX code which is temporarily replaced by another known as a deferred delivery security. In the past, to properly carry out the housekeeping on your ASX database, which can typically be 4,500 files in size, it was necessary for you constantly to hunt down all this information from various sources yourself. Then followed the laborious process of inserting this information in the appropriate files, merging all the separate files together that need to be merged and removing from the database all the old files, that have been merged with new ones (typically about 450 files). After that, adjusted files needed to be generated for any securities that have been the subject of splits issues and reconstructions. This whole process is unrelenting and exceedingly tedious and much of the information is both very difficult and expensive to obtain. The reality is that few users have actually been performing this very necessary housekeeping function. In fact many of the historical databases commercially available for charting programs are grossly in error as the result of adjustments having being carried out incorrectly or not at all by people untrained to do so. It is not unusual for such historical prices to be out by factors of 5, 10 or even 20 and large parts of charts to be entirely missing. Even if your data vendor is now providing adjusted data, your historical data beyond a few years back may be extensively in error. It is obviously meaningless for users to waste time performing precise analysis on grossly inaccurate historical data. Over the years we had been approached periodically by a number of clients suggesting that, rather than everyone each doing their own housekeeping, a single operator (say Insight Trading) should do the chore and make the result available to all users who wish to participate in the scheme. We were finally persuaded to undertake this mammoth task and were pleased to be able to offer a service to do this housekeeping for you. The Insight Trader ASX Database Manager will carry out the following tasks on the files in your existing database:
The Database Manager service is $198.00 for the first year and $154.00 pa thereafter. |