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Hi Gang, I kept getting some minor screwy results with the Vealie spreadsheet and finally figured it out. Blind, just blind to anything beyond what I was focusing on so I didn't notice what was up.
It uses fractional shares, not whole shares. Yeah, mutual funds deal in fractional shares but the brokers like TDAmeritrade don't so I'm going to divide the Cash into two columns, one for the whole number of shares held in VFISX and another column for cash cash and then a total of the two. Then I realized that the number of shares held was also fractional, both for AIM and B&H. The AIM fractional shares was giving PC numbers like $6553.494291. Yikes
Best,
Allen
Hi Tom, I wonder where I got it. Having been a bit brain dead at times due to illness, I have no clue where exactly it came from. I suspect, since I generally am quite good at Internet searches, I may have stumbled upon it as I was looking for all things AIM.
The reason why I though it was yours is because it uses the Adjusted Closing prices, something I've never quite understood how they work and why one would use them. My understanding is that they take into account dividends (perhaps other payouts as well) and deduct them from the price. My question is, why, as the position never trades at that price? The brokers, at least TDAmeritrde does, do the same thing for the day they dividend is paid and then go back to the actual market trading price, so why would one use it for AIM?
As to the spreadsheet with Vealies I'm going to redo it with the current listed Yahoo prices at close of day and run some of the same tests and see what happens.
In looking over what I have already done it is clear to me that one needs to split the buy and sell percentages as well as increase the percent of stocks sold a bit to get the best results. One thing I noted was the results I got with 5% SV and 9% Safe were exactly the same as 4% SV and 10% Safe, showing that they are clearly interlocked.
BTW, I'm guessing it would be okay for me to forward that spreadsheet to anyone who wants it. Just drop me a note at 60e20f21@opayq.com.
Warmest Regards,
Allen
Hey Tom, I was going to add the prices from 2014-12-01 to current to your Vealie spreadsheet but neither the adjusted close nor the close prices match what is in your spreadsheet when I get the data from Yahoo. Did you get it there or somewhere else? I checked Google and they don't seem to have monthly prices, only daily and do not have adjusted close as far as I can tell.
Best,
Allen
Hi Gang, Because of jjv's question and my mentioning Tom's Vealie spreadsheet I decided to take another look at it. The data is from the 3rd week of June 2006 through the end of November 2014. The dates are a little screwy because Yahoo dates the previous month's data as of the first business day of the next month, except for middle of the month data.
Anyway, as presented with 50% stock in SPY and 50% cash in VFISX and default 5% of shares minimum sale, 10% Safe, and 50% Buy/Sell Vealies, AIM, at $16,307.97, 5.38%/year, loses to B&H, at $18,724.02, 6.951%/year, by $2,416.05, not exactly chump change. I thought about it a bit, thinking that can't be the best AIM can do, so I started playing with each of the parameters. Turning off Vealies caused the return to jump to $21,171.31.
Then I noticed that the cash never ran out on the 50/50 split so I played around a bit and went $7,500 stock and $2,500 cash, didn't do as good, only $20,656.18 and it ran out of cash for a while.
I kept playing around the stock cash split, minimum stock sale and percent Safe. I wound up with $23,450.02, a whooping 25.24% better, 9.562%/year, by setting the stock at $6,000, the cash at $4,000, the minimum stock at 5% and the Safe at 9% to get there. Never ran out of cash either.
Of course the buy and sell safe are the same so Tom's newer approach of 10% safe on the sell side can't be tested because they are not split with separate setting for the percent shares and the buy safe as one combo and the percent shares and the sell safe as a separate combo.
I'm going to play some more with it and see if I can easily separate them as see what happens.
Best,
Allen
Hi jjv,
Drop me a note at 60e20f21@opayq.com and I'll send you mine which has a whole bunch more stuff than the original AIMbareS. I've added a Compound Growth Rate calculator tab, 3 different next buy/sell calculators as well as dividend and commission columns. All these help in backtesting a potential position. However, beware, backtesting is no predictor of the future, especially given the long in the tooth bull market that might become a big bear bite.
Also you might ask Tom - OldAIMGuy - for a copy of his version with Vealies. I've got a copy but since he created it it'd be best if he sourced it.
Best,
Allen
Hi Ray, That's true, but given that the newest one's start date is just two months before the S&P bottom in February 2009 we can't see what would happen in a down market. Trying to find a 3x Bull ETF that started before 2007 is tough.
Best,
Allen
Hi Is7550, The only real problem with the portfolio analyzer is that it only goes back to just before the end of the 2007/8 grizzly bear market. What would any of them do when the next grizzly bear market hits?
At 101 months, if you count from when the S&P 500 hit bottom in February 2009, this is the third longest bull market in history so the portfolio doesn't have the bear market reality included, except for January 2009. When does one switch over to the Direxion Daily S&P 500 Bull 3X ETF, SPXS?
Best,
Allen
Hi Gang, I forgot to mention that, among the commission free ETFs at TDAmeritrade, among the 101 available, there are five that, long term, beat the index they follow: VMBS, VYM, VGLT, VCSH, and IJR. All five have a 5 star Morningstar rating and look like they might be good places to hold your cash.
Best,
Allen
Hi Gang, I'm thinking of making a change in my actions with AIM. Rather than buying or selling a percentage of a position, I'm now using round lots of 100, or smaller when special options exist. This way when I'm in a position to buy I'm selling a put, or in a position to sell, selling a call, just below/above or at the price I'm directed to. This brings in a small amount of cash as well as the shares, making the buy at a net cheaper cost or the sell at a net better price. Plus using GTC orders means less attention is required, a good thing.
I've back tested this on several positions and it gets me about 0.5% better returns, but it REALLY requires patience, even more so than AIM by itself as not every buy/sell actually executes right when AIM would want you to, or even executes at all. However, one benefit of this is that it delays buys/sells when the market is volatile and get a slightly better result.
The other thing I'm thinking about is trading only commission free positions. Yes, at TDAmeritrade there is a commission, even in the "commission free zone," to selling puts and calls but rather than $6.95 it is less than $3. Plus, when I need money for buying more shares it is easy to sell one of the commission free bond funds for the cash needed.
At this point I'm just paper trading this thinking but it looks solid so far.
Best,
Allen
Hi Ray, Alas, I can't even look at it as Google says:
Hi Gang, I was talking with a sales person for some investment software and in the course of the conversation he was suggesting that the SPDRS were a good area to look at for ETFs that did well. So I got curious and collected 150 of them and put them into a spreadsheet and then played around a bit. Of the 150 only 22 beat the index they were following since inception: IPU, XME, GWX, CWI, HFEZ, ULST, IPD, GNR, RWO, TOTL, STOT, EMTL, SYV, SYE, EFAX, QWLD, SYG, LOWC, TWOK, SLYV, SLY, and MDYG.
None beat the index by all that much, less than 1%, but even that small amount adds up over time.
Some of the SPDRS and iShares are ones that TDAmeritrade lets you trade for no costs, with some limitations, so they might be a good source of a place to keep your cash. I know that iShares IJR is one and it tends to beat most other ETFs in returns.
If you'd like a copy of my SPDRS spreadsheet drop me a note at 60e20f21@opayq.com
Best,
Allen
Hi Toofuzzy, What he said is that less often is better than more often, not that five years was best. His point is that fidgeting around too much is much more likely to make you lose money. He doesn't explain exactly why he chose quarterly. I'm guessing, that his thinking is like you said,
Hi Toofuzzy and Gang,
In the "3% Signal" by Jason Kelly is a reference on pages 60-61 to a study done back in 1997 published in The Quarterly Journal of Economics where the updating of the allocation between two mutual funds was analyzed when done monthly, yearly and every 5 years.
Hi Gang, Finally have gotten some traction with TDAmeritrade's display of the trust account. Turns out that one of the problems was that the spare cash was in an FDIC money market account. When it was switched to the straight cash (SPIC?) account things started to balance correctly. The other problem is that Think or Swim looks at the current value of a position differently than does the web site, which creates more confusion. You'd think they'd change one or the other so that they match but apparently they have no intention of doing so. Oh, well.
Best,
Allen
Hi Lostcowboy, Yep, I've got the book and his much longer PDF. Some of the ideas are very good but wading through the writing is a bit of a slog as things are not all that organized and a lot of it is quite old history which is hard to translate to today's market conditions.
To me, the biggest problem is that figuring out how to get prior data an LEAPS so one can analyze the history. Have you any clues on how to get a history of the prices for a given strike price?
Thanks,
Allen
Hi hrfanmike, Welcome to the conversation.
The biggest problem with ETF/ETNs is that because they are a pool of stocks, or whatever, they tend to be significantly less volatile than single stocks. Their virtue is that they can't go to zero; however, they sometimes are discontinued. Even then you don't wind up in bankruptcy court getting a penny on the dollar.
As to leveraged versus non-leveraged, it seems to me it depends on your available time frame and your monetary goals/needs.
It's a series of hard choices I'm struggling with as well.
Best,
Allen
Hi Gang, As an experiment I bought GUSH, a 3x leveraged ETF at $19 and sold calls for half of the number of shares at $22 strike price then sold puts at $17.50 for enough to bring my total position to a bit less than $20,000 should the stock be put to me. If they are my cost per share will a bit over $15, if they are not my cost per share will be about $11.35. If the calls hit their strike price then I will make $1200 on selling those shares, dropping the remaining shares to a bit over $10/share, half of what the current price is and I'll still have shares waiting for an AIM sell which might well be quite soon. We'll see what happens over the next month or so.
All I can say is Wow.
Now I'm going to look for another leveraged ETF, because of the volatility, and simply sell puts at about 10-15% below current market. If they are put to me that would make for a fairly quick AIM sale provided the market doesn't crash big time. I have my next buy point set, in my thinking, at 20% down from the put price and the sell point at Tom's 10% above the put price, maybe a bit more depending on the income at a given strike price. Again, I will sell the call for half of the AIM position size so that I have some left to play with.
I've paper and penciled this and it looks like this approach to getting a position started puts one in a better position for the next sell and still protects, somewhat, against a down market. We'll see.
In any case I've sold some out of the money calls on a couple of positions that have been vacillating +/-5% for more than a year so this income has reduced my cost basis and almost recovered half the losses my mother made on them in the trust fund. Plus I set the puts far enough out of the money that I will be out of them with around 2-3% positive return. Not a hell of a lot, true but much better than they have been since I took over as trustee, so I figure that's great.
Best,
Allen
Hi Gang, Because of a problem with TDAmeritrade's web page display of the trust account, that I have been complaining about since I discovered it in January, I've been keeping a spread sheet of every day's results at the end of the day.
The problems are that the amount displayed for the day's gain/loss in the upper left versus the lower right, and the day gain/loss column never match so it is hard to know what the status actually is. I wouldn't bother monitoring more than monthly except for the errors I was finding and the bs reasons I was given for them. They finally admitted that they been having these types of problems since 2014.
What's really weird is that a minor error on my own account does not show up on the trust account! It is only the way the interest earned on cash is displayed so it is a trivial amount but the other errors are anywhere up to a couple of thousand dollars. Then the day before I found a strange number in the transactions listing and the answer they gave me was double bs. They said it was partly to cover the "Maintenance Requirement." So a positive number posted to the cash account is for maintenance requirements? Getting straight answers is painful.
Anyway, the real point of this is that I've been keeping a spreadsheet for the last couple of months of the various figures and I added one extra column - percent variation in the total account value. Starting on 4/20 as 100% it has gone down to 98.91% and up to 100.67%, a total range of 1.76% and averaging about 0.2-0.3% variation per day.
I have done no trading in this account. Is this some sort of indication that the market is at or very near its top? How are the rest of you doing in this regard?
Best,
Allen
Hi Toofuzzy, I suddenly remember that the way the percentage was calculated in the spreadsheet is not the standard way. We had this discussion a while back where I questioned the percentage calculation method.
What I was taught, for calculating a drop, was to divide the lower price by the upper price. I.e., 8.33/10=0.833 then subtract from 1 to get the percentage drop, like you did, in this case, 16.67%.
The spreadsheet is set up differently and I've never quite figured out what it does or how it does it, I've just adjusted my percentages to get where I want, 20% in actual dollars. In this case to get to an $8.00 buy price I have to use 14.85%. Mostly I just use 15% instead of 10% buy safe.
Interestingly enough Steven R. Selengut says don't buy until there is a 20% drop in price and sell when there is a 10% rise.
Best,
Allen
Hi Toofuzzy, When you say "QUICK AIM CALCULATOR" are you referring to the online calculator at http://web.archive.org/web/20120609073103id_/http://www.aim-users.com/calculator.htm and/or Lou's spreadsheet version of that?
Another question is, is the $10,000 the total spent on shares, i.e. 1000, or is it AIM High with $8,000 in shares and 20%, $2,000 in cash?
BTW, I came up with a sell at $11.12, a penny difference, when I ran it on the spreadsheet. When I ran the initial buy, I didn't get it until $8.33.
Thanks,
Allen
Hi Ray, Yep, you are correct. Selengut has a brief article in Jeff Weber's newsletter for at least the last several months.
Best,
Allen
Hi Tom, I'm curious about your TLT chart. It looks like you had a sale at around $128 about April/May of 2012 and then the price dropped to around $105 in late 2013, an approximate drop of 18%. Why didn't you have a sale then?
Also, using the spreadsheet I can't come up with the same trades. It doesn't matter if I use monthly close price or adjusted close. I assume you are using Newport, right?
I tried to use Newport but kept getting stupid entry errors - my fault due to brain fog from being ill - and gave up. Should I go back to using it or are you just using pen and paper?
BTW, entering the monthly dividends I get 8.338%/year total.
Best,
Allen
Hi Gang, A while back someone pointed out that Jason Kelly's "The 3% Signal" book uses sort of an AIM like approach. Well, I found a book that does the buy low, sell high like AIM, but he uses 20% down to buy and sells at 10% up. He also trades in round lots of 100, 200, etc. shares. The book, "The Brainwashing of the American Investor - The book that Wall Street does not want you to read!" by Steven R. Selengut. He's been an independent advisor for over 30 years and, boy, is he cynical about the Wall Street world. Boiled down to a single sentence the essence of what he says is: They don't give a d#$% about you, it's all about how much money they can strip you of. Most of the arguments I've read before but he has some information that I've never seen before in writing.
Also he suggests that you split your money into to parts, an investment part and an income part. He does much more trading in the investment part and keeps things like utilities that pay reliable dividends for the income part.
Really well worth the read. You can get it on Alibris.com for about $6 plus shipping for the second edition. I recommend it highly.
Best,
Allen
Hi Toofuzzy, What is DEC? I can't find that symbol at TDAmeritrade or Yahoo.
Best,
Allen
Holy Guacamole!! That's a great one Toofuzzy. Wish I had been with BIB myself but when I looked at it myself a while back I didn't see it as a good position but I wasn't considering options at that point.
Best,
Allen
Hi Toofuzzy, I'm not suggesting selling options on all of a position. Also, if the market is in a steep decline the odds are that I will not be in a AIM directed position to sell anything. I'd only be able to sell a call on a portion of what I have to continue generating cash.
Also, selling a put when the market is on the way down can make sense, especially if you are using a delayed buy, as you will get in closer to the bottom. Though different than Orcroft's buying after the second uptick it still would put you in a better position for the next bull market swing by reducing your average cost per share, plus generating some cash, always nice. Doing this helps make your next sell point sooner.
This has been a great discussion. Let's keep it going as I'm learning a lot.
Best,
Allen
Hi Tom, Thanks for the pointer to the older discussion.
However, I do have one problem with they way you posited what might happen. Yes, it is true that the price might drop from $37 to $20, ~46%, but that is a rare occurrence and would not at all likely happen in a 3 or 4 month period that you posited as a problem. I'm sure one can find some cases where this does happen, while not as rare as hen's teeth, it is a tiny percentage of the total market.
The other issue I see is that you posit that your cash reserve is exclusive to that one position which one that does not have to adhere to. It is almost the defining reason to have a single cash vault for all your positions. This accomplishes two things, having more money to deal with unusual occurrences and it also allows one to use a lower percentage cash for each position. Assuming $100,000 total that you are working with, the 20% cash means you have $20,000 potentially gathering dust, especially given the interest rates today. One could reduce this to 15% and still have plenty of money to fulfill your buy requirement for the one position. Assuming that you require a minimum trade of 10% on the buy side, and that you had bought the shares at $25/share, with the 85/15 split (assuming that you had 5 positions at $20,000 each) you would have 680 shares. 10% means buying 68 shares at $20, or $1360, less than 10% of cash reserves, not including what was earned from the premium, which would be almost 1% of your cash reserves. And this is with a minimum share percentage that is double what is typically talked about.
Yes, it is possible that several of your positions could go through the same cycle in step with each other but it's not common on a finer detailed look.
Best,
Allen
Hi Toofuzzy, Why is it not as lucrative to sell both puts and calls at the same time?
Thanks,
Allen
Hi Toofuzzy, Just a quick clarification, please.
You say:
Thanks Toofuzzy for pointing out that you keep both sets of premiums when you sell both a call and a put as only one can be exercised no matter which direction the market moves.
This means if the call is exercised you'd have gotten $550 option premium plus the $56 for the sale of the stock at $12 when you bought it at $11.44. This compares to the sale at the AIM point with a gain of $88.
For the put your cost for being assigned would be $1,000 minus the $550 option premiums or $450 thereby reducing your cost per share to $10.98, down 4%
Best,
Allen
Hi Ray, There are two problems here that intertwine: Duration of the option and amount you sell for. Then add in the issue of it going well above the option strike price but the buyer, who is not obligated to take the assignment, doesn't exercise their right.
To answer the second one first, chose an option price for a position that has sufficient activity that there would be someone who would buy it and then turn around and sell it. Using AMD with the strike price of $12 and say it went to $17, the buyer would get it for $1,200 and then could turn around and sell it for $1,700. I wouldn't promise that would happen but it seems unlikely that anyone would pass up $500, especially since there are about 20,000 open contracts at the moment, but if they didn't you'd still have the $325 when the option expired and then you could sell it yourself. Yeah, it's a long wait but if the stock doesn't hit the AIM buy or sell points while you're waiting what would you do, twiddle your thumbs - no, I'd guess you'd use one of those new gadgets that everyone seems to be buying, right? Then, of course, one could also use the remaining stocks to do the AIM trade regardless of whether the option was assigned. Double your bang for the buck.
The other resolution that is possible is to buy back the call. Using AMD again, currently the call buying premium at $17 is about $1.80 or $180. This would close the contract and diminish your return on the option to $145, but then you could sell the stocks for $1,700 for a gain of $556 so your total gain would be $701, nothing to sneeze at and still better than AIM's $556.
The likelihood of that extreme range happening is beyond belief for me given that the people who talk about options trading talk in terms of $100-$500 gain per contract so if it was to move above the strike price a dollar or so the odds are someone would take it.
Now looking at the sorter contracts there are two problems, the shorter the term the fewer contracts are there. You have to go to the August 18th, 2017 to get sufficient open call contracts but the price is only about $97/contract. Is that amount worth it? Combining it with the $56 you'd get for the stock itself you'd get $153, more than the $88 if you just waited for the $12.32 AIM sale point but is it enough to warrant doing this? I'm not sure.
For the put it is even worse with only $56/contract so you'd be getting the 100 shares $944, only $32 less than the AIM calculator suggests.
This all suggests that one should do more than one contract to make it truly worthwhile but that violates the basic AIM standard. As it is we are trading more than the 5% and to go to two contracts we'd be going to almost 15% stock sale, triple the basic amount. I'm not opposed to that given that for the put we'd need double the reserve money, but with 20% cash we have $4,000 so that would be no problem.
Best,
Allen
Hi Gang, Is this a crazy idea? Don't know for sure but I think it might work so I'm running it by you'll to get some different perspectives. Also want to thank Toofuzzy for getting me to think along these lines, but don't blame him if the idea is just too crazy for words.
AIM's success is based on volatility but there are times in the market where it does not move enough to trigger buys or sells for long periods of time and ETFs don't have all that much volatility ever, sooooo, how about selling both puts and calls against your holdings?
Sell a put around where AIM would have you buy your next batch. Yeah, you have to do it in lots of 100 shares rather than the percentage you have selected for AIM, but, if you get assigned, you get them at a price close to what you like AND you get the premium for the sell.
Then you can also sell a call around where AIM would have you sell some of your position, yeah you still have the hundred share limit per contract but when you sell you get not only the price for the share but also the premium for selling the call.
Let's look at the math and see how it would work. I'm going to use AMD as the example.
Currently AMD is selling for $11.44/share, so we'd buy 1398 shares on a 20% cash $20,000 dollar position. A 5% minimum share sale would only be 70 shares so we'd have to up that to 7.16%. Using Tom's 0% sell safe the price would be $12.32 but the closest option strike price that has a decent return is $12.00 for a January 18th, 2019 LEAP option. It currently is selling around $3.25/share or $325 for the 100 shares.
If you sold that you'd get the $325 plus $0.56/share over purchase when it sold or a total of $381, less commissions, of course. If you took the sale at the $12.32 the online calculator says, you get only $88 for the 100 shares. Big difference.
Now lets look at the buy side, 10% buy safe and 7.16% shares bought the online calculator says buy at $9.76. The closest option strike price that makes sense is $10.00 for $2.25/share for January 18th, 2019. Assuming a buy at $10.00 it would cost $1000 minus what you get for the put, or $775, $201 less than the $976 the calculator suggests.
Assuming you still had the 1398 shares at $11.44 or $15993, and you added the 100 shares at a net of $775 you'd have 1498 shares at an average price of $11.19 as opposed to $11.33. Not huge but might make a difference.
Okay, a couple of points. The choice of the January 18th, 2019 LEAP was to get the best possible price for selling the put and call. The return for significantly shorter times is significantly less. Also, using the LEAP acts sort of like a Good 'til Cancelled order to someone to actually ask for assignment. Another point is that as time goes on it might be possible to buy back your option position and make less be then be able to sell another put or call. In any case it requires patience just like AIM does, so that's not bad, right?
Please think on this idea and see what you come up with, either objections or improvements. I look forward to your thoughts and ideas.
Best,
Allen
Hi Tom, What I've been saying to people about the whole Internet thing is: The first cars were built in about 1895, so what were cars like 50 years on? Pretty primitive compared to today right? Well, the very first "internet" connectivity was in about 1969 and the WWW wasn't until 1993 or so so I'd guess it is still pretty primitive, with lots of room for improvement, right?
My domain name - don't actually have a web site up at the moment - dates from July 1995, less than a year after one could connect readily to internet web sites. When I registered it domain registration was free and my number was 64,000 something. I don't recall the exact number but something got screwed up in the registration process and when it was found they did not give me the same number when they fixed it. I got a new number in the 300,000s, still very early on.
Anyway, my point is that we need to expect there will be lots of crazy changes going forward, so hold onto your hats because the winds of change are likely to get quite strong, especially since none of the companies want to spend any money on truly good and complete documentation.
Best,
Allen
Hi Gang, Well, well, surprise, surprise. I just talked with a person in the tech support staff at TDAmeritrade and he said the problem I'm having with the one account has been an ongoing problem since 2014! And they still not have figured it out. Then he admitted that he had no idea why one of the accounts works properly, well, except for the accrued interest, and the other doesn't, except for the accrued interest which is correct. ARRRGH!
Best,
Allen
Hi Ray, Do you have my e-mail address? If not, here it is: 60e20f21@opayq.com
Best,
Allen
Hi Ray, If you like I'll buy a copy and mail to you.
Best,
Allen
Hi Gang, For those of you using TDAmeritrade beware! Their web site does not accurately present the figures for your account.
In one account it is always deducting the trivial interest earned by the cash on hand yet in another it does not. I have complained about it and they haven't fixed it for more than 6 months.
In a far more important area are the figures for the following items I've been tracking in a spreadsheet for the last 6 months.
The ones I've highlighted don't match up with others so it makes it difficult to be sure where things actually are."Listed Portfolio Total"
"Listed Cash on Hand"
"Increase (Decrease) in Cash on Hand"
"Listed Day Stock Value"
"Day Stock Listed Value Difference"
"From Prior Day Listed Portfolio Change"
"Upper Left Listed Day Gain/Loss"
"Lower Right Listed Day Gain/Loss"
"Dollar Day Gain Column"
Hi Ray, It's a software program, Excel spreadsheet based to be more exact, that helps chose prices to enter a trade by looking at recent history and giving you possible ranges for entry so you can get in a bit lower than just guessing.
Best,
Allen
Thanks Ocroft! I would have puzzled over it endlessly, especially since I was able to get the actual open/high/low/close via Google that matched the figures in the sample spreadsheet included in the documentation for the program.
The bizarre thing is that they also multiplied the volume by three as well! Well, almost, some a bit less and some a bit more, but, what the hey, it's just math, right?
Best,
Allen
Hi Gang, I just got a copy of "Stock Traders Entry Price Calculator," which was suggested by another member of this board. I tried to create a copy of the CSX example (2009) in the brief manual and so went to Yahoo Finance, both US and Canada and got totally screwy results. The daily price, open, high, and low made no sense. The close price matched the printed sample at $42.18, but the high was 14.57, the low $13.94, and open was $14.37 and the volume listed was about three times what was in the sample in the manual. So I thought, I'll try Google and could not find any listing of past prices for CSX. Maybe I was looking in the wrong place but it was the same place I used to get prices from, so who knows.
Then I went to NASDAQ and got ALMOST the same as Yahoo, except for the closing price. That aligned with daily high/low/open and the volume almost matched the Yahoo figures, only off by a few hundred out of ~15,000,000. Holy Guacamole!
Are there any sites that can be trusted?
I found this list of places but I have not tested them yet.
https://www.quantshare.com/sa-43-10-ways-to-download-historical-stock-quotes-data-for-free
Best,
Allen