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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Fintas who wrote (20371)	11/13/2017 8:29:10 PM
From: John Pitera	1 Recommendation Read Replies (1) of 33421

Fintas, remember you have to remember stock splits..... extraordinary events such as Allegheny stock symbol Y... when they sold Investors Diversified Services (IDS) to American Express in 1983 . due to the sale they . Paid a 1 time special cash dividend of $50 a share as a liquidity event for the major shareholders. Value line listed 1 family owning 42% of the stock back in those days. I recall being on an Airplane and reading it being the First Billion dollar CASH deal.... although the price5 was later scaled back to more like $800 Million, presumably to contract agreement stipulations.. It gets complicated to put that type of information into a chart.... and it's also very laborious to keep track of the quarterly dividend of stocks over long periods of time... If you own it or have the statements for the last 50 or 75 years and have really been keeping very accurate.... detailed records... then you know. otherwise "caveat emptor"..... it is the buyers obligation to do due diligence... also know as buyer beware... I am pretty sure that Yahoo was trading at $240 at the top in 2000 because I had a colleague of my brother who owned the stock.. Stockcharts showed it not above $120 and now YHOO, Yahoo has been purchased.. *many,many data series are of dubious quality as you go back in time.*.. John

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