Forum Archive Index - January 2002

["Mike" <terra1@Ihug.co.nz>]

Hi Chris,

              Infoscan http://www.infoscan.co.nz/ supply end of day data and also up to the minute data as well, but up to the minute data costs lots whereas end of day data costs about $72 quarterly (which I worked out to be about $1.11 per working day).  Infoscan do not supply any charting software (that I know of) only the data, plus you can also purchase 10 or so years history on most exchanges from around the world for $100 or thereabouts.

    I myself just joined Infoscan for there end of day data and I purchased a charting programme called Metastock and I just download the data at the end of each day from Infoscan, I also purchased the ten years history on the NZSE which cost an extra $100 from Infoscan (Metastock was not from Infoscan) nor do you have to use Metastock there are several charting programmes that do the same thing.  Its just a matter of how much money you are willing to part with to purchase a decent charting software package, but I would check to make sure that whatever data supplier you choose is also compatible with the charting software you choose.

 

   For those of you who remember when I was asking about data and software packages and which ones to purchase etc, also about the $50 an hour tuition and whether that was worthwhile or not (jolting any memories yet).  Well I got the guy from the intelligent investing team to pop around home and he gave me just what I needed, and helped me construct my own first Explorer and also how to construct my own Experts for certain stocks etc. and much more, definitely money well spent (definitely).  Funnily enough the first stock that Metastock came up with after using the standard formula in the getting started manual was Waste Management, that was before I had the home tuition and I broke all the rules and purchased 1100 shares at $2.64 which I have now sold at $2.98 (bugger).  After I had had the tuition and was using the formula that we'd written and it came up with about five different companies, I looked at them all and using my very very vast array of stock-market knowledge, experience and know-how :) I chose NOG at 34 cents only thing was I only purchased 6414 shares (another bugger) I'm wondering whether to sell them now or not.  Other than that I have not really had too much of a chance to get in and do any serious learning of Metastock being that time of year again, but now I have no excuses. I also brought 40,000 ITC shares at $.06 cents just to bring my average price down as I already owned 50,000 at $.091 cents hopefully they have an extremely good year (pretty please please please). I think Metastock may have said no way to that purchase, but hey that damn programme can't have it all its own way (whose the boss anyway).

 

Regards

Mike

 

 

      Mr Nua,

   What companies supply this data/software? I am only aware of 1 here in NZ and that's Henley's.

 

Chris

----- Original Message -----

From: Mr Nua

To: sharechat@sharechat.co.nz

Sent: Monday, January 07, 2002 12:02 PM

Subject: Re: Re: [sharechat] WAM

Hi Chris,

 

I would imagine that most chartists (including myself) use a data supply and computer software. This means that the prices and graphs automatically update.

 

You do need to update your trend lines/boxes/stops (whatever you use), but this is only when your interest has been spiked in a particular shares. I usually have about 10-20 shares on a "watchlist" which I will check every day.

 

This takes about 10 minutes a day. Not sure about fundamentals.

 

Mr Nua