QID just dropped from $69 to $59 on December 23rd, but it was due to the end of year capital distribution of approx $10/share. How does C2 account for the capital distribution? It is quoting my original open at the actual open, and the current position at the last close.
BTO QID 46.23 on 9/8/08
Current 60.07
But where is the missing $10/share? Yahoo quotes an "adjusted close", which effectively changes the original BTO price, but C2 is not doing this. C2 is showing my performance this month at -18% which may not account for the distribution. Hmmm…
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Actually, C2 does account for dividends automatically, in exactly the same way that real life works. While it is true that the ex-dividend date was 12/23, the pay date for the dividend in question is 12/30. Thus, you will receive a cash payment into your C2 model account on 12/30.
Hi Matt,
This is not true for a system I wrote. The dividend/cap gain was posted to the C2 account over 1 month after the Pay Date.
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How/where do I request an adjustment for this problem?
It damaged the trade record for my system, because the dividend made a set of trades look like a significant loss. When in reality, the cash dividend/cap gain prevented the system from going under 20% equity and further, prevented the margin called trade, since the cash gain was in the account to cushion/prevent the margin call.
Disappointed,
–Mike
This was a bug. The software should have applied the dividend on 12/30 but due to a software problem, it did not.
While I understand your disappointment, it’s really beyond my ability to manually adjust every account and all the equity points on your chart to apply the dividend earlier. I am sorry for the problem, but the good news is that the problem has been fixed going forward and all dividends will be applied on time … including those for Proshares (this was the particular problem – dividends were not applied for Proshares ETFs).
