Recent One Step Update funkiness when doing updates in the morning

I do not know but since you have yet to receive a reply then I will venture a guess. Perhaps its est since it has not yet opened but contains the previous eve after hours trades. Mel

Mutual funds or other securities that only update their price in the evening will show "EST" because there is no current price for that security, only one that is a day old.

-- Jim

PG and MO aren't mutual funds, there widely traded stocks.

Tom Young

I'm not usually up quite early enough in the morning to verify my suspicion about this; but you can probably check it out fairly easily.

The "est" means Quicken does not have a price for the chosen Quicken "As of" date, and is displaying the latest price it has prior to that date.

My assumption is that from 12.01am until 20 minutes after the markets open (adjust for local time), Quicken's price servers will not provide any prices for the current date. [And all mutual funds should have "est" prices from 12.01am until sometime after markets close.] If true then the financial institutions are the only source of prices during the 12.01 to markets-open time frame.

Also, as suggested by another in this thread, it seems to me that the only valid prices for 12.01am to the opening of markets, are after hours prices.

If the assumptions are true, one thing to check: are the non-"est" prices valid?

A second thing to check is the source of the prices.

Before doing a One Step Update, do a "Download Quotes" from the Portfolio tab. Note the prices you get, if any: they can only have come from Quicken quote sources. Then do a One Step Update, and see if you get prices that weren't downloaded in "Download Quotes"; they likely came from your financial institution(s).

If you're getting some valid after hours prices from your fi's; they should be able to tell you why others of those after hours prices are not available.

If you're getting valid after hours prices from Quicken ... I doubt there is anyway to determine why you get some and not others. But the Quicken Live Community is the only place I can think to try.

Let the Record show that "John Pollard" on or about Tue, 13 Oct 2009 21:03:31 -0500 did write/type or cause to appear in alt.comp.software.financial.quicken the following:

Same thing happens if you update on Saturday, or when ever the market is not opened. "est"is just "last data I have is not for today. I world not be surprised to discover that if you down load the prices Thursday night, but then check your accounts after midnight, you'd see "est" too.

As to the specific stocks being shown as est even after the market has opened, they might (note _might_) not have any trades closed when you log in.

pyotr

- pyotr filipivich. Just about the time you finally see light at the end of the tunnel, you find out it's a Government Project to build more tunnel.

"Est" means the price displayed is not for the date displayed, but is for an earlier date; it applies to any date, not just "today".

Naturally. It follows from the function of "est".

Sure. Or the sources of the prices might be experiencing problems and not delivering current prices. All that matters is what's in your Quicken price history, and what's not in that price history ... not why.

As I'm frequently up before the markets open and run an OSU at that time, yes, that day's prices show up as "est." But, yesterday's closing prices *are* available, and they're updated; the problem is that not all the stocks are being updated.

Since I don't have Quicken querying my brokerage accounts the price information should be coming off the Quicken servers and they don't use after-hours information, that I know of.

I believe so, though I haven't explicitly checked that comprehensively. There are some stocks where I follow price movement and price closes more closely than others and I know that I've looked at these prices after OSU and seen that they're correct.

I'm sure the prices are coming from Quicken. I looked at my OFXLog after the last time I noticed this problem and there wasn't a single security price in the log, and that makes since as the only FI's listed on OSU are credit card issuers.

I'm pretty confident that after hours prices aren't in play here, as I've explained above. Maybe I'll make it a point to do my OSU's early in the morning for a few days to see if there's anything I can figure out. I did post to Quicken Live Community but I don't think there's been any responses.

Tom Young

If you attempt to download prices between 12.01am and 20 minutes after the markets open (Eastern time for the NYSE, say), and there are no after hours prices available for downloading, I would assume that every price you see in Quicken when you have the "As of" date set to the day you are downloading will say "est".

Example: If you attempt a download at 3am Eastern time, on Oct 15, and no after hours prices are available, and the Portfolio tab "As of" date says, Oct 15 ... I assume every price you see in the Portfolio tab should say "est", since every one of those prices has to be for Oct 14 (or earlier).

Am I not understanding what you did? Or what you got for results? Or am I just not understanding?

If I don't do an OSU on July 12, and I do an update at 6:15AM Pacific on July 13, then all the July 13 prices will read "est" (market's not open yet) and all the July 12 prices will (should) show the ending prices for July 12. The problem is that some of the July 12 prices still read "est." I've typically seen a dozen or so well-known stocks with a price reading "est" while the rest of the holdings have proper end-of-day prices. What I haven't kept careful track of is whether it's the *same* dozen or so stocks each time this happens, but I don't think so.

Tom Young

I've got it now.

I did a 6:45AM Pacific time OSU this morning after not doing any OSU yesterday (10/15). The results were not as dramatic as I described above - there were only 2 securities that didn't show end-of-day prices for 10/15 vs. the dozen or so I usually see - but the results were "interesting" none the less.

As a reminder, this morning's OSU did *not* include any information from FI's, meaning stock prices were coming from Quicken's servers.

As the OSU was done at 6:45AM Pacific, just 15 minutes past the market's opening, there should be *no* prices indicated for 10/16; all of the 10/16 prices should have "est" next to them. However, out of the 38 listed securities in my portfolio 5 securities *did* have non- est prices:

SCHN 55.59 + 1.09 ATCO 1.94 + .03 PFE 17.63 + .26

PEY 7.80 - .03 RCMT 3.00 - .0595

I signed on to Schwab and determined that the prices shown for these securities are 10/16 opening prices and the change noted correctly reflects the change from 10/15 closing prices.

Looking at 10/15 prices, which should reflect that day's closing, only

SCHN est 54.50 PFE est 17.37

I confirmed that the prices shown for these two stocks were in fact correct closing prices for 10/14. I worked through the prices for the rest of the securities and they all properly reflected 10/15 closing prices.

At 7:31AM Pacific time I did another OSU. After this second OSU all non-mutual fund listed securities indicated non-est prices on 10/16. Going back to the 10/15 date I found that SCHN *had* updated and indicated a correct 10/15 closing price while PFE had not updated and still had the est.17.37 price.

It seems that Quicken's servers are at fault here, though the fact that I'm the only one reporting this issue might also indicate I have some sort of local problem.

Thoughts?

Tom Young

Did a OSU this evening (10/16) and all exchange-traded securities came through with end of day prices. I'll try another early morning OSU

Tom Young