I'm trying to perform a strategy based based on Share-Issuance in US market.
In the research conducted by Pontiff & Woodgate 2008, The Journal of Finance.
Their research analyse overtime the share issuance factor and showed evidence of a negative relationship of issuance over cross-sectional returns, reflecting an attempt of companies to profit from period of overvalued share's price and period of undervalued of share's price.
Research paper : https://www2.bc.edu/jeffrey-pontiff/Documents/11_pontiff-woodgate.pdf
I performed a analysis of the factor based on share issuance and I'm now trying to apply it into a trading strategy.
I want to create a strategy that hold the stock for 5 years when the company issue some shares and short for one year when the company buyback shares.
Any idea about the code that will keep open the orders for a specific time period ?