Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Boucher again ...
Date: Sat, 12 Jan 2002 23:46:44 -0500
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Hi Andreas, I have traded a number of foreign companies, but only if they trade on US exchanges. Mostly they were European or Israeli. But I generally avoid a foreign company because of the added risks. Unless they conform to the US standards of GAAP (Generally Accepted Accounting Principles), and provide quarterly financial statements, the availability of actual financial performance is diminished, and requires greater due diligence. Also, the risk of foreign exchange changes is introduced. I have avoided Canadian companies because I have seen too many scams get past their regulators (t= he level of regulation is poor, and enforcement worse, IMO). Some Canadian exchanges are better at policing the companies listed there, but why take the added risk? My style of investing means that I want to know a lot more than just deta= ils of a particular company, for example, the state of the economy and the regional politics, just for starters. Doing this for other countries besi= des my own would add to my workload and time invested. And when I can find excellent investment vehicles right here, giving me superior returns, why take the extra risk or time? By the way, for my European perspective and quotes, I use the free servic= es of comdirect.de. For translation purposes, I cut and paste the German int= o Google's translator. Works well enough that I can get the sense of any story. I also use the global indexes screen at Yahoo every day so I can s= ee what has been / is happening in the various regional exchanges, as well a= s global news (in English, so I don't have to translate). Gru=DF, Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: "Andreas Himmelreich" <judgejimmy@web.de> To: <canslim@lists.xmission.com> Sent: Saturday, January 12, 2002 3:23 PM Subject: [CANSLIM] Boucher again ... > Boucher again: Who of you trades internationaly? I do belive that this = is > not really afordable by a private investor below the 2 - 3 Million wa= ll. > It would mean to search, find and pay databases like Vector Vest or D= G for > international markets. > > I even can not find affordable databases for germany (that, better la= ws for > investor protection and more > growth firms, better commision rates let me do the trading a 100% in the > US, I might buy a european stock, but then > I its traded as an ADR). > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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