Al_Dente wrote:If u use SID for long/short, overlay EWZ
There's something you may have missed. The last time I wanted an ADR (ITUB), they warned the bank's gonna charge a fee. I dunno what the fee is.
Some of them are good like BIDU but many of them from the date of inception to go to OT/pink sheet is not too long. There are people who made Gillion $$$ on them, buy them right time and sold them right timing. I would be very cautious with stocks with ADR on it unless you are a professional trader and know what you are doing. This does not mean that X or STLD won't go bankrupt. There is nothing guaranteed in this market expect taxation or death.
Last edited by Tabby on Tue May 29, 2012 2:01 pm, edited 1 time in total.
Petsamo ADR fee is couple of bucks.
My favorite ADR of all time is BIDU
Just not at the moment
ADRs at the very least have satisfied the (cough) stringent listing requirements of the American exchanges, and they at least have to report quarterly numbers.
(The fraud ratio is much better than going to the host exchange and buying some cockamamie opaque int'l stock…. and that’s IF the host exchange will
let you in…they don’t…and this from Al who is afraid of his own shadow...)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Cobra wrote:you don't want to see price consolidating here, no good for bulls.
Cobra: What is the status of $DAX -- is it still hanging out below the neckline .............. or did it break thru today?
DAX is still below 6400 (barely) but I noticied u did not post your usual morning chart (of DAX and neckline)?
"We got a runaway train boy, we got a billion Eddie Barzoons all jogging into the future. Every one of 'em getting ready to fist-#### God's ex-planet, lick their fingers clean as they reach out toward their pristine, cybernetic keyboards to tote up their f##ing billable hours. And then it hits home!"
1 - from china highly probable hard landing to Chinese government being able to ease policy and avoid a severe slowdown.
2 - From greece going bust and spanish banks go under to an accomodative monetary policy, a mega bail-out.
3 - And the most important : differently from 2008, hedge-funds and banks are not ultra-leveraged 20x , so its harder to see a forced asset sell-off, margin call driven , asset crash scenario like october-2008.
I think if the worst is not priced in, its close.
Folks have to understand that liquidity drives prices, and the expectation is that tons of money will be thrown at the problems, that may very well keep us (artificially ??) from going much lower.
I'm expecting a strong move either tomorrow (less likely) or Thursday (more likely). I have a slight bullish bias, but I don't have a position, don't see odds which would make a trade worthwhile. I'm waiting patiently, no, I'm trying to wait patiently...