A cpl things for you to consider
: your new investment has beaucoup shrs outstanding...just a shade under 10 BILLION shares, so it will take a heck of a lot to make this stock move higher than your initial acquisition price plus commission's cost. I'm not saying this is "bad" just a fact of investing in this particular stock. However, if one is comparing apples and oranges, i.e., a movement in a multi-MILLION share outstanding stock, vs anticipating a movement in a multi-BILLION share outstanding share stock, an investor needs to keep this indisputable fact in mind to keep his/her emotions disciplined.
: yes, CURRENTLY, news sourcing is limited on foreign stocks, and the internet is your best hope (ala Mary's efforts this past few days in particular.) However, there is one piece of information about your new investment that even the internet is going to be more valuable in gathering/interpreting, and that is this:
Foreign companies play by a different set of accounting standards, a different set of reporting frequencies, a different set of oversight/accoutability to a quasi-government agency the equivalent of our SEC.
Now, I'll grant you the SEC does a pi&& poor job of enforcing and leveling the investment playing field here in America,
---where big money always greases the wheels,
---where corporate Chief Financial Officers dictate what the expected earnings per share report "needs to be" to the lowly acc'tg departments before they are actually calculated and released,
---where they then incestuously "guide" anywhere from a handful to a bevy of analysts higher or lower, etc.
Compared to foreign "standards" etc., our corrupt "oversight/analysts/CFO" shennigans look like a walk in the regulatory park.
The only way the internet can help with this is if the Zen Warriors and Mark whozits CPA types who really enjoy "digesting" the foreign financial reporting fine print will occasionally stop by here and illuminate us, which we have a good chance of seeing, either here or most likely on RB first.
Hope this helps you sleep better with your investment, that is if you have mastered sleeping w/your eyes open.<g>
Good Luck! |
