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Non-Tech : 24 hour trading / trading intn'l stocks around the globe

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To: jeer who wrote (1)12/30/1998 9:30:00 PM
From: QuietWon  Read Replies (1) of 6
 
A few tips:

1. if a foreign based co, make sure it's recognized name - good liquidity/marketability ie don't do a BB/Cdn OTC co unless you have some inside info on your side

2. look for an equivalence in the shares on the two (or more) exchanges trading on

3. gets real interesting if stock has options - best option market is CBOE

4. forum s/b for strategies, too. Long/short.

5. Advs over instinet incl:
a. potentially greater marketability
b. you can "see" where the market lies
c. can trade smaller blocks
d. can make gain on currency
e. arb gains possible

6. Disadv
a. managing currency risk
b. if holding pos'n need to make a call on the currencies involved

7. you can do some of what institutions have done. Can't do what one Wall St. firm did/does - they have/had proprietary way of risk free scalping of tiny misalignments in currencies, but they have big $

I did some position trades (hold for up to 6 months) a few years back thru an experienced trader. Made gains on currency which boosted return.
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