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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: danofthebes who wrote (79356)	12/16/1999 3:06:00 PM
From: Tim Luke	Respond to of 90042

thread: i really appreciate all the help being put out here..this has to be one of the cleanest threads on the internet

To: danofthebes who wrote (79356)	12/16/1999 3:23:00 PM
From: AUrush	Read Replies (1) \| Respond to of 90042

To the thread RE: ADR's and Marconi: Yes banks sponsor an ADR to make it easier to buy foreign stocks with US dollars. Once an ADR is listed on a US exchange (NYSE or NAZ) then it even gets easier and you will get quotes - many are confused about the Marconi ADR (ie not getting quotes, volume etc.) thats because it currently DOES NOT list on an exchange - so whatever broker you use you need to get hold of their global trading desk and place the trade that way. You can track an FTSE stock by simply calculting the foreign exchange ratio - so it is quoted today at 974 pence (on volume of 29 Million shares today!!!), so divide the pence by the exchange ratio (today it is one dollar = .62 pounds or 62 pence) so 974 pence divided by 62 yields $15.70. Therefore, a WEAKER dollar versus the pound is GOOD for holding the stock (ADR) and vice versa, so yes you do need to consider currency fluctuations. BUT the great thing about MCONY is that they have said it WILL list on a US exchange sometime in 2000 - so that will mean more exposure to the US market, anaylsts etc etc and SHOULD result in a pretty strong upward movement. As oyu can see, it is HEAVILY traded in London - but the interest will explode when the US market can easily buy and trade "The next Lucent"....I am looking for a 200-300% return on my current MCONY holdings by summertime...all IMHO of course!!