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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: PhilC who wrote (81027)	12/21/1999 8:44:00 AM
From: PhilC	Read Replies (2) \| Respond to of 90042

One of the questions asked last night was why are MCONY shares trading on such low volumes at such a low price. ADRs such as MCONY represent multiples of the underlying equity shares on the home exchange, which in Marconi's case is the FTSE:MNI. To get a true read on the volume and price activity, you need to look at that exchange. I don't have the Financial Times or FTSE links handy, but I know they've been posted before. ADRs are deceptive unless you know their construction, but in this case the ADR is a great way to get in before full recognition sets in and (of course) before Marconi lists on an exchange near us! Phil