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Strategies & Market Trends : BROKERAGE firms that trade stocks in foreign markets -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (8)	4/18/1998 2:59:00 PM
From: Jethro	Respond to of 16

Peter, I really appreciate the Datek tip. I've run into the same problems as you with with U.S. brokers. They'll trade foreign stocks, but (1) they charge very large commissions for low-priced stocks, for example $.01/share in the case of National Discount Brokers, or 4% in the case of Schwab for stocks selling under $1.00/share, which hurts if the share price is, say, $0.10/share; and (2) they all go through market makers in New York. I tried using Merrill Lynch, as they own the biggest of the market makers (Smith Newcourt -- I may have gotten the name wrong), but Merrill costs more than the discounters. I think you need to do something like what I did, find a firm like TISCO in London. If you do, I hope you'll let me know who you end up up using.

To: peter michaelson who wrote (8)	4/18/1998 3:17:00 PM
From: Jethro	Respond to of 16

With respect to Renaud's web page, thaistocks.com, it's been worth every bit of the $300 or so I paid, for 3 reasons- 1. His stock tips are worthwhile -- they've actually performed phenomenally lately. After doing my own research, about 15% of my Thai portfolio consists of his picks. The percentage would be higher, but I hadn't started to look closely at the market until the exporters made their big move, and he's been big in the exporters lately. 2. He's a big help in setting up a brokerage account in Thailand, and was responsible for introducing me to TISCO. 3. If you're a subscriber, he'll answer your questions. He can tell me whether the owners or management of a company that I'm looking at are on the up and up. I do maintain a cash balance with TISCO. It's possible they might allow some time for settlement once you have some trading history with them, but I really don't know the answer to that question.