| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 733.1 | Not my type of Banco | ROYALT::BMORRISON | | Thu Jun 16 1994 11:09 | 12 |
| Hi,
I looked up BLX (NYSE). I think that this is Banco Latinoamericano.
It's now trading at about $34 per share. Nine months ago it
was at $39 per share. Perhaps the broker thinks that its time
to get back in again. I personally would want to follow this for
a while before I would dive in.
I did not investigate the others.
Bill
|
| 733.2 | How do you purchase foreign stock? | UCROW::PEARSON | | Tue Jun 21 1994 14:39 | 3 |
| I've seen China Light & Power recommended in other places as well.
I don't think that there are ADRs for this company. Can you buy
stock listed only on foreign exchanges through a regular broker?
|
| 733.3 | China Light & Power | GLDOA::MARSHALL | | Tue Jun 21 1994 15:00 | 3 |
| I've never tried, but I think you can. One way of finding potential
investments is to look at who/what the top performing mutual funds are
investing in. The Berger funds just added CL&P to their portfolio.
|
| 733.4 | Some brokers are specialists in foreign equities | RECV::TAMER | | Tue Jun 21 1994 17:47 | 7 |
| There are US brokers specializing in foreign equities. i.e., they can
purchase equities directly in foreign markets.
If you're interested, I can dig up some names for you.
Phil
|
| 733.5 | Fidelity can trade China Light & Power | UCROW::PEARSON | | Wed Jun 22 1994 12:46 | 8 |
| I just called my brokerage (Fidelity) and asked. China Light & Power
is on their pink sheets so they can trade it. You just can't do it
through their FOX online system. The current quote is $5.22 bid and
$5.30 asked. The minimum trade is 1000 shares.
I didn't get the answer to whether I could do this with any stock on
the Hong Kong exchange or not, but I suppose if a stock is as heavily
traded as this one it would be.
|
| 733.6 | Beware of Hong Kong financial bubble | ENQUE::TAMER | | Wed Jun 22 1994 13:21 | 2 |
| A warning though. The Hang Seng index is quite vulnerable at this time.
It's been very volatile this year.
|
| 733.7 | The DJI has been on a roller coaster ride itself. | UCROW::PEARSON | | Tue Jun 28 1994 19:41 | 3 |
| RE .6
It's been very exciting on the US exchanges also.
|
| 733.8 | HANG SENG is down ~30% | RECV::TAMER | | Wed Jun 29 1994 14:38 | 3 |
| re .7
While the Dow Jones is down 9% from peak, Hong Kong is down ~30%.
|
| 733.9 | Ah, but DJUA traditionally leads DJIA | VMSDEV::HALLYB | Fish have no concept of fire | Wed Jun 29 1994 15:12 | 7 |
| > While the Dow Jones is down 9% from peak, Hong Kong is down ~30%.
The Dow Jones Utilities, on the other hand, were down 31% from their peak.
Kinda tells me the Dow Jones Industrials have more to go on the downside,
once we get past the seasonal strength of early July.
John
|
| 733.10 | Agree with .9 | ENQUE::TAMER | | Wed Jun 29 1994 16:20 | 5 |
| Agree John.
But if the DJIA goes down by 30% (from peak), Hong Kong could fall
another 30%.
|