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Author: cordob Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 634  
Subject: Re: lIST OF EUROPEAN STOCK IN USA Date: 5/5/2000 8:04 AM
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Bonjour FrenchorFoe,

Thanks for the ADS's, see what we can weed from that. I have made some posts to the new "Holland" investment board about the Dutch companies, which may interest you. Just go over and have a look.

OTC means "over the counter" and BB "bulletin board"; these are stocks iun which a liquid market does not exist and many are penny stocks. Often they are sold by "boiler room" operators, who call and convince the people this is the greatest idea ever. You then find enormous spreads between bid and ask. I fell for it about 15 years ago and bought shares of a company making a device to start your car while still inside (great when it is snowing, you wait till the car is warm). Bought them at 5 ct/share for a few thousand dollars. Then found the spread was buy 2 ct, sell 9 ct. They quote 6 ct and say this is going well for you. The it drops a bit and I get suspicious. So I call them and say sell the, They say but the bid is only 1 ct (one fifth of what I paid) and if you buy some more at 3 ct (they probably bought them beforehand for 1 ct anyway and have them in stock) you average down your investment. I got out anyway and the firm disappeared later.

I am not saying there may not be basement bargains there but the risks are too great for me and there is enough to choose from in normal stocks (even some nasdaq stocks are not all that normal)

Anyway visit us at the Holland board and I will be back here.
Cor
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