Hi Mike,Let me see if I can help a bit. The Pink Sheets are an over the counter securities market. There is alot of bad stuff here (scams, companies in bankruptcy, etc.), but also some good in the form of ADRs and Foreign Shares. Alot of companies simply don't want to comply with Sarbanes-Oxley and some of its onerous requirements, but have great businesses and provide disclosure in English (some only in their local language, but they provide disclosure). The pink sheets give U.S. investors a way to invest in some of these companies without having to convert our dollars to foreign currency and pay higher transaction costs to trade on foreign exchanges. A link to the pink sheets site is here:http://www.pinksheets.com/about/index.jspTo invest in international stocks not available on the pink sheets requires trading on the local markets themselves. This might sound a bit daunting, but it's getting easier. Interactive Brokers allows this and E*Trade will soon in six markets. I expect the trend will continue in this direction, particularly with exchanges merging and forming alliances.If anyone noticed something I missed please chime in!Best,Nate
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