Biotech Values

[DewDiligence]

Re: Trading foreign stocks on the Pink Sheets

I suggest the best way is to manually do the conversion in price to US dollars and then USE A LIMIT ORDER!

I’ve bought and sold foreign companies on the US Pink Sheets (including NVS pre-2000) several times without any undue problems. Using a limit order is a must and one should also:

• Trade after the market closes for the day on the company’s home exchange. (For European companies, this means anytime in the afternoon NY time.) By waiting until the home market closes for the day, your trade incurs less risk for the MM, and hence the bid-ask spread will generally be narrower.

• Allow a small profit for the MM to ensure execution.

If anyone finds that this doesn’t work, please let me know!