Stock Markets Exposed
Sell your USA based stock shares in a foreign market?
Does someone know if this will work? You own USA based(NYSE, NASDAQ,etc.) stock shares-for whatever length of time. Check out the FOREIGN stock exchange markets overnight. Make a sell decision, for your stocks, based on which exchanges are going which way, and tell your broker to SELL YOUR USA BASED STOCK SHARES IN ONE OF THOSE FOREIGN MARKETS? I saw a posting on Yahoo Answers suggesting this could be done. But i always thought that a stock share was always registered WITHIN the country of it's origin-no matter what country. The reason for this idea is to deflect losses and make profits.
Public Comments
- Each stock market in each country has his own rules. check with your broker. good luck.
- There needs to be a foreign listing for the stock you want to sell and then still it totally depend on the stock you are talking about. In some occasions it is possible to convert stock and sell them on a different exchange. Investors can actively trade on it. A good example is Nokia. A lot of short term investors are looking at a discrepancy between the European line and the US listed ADR version. Keep in mind that conversion can be restricted per country/market and if it is possible, there will be costs involved. (to give you some idea, I work at a big asset manager and we pay 5 cts per share for the conversion)
