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Where to go when information is hard to find

If you have ever owned shares in a foreign company, or penny stocks for that matter, you probably have a difficult time locating information on the company.   I’ll run you through a few of the steps I take when I see action in a stock I am playing, but I am unable to locate news.

  1. Yahoo Finance (news and message boards)
  2. Google Finance (news and discussion)
  3. AOL Daily Finance App on my iPhone
  4. Wall Street Journal App on my iPhone (overall market and sector news)
  5. Google news search (often turns up articles in the foreign press)
  6. Twitter (twitter search has become a great ‘real time’ news reference for stocks)

With those sources, you are likely to be able to drum up a lot of headlines on an active company (too many, in fact) but with a foreign share, a stock that is thinly traded, or a penny stock, these sources might just turn up a nugget of information that hasn’t yet reached the main stream.

When on the message boards, take the posts for what they are worth.  I am not suggesting that you pay much attention to the ‘opinions’ expressed, what I suggest is that you use these as sources for legit news that hasn’t reached mainstream.  If a poster references an article, but doesn’t provide a link, ask them to provide.  Don’t trust the source until you confirm it in print.

I will try to take the time to go into greater detail with regard to how I use the above sources.  I can provide screen shots and examples if you are interest.  Please comment below and I’ll get to it sooner than later.

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