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.
- Yahoo Finance (news and message boards)
- Google Finance (news and discussion)
- AOL Daily Finance App on my iPhone
- Wall Street Journal App on my iPhone (overall market and sector news)
- Google news search (often turns up articles in the foreign press)
- 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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