Samsung is traded only on the so-called 'pink sheets' in the US, i.e., it's not a regular ADR. The bid-ask spreads on those are way too high, and the trading is extremely thin. You want to stay away form those as a retail investor.
It's not surprising that Samsung doesn't want to do a full ADR listing in the US -- it is consistent with their generally not wanting to provide too much information about themselves (their investor relations people never respond to emails either).
Most online brokerage companies have access to the London Stock Exchange which is one of the three exchanges Samsung is traded on, so it's pretty easy to buy common stock, SMSN. I know eTrade has it for you American couch traders. UBS, the bank I work for trades Samsung in Luxembourg where it is offered as a prefered stock. I had 100 shares of Samsung for a long while, I bought it at 1,240 and sold it recently for 1,360, made a profit of 12,000. Not too shabby but I think I'm going to put in a short sale, it closed today at 1400 but I think it's going down next week. Just speculation, nothing more, I normally just trade the FTSE 100 in London and the DAX Index on Eurex in Germany but I dabble a little with tech stocks. One the greatest advantages of working in a financial firm is I have access to real time ticket data, exchange trading and clearing clients and of course a Bloomberg terminal. Nothing wrong in sneaking in a trade or two at work during lunch or the many so called smoking breaks. The people in the smoke room are starting to get suspicious though as I just step in for a sec to ask them to blow smoke on me, gotta keep up appearances.
Samsung doesn't report sales, they report shipments. It's the simplest and most reasonable explanation why JPMorgan suddenly knows that after a supposedly fast start, next quarters S4 numbers are going down.
Samsung is their own enemy right now, not Apple. They over produced, over market, and rolled out too many tricks and gimmicks. You watch the Sammy commercials they intentionally and smugly targeted Apple users which will attract Apple haters but people who are on the fence may not like attack ads.
People I know who got the S3 will most likely not upgrade for the next 2 years since the S4 is same physical size just different bits and pieces inside.
Looks like the Karma button is being pressed by someone.
Crap plastic phone with crap, clunky 'me too' OS.
Chav' phone.
I hope Wallstreet punish them for not meeting targets and cutting 'shipping' unit projections.
Let's see Samsung 'innovate' their way out of this one.
Seem to have been very quiet the last half year or so. S'funny, without Apple releasing product for them to copy or jump on.
S4. Or 'Same4'...
...ah yes...and we need loads of 'Analysts' shouting that Samesung is 'doomed...' and make up articles of untruth about them...yeah...lots of scaremongering washed down with a tankard of stock manipulation...
Samsung doesn't report sales, they report shipments. It's the simplest and most reasonable explanation why JPMorgan suddenly knows that after a supposedly fast start, next quarters S4 numbers are going down.
No room left on the shelves.
Everyone reports shipments, including Apple.
The difference, however, is that Apple also provides channel inventory data (so that we can infer actual sales), and relatedly, provides data on numbers sold. Samsung hides both those numbers. I am guessing they do that because they like their hyped-up market share estimates (put out by consulting firms that don't know the first thing about data analysis), and the ASP on their 'smart'phones is embarrassing.
Comments
So Apple thinks it invented investor panic? Typical iSheep fanboy argument. /s
The financial sector invented it. Apple improved upon it. How many other companies can drop 300 points and still survive with record earnings?!
Quote:
Originally Posted by jungmark
The financial sector invented it. Apple improved upon it.
Like everything else Apple does - improves upon inventions!
Most online brokerage companies have access to the London Stock Exchange which is one of the three exchanges Samsung is traded on, so it's pretty easy to buy common stock, SMSN. I know eTrade has it for you American couch traders. UBS, the bank I work for trades Samsung in Luxembourg where it is offered as a prefered stock. I had 100 shares of Samsung for a long while, I bought it at 1,240 and sold it recently for 1,360, made a profit of 12,000. Not too shabby but I think I'm going to put in a short sale, it closed today at 1400 but I think it's going down next week. Just speculation, nothing more, I normally just trade the FTSE 100 in London and the DAX Index on Eurex in Germany but I dabble a little with tech stocks. One the greatest advantages of working in a financial firm is I have access to real time ticket data, exchange trading and clearing clients and of course a Bloomberg terminal. Nothing wrong in sneaking in a trade or two at work during lunch or the many so called smoking breaks. The people in the smoke room are starting to get suspicious though as I just step in for a sec to ask them to blow smoke on me, gotta keep up appearances.
Samsung doesn't report sales, they report shipments. It's the simplest and most reasonable explanation why JPMorgan suddenly knows that after a supposedly fast start, next quarters S4 numbers are going down.
No room left on the shelves.
Originally Posted by hentaiboy
I believe you have the wrong Nationality
For the life of me, I couldn't come up with a Korean-sounding surname off the top of my head. Chinese, yes, Japanese, certainly, but not Korean…
OS X's dictionary tells me my choice is of Philippine origin… well, at least it was the right half of the continent…
Customers are realizing that the S4 is not such a big deal
and Samsung will not be able to copy Apple's next iPhone before it is out.
Quote:
Originally Posted by Tallest Skil
I know, but I'd think a single m would make sense. How many Ms in 'million', after all…
MM= not exactly correct Roman numerals for 1 thousand thousands = 1 million?
That's racist?
Originally Posted by rasimo
MM= not exactly correct Roman numerals for 1 thousand thousands = 1 million?
Ah… I'm cool with that. Still not sure why the modern world wants to use them, but that's a decent explanation.
Originally Posted by diplication
Park?
*smacks forehead with base of palm* Park! That'd do it.
Originally Posted by jungmark
That's racist?
Is it? I don't think it's racist to confuse McCormick as being an originally Irish surname, for example, where Cosgrave is.
Oh dear. :P
Looks like the Karma button is being pressed by someone.
Crap plastic phone with crap, clunky 'me too' OS.
Chav' phone.
I hope Wallstreet punish them for not meeting targets and cutting 'shipping' unit projections.
Let's see Samsung 'innovate' their way out of this one.
Seem to have been very quiet the last half year or so. S'funny, without Apple releasing product for them to copy or jump on.
S4. Or 'Same4'...
...ah yes...and we need loads of 'Analysts' shouting that Samesung is 'doomed...' and make up articles of untruth about them...yeah...lots of scaremongering washed down with a tankard of stock manipulation...
Lemon Bon Bon.
No. Didn't think so. Didn't think Samsung could take the lead.
Lemon Bon Bon.
Could you use "it is" instead of "it's"?
Everyone reports shipments, including Apple.
The difference, however, is that Apple also provides channel inventory data (so that we can infer actual sales), and relatedly, provides data on numbers sold. Samsung hides both those numbers. I am guessing they do that because they like their hyped-up market share estimates (put out by consulting firms that don't know the first thing about data analysis), and the ASP on their 'smart'phones is embarrassing.