Scott Gonzales
05-09-2009, 09:03 PM
Several of my friends have started investing in the ISX. They all ask, what companies should I invest in? So, for those of you who are newbies to the ISX, here is the answer I give.
The answer to this question is a personal one. Yet the process I would go through is as follows:
First, ask the question here in the InvestorsIraq forum. Many members follow the ISX very closely and may have up to date info relative to companies that have given dividends in the past and are ready to go off trading for their annual meeting to consider dividends and splits.
Second, take a look at the ISX site and make sure the company you want to invest in is currently trading. Check the daily bulletin. You may also want to check the "daily analysis" page and click the "Companies News" tab at the bottom. This page will let you know which companies are getting ready to stop trading for their yearly meeting. It also mentions if the company is considering dividends (although, sometimes the info is not accurate).
Third, take a look at the price / volume graphs on www.IraqStockX.com (http://www.iraqstockx.com/) (link at the top of the page) and set the date range to the entire date spectrum. This way you can see which companies have staying power. Some companies traded for a while then stopped; others have been trading consistently outside of their yearly general meeting. These are the companies I set as a baseline to choose from.
Fourth, look closely at the price / volume graphs on www.IraqStockX.com (http://www.iraqstockx.com/). Some companies are trading hundreds of thousands of dollars while others are trading only a couple of thousand dollars (remember, the data is in Dinars so you can basically divide the Dinar value by 1000 to get Dollars since the exchange ratio is close to 1:1000). Again, relative to staying power, companies that trade a large volume are more likely to stay around compared to companies that have low volume (smaller interest).
Fifth, take a look at the Splits / Dividends tool at www.IraqStockX.com . I like companies that give splits and dividends. Not only does this show staying power, but they are making money and growing.
If anyone is interested, I asked the administrator of this site if it is OK to post this topic and received approval. I don't want people to think I am trying to spam the forum to get people to my site. I just have some information that is not available in many other placed. InvestorsIraq remains the best place on the net to learn about investing in the ISX.
The answer to this question is a personal one. Yet the process I would go through is as follows:
First, ask the question here in the InvestorsIraq forum. Many members follow the ISX very closely and may have up to date info relative to companies that have given dividends in the past and are ready to go off trading for their annual meeting to consider dividends and splits.
Second, take a look at the ISX site and make sure the company you want to invest in is currently trading. Check the daily bulletin. You may also want to check the "daily analysis" page and click the "Companies News" tab at the bottom. This page will let you know which companies are getting ready to stop trading for their yearly meeting. It also mentions if the company is considering dividends (although, sometimes the info is not accurate).
Third, take a look at the price / volume graphs on www.IraqStockX.com (http://www.iraqstockx.com/) (link at the top of the page) and set the date range to the entire date spectrum. This way you can see which companies have staying power. Some companies traded for a while then stopped; others have been trading consistently outside of their yearly general meeting. These are the companies I set as a baseline to choose from.
Fourth, look closely at the price / volume graphs on www.IraqStockX.com (http://www.iraqstockx.com/). Some companies are trading hundreds of thousands of dollars while others are trading only a couple of thousand dollars (remember, the data is in Dinars so you can basically divide the Dinar value by 1000 to get Dollars since the exchange ratio is close to 1:1000). Again, relative to staying power, companies that trade a large volume are more likely to stay around compared to companies that have low volume (smaller interest).
Fifth, take a look at the Splits / Dividends tool at www.IraqStockX.com . I like companies that give splits and dividends. Not only does this show staying power, but they are making money and growing.
If anyone is interested, I asked the administrator of this site if it is OK to post this topic and received approval. I don't want people to think I am trying to spam the forum to get people to my site. I just have some information that is not available in many other placed. InvestorsIraq remains the best place on the net to learn about investing in the ISX.