ISX. My take on the situation.

[Crow]

I know everyone has noticed that stock prices are drifting lower, today's results, same thing, crap. In the near future we will enter a phase where investors are locked into their positions for a period, this makes many investors nervous. The transition to electronic trading scares some Iraqi traders, they ask will the prices fall?, what if something happens during this period and I can't sell? Also notice most of the banks are off trading raising capital before the transition to electronic trading:yes: Myself I like these locked in periods, either your in or not, very exciting, but for some nerve racking, this is a great transition for the ISX, it will never be the same after this. All I have to say is, let's see what happens when everything is electronic, the old guard is worried, because they lose control, such is life.

[Sponson]

Thanks Crow.

:smiley:

[24mm exposed grid]

Good points.

Also, with all of the paid up offers, coming in at the moment, I wonder if there is a chance that many players may have been caught short and would be selling other tradeable stocks in order to finance some of the paid in deals. Chaka touched on this point the other day.

The implications had already occured to me because, I kind of underestimated how much I would need for these deals myself, particularly as there have been a lot in quick succession. I actually did decide against selling other stock off, but I'm sure many others did not choose this path. This scenario could in itself have contributed to a temporary downward shift and with all you mention as well, negative sentiment quickly manifests itself.

I agree with you though, exciting times are ahead, it will be great to see where we are at by Christmas.

[Crow]

Good points.

Also, with all of the paid up offers, coming in at the moment, I wonder if there is a chance that many players may have been caught short and would be selling other tradeable stocks in order to finance some of the paid in deals. Chaka touched on this point the other day.

The implications had already occured to me because, I kind of underestimated how much I would need for these deals myself, particularly as there have been a lot in quick succession. I actually did decide against selling other stock off, but I'm sure many others did not choose this path. This scenario could in itself have contributed to a temporary downward shift and with all you mention as well, negative sentiment quickly manifests itself.

I agree with you though, exciting times are ahead, it will be great to see where we are at by Christmas. Yes, that has been confirmed some selling in other sectors, taking profits and doing paid in bank share deals. I was active today building up my position in Ashur Bank.

[RoyalBeluga]

I guess we just have to wait until mid-July when all companies are electronic and see where we go from there :rock:

[Crow]

I guess we just have to wait until mid-July when all companies are electronic and see where we go from there :rock: Yes, family in July intel indicates a grand event will take place.:giggle:

[Kickabuck]

This looks to be a great opportunity for a person like myself just entering the market, I see great deals everywhere. :nerd: The 3+ week delay from June 18th to July 12th allows me go out to "raise capital" :biggrin:

This little investment gets expensive quick buying blocks of 200K

Warka & MEIB are supposed to trade electronically next session right?

[Kickabuck]

I guess we just have to wait until mid-July when all companies are electronic and see where we go from there :rock:

RB, there are 10 banks that won't trade from when they shut down on June 12th until August 30th thru Octobet 11th...quite a long idle time.

[RoyalBeluga]

RB, there are 10 banks that won't trade from when they shut down on June 12th until August 30th thru Octobet 11th...quite a long idle time.

Waited this long for 'something' I can wait a little longer :nod: Waiting is all we have! :cool:

[lbhot]

Guys the icing is on the cake and it is almost party time, so put your hats on and prepare for the ride it gone to be bumpy because this thing is about to go over the top!

[RoyalBeluga]

Guys the icing is on the cake and it is almost party time, so put your hats on and prepare for the ride it gone to be bumpy because this thing is about to go over the top!

Cool, lets get this party started then :party:

[buck74]

Yes, it could be a bumpy ride my friend. Make sure your seat belt is fastened, and hold on tight. :biggrin::biggrin:

I know everyone has noticed that stock prices are drifting lower, today's results, same thing, crap. In the near future we will enter a phase where investors are locked into their positions for a period, this makes many investors nervous. The transition to electronic trading scares some Iraqi traders, they ask will the prices fall?, what if something happens during this period and I can't sell? Also notice most of the banks are off trading raising capital before the transition to electronic trading:yes: Myself I like these locked in periods, either your in or not, very exciting, but for some nerve racking, this is a great transition for the ISX, it will never be the same after this. All I have to say is, let's see what happens when everything is electronic, the old guard is worried, because they lose control, such is life.

[24mm exposed grid]

Guys the icing is on the cake and it is almost party time, so put your hats on and prepare for the ride it gone to be bumpy because this thing is about to go over the top!

I am still waiting to see what happens with the revisions to the FIL, before cracking open the champers or putting on my party hat !

Although, ET will provide the means for massive liquidity to pour into the ISX, if the proper protection for the big boys money is not in place, they will remain on the sidelines.

As with most things Iraq, decent info on this subject is pretty hard to find. I don't even know what the issue or basic problem is with regard the revisions to the law in its current form.

Anyone ?

[War Eagle]

There goes Crow again,teasing us about a grand event to happen-explain please!!!!!!!!!

[RoyalBeluga]

There goes Crow again,teasing us about a grand event to happen-explain please!!!!!!!!!

Ummmm, grand = 1000 :thinking: a 1000:1 rv would be a grand event of sorts :giggle:

[lglwzrd]

im keeping my eyes on warka-and a good reserve to buy the discounted shares whenever available...

[wherbie]

about 6 months ago...i sold my interest in the Gulf Bank, and the Basarah Bank...because they wernt moving at all....stagnet...the proceeds of which, I put in Warkaa bank,....and dont regret it for a moment....get on the Warkaa train.....its ready to go....you need volumn of sales, to increase the price of any stock.....this electronic shot for Warkaa...should do the trick...I do regret, to say...I have no MEIB stock...one cant have everything i guess.....

.

the 3 hardest things to do are.....replace love for hate......to invite the uninvited, and to say i am sorry......practice this...

[cloaked]

warren buffet loves times like these ... the isx is going to be a dark horse

[Crow]

Things are just getting ready to heat up.:giggle:....:shhh:....did you hear that..a pin dropped!:yelrotflmao:

[Crow]

warren buffet loves times like these ... the isx is going to be a dark horse Very well could be.:wave:

[jaycon62]

I just got my "we've opened your acct, standby for acct #" letter from Mr I. I hope I have time to fund this before they take the break. How long does it usually take to get $ wired and can you get filled the same day? Are the closing dates posted on here somewhere or would one of you smart investors who got on board years ago mind posting them. Sorry for so many questions but I just found this site last month, and have had dinars for 3 or 4 years (damn shame huh!:hi::sweating::time:

[Crow]

I just got my "we've opened your acct, standby for acct #" letter from Mr I. I hope I have time to fund this before they take the break. How long does it usually take to get $ wired and can you get filled the same day? Are the closing dates posted on here somewhere or would one of you smart investors who got on board years ago mind posting them. Sorry for so many questions but I just found this site last month, and have had dinars for 3 or 4 years (damn shame huh!:hi::sweating::time: Don't worry you still have time, it will take awhile for everything to be fully electronic and functioning, plus sanctions must be lifted. Be cool, Pm me when your ready to do your first trade.CROW

[jaycon62]

Thanks Crow!!!
Will do

[lbhot]

Be noted that all companies that are electronic traded you have to submit your request to Warka ISX on Wednesday to catch sunday trading. Hopefully by the end of July we will only have electronic trading.

[4aprofit]

Just a thought...could the ISX prices be falling through manipulation...like the wages, whereby they had the wage-cuts recently, as per being in line with a new more valuable currency revaluation, that may be coming soon?..Just thinking out loud, who knows?

[Sure Thing]

You're right, "who knows", but who can't talk now cause who's on first. :rofl:

[War Eagle]

NO,your order will NOT be filled the same day.You will be very fortunate if it is filled at all!! I have had orders in from early April that have not been filled.some of the companies are off trading,but some are trading regurlarly-but NOT mine.I am terribly upset at Warka's service,and lack of communication.I realize they are very busy,but this is ridiculous. I recommend anyone opening an account to go with Karmal.I would,but they require a passport which I do not have.I have received more information from Karmal about the ISX,than from Warka-and I don't even have an account with them,just out of courtesy. Warka is a good bank,but they have absolutely grown too big,too fast to give good service.Up until about 6 months ago,the service was excellent.In the future they will be good again,but NOT now.I keep emailing Mr. I,and he keeps telling me they are trying to get my stocks bought,and sold.I have been dealing with Warka for almost 3 years,19 banks,and 43 companies-with over 28 million dinars.I am trying desperately to realign my portfolio before everything goes electronic,but I don't think it is possible.So,in the meantime,I will just take my free shares,dividends,paid-up shares,and try to make the best of a good situation.I apologize for my ranting,but it is very frustrating-especially when I read on the forum where a lot of you are getting fairly good service.If I were paranoid (maybe a little) I would think I am on somebody's s--- list!!!!

[Crow]

NO,your order will NOT be filled the same day.You will be very fortunate if it is filled at all!! I have had orders in from early April that have not been filled.some of the companies are off trading,but some are trading regurlarly-but NOT mine.I am terribly upset at Warka's service,and lack of communication.I realize they are very busy,but this is ridiculous. I recommend anyone opening an account to go with Karmal.I would,but they require a passport which I do not have.I have received more information from Karmal about the ISX,than from Warka-and I don't even have an account with them,just out of courtesy. Warka is a good bank,but they have absolutely grown too big,too fast to give good service.Up until about 6 months ago,the service was excellent.In the future they will be good again,but NOT now.I keep emailing Mr. I,and he keeps telling me they are trying to get my stocks bought,and sold.I have been dealing with Warka for almost 3 years,19 banks,and 43 companies-with over 28 million dinars.I am trying desperately to realign my portfolio before everything goes electronic,but I don't think it is possible.So,in the meantime,I will just take my free shares,dividends,paid-up shares,and try to make the best of a good situation.I apologize for my ranting,but it is very frustrating-especially when I read on the forum where a lot of you are getting fairly good service.If I were paranoid (maybe a little) I would think I am on somebody's s--- list!!!! We are going through a transition period, what did you expect? Of course there will be periods where you are locked in and can't trade....War Eagle get a grip.

[calstar]

Keep us motivated Crow!!!!! :wink:

[Crow]

Keep us motivated Crow!!!!! :wink: It's easy, I'm so excited!:yes: People have to understand , this is not a normal market and as such you can't "trade the market" during this transitional stage.

[Crow]

Investment Bank 23% free shares as stated on the ISX web site.:yes:

[War Eagle]

Crow; I just "got a grip"-Thanks

[Crow]

Crow; I just "got a grip"-Thanks :yes: I know it can be frustrating, but all the free shares makes it a little easier.:smiley:

[Seaview]

Investment Bank 23% free shares as stated on the ISX web site.:yes:
....................:happy: :happy: :clapping: :clapping:


As for the rest of this thread. :giggle:

Someone's Party is going to end in tears. :sweating:

[shellie01]

Investment Bank 23% free shares as stated on the ISX web site.:yes:

I don't see it anywhere.....i believe you, i just can't find it. I got the 26% awhile back so this is awesome!

[sunsetjet]

Guess this would not be a good time to mess with you crow, just rem. if the dinar is not worth anything neither are your stocks!!

Hey its my B-day what can I say, I am hoping for the best for all of us....

I asked the question (which came first the chicken or the egg)?

yours stocks are not going to be worth shinola unless the dinar has substance.

JMO

P.S. happy birthday to me!!!

[Crow]

Guess this would not be a good time to mess with you crow, just rem. if the dinar is not worth anything neither are your stocks!!

Hey its my B-day what can I say, I am hoping for the best for all of us....

I asked the question (which came first the chicken or the egg)?

yours stocks are not going to be worth shinola unless the dinar has substance.

JMO

P.S. happy birthday to me!!! Happy Birthday sunsetjet!:party:

[Crow]

And don't forget manual trading will stop on 6/18/09 and all companies will return electronic 7/12/09, so many will be locked in for this period.

[Kickabuck]

Warka's communication is good. They always let me know when they will execute the orders I submit. If they don't fill, I realize that order is dead and I must resubmit a new one...no big deal. If you submit electronic orders by Wednesday, they will make Sundays trade floor...manual submissions take 2 or 3 days notice depending on where the weekend falls.

Also, while all manual trading ends 6/18, not all companies will not trade on 7/12, some will be idle a long tims, the last stock to go electronic is Nov 1st.

[MarkOne]

Guess this would not be a good time to mess with you crow, just rem. if the dinar is not worth anything neither are your stocks!!

Hey its my B-day what can I say, I am hoping for the best for all of us....

I asked the question (which came first the chicken or the egg)?

yours stocks are not going to be worth shinola unless the dinar has substance.

JMO

P.S. happy birthday to me!!!



Good thing the IQD is a Strong Stable Currency!!!

[Seaview]

Guess this would not be a good time to mess with you crow, just rem. if the dinar is not worth anything neither are your stocks!!

Hey its my B-day what can I say, I am hoping for the best for all of us....

I asked the question (which came first the chicken or the egg)?

yours stocks are not going to be worth shinola unless the dinar has substance.

JMO

P.S. happy birthday to me!!!
Happy Birthday :cake: Sunsetjet and keep the good posts coming. :hi: :yes:

Oh - not that I agree with all of them. :giggle:

[jaycon62]

Aren't stock shares worth what someone will pay for them . ie I buy a share for 1 penny, the next day it trades for 100.00. I make 99.99

[MarkOne]

Aren't stock shares worth what someone will pay for them . ie I buy a share for 1 penny, the next day it trades for 100.00. I make 99.99

EXACTLY! Stocks are market-driven, economy-driven, and, of course, driven by a company's worth/profits or perceived worth/profits and any one or any combination of these three can cause a stock price to rise or fall.

Iraq's currency, however, is based on what the CBI decides it will be and that number is currently 1170 - it may stay that number forever or it may change up or down tomorrow at their discretion.

[24mm exposed grid]

Honestly, some people !!

When will they realise that this is a percentage game. The rate of the dinar is just icing on the cake. A stock goes from 1 dinar to 3 dinar in price and you treble your money. It makes no difference if you have $500's worth or $500,000's worth, you TREBLE your money in that scenario.

The dinar staying at what is considered by many on the dinar forum to be "worthless", is totally and utterly besides the point. Any increase is obviously gratefully accepted though. :rock:

Anyway, Happy Birthday Sunsetjet.:beer: Hope someone bought you some glasses so that you can see the whole picture.

[sunsetjet]

Honestly, some people !!

When will they realise that this is a percentage game. The rate of the dinar is just icing on the cake. A stock goes from 1 dinar to 3 dinar in price and you treble your money. It makes no difference if you have $500's worth or $500,000's worth, you TREBLE your money in that scenario.

The dinar staying at what is considered by many on the dinar forum to be "worthless", is totally and utterly besides the point. Any increase is obviously gratefully accepted though. :rock:

Anyway, Happy Birthday Sunsetjet.:beer: Hope someone bought you some glasses so that you can see the whole picture.

thanks for the glasses, gee, now I can see, if it wore not for your b_day present I could not see a thing. small wonder?? what would I do without you?

[24mm exposed grid]

thanks for the glasses, gee, now I can see, if it wore not for your b_day present I could not see a thing. small wonder?? what would I do without you?

20 / 20 now eh ? :yes: