Warka frustration

[Kickabuck]

Al-Mansour Pharmacuticals traded on Thursday June 16th at $1.45. I sent in a buy order to be submitted June 21st and received the following from Warka :

Please note that as the companies listed in your stock picks are not trading your buy order can not be executed.

Is anyone even submitting buy orders on the newly listed companies? I do not understand why they will not post the buy order with my bid price. Some broker executed an order on Al-Mansour Pharmacuticals, I sure wish I knew who it was.

[War Eagle]

I entered an order for 10 companies I thought were trading.Mr. I emailed me only 1 was trading.It's VERY confusing as to what is going on in the stock market.

[RoyalBeluga]

If the companies are listed as 'not trading' surely this gives you a clue that maybe you can't buy shares yet? I'm going to put an order in for more Warka stock because .... yes you guessed it ..... they're trading as apposed to 'not trading' :yes:

[War Eagle]

Yes,RB,but what if they are listed as trading electronically,but still not trading.For instance,Mansour Pharmacuticals was one of the shares on my list-Mr.I said it wasn't trading,and guess what!!-it traded-go figure!!!!!

[RoyalBeluga]

Yes,RB,but what if they are listed as trading electronically,but still not trading.For instance,Mansour Pharmacuticals was one of the shares on my list-Mr.I said it wasn't trading,and guess what!!-it traded-go figure!!!!!

According to this link:

http://www.isx-iq.net/page/english/bulletins/Electronic/day/2009/7/21-7-2009-e.htm

Mansour Pharmacuticals are not trading, go figure :giggle:

Baghdad Soft Drinks are trading though, I knew I did good buying that stock! :rock: burrp, oops sorry :giggle:

[Wealthy Future]

According to this link:

http://www.isx-iq.net/page/english/bulletins/Electronic/day/2009/7/21-7-2009-e.htm

Mansour Pharmacuticals are not trading, go figure :giggle:

Baghdad Soft Drinks are trading though, I knew I did good buying that stock! :rock: burrp, oops sorry :giggle:

Got Pepsi?

[RoyalBeluga]

Got Pepsi?

Yes, I have 1 or 2 shares :rock:

[RoyalBeluga]

Got Pepsi?

Yes, just 1 or 2. I assume you mean Baghdad Soft Drinks? Time to buy more now that 'its trading again' :evilgrin:

[Wealthy Future]

Yes, just 1 or 2. I assume you mean Baghdad Soft Drinks? Time to buy more now that 'its trading again' :evilgrin:
Yes, buy, buy, buy :nerd: :dance:

[RoyalBeluga]

Yes, buy, buy, buy :nerd: :dance:

A good one to buy? What kind of price is this company expected to rise to?

[Kickabuck]

If the companies are listed as 'not trading' surely this gives you a clue that maybe you can't buy shares yet?

Maybe you missed the part where it already traded electronically on Thursday June 16th. The bid/offer price rignt now is 1.45/1.50. If I submit a bid for $1.55, Warka should submit my buy order, not REJECT it! :headbang:

[Mucho_Dinaro]

What is happening with the ISX? Something odd about most of the banks not trading for so long. Where is the information? They should at least give investors a heads up as to return to trade dates. Lots of room on the ISX website. And we're all wondering why foreigners aren't jumping in with both feet.

[Crow]

What is happening with the ISX? Something odd about most of the banks not trading for so long. Where is the information? They should at least give investors a heads up as to return to trade dates. Lots of room on the ISX website. And we're all wondering why foreigners aren't jumping in with both feet. Patience..........:smoke:

[RoyalBeluga]

Patience..........:smoke:

........... is a virtue :nerd:

[Screaming Eagle]

I entered an order for 10 companies I thought were trading.Mr. I emailed me only 1 was trading.It's VERY confusing as to what is going on in the stock market.

There are many who wish to buy and are putting in orders to buy, however the stock cannot trade unless someone is willing to sell the same stock. The fact that they are not selling means that the stockholders of these stocks think they are going up in value and are under priced. As these companys are expected to grow and increase in value quickly their stock may remain scarce for quite sometime as few might want to sell.

As Crow and Chaka would say Woulda, shoulda, coulda done it a long time ago.

[mike032588]

Maybe you missed the part where it already traded electronically on Thursday June 16th. The bid/offer price rignt now is 1.45/1.50. If I submit a bid for $1.55, Warka should submit my buy order, not REJECT it! :headbang:

relax buddyyy things are a little crazy right now... they are moving over to a whole new system. Warka might have put it in and it didnt go through. Just resubmit and wait for a response... i can tell my orders went through by simply checking my online account balance...

[calstar]

Thanks Mike. A lot things are going on at Warka at this time. Filling many orders and training more people. Hang in there. :yes:

[cloaked]

There are many who wish to buy and are putting in orders to buy, however the stock cannot trade unless someone is willing to sell the same stock. The fact that they are not selling means that the stockholders of these stocks think they are going up in value and are under priced. As these companys are expected to grow and increase in value quickly their stock may remain scarce for quite sometime as few might want to sell.

As Crow and Chaka would say Woulda, shoulda, coulda done it a long time ago.


This is exactly right. This investment is a buy, sit and wait thing. So, those who got in in the beginning are in and not going to sell except some here and there. It's just going to get more difficult to buy into some of the prime stocks.

Also, in regards to not hearing back quickly regarding orders of paid up shares and so on, Mr. I explained to me that they are at the mercy of the companies to issue the stock certificates and send them (Warka) the receipts so that they (Warka) can deduct the buy orders from individuals accounts. Warka is on the ball and as cal said, they are busy training and developing - now the companies? That's another matter. I can't explain that one. :giggle:

[cloaked]

Yes, just 1 or 2. I assume you mean Baghdad Soft Drinks? Time to buy more now that 'its trading again' :evilgrin:

BUY BUY BUY. I wonder if they will ever be trading sushi? None of us would have a chance cuz you'd buy it all! :giggle:

[RoyalBeluga]

BUY BUY BUY. I wonder if they will ever be trading sushi? None of us would have a chance cuz you'd buy it all! :giggle:

What an amazing business opportunity for someone: BAGHDAD SUSHI :tongueout:

[cloaked]

What an amazing business opportunity for someone: BAGHDAD SUSHI :tongueout:


i KNEW you'd like that! maybe eastern brewery can import saki! :giggle:
btw, i love sushi too - just the COOKED kind :party: WASABI! :giggle:

[Kickabuck]

The fact that they are not selling means that the stockholders of these stocks think they are going up in value and are under priced. As these companys are expected to grow and increase in value quickly their stock may remain scarce for quite sometime as few might want to sell.

I respect your input, but thinking dinar, oops I mean stock, is drying up is crazy! Look at the not trading list, people are offering to sell Al-Mansour Pharmaceuticals for $1.50. My point is that Warka will not accept my buy offer saying "submit another order with companies that are trading." I believe the real problem is that there is confision and I can accept that...I'll resubmit when it trades again, and that will be when another broker (not Warka) plays the role of a market maker.

[Crow]

I respect your input, but thinking dinar, oops I mean stock, is drying up is crazy! Look at the not trading list, people are offering to sell Al-Mansour Pharmaceuticals for $1.50. My point is that Warka will not accept my buy offer saying "submit another order with companies that are trading." I believe the real problem is that there is confision and I can accept that...I'll resubmit when it trades again, and that will be when another broker (not Warka) plays the role of a market maker. I went over this with investors today. The ISX will be geared toward #1 Iraqi investors large and small #2 Large foreign investors, funds, institutional etc. Notice what is missing?

[Kickabuck]

I went over this with investors today. The ISX will be geared toward #1 Iraqi investors large and small #2 Large foreign investors, funds, institutional etc. Notice what is missing?

That's why I'm trying to find out who brokered the Baghdad Soft Drinks
deal to a non-Iraqi...someone wants to make a commission off my buy orders. Notice the daily analysis detail changed, it now doesn't say which brokers closed the non-Iraqi deals.

[Crow]

That's why I'm trying to find out who brokered the Baghdad Soft Drinks
deal to a non-Iraqi...someone wants to make a commission off my buy orders. Notice the daily analysis detail changed, it now doesn't say which brokers closed the non-Iraqi deals. This "period" is very messed up, but exciting, very hard to trade, just have to wait and see.

[Crow]

There are many who wish to buy and are putting in orders to buy, however the stock cannot trade unless someone is willing to sell the same stock. The fact that they are not selling means that the stockholders of these stocks think they are going up in value and are under priced. As these companys are expected to grow and increase in value quickly their stock may remain scarce for quite sometime as few might want to sell.

As Crow and Chaka would say Woulda, shoulda, coulda done it a long time ago. Back a couple years ago when nobody cared a rats butt about this market, that was the time to buy. Also when all the paid in /free shares deals came out, I kept saying do it, do it! There was a reason for those deals and free shares.:nerd:

[shardima]

Back a couple years ago when nobody gave a rats butt about this market, that was the time to buy. Also when all the free shares deals came out, I kept saying do it, do it! There was a reason for those deals and free shares.:nerd:

thats right crow and thats why those that think after rv they can buy in at low prices are wrong! very wrong!:rock:

[calstar]

Back a couple years ago when nobody cared a rats butt about this market, that was the time to buy. Also when all the paid in /free shares deals came out, I kept saying do it, do it! There was a reason for those deals and free shares.:nerd:



Right on Crow!!!!!:yes:

[Kickabuck]

Back a couple years ago when nobody cared a rats butt about this market, that was the time to buy. Also when all the paid in /free shares deals came out, I kept saying do it, do it! There was a reason for those deals and free shares.:nerd:

Don't pat yourselves on the back too hard, many investors in this market are still in the red from purchases made several years ago. I believe the people who have seen 1, maybe 2 cycles of free/paid up shares are a lot better off now than those who invested on early 2006. Check the banks like Bank of Baghdad, Credit Bank, Commercial, Dar Al-Salam, Economy, and many others, the numbers don't lie. Sure you can throw Warka out and show a gain, but that isn't the norm.

New investors are still getting into positions that are a lot better than prices in 2006 counting free/paid up shares. Plus, investors can't squeek in with a 10,000 share order, the 200K minimums raise the playing field.

[Crow]

Don't pat yourselves on the back too hard, many investors in this market are still in the red from purchases made several years ago. I believe the people who have seen 1, maybe 2 cycles of free/paid up shares are a lot better off now than those who invested on early 2006. Check the banks like Bank of Baghdad, Credit Bank, Commercial, Dar Al-Salam, Economy, and many others, the numbers don't lie. Sure you can throw Warka out and show a gain, but that isn't the norm.

New investors are still getting into positions that are a lot better than prices in 2006 counting free/paid up shares. Plus, investors can't squeek in with a 10,000 share order, the 200K minimums raise the playing field. There are not many foreign investors in this market at this time, so just being in is very good. The very few who got in real early yes, they're early positions are down but I'm sure they had enough sense to build up positions during the poor security period, when prices were lowest.

[RoyalBeluga]

Waiting patiently Crow, for the ISX to make me rich. Keeping it simple, not over-thinking things. :yes: