The ISX Squeeeeze

[Sniper Six]

In preparation for the "Big Boys" who me:rock:,, putting a strong hold on the market, the rules have changed. Make sure you read all emergency instructions prior to riding this machine. Put your arms in, lean back and enjoy yourselves!!!! It will be one heck of a ride. IMHO

What's next? raising the minimum amount of currency in your bank account!@#$%^&:thinking:

Sniper:giggle:

Our brokerage office in accordance with standard procedures followed by all Iraqi brokerage firms sets a higher price margin when submitting a order in the event the share price increases i.e. if the last share trading price was IQD 1.5 our brokerage office will set a price IQD 2.5 and a much higher price margin is set for the Company industry as the share price might fluctuate and rise above IQD 5 in one trading session where the available balance in the account becomes insufficient to cover the buy order.

Many thanks and best regards

ISX Dept.

Warka Bank for Investment and Finance

[ISX_TIME]

In preparation for the "Big Boys" who me:rock:,, putting a strong hold on the market, the rules have changed. Make sure you read all emergency instructions prior to riding this machine. Put your arms in, lean back and enjoy yourselves!!!! It will be one heck of a ride. IMHO

What's next? raising the minimum amount of currency in your bank account!@#$%^&:thinking:

Sniper:giggle:

Our brokerage office in accordance with standard procedures followed by all Iraqi brokerage firms sets a higher price margin when submitting a order in the event the share price increases i.e. if the last share trading price was IQD 1.5 our brokerage office will set a price IQD 2.5 and a much higher price margin is set for the Company industry as the share price might fluctuate and rise above IQD 5 in one trading session where the available balance in the account becomes insufficient to cover the buy order.

Many thanks and best regards

ISX Dept.

Warka Bank for Investment and Finance

My, My..... How they learn fast ! Nice to see them so optomistic, Thanks for sharing

[ISX_TIME]

Doesnt that exceed (1.5 to 5.0) their self imposed 20% cap ?

[435613422]

I don't get it. Does it mean that they set a higher bid when purchasing our stocks, or do they raise their commission price when buying our stock? ... Crow! ISX specialist. =)

[Fishindinar]

It means "We may screw you when you purchase stocks"

[RoyalBeluga]

It means "We may screw you when you purchase stocks"

Would this work the opposite way should we wish to sell our stocks? Could they somehow push the price down and sell our stocks for the least possible?

[Fishindinar]

Anything is possible. Remember Aladin he had forty theives and I think they work for The ISX now.

[baz]

Would this work the opposite way should we wish to sell our stocks? Could they somehow push the price down and sell our stocks for the least possible?



Of course......

...........but please remember Bankers can be trusted.:giggle:

[RoyalBeluga]

Of course......

...........but please remember Bankers can be trusted.:giggle:

hehe but then again if we look at it as a margin of error it's not so bad. Lets say 200,000 shares was worth $1,000,000, I sure wouldn't complain if they sold for $750,000 :nerd:

[RoyalBeluga]

hehe but then again if we look at it as a margin of error it's not so bad. Lets say 200,000 shares was worth $1,000,000, I sure wouldn't complain if they sold for $750,000 :nerd:

:giggle: hypopathetically speaking of course :cheeky-smiley-025:

[Scott Gonzales]

People need to be careful about translating statements written from an Arabic perspective to an English perspective. Word translation certainly gets messed up, but also context and meaning can get messed up. In this case, I think they are just stating that when they place your order, they do not know what the actual price will be so they are placing a rather high price "margin" defined as the amount you are willing to pay verses the amount you have in your account prior to placing the trade. It does not mean that they are going to place a higher margin for their profit. That would make no sense at all.

[RoyalBeluga]

People need to be careful about translating statements written from an Arabic perspective to an English perspective. Word translation certainly gets messed up, but also context and meaning can get messed up. In this case, I think they are just stating that when they place your order, they do not know what the actual price will be so they are placing a rather high price "margin" defined as the amount you are willing to pay verses the amount you have in your account prior to placing the trade. It does not mean that they are going to place a higher margin for their profit. That would make no sense at all.

Of course that's what it means, people are getting worried over nothing :nod:

[Fishindinar]

People need to be careful about translating statements written from an Arabic perspective to an English perspective. Word translation certainly gets messed up, but also context and meaning can get messed up. In this case, I think they are just stating that when they place your order, they do not know what the actual price will be so they are placing a rather high price "margin" defined as the amount you are willing to pay verses the amount you have in your account prior to placing the trade. It does not mean that they are going to place a higher margin for their profit. That would make no sense at all.

When I place an order I never put a buy price, but when I receive my stocks they are always purchased high. I even received shares once that were higher than the high for that day.

[RoyalBeluga]

When I place an order I never put a buy price, but when I receive my stocks they are always purchased high. I even received shares once that were higher than the high for that day.

I too have that same problem but consider it the price of getting in early. It has been suggested here many times that you should state a maximum price in your stock order, this way you don't get any nasty surprises and stay within your budget :nod:

[baz]

When I place an order I never put a buy price, but when I receive my stocks they are always purchased high. I even received shares once that were higher than the high for that day.

Now this is interesting Fishindinar, because when ever i have bought stock i have in fact done the opposite to you, i usually ask for X amount of stock at such and such a price....being the price i have previously found out the stock is going for, and every time its been bought for me it has been at the price i quoted.

Maybe we have hit the nail on the head here, being dont forget to tell them the price it is on the day and you want it at that price....perhaps that how it works over there, i have never done it any other way.

Might have just been lucky though.

[RoyalBeluga]

Now this is interesting Fishindinar, because when ever i have bought stock i have in fact done the opposite to you, i usually ask for X amount of stock at such and such a price....being the price i have previously found out the stock is going for, and every time its been bought for me it has been at the price i quoted.

Maybe we have hit the nail on the head here, being dont forget to tell them the price it is on the day and you want it at that price....perhaps that how it works over there, i have never done it any other way.

Might have just been lucky though.

I would say it's probably a common oversight by the less experienced, at least I hope so :blush: I certainly won't be making the same mistake on future orders :hi:

[GottaDash]

Don't know what brokerage you are using Sniper, but I write into my orders that I don't want to pay more then a certain amount. I don't get as many of my orders filled. But, that's the only way I can stay within my investment plan.

Anyway. Good luck.

Just got Warka shares for 1.38 ea. I thought that was a good price.

[BettingOn Iraq]

Now this is interesting Fishindinar, because when ever i have bought stock i have in fact done the opposite to you, i usually ask for X amount of stock at such and such a price....being the price i have previously found out the stock is going for, and every time its been bought for me it has been at the price i quoted.

Maybe we have hit the nail on the head here, being dont forget to tell them the price it is on the day and you want it at that price....perhaps that how it works over there, i have never done it any other way.

Might have just been lucky though.

Baz, I purchase the same as you, including a price always. I'm not letting them go crazy with my money. If it's something I want really bad, like Iraqi Gen Transportation, this is how I state it, a price/ or at market rate, giving Warka the authority to go higher if need be. Each time I've gotten the rate I wanted.
I'm glad to hear how others price. It's all a very good learning experience.

[buck74]

We knew these types of things would be coming, time for the small investor to get in is getting short. (maybe to late even now) Those of us with a little foresight will reap the gains in the end.

[jaycon62]

I thought that was always the way its done based on market fluctuation. ie 200k IQD worth of XYZ stock as opposed to 200k shares. Notwithstanding the limit order buys like buy shares as long as < price willing to pay.

[Kickabuck]

I always state an approximate price. I have bought on both sides with a little deviance, never more than .05 though.

Also, it's not too late for beginners to establish positions...or to be picky about the stocks they want. I'm holding on to cash until I get me some Iraqi Gen Transport, Economy, and Al-Khazer. Maybe a little Bank of Baghdad and Iraqi Land Transport too.

[Crow]

In preparation for the "Big Boys" who me:rock:,, putting a strong hold on the market, the rules have changed. Make sure you read all emergency instructions prior to riding this machine. Put your arms in, lean back and enjoy yourselves!!!! It will be one heck of a ride. IMHO

What's next? raising the minimum amount of currency in your bank account!@#$%^&:thinking:

Sniper:giggle:

Our brokerage office in accordance with standard procedures followed by all Iraqi brokerage firms sets a higher price margin when submitting a order in the event the share price increases i.e. if the last share trading price was IQD 1.5 our brokerage office will set a price IQD 2.5 and a much higher price margin is set for the Company industry as the share price might fluctuate and rise above IQD 5 in one trading session where the available balance in the account becomes insufficient to cover the buy order.

Many thanks and best regards

ISX Dept.

Warka Bank for Investment and Finance
This and the 20% cap is a good idea, prices could move very quickly when the ISX is fully electronic, especially the more thinly traded stocks. Safeguards must be in place, no more white boards and old men, computers will move things along a little faster.:giggle:

[Crow]

A full understanding of electronic trading is good thing to study and know going forward, the transition from manual to electronic creates a whole different trading environment.