Attention: Jerry, Bryon...iraqi Stock Exchange

[INRI]

Hello, i have been reading as many posts as I can for the past few weeks. To sum it all up I have just submitted an application to Waha to open an account with them. I wanted to know from anyone what should iI do next? I have bought 250k dinar via internet, and i wanted to know should i buy like 25k dinar worth of like 10 different companies on iraqs stock exchange or should i keep buying dinar or what? I am just like the next person wanting to see my investment mature. I have read your posts and belive your knowledge far exceeds my own, and all the researhc i have done. Do you recommend opening a Warka account also? and are there any websites that i should visit for any additional information?
I would greatly appreciate anyones helpful information
Thank you very much
Rudy B

[Tyreds Tale]

I am a new guy here also! After doing research on my own, i found these folks know more than i could ever find out on my own! Mostly through shared knowledge I guess. I wonder if some have lost the initial enthusiasm which is evident from the posts of May and June. That ferver is what I feel know, as someone just about to wire money to Warka! I guess it is a lesson in patience though... we may have to sit for a while and talk and speculate while we wait to get on the ISX and for the FOREX to begin.

As for you questions, they are the pro's. I can say that the ISX is not open to us now. But by having a bank account you'll be first in line when it is possible. Some buy paper, I prefer the bank, but both have different risks and exhcange rates. I think the posts at this site are better than the truck and barter, market millionares, or fat wallets sites. im still reading new things everytime i brouse threw threads.

Wish everyone a peaceful Sunday!

[RET]

Well, I'm definitely NOT the new girl in town. I can tell you that even this old gal is learning A LOT... still! There are some topics/information I've skipped (ISX) because I never thought I'd go that route .... but I've changed my mind. (I have a lot of catching up to do.) I'm glad that the info I need is all here. I would say if you can afford it, opening an account with Warka is a good idea.

Yes, the knowledge shared on this forum is unbelieveable. Lotta smart cookies here. The Cream of the Crop are on this forum.

Welcome to both of you!

Knowledge is power.

[fomoco dinarco]

from what I have read it seems like the ones with warka accounts might be able to trade on exchange first which is cool. got my account open last week and its waiting for me to send it money. I am going to put in 1 year cd's first because they have a good return, i read somewhere 8 %, pretty good.

[BRYAN]

Hello, i have been reading as many posts as I can for the past few weeks. To sum it all up I have just submitted an application to Waha to open an account with them. I wanted to know from anyone what should iI do next? I have bought 250k dinar via internet, and i wanted to know should i buy like 25k dinar worth of like 10 different companies on iraqs stock exchange or should i keep buying dinar or what? I am just like the next person wanting to see my investment mature. I have read your posts and belive your knowledge far exceeds my own, and all the researhc i have done. Do you recommend opening a Warka account also? and are there any websites that i should visit for any additional information?
I would greatly appreciate anyones helpful information
Thank you very much
Rudy B


Let me Know if Waha has opened an account with you ...and the contact person's name...

I have yet to get a reponse from my Waha application I submitted 3 months prior...


I wanted to know the requirements to open such an account ...

Rudy could you Please Pm me when this occurs ..Thanks
:huge: :wave:

[toryangski]

Hello, i have been reading as many posts as I can for the past few weeks. To sum it all up I have just submitted an application to Waha to open an account with them. I wanted to know from anyone what should iI do next? I have bought 250k dinar via internet, and i wanted to know should i buy like 25k dinar worth of like 10 different companies on iraqs stock exchange or should i keep buying dinar or what? I am just like the next person wanting to see my investment mature. I have read your posts and belive your knowledge far exceeds my own, and all the researhc i have done. Do you recommend opening a Warka account also? and are there any websites that i should visit for any additional information?
I would greatly appreciate anyones helpful information
Thank you very much
Rudy B

Kindly post Waha's reply when you receive it. I'm sure many people here will appreciate it if you do that. Thanks :wave:

[Jerry]

well im not jerry or bryan but i may know a "lil" bout the isx..let me tell you this much..the prices you see now forget them..means nothing cause you cant buy them right now so why does it matter to choose now

Actually timeing is everything. If you make an order now to just buy and hold when it opens Warkas broker will get you in at the ground level. The prices may be different but not by much. You would not have the convience of buying a set share at a set price, your order would have to be placed in a way that you allocate so much dinar for one company. Having an order placed "now" instead of later will reduce the ammount of time lost in logistics to process the order.

but when it opens to us the stocks are gona completly change in performance i belive has in whats goes up and down

Performance will change from an "Iraqi" point of view to a "global" point of view. For instance. The hotels are currently doing well because they are "cash in hand" and are currently making money. The larger companies like Pepsi north are low and banks are low because their intrest is long term. Form a "global" standpoint, Pepsi and private banks are going to seriously outperform the hotels as they are in serious need of millions of dollars in restoration.

..its gona be a complete gamble a stock that has done nothing but gone up since it hit the market can suddenly hit rock bottom the only sure way is to research each stock then see what iraq needs most

Alot of share dumping is going to take place. However I believe that the number of buyers will strongly outperform the number of sellers and still reach incredible gains. I doubt anyting will hit rock bottom as so much logistics has gone into the preplanning of all this. It is a MAJOR factor when taking privatization into the market.

..like industrial stocks construction,,stocks like materials,,and electronics will also be a big boom..pick only what iraq can put to use right away..

These stocks will do well but most of the Textiles are currently comming from Kuwait subcontracted to Kuwaity companies from the CPA. The materials are comming out of Mishref. Eletronics will fare nicely, however in my opinion the WORLD is going to drive the stock and investors will most likely go after companies that have foreign companies as part owner like Pepsi. Others will come on the market as time passes. Also private banks will do great because they are needed for Iraqs privatization during the construction boom. As stated in this article....
By Agence France Presse (AFP)

Monday, December 06, 2004
"Iraq's private business community is "going to play the most important role in the economic development of the country and therefore it needs financial assistance from the outside world so that foreign investment and Arab investment can come to Iraq through Iraqi entrepreneurs," he said.
http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=10705

The idea is to get something in... anything at the bottom before the Big Players like Merril Lynch and mutual fund companies jump in and make this part of their portfolios. If you hesitate you stand to loose alot of money.

[Chaka]

i believe at the outset of foreign investors purchasing stocks, it will be individuals not fund managers.
at the outset , do you honestly believe a fund manager would risk the clients money on a volatile investment considering the instability of govt and war.

flip the coin- you don't think people would be a little upset finding out the fund manager put their hard earned money in 1) a foreign investment
2) little volume - only open 2-3 days week= highly volatile


also pricing will be inflated but i'm not looking to day trade this exchange- get in early and hold

[Jerry]

jerry by the time were allowed to buy stocks they will have allready sky rockted in price compared to now

I dont think this will be the case. I think they will allow foreigners "in Iraq" get to trade first. I f some one has an Iraqi bank account it would just as if they were in country. Iraqis dont have the capital to raise prices. Large companies are finding it hard to come up with their payed up capital requirements of $10 mil as it is.

..no way in hell there gona give us 100's of thousands of shares for pennys like now

I think how they will handle this is they will only allow a person to buy so many shares. There will most likely be a cut of limit. Maybe 100,000 or so. Pepsi Baghdad has 10 trillion shares on float... so to me that indicates they will allow some millions to be invested.


..we have no choice but to wait theres no other choice we can buy now..and best belive prices will be set to there advantage when its time to buy

True, on a minute scale though. It still has to remain attractive enough for investors to take a risk.


..the only ones who stand to make money are the lucky ones in iraq who have access to these stocks.
They may open it up before the automated system is inplace. So it would still be good to only those who are in Iraq or have a bank account there.

they will make the real money..its like buying the dinar after it allready opens at .31

If it did open at .31 or whatever the funds you would have in the account at that time will be worth the same. Hence, you would still be able to purchase with the SAME value.

and hoping it will still rise so you can make a few pennys..nothing more..nothing less..

It would be more than pennys... all the more... all the better.

[ISX_TIME]

jerry by the time were allowed to buy stocks they will have allready sky rockted in price compared to now

I dont think this will be the case. I think they will allow foreigners "in Iraq" get to trade first. I f some one has an Iraqi bank account it would just as if they were in country. Iraqis dont have the capital to raise prices. Large companies are finding it hard to come up with their payed up capital requirements of $10 mil as it is.

..no way in hell there gona give us 100's of thousands of shares for pennys like now

I think how they will handle this is they will only allow a person to buy so many shares. There will most likely be a cut of limit. Maybe 100,000 or so. Pepsi Baghdad has 10 trillion shares on float... so to me that indicates they will allow some millions to be invested.


..we have no choice but to wait theres no other choice we can buy now..and best belive prices will be set to there advantage when its time to buy

True, on a minute scale though. It still has to remain attractive enough for investors to take a risk.


..the only ones who stand to make money are the lucky ones in iraq who have access to these stocks.
They may open it up before the automated system is inplace. So it would still be good to only those who are in Iraq or have a bank account there.

they will make the real money..its like buying the dinar after it allready opens at .31

If it did open at .31 or whatever the funds you would have in the account at that time will be worth the same. Hence, you would still be able to purchase with the SAME value.

and hoping it will still rise so you can make a few pennys..nothing more..nothing less..

It would be more than pennys... all the more... all the better.

Jerry, You always have an analytical answer for such legitimate amd warranted posts and ALWAYS look foward to your replys
Thank You