ISX-IPO (Initial (foriegn) Public Offerings

[fishy7]

Here's a question... During the tech stock boom, I stayed away from "IPO's" because by the time my broker got my order in, the stock price was no where near what I thought I was getting in at. It didn't take me long to learn that the insiders got in, the late bloomers ran the stock up, then the guys who got in first dumped their stock and took all my money! I know alot of of you guys are waiting in the wings to jump into the ISX (one big IPO), but what's going to keep the same thing from happening to you? I think they have a long way to go before they will be able to handle all the foreign orders waiting to jump in (technologically speaking) and that might be the holdup. I have a Warka account but already see insiders (foreign banks) creating alliances with Iraqi banks to beat the "no foreign investment" policy ie- their not waiting for the ISX to be ready. I'm ready, but my nightmare would be when the ISX opened to foreign investment, to place my orders only to be informed by a broker at Warka Bank that I payed 10-20 (or more) times the initial offering prices for my stock picks!! Any thoughts?? And isn't there some way we could set up a company in Iraq so we all could invest through this "corporation" now!? Why wait!! I'd chip in for the plane ticket for one of you guys to go over there and fill out the appropriate papaerwork!! :)

[Tyreds Tale]

I have been thinking the same thing! I still remember buying my first stock. I waited till the price was low and put in a market order. I didnt want to pay the extra $5 for a limit order. Also I wanted an odd number of stocks, like 273 or something. Boy did I pay a fortune for that stock!

I never order without a price limit. I wouldnt do it in ISX either. Hopefully they'll have that option. Any brokerage without a limit option is no option :no:

[Lux]

Here's a question... During the tech stock boom, I stayed away from "IPO's" because by the time my broker got my order in, the stock price was no where near what I thought I was getting in at. It didn't take me long to learn that the insiders got in, the late bloomers ran the stock up, then the guys who got in first dumped their stock and took all my money! I know alot of of you guys are waiting in the wings to jump into the ISX (one big IPO), but what's going to keep the same thing from happening to you? I think they have a long way to go before they will be able to handle all the foreign orders waiting to jump in (technologically speaking) and that might be the holdup. I have a Warka account but already see insiders (foreign banks) creating alliances with Iraqi banks to beat the "no foreign investment" policy ie- their not waiting for the ISX to be ready. I'm ready, but my nightmare would be when the ISX opened to foreign investment, to place my orders only to be informed by a broker at Warka Bank that I payed 10-20 (or more) times the initial offering prices for my stock picks!! Any thoughts?? And isn't there some way we could set up a company in Iraq so we all could invest through this "corporation" now!? Why wait!! I'd chip in for the plane ticket for one of you guys to go over there and fill out the appropriate papaerwork!! :)

I certainly won't discourage you from digging further and looking into your idea. This forum breeds thought and you may uncovered a pitfall that none of us contemplated.

I highly doubt, this forum's investors will serve as the helium in that balloon. Based on the "chatter" in Iraqi Stock Exchange section and the general comments on this board, I have a hard time believing Warka has millions of dollars sitting in their bank because of this forum. If the banks get in ahead of us, they certainly aren't going to make much profit on our investments.

Outside of this forum, most people I speak to about dinars and the ISX, give me strange looks and nod their heads. You would think I had just told them I saw martians crawling out of a UFO in my backyard or something.

Certainly timing is everything when it comes to buying stocks, but it's as much of a risk as anything else here. We can barely gather enough data on the companies currently listed and I'm sure many of us here have varying strategies as to which companies we are investing our dinars in. Since we know so little about these companies, diversity is my simple approach.

[BRYAN]

Yes I think that there will be alot of price flucuations the first years that the ISX is open to Everyone ..

Sure there willl be IPO 's like we had and insiders waiting to cash in like we have also ..

You have to stay ontop of the current events and keep informed with Miss R as to what you want her to do ..

we are going to be late with everything pertaining to fresh news about Iraqi companies due to the time difference and Time to process information and buy & sell orders..

That is why I wanted a Waha account also .. they have a system for instant online trading ... :huge: this could be a great asset when it come to unloading of your shares quickly ...

[DarkRing]

Dose anyone have a current updated list of stocks selection? AG an I are getting ready buy a few shares when we can.


its a 50/50 on this I bet.

[Lux]

Dose anyone have a current updated list of stocks selection? AG an I are getting ready buy a few shares when we can.


its a 50/50 on this I bet.

Official site with official listing (also see Brokers link):
http://www.isx-iq.net/page/issues.htm

Great brokerage site with quotes and updates:
http://www.isx-aman.com/

Some financial history:
http://www.isx-iq.net/pdffile/isx-giude.pdf

Nice site under construction but not updated since 11/10/04
http://www.isx-data.com/

Hope this helps. Maybe others can add more.

:huge:

[tazish]

Check out the latest news on the Aman-ISX web site(Sorry, but I am a computer idiot or I would put the link here-it is listed in previous comments).
Looks like a bearish position on the stock market opening to foreign investors. But on the positive side the prices are getting lower which means better values for us when and if it does open to us.

[Lux]

Check out the latest news on the Aman-ISX web site(Sorry, but I am a computer idiot or I would put the link here-it is listed in previous comments).
Looks like a bearish position on the stock market opening to foreign investors. But on the positive side the prices are getting lower which means better values for us when and if it does open to us.

Bad news is good news in a very real sense.

Hopefully we can get in soon.

Here's the link:
http://www.isx-aman.com/news/rep_12_12.htm

[Lux]

http://www.isx-aman.com/news/rep_12_8.htm