Hotels

[Scott Gonzales]

Many of you long-time investors may remember that there was a time when the ISX was dependent on the action of the hotels (probably 4 years ago). Over time, some of the industry and service companies had a run up in price, then the banks became a leading indicator of market action. Over the last year, the ISX has been searching for a bottom and I think the price action of the hotels may be sending a signal. Most have either stabilized or increased in value over the last couple of weeks. This may be a good sign that the market overall has found a bottom and is ready to continue with the next impulse wave up. This will be a third wave and could see some significant price increase. See some of my previous posts about Elliott Wave analysis. I do view the ISX through rose colored glasses though. We will see.

You can see these trends on my website if you want to see the action yourself. There is a sticky at the top of this forum that directs to my website, www.IraqStockX.com.

[Will-it-happen?]

Many of you long-time investors may remember that there was a time when the ISX was dependent on the action of the hotels (probably 4 years ago). Over time, some of the industry and service companies had a run up in price, then the banks became a leading indicator of market action. Over the last year, the ISX has been searching for a bottom and I think the price action of the hotels may be sending a signal. Most have either stabilized or increased in value over the last couple of weeks. This may be a good sign that the market overall has found a bottom and is ready to continue with the next impulse wave up. This will be a third wave and could see some significant price increase. See some of my previous posts about Elliott Wave analysis. I do view the ISX through rose colored glasses though. We will see.

You can see these trends on my website if you want to see the action yourself. There is a sticky at the top of this forum that directs to my website, www.IraqStockX.com.

whats happening with DAr-Al Salam bank ?

[Uno]

Thanks for the info Scott! I hope you are right. I"m ready for a new wave! I'm tired of seeing my profits dwindle away!

[chakkarchee]

Third wave since what date ? this has been draging but this is how it is going to go I guess.

I think it is a good time to add the high flyers who have come down 100% from their high's, like SBAG,
SLIT, NSDA , and few others.

[Baghdad]

Wise post. I think the dominating sector will always be the banks for the time being as they are the ones who have the money to lend to business and infastructure projects in Iraq. Remember the whole Iraq Investment is dominated by upgrade in industry and infrastructure..