Thread: RV in June

I have only stated my opinion. Because that opinion conflicts with the fantasy I am a bad guy and I'm rude and I've wasted everyone's time by posting negative sh*t. Grow up people! I am entitled to my opinion. I have 2 million dinar and am hoping to get a nice return on my investment. A lot of people on this forum seem to think that because I do not believe in the fantasy of an unrealistically large, millionaire-making RV that there's no reason for me to be here. F-O-R-U-M....in case you forgot, is where you all are posting. It will contain varying opinions...GET USED TO IT. I am not here to cause trouble and there will be no trouble if you don't cause it by lashing out at me because I ruined your fantasy. If you don't like my opinion then you have two choices..

A. Don't read it.
B. Read it and disagree with it without posting childish replies.

Originally Posted by ATMCSMD

There's a very small part of me that thinks that anything is possible but realistically speaking I only expect to double or triple my money. I am here for the entertainment of seeing so many people that think they will wake up to millions one morning. Also.....I have not wasted your time...you chose to read.....YOU have wasted your time. Don't blame me.

I agree to expect double maybe triple our money back and can only dream about the millions...BUT...must you take such pleasure in the potential misery of people who are so focused on the dream? Get a heart dude.

Originally Posted by danny51

I agree to expect double maybe triple our money back and can only dream about the millions...BUT...must you take such pleasure in the potential misery of people who are so focused on the dream? Get a heart dude.

I don't see it as taking pleasure in potential misery. I just like to read the posts to see how far people will go to stretch nothing into something. Like the "buying Iraq for pennies on the dollar" gem. I've watched that one bloom from a theory to a "fact" with absolutely nothing substantive to support it.

Originally Posted by ATMCSMD

I don't see it as taking pleasure in potential misery. I just like to read the posts to see how far people will go to stretch nothing into something. Like the "buying Iraq for pennies on the dollar" gem. I've watched that one bloom from a theory to a "fact" with absolutely nothing substantive to support it.

Nothing to substantiate it? like stock prices for international banks selling for fractions of cent.... yep, your right

Originally Posted by lndmn_01

Nothing to substantiate it? like stock prices for international banks selling for fractions of cent.... yep, your right

So is it your position that we will see an overnight RV in which a $700-$800 investment will yield $25,000 or more OR do you think it more likely that stock prices will be adjusted accordingly before foreign investment is allowed in?

Originally Posted by ATMCSMD

So is it your position that we will see an overnight RV in which a $700-$800 investment will yield $25,000 or more OR do you think it more likely that stock prices will be adjusted accordingly before foreign investment is allowed in?

Nope. They have stated multiple time that they wish to return the dinar to the previous rate. If they do so in the 3 years specified, with a slow rise, the stock prices will be exorbitant. Can you imagine a stock, adjusted from$.01 to a fair market value of say $1.00 with no reval, followed by a steady increase of the value of the dinar back to previous rates? that $1.00 stock will be valued at (just throwing numbers out because I don't want to figure them) $12,000.00.

does that make any sense?

Originally Posted by lndmn_01

Nope. They have stated multiple time that they wish to return the dinar to the previous rate. If they do so in the 3 years specified, with a slow rise, the stock prices will be exorbitant. Can you imagine a stock, adjusted from$.01 to a fair market value of say $1.00 with no reval, followed by a steady increase of the value of the dinar back to previous rates? that $1.00 stock will be valued at (just throwing numbers out because I don't want to figure them) $12,000.00.

does that make any sense?

Precisely the question many fail to ask themselves when looking forward to a huge overnight RV.

my 2 cents. I agree with both of you somewhat. The law or arbitrage does say that if there was a stock traded on the Iraqi excchange as well as another exchange, the prices of the socks on each exchange should be equal when taking into account the difference in the exchange rates. However i am unaware that there are any companies in that boat. Not that i have looked into it. If tere was then i may have more faith in the ISX. Should those banks be limited to the ISX, then their price should remain relatively unchanged until after the reval, there will go hand in hand. If their assets are the NID, then their asset base does not change unless the value goes up or an RV happens. I personally have found it almost impossible to do the reasearch on Iraqi stocks that we can here in AUS and the rest of the modern world. I would love to know more because i personally will move all my funds to the ISX should it open without a reval.
In one way i actually hope that you are correct, i could make an extra 50% + if i was able to put my money into the ISX before an RV. On the other hand i also want it to happen now.
If there is anyone who can point me in the direction to doing stock research on how the current stock prices were made up i woudl be able to tell you if they were undervalued as it stands right now. But i do believe that as a point of keeping the market stable, if the RV happens and a particular stock was worth 1NID now then it would be roughly the same after. I do not think that realistically stocks will be worth $12k as it would prevent small investors from entering the market. Even here in the AUS, i could count on one hand how many stocks were worth more than $100 each. If prices went through the roof in country to reflect the reval price we would instantly see hyperinflation and that would cause a major problem for everyone.

As has been implied many times in articles, i believe that they would like to be able to dedollarise the economy. To me that means the people want to pay the same price in NID for goods that they are currently paying in USD for goods. Whether that be a can of coke, a car, house or food.
I also believe that they need electronic banking in place ASAP to reduce the amount or physical cash from the economy. By doing that they will significantly reduce the amount of lower denom notes required, and hopefully crime and corruption. Who wants to rob a shop that only has $200 in the till??

Originally Posted by ATMCSMD

Precisely the question many fail to ask themselves when looking forward to a huge overnight RV.

Way to answer the question there....

Originally Posted by haydenh

my 2 cents. I agree with both of you somewhat. The law or arbitrage does say that if there was a stock traded on the Iraqi excchange as well as another exchange, the prices of the socks on each exchange should be equal when taking into account the difference in the exchange rates. However i am unaware that there are any companies in that boat. Not that i have looked into it. If tere was then i may have more faith in the ISX. Should those banks be limited to the ISX, then their price should remain relatively unchanged until after the reval, there will go hand in hand. If their assets are the NID, then their asset base does not change unless the value goes up or an RV happens. I personally have found it almost impossible to do the reasearch on Iraqi stocks that we can here in AUS and the rest of the modern world. I would love to know more because i personally will move all my funds to the ISX should it open without a reval.
In one way i actually hope that you are correct, i could make an extra 50% + if i was able to put my money into the ISX before an RV. On the other hand i also want it to happen now.
If there is anyone who can point me in the direction to doing stock research on how the current stock prices were made up i woudl be able to tell you if they were undervalued as it stands right now. But i do believe that as a point of keeping the market stable, if the RV happens and a particular stock was worth 1NID now then it would be roughly the same after. I do not think that realistically stocks will be worth $12k as it would prevent small investors from entering the market. Even here in the AUS, i could count on one hand how many stocks were worth more than $100 each. If prices went through the roof in country to reflect the reval price we would instantly see hyperinflation and that would cause a major problem for everyone.

As has been implied many times in articles, i believe that they would like to be able to dedollarise the economy. To me that means the people want to pay the same price in NID for goods that they are currently paying in USD for goods. Whether that be a can of coke, a car, house or food.
I also believe that they need electronic banking in place ASAP to reduce the amount or physical cash from the economy. By doing that they will significantly reduce the amount of lower denom notes required, and hopefully crime and corruption. Who wants to rob a shop that only has $200 in the till??

ISX-Data.com / Iraq Stock Exchange Quotes