Originally Posted by
bluezzguy
Munny,
As you can see, I do not post much. Why isn't this getting more attention?
My opinions...
First, many of the stallwarts of this forum have left, or moved to the sidelines.
Second, perhaps there is a general confusion on what to make of how the GOI and CBI look at the opening of ISX. WILL it eventually wind up crashing? There are credible arguments on both sides for rv and against rv before the ISX opens. I'd like to believe those who think an rv is necessary before 8/2, but I am not sure I am not looking through dinar colored glasses.
It sure seems logical that if 49% of any stock can be bought up so cheaply, savy investors and traders could manipulate the market, and cause major harm to many of the companies.
Having said that, watching the swirling vortex that is the GOI, with all the non action on crucial laws, and the mess that Iraq is politically and security wise, it seems like the CBI has a very convoluted set of circumstances affecting what it is doing and wants to do.
A lop some time after 8/2 if there is no rv? I am no expert, but would a lop do them any good whatsoever? It would not give them the buying power for imports that they need.
It sure is very difficult to figure out what their intentions are, yet, it seems that they would do what is very best for Iraq's future success,and would be following the lead and direction of the IMF and World Bank.
I'd like to think that an rv is needed before 8/2, but time is short. If it does not happen, I am not sure what to make of the short term future of the dinar.
I see you saying 1:1.. that sure doesn't jive with your model...
Randy