Thread: ISX Signifcance

Originally Posted by neno

The text of the draft law of oil and gas rate approved

i believe they're talking about the production rate and not a currency rate. keep digging.

Originally Posted by oldskiier

Originally Posted by oldskiier
I'm not so sure about that .....I wouldn't seel off all my stocks sure I would sell some ...but with the onset of foreign investors coming on board..there will be enough to buy them up ....and as they would cuntinue to buy I would sell off more...till we seen maybe $25-$50 a share bank stocks....and then I would let my last million go ......and this would create a very strong market ...???

Ski, I'm sure you've heard the old adage "buy low, sell high"?? If we have no adjustment in exchange value you will have lots of new buyers coming on board. But if say two months (or more) down the line the CBI Re-vals to 1:1 then overnight those stocks have increased in value by OVER 100,000%. New buyers don't jump into a market that increases so dramatically in such a short time. In fact selling will be massive with not enough buyers to cover the demand. Stability will be CRITICAL in the ISX. Thus we need some sort of "Bold Adjustment" before the ISX opens to settle and stabilize the opening prices for new Foreign investors.

You are exactly Right !! and that is what I am refering to above !!! I belive we will have a RV before the ISX opens !!!! ...... I have said this all along !!...it's coming !!! Now that the kurds are pushing the Oil Law Threw !!!

Ski, I'm a little surprised at you. You've always been one of the "cash on hand" is the only way to go crowd. Now you are a fellow ISXer??? Anyway, welcome on board.

After a brief period of being thrown for a loop by the 8/2/07 date, I've come to a few conclusions. I see 3 potential outcomes:

1. A 6 month (or more) delay of the ISX opening to foreigners in order to allow IQD exchange value to either rise gradually or by a series of small "Bold Adjustments". This would allow for a more even exchange with neighbors and stabilization of stock prices.

2. Some sort of Re-val prior to 8/2/07. I would predict anywhere from 300 to 1 to maybe up in the penny levels. This should happen relatively soon to stabilize stock prices. Keep in mind we are about 17 days away right now. The closer we get, the less likely a Re-val.

3. It opens on 8/2/07 with no Re-val. Maybe we (I) overestimated the importance and impact of IQD value as concerned to ISX trading. Maybe the ISX is truly poised to LEAD IQD value???

Originally Posted by Bubba Dinar

Most of those ISX Stocks may be fraudulent. Who knows if they are no more than Public Shells with no assets?? The may be fully valued now at <0005 cents. Once the IQD re-values higher, the stocks will Reverse Split back to where they are now. The only way to take advantage of a IQD Re-Valuation is to hold Cash...There are more than enought scam stocks in the US..Why should anyone go to Iraq to find more of them..

??? I'm not sure I understand your point, Bubba??? We didn't get into the ISX to cash in on a Re-val. We got into the ISX in case there is no quick overnight Re-val. The stocks (in USD terms) are pennies per stock. I've diversified across the entire ISX. All I need is for 1 or 2 of them to "hit" and I've made a killing. Sure just like any market some will nosedive and fail. Some will stagnate. Some will grow modestly. But there is a real chance (if we turn the security tide around) that some will take off like a rocket. That's why they call it "high risk/high reward" Bubba. If you choose not to go that route, fine. To each his own and best of luck to all involved.

Originally Posted by MunnyBaggs

After a brief period of being thrown for a loop by the 8/2/07 date, I've come to a few conclusions. I see 3 potential outcomes:

1. A 6 month (or more) delay of the ISX opening to foreigners in order to allow IQD exchange value to either rise gradually or by a series of small "Bold Adjustments". This would allow for a more even exchange with neighbors and stabilization of stock prices.

2. Some sort of Re-val prior to 8/2/07. I would predict anywhere from 300 to 1 to maybe up in the penny levels. This should happen relatively soon to stabilize stock prices. Keep in mind we are about 17 days away right now. The closer we get, the less likely a Re-val.

3. It opens on 8/2/07 with no Re-val. Maybe we (I) overestimated the importance and impact of IQD value as concerned to ISX trading. Maybe the ISX is truly poised to LEAD IQD value???

Any of those three options will happily work for me. Here's hoping..

I'm expecting option 3 - negates any disappointment and anything else will just be a bonus.

Also will hopefully mean less messing around with the ISX shares as they stand - i.e splits etc.

Hi, I agree either the opening of the ISX has to be put back (no indication of this happening yet) or RV of some significance has to happen before the 2nd of August,just one thought crossed my mind is that we have all been talking about you guys in the US investing but what about the significance of all the investers from their near neighbours such as Kuwait and Saudi Arabia, you can imagine they will not want control of their banks and businesses going their way, I am also aware that the Chinese have a massive amount of money ready to invest in the worlds markets. Any thoughts???

Thanks for that info on ROI. But I'm looking more at the conversion rate math.
Example of math I am calculating:
1430 IQD/ 1 USD
Conversion math: 1USD/1430IQD=.0007USD/1 IQD
.0007USD X 1M IQD=699.30USD for 1M IQD
So at the stated rate 1430 IQD / 1 USD if you had 1M IQD it would convert to $699.30 USD

When applying this simple math calc to the 300 IQD / .02 USD it doesn't make sense with the total per 1M IQD being $66.67 USD
My math:
300 IQD/ .02 USD
Conversion math: .02USD/300 IQD=.00007 USD/1 IQD
.00007USD X 1M IQD=66.67USD for 1M IQD

And at this stated rate (300 IQD / .02 USD) my math shows if you had 1M IQD it would convert to $66.67 USD.

I feel your estimates and dates are real good targets to watch for, but the math on the 300 IQD / .02 USD is not adding up for me.

Thanks for any additional light you can shed on this.....I'm new here and need a little hand holding sometimes to understand.

Thanks again!

It's a typo - he means 300 IQD to 1 USD

Originally Posted by dinarsnope

Thanks for that info on ROI. But I'm looking more at the conversion rate math.
Example of math I am calculating:
1430 IQD/ 1 USD
Conversion math: 1USD/1430IQD=.0007USD/1 IQD
.0007USD X 1M IQD=699.30USD for 1M IQD
So at the stated rate 1430 IQD / 1 USD if you had 1M IQD it would convert to $699.30 USD

When applying this simple math calc to the 300 IQD / .02 USD it doesn't make sense with the total per 1M IQD being $66.67 USD
My math:
300 IQD/ .02 USD
Conversion math: .02USD/300 IQD=.00007 USD/1 IQD
.00007USD X 1M IQD=66.67USD for 1M IQD

And at this stated rate (300 IQD / .02 USD) my math shows if you had 1M IQD it would convert to $66.67 USD.

I feel your estimates and dates are real good targets to watch for, but the math on the 300 IQD / .02 USD is not adding up for me.

Thanks for any additional light you can shed on this.....I'm new here and need a little hand holding sometimes to understand.

Thanks again!

If the rate is 300 IQD to 1 USD you divide 1 by 300. 1/300 = .0033 Then you multiply .0033 x 1,000,000 = $3,333.

If the rate is 1 IQD = .02 USD simply multiply 1 million times .02. 1,000,000 x .02 = $20,000.

Today is the day we have been waiting for, I have heard that Aug 2 date is or has been removed from the isx site,Its about four pm in california is it to early to have any definitive news or is already too late with no opening or reval ? your thoughts!!!
benzboy

I hope it launches with the rv not to far behind!!!