my feeling are if no RV before opening of ISX, then they will stick to a slow grow.
If they open the ISX to foreign investors without an RV people will buy up 49% of companies CHEAPLY, and then if they have an RV, everyone will rush to sell off their stocks crashing a stock market crash, that is just my opinion though. And what do I know..........basically nothing :)
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Thread: ISX Signifcance
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12-07-2007, 03:08 PM #21
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12-07-2007, 03:12 PM #22
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12-07-2007, 03:29 PM #23
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I'm totally stumped, i just don't know what to beleive if isx opens without one, cause i'm not sure what is supposed to come first
it can be said for all investors from the Arabs and foreigners, you enter now for it will be a golden opportunity for you.
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12-07-2007, 03:29 PM #24
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Thanks Bill. Your expertise is much appreciated here. We need all the help we can get. It is pretty awesome to have such diversified experts here to keep us on track.
You did not rain on our parades. I believe most here already suspected what you posted about the "rate". But still, we are closer than ever before!
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12-07-2007, 03:34 PM #25
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Thanks Danny!
I'm with ya on that one Dang. I sure like Danny51's take on the isx/rv. As far as I can recall, Vietnam has been the backbone for the argument of those saying that the isx can open w/o rv befo*****d. I believe Danny just blew that argument out of the water! I sure hope so anyway!
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12-07-2007, 05:02 PM #26
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Profesional opinion
The way I consider the ISX is it is a timeline to watch for a RV. Here I will show you why if Iraq opens up at that cheap rate why it will only hurt and destroy companies. It will not only hurt the company but push away long term investors. Sorry for the links, I have not figured how to post pics yet.
Look at what we did to this stock yesterday. As you will see it's rate is twice that of Iraq. Iraq is presently at .0007 and this stock is at .002. We ran it up and then left them to dry. This does not benefit companies at all.
http://imgcash1.imageshack.us/img504...6446650rs6.png
As you will see here they never gain but sink.
http://imgcash6.imageshack.us/img504/1999/sc1gg8.png
As you see here they do a down trend which is very bad for investing. Investors will not touch these stocks for nothing.
http://imgcash1.imageshack.us/img504/558/scso4.png
This is why the ISX needs a RV, if they don't RV then we will simply make all their companies more unstable then they already are an push away long term investors.
This is why opening the ISX open to us without a RV is crucial. They think this is a big deal. This is done daily in the penny market. All we will do is ruin what these people have worked for and that is investing. People will run their stocks up and then dump them when they hit 100% or more in profit. It is done everyday in the market. We look everyday for a stock to run and then dump. The only way to slow this down is to put a buy order restriction on how many shares you can buy. But how does that help Iraq, it will still deter investing over there. Restrictions hurt investing period. When they restrict one of our pennies it stops the run and deters all investing in that stock. Right now one of my stocks which is only 2 hours into the market, INXR already has 152,162,938 in volume and this is only one stock and this article is talking about a whole market. The penny market trades muti-billions daily. It will be a blood bath at a .0008 rate.
This is my professional opinion.
1.703 billion shares traded in ISX
Baghdad (NINA) – The total number of shares, traded on the Iraqi Stock Exchange last Wednesday’s session hit 1.703 billion, worth IQD 3.029 billion done through 374 contracts. Banking Stocks: Fifteen banks traded on Wednesday’s session. Rates for four banks went up, three went down and eight w
NINA & National Iraq News Agency
Look at all these rates. Will Iraq on Aug 2nd open up their banks to these pathetic rates? I think not.
Average USD share price of bank stocks in the Middle East
stock exchanges (as at September 2006)
KUWAIT
$12.27
JORDAN
$6.62
SAUDI ARABIA
$43.10
BAHRAIN
$2.45
DUBAI
$12.67
EGYPT
$5.62
OMAN
$3.90
QATAR
$33.81
Average share price of IRAQI bank stocks = $0.002221
This is roughly 2.77 dinars per share.
This is my conclusion, either Iraq does something about their rate or the world will make their market place a more unstable place to invest in. Vietnam is booming but we are not allowed to invest there. They would get tore to pieces if they opened up to us.
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12-07-2007, 05:28 PM #27
Ever heard of a reverse split? Thats what's going to happen to your stocks after a decent RV.
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12-07-2007, 05:28 PM #28
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Thank you so much StrongTower. This is a great explanation why there "MUST BE an RV" before the ISX opening. It would literally be insanity to open at 1 Dinar + .0008 Dollars. Savy traders will kill companies like a bug zapper kills off bugs in the night.
Here's to an RV by August 2nd.
Yeah Baby!!!
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12-07-2007, 06:17 PM #29
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12-07-2007, 06:23 PM #30
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I feel that the ISX could be opened to foreign investors and the public without an rv. The reason why I feel this way is because they dont handle that many companiess or trades as is right now. But then again we are dealing with IRaq so who knows for sure.
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