Thread: My Prediction.

I predict that there will be no reval before the ISX opens. Please post your input and what your feelings are about the ISX opening and the relevance to a revalue of the Iraqi Dinar?

(Note: Lets hear all opinions, negative and positive. No bashing.)
~PaulieThaGreat

Please tell us what draws you to this conclusion.

Ideally the ISX will open to foreign investors through electronic trading AND the RV will take place on the same day. In the event of no RV, the ISX could rocket up but ONLY if electronic trading is available to the world. If no electronic trading is available, I don't believe that the rest of the world will want to bother with the Iraqi brokers and banks because they are totally incompetent based on the numerous complaints by warka proxy account holders. If I can't get those stocks through my current account, I sure as heck will not buy any through the Iraqi brokers.

Originally Posted by danny51

Ideally the ISX will open to foreign investors through electronic trading AND the RV will take place on the same day. In the event of no RV, the ISX could rocket up but ONLY if electronic trading is available to the world. If no electronic trading is available, I don't believe that the rest of the world will want to bother with the Iraqi brokers and banks because they are totally incompetent based on the numerous complaints by warka proxy account holders. If I can't get those stocks through my current account, I sure as heck will not buy any through the Iraqi brokers.

Agreed, FIL means little without electronic trading, especially when bombs are still going off every day. Expect slight increases in share price over the next month (s), which will go up or down based on news events or laws passed (main one HCL). Also look at whether or not more companies want to list on the ISX, adding to its validity. IMO if there is a sudden Reval of consequence, that will only add to the interest of the ISX, unfortunately that will not be correlative. IMHO of course. (Obviously I hope for sudden wealth just like anybody - but the facts surrounding Aug 2 dont work for me - hope Im wrong)

Originally Posted by Bungalobill

Agreed, FIL means little without electronic trading, especially when bombs are still going off every day. Expect slight increases in share price over the next month (s), which will go up or down based on news events or laws passed (main one HCL). Also look at whether or not more companies want to list on the ISX, adding to its validity. IMO if there is a sudden Reval of consequence, that will only add to the interest of the ISX, unfortunately that will not be correlative. IMHO of course. (Obviously I hope for sudden wealth just like anybody - but the facts surrounding Aug 2 dont work for me - hope Im wrong)

I agree with what you are saying and don't think there will be major reval Aug 2nd but also hope you are REALLY wrong.

Originally Posted by Bungalobill

Agreed, FIL means little without electronic trading, especially when bombs are still going off every day. Expect slight increases in share price over the next month (s), which will go up or down based on news events or laws passed (main one HCL). Also look at whether or not more companies want to list on the ISX, adding to its validity. IMO if there is a sudden Reval of consequence, that will only add to the interest of the ISX, unfortunately that will not be correlative. IMHO of course. (Obviously I hope for sudden wealth just like anybody - but the facts surrounding Aug 2 dont work for me - hope Im wrong)

I think you are wrong. While a reval might not happen stocks will take off on the 2nd. Though there is little interest in the ISX coming from the western world, the Middle East is chomping at the bit to get in.

Originally Posted by sexydinarlady

I agree with what you are saying and don't think there will be major reval Aug 2nd but also hope you are REALLY wrong.

Believe me I want the big yacht too. But I think my current job will be the main source of "riches" for the next couple of years at least.

Originally Posted by Bungalobill

Believe me I want the big yacht too. But I think my current job will be the main source of "riches" for the next couple of years at least.

If nothing before Aug 2, then it will be slow grow and ISX.

Originally Posted by PaulieThaGreat

I predict that there will be no reval before the ISX opens. Please post your input and what your feelings are about the ISX opening and the relevance to a revalue of the Iraqi Dinar?

(Note: Lets hear all opinions, negative and positive. No bashing.)
~PaulieThaGreat

I believe a significant Reval is inevitable, at some point, but they just don't have all their ducks in a row, yet.

I also hope I am wrong.

Originally Posted by Bungalobill

Believe me I want the big yacht too. But I think my current job will be the main source of "riches" for the next couple of years at least.

Yes, the big yacht and the penthouse condo in MX (close to Roxy's)..you know what I'm saying. If not I have other riches BB.