ISX Signifcance

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13-07-2007, 11:57 PM
ChiefWealth53

Aug 2nd.

Quote:

Originally Posted by oldskiier

Maybe however the previous dates were all approximate dates..never have they had an exact date like this !!! I see no delays !!! and I see an RV before it opens !!

Acouple of months ago there was a video on either CNN or CNBC where the women heading the Iraqi stock exchange said it would open in two months which is around August 2nd. I don't know if anyone knows where to find that video on these threads.
14-07-2007, 12:09 AM
oldskiier

Quote:

Originally Posted by ChiefWealth53

Acouple of months ago there was a video on either CNN or CNBC where the women heading the Iraqi stock exchange said it would open in two months which is around August 2nd. I don't know if anyone knows where to find that video on these threads.

Yes I seen that ....and she siad it would go electronic first of Sept......and I belive it will ..but I really belive we will see an RV before, August 2nd !!!

They have to !! it wont work any other way !!!
14-07-2007, 01:47 AM
readytogo

Quote:

Originally Posted by strongtower

There are actually two different markets.

1. The Dow and Nasdaq-we call them the big boards
You could do that to them but their stocks cost way too much to run. If a stock is $7 a share then it would take $700,000 just to buy 100,000 shares. Plus it is highly regulated.

2. OTC and Pinksheet stocks-they are what we call pennystocks.
The SEC doesn't care about these stocks and allows shorts and ceo's to scam us by writing bogus pr's.

This is the point I am making about opening the ISX up without a good rate. The problem isn't them being regulated. It's selling high level stocks for pennies. You can't buy any bank shares in the middle east for less than $7.00 Wharka has like 30 million shares total. So a foreigner or simply one person could buy all their shares for around $100,000. I have seen one of our guys literally spend $400,000 of his own money on a stock in one day while it was running. We must think, this is suppose to benefit Iraq. How does it benefit them when we will now own them. I was told that a person with 100 million dollars and the backing of a bank could buy the whole country at their current rate.

Thank you very much!
14-07-2007, 01:51 AM
rvalreadydang

I agree, i don't think there will be a delay, we are only about two weeks away, nothing hinting in the news about delays, plus i think they are depending on foreigners to help kickstart their economy:flame:
14-07-2007, 06:58 AM
Spoiledred

Quote:

Originally Posted by rvalreadydang

I agree, i don't think there will be a delay, we are only about two weeks away, nothing hinting in the news about delays, plus i think they are depending on foreigners to help kickstart their economy:flame:

they have had all the foriegners buying the dinar, all the foreighners are going to cash in their dinar, how is that going to help? OOh I shouldnt have said that, I want an RV like yesterday! but Sunday or Monday would do me good too. Actually anything before Aug 2!!!
14-07-2007, 11:32 AM
TerryTate

Quote:

Originally Posted by oldskiier

Yes I seen that ....and she siad it would go electronic first of Sept......and I belive it will ..but I really belive we will see an RV before, August 2nd !!!

They have to !! it wont work any other way !!!

Actually, OS, she said it would begin electronic trading at or near the beginning of October, and foreign investor's would be allowed in the exchange within 60 days, which at the time of the interview would have put foreign investors in at the beginning of August trading through local Iraqi Stock brokers. And golly gee she was right August 2nd is slated for foreign investors. Looks probable that electronic trading will begin near October....

Here's your link partner:

http://www.rolclub.com/rumors-predic...tml#post207726
14-07-2007, 08:00 PM
MunnyBaggs

Quote:

Originally Posted by Onenomad

That being the case think the munny model needs updating? I don't always agree with your posts but I compliment you on taking in all news as it is released and adapting your analysis of the investment. With the figures you have looked at and worked out for your model what would your time frame look like if the ISX does indeed open when they said it would? Thanks again for the post:cheers:

I've been working on a new version of the Munny Model, sort of tying it all together in one package. It's pretty much been tweaked to where it is going to sit. Basically it says the vehicle will be Slow steady Growth with the target value range in the .05/.10/.20 levels. Thus if there is a high overnight Re-val, then the Slow Grow concept was obviously wrong. And if that high overnight Re-val ends up higher than .27, then the final target rate of the Munny Model was wrong as well. This 8/2/07 date for ISX sure did throw me for a loop. Not expected at all, as I always believed we'd have to be much closer to the .01 levels for ISX to open. If the Munny Model ends up being wrong, so be it. I've always known and said that was a possibility. It's not for a lack of effort from my part, just the way it is. At this point I will continue my research and continue working on it, but it would be senseless to release it before 8/2/07. Let's see what happens.
14-07-2007, 08:19 PM
MunnyBaggs

Quote:

Originally Posted by 40plus

Munny, what about this? If the ISX opens without an RV, Lets say one share of bank stock sells for one dinar, or .0008 USD. Lets assume an investor buys 100,000 shares..his cost USD $80. Now, lets assume the banks have sold 1,000,000,000 shares (one billion) at this price and there is no RV. Wanting to capitalize more, the banks do a reverse split, giving the investor one share for every 1,000 he owns. His $80 investment is still $80, but he now has 100 shares worth $.08 USD each.

The investor has stock that has risen in value, the banks now have more shares to sell at the higher price of $.08 so they can amass much more money and look like a better investment to the next generation of buyers. This will benefit the banks, but not so much the original investor, nor will it do anything for the Iraqi people, as far as purchasing power is concerned. However this is a very conservative growth plan that would greatly improve the chances of the banks being successful.

Additionally, I recall posting about a call I received from an Iraqi delegate at the Salt Lake meeting last December, who told me there would be nothing happening with the dinar until the banks had all gone electronic. The above example would allow them the time and money to do just that, hence an RV prior to opening the ISX may not neccessarily be in the cards for us.

Once the banks are online, have massive dinar reserves obtained by selling stock on the cheap, and more available due to the reverse split, an RV would take them way over the top and then the people of Iraq could share in the wealth. But it would be the 'big boys' who get first dibs on the spoil...not unlike everywhere else around the globe.

An RV prior to the opening of ISX would increase the purchasing power of the common man in Iraq, allowing them to participate in buying stocks, but then the banks would have to raise the price of shares simultaneously, so as not to get bought out cheap. The banks would still benefit, but not neccessarily as well.

Based on the above, what remains to be seen is exactly how important is sharing the wealth with the common man to the big players in Iraq.

Your view? :smiley:

It's an interesting theory, 40, but not so sure it will work with such a simple and immature market as the ISX. Every single stock on the market will do a reverse split? Plus no matter how you divide it up, the true value is still the same. If ISX opens up to foreign investment it will get an initial "bump" in value to start with. Keep in mind there are already thousands of investors holding in proxy plus the local investors as well. Bottom line is if I hold a stock that is worth 3 cents USD and Iraq Re-vals IQD to 1:1 my stock has appreciated well over 100,000% overnight. You can split it up any way you choose, but next day I'm selling to take my profit ASAP. It's human nature. Thousands will (split or no split) and you simply won't have enough buyers to offset such a massive sell off.
14-07-2007, 08:31 PM
lewscrew

Posted by Hkp in the news thread, did you see this?

--------------------------------------------------------------------------------

Measured recovery in the Exchange before opening trading to foreigners

Measured recovery in the Exchange before opening trading to foreigners Translated by IRAQdirectory.com - [14/07/2007]

Traders in the Iraqi financial market expected that the coming stage, before allowing non-Iraqis to trade in the exchange starting on the second of next August, may witness activity moving prices to ambitious levels, paving the way for wide participation by non-Iraqis; this started to show in this week's sessions characterized by unexpectedly high index levels. The banking sector, which has suffered price retreats during the last months, is leading the recovery, an indicator of stable and gradually rising values; the share price of "Bank North", which increased its capital last month from 25 to ID100 bn, jumped from one IQD to ID4.750 dinars in a week; shareholders disagree about the reason for this.

Exchange dealers expected this trend to continue in the market next month, especially given the expected increase in the number of weekly trading sessions, starting this week, followed by an increase in the number of executed contracts and thus an upturn in transaction volumes and share liquidity.

Sources close to the Stock Exchange spoke of the Board of Governors' success last year obtaining grant of over seven million dollars to automate trading, and pointed out that a Swedish company is carrying out the automation project which is expected to be completed before the end of the current year.

It should be noted that the market value of shares traded in 2006 fell from $2.136 bn in 2005 to $1.5 bn.

http://www.iraqdirectory.com/DisplayNews.aspx?id=4100
14-07-2007, 08:33 PM
oldskiier

Quote:

Originally Posted by MunnyBaggs

It's an interesting theory, 40, but not so sure it will work with such a simple and immature market as the ISX. Every single stock on the market will do a reverse split? Plus no matter how you divide it up, the true value is still the same. If ISX opens up to foreign investment it will get an initial "bump" in value to start with. Keep in mind there are already thousands of investors holding in proxy plus the local investors as well. Bottom line is if I hold a stock that is worth 3 cents USD and Iraq Re-vals IQD to 1:1 my stock has appreciated well over 100,000% overnight. You can split it up any way you choose, but next day I'm selling to take my profit ASAP. It's human nature. Thousands will (split or no split) and you simply won't have enough buyers to offset such a massive sell off.

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 ...???

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