34 replies to this topic

[SidneyJr]

I had change my mind after I got the email about the $10,000., but I'm going send Aljazera the $1.000 to fund my account and get in why I can. But I have to admit, I'm a little confuse now. $10,000 or $1,000.

[pluMmet]

You guys that have already started the account can get in for $1,000 so DO IT as fast as you can because everyone else has to spend $10,000...

[SinjinWolf]

I confirmed with him yesterday. I have yet to fund my account created in January. It's been temporarily closed and they never told me I had to fund it within one month when I opened it (never got notification they were closing it) I have to pay $30 to reinstate it and wire $1000 within the next 2 weeks or it's closed permanently.

I don't get the new tough rules and frankly who the H*LL has 10K to through on the ISX.

Trinity I know you have dealt with them the longest. Any idea why the tough rules at this stage?

I'm not sure what I'm going to do at this point.

Hey Goldie, I got the same email two days ago. There was no mention of minimum shares I'd have to buy, so maybe that's a good thing. Not sure what I'm going to do either. Do I fund the account with $1000 now, or do I invest another $1000 in the IQD and then reopen and fund the account after the RV...

...I'm really interested in getting in on the Asia Cell action regardless of the RV. What to do, what to do...

What do you think?

[Goldiegirl]

Hey Goldie, I got the same email two days ago. There was no mention of minimum shares I'd have to buy, so maybe that's a good thing. Not sure what I'm going to do either. Do I fund the account with $1000 now, or do I invest another $1000 in the IQD and then reopen and fund the account after the RV...

...I'm really interested in getting in on the Asia Cell action regardless of the RV. What to do, what to do...

What do you think?

As per his email:

There is a min of $1000 per wire.
There is a min of 100,000 buy/sell shares per company.

For myself, I think I am going to fund it before my 2 weeks expires because I too want to get in on the telecom stocks.

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[rightsonword]

As per his email:

There is a min of $1000 per wire.
There is a min of 100,000 buy/sell shares per company.

For myself, I think I am going to fund it before my 2 weeks expires because I too want to get in on the telecom stocks.

Get in now. You might not have another chance to do so. It seems all opportunities for the small time investor to get into the ISX are closing. I got luck and got in early. A $10,000 initial transfer would have be way out of my budget of what I'd be willing to risk sending to a broker in another country. Count yourselves lucky if you have the opportunity to get in with only a $1,000 initial wire to Al-Jazera.

[Goldiegirl]

Get in now. You might not have another chance to do so. It seems all opportunities for the small time investor to get into the ISX are closing. I got luck and got in early. A $10,000 initial transfer would have be way out of my budget of what I'd be willing to risk sending to a broker in another country. Count yourselves lucky if you have the opportunity to get in with only a $1,000 initial wire to Al-Jazera.

I agree.

[SinjinWolf]

Thanks for your reply GG. My email didn't mention anything about minimum shares.

Does anyone have an idea / guess of about what it might cost to place a trade for 100,000 shares? It seems like I remember seeing some shares being sold for .2 -- but I have absolutely no experience (yet) with this.

Thank you!

[rightsonword]

Thanks for your reply GG. My email didn't mention anything about minimum shares.

Does anyone have an idea / guess of about what it might cost to place a trade for 100,000 shares? It seems like I remember seeing some shares being sold for .2 -- but I have absolutely no experience (yet) with this.

Thank you!

Go to the ISX link below and look at the share prices. Just multiply the share price by 100,000 to get the total cost in IQD. Al-Jazera charges a 1% fee, so make sure to add that on as well to get the final purchase price.

ISX

[SinjinWolf]

Go to the ISX link below and look at the share prices. Just multiply the share price by 100,000 to get the total cost in IQD. Al-Jazera charges a 1% fee, so make sure to add that on as well to get the final purchase price.

ISX

Thank you, rightsonword!

Have you traded on the ISX? There a few questions on my mind:

1) I've read that it's easy to buy shares but difficult to sell. So make sure you won't need money fast because it takes a while to sell. Not sure if this is true.

2) When the telecommunication stocks start trading on the ISX, I wonder if their initial share prices will be within the range of the stocks or be really expensive. (There's a wide range in stock prices from .80 to over 40.00.)

3) Has anyone heard how the RV will affect stock prices? I'm wondering if our portfolios will RV or if the ISX has another plan in place.

Thanks again, rightonword!

[rightsonword]

Thank you, rightsonword!

Have you traded on the ISX? There a few questions on my mind:

1) I've read that it's easy to buy shares but difficult to sell. So make sure you won't need money fast because it takes a while to sell. Not sure if this is true.

2) When the telecommunication stocks start trading on the ISX, I wonder if their initial share prices will be within the range of the stocks or be really expensive. (There's a wide range in stock prices from .80 to over 40.00.)

3) Has anyone heard how the RV will affect stock prices? I'm wondering if our portfolios will RV or if the ISX has another plan in place.

Thanks again, rightonword!

I've only bought on the ISX and it's extremely easy. I'm with Al-Jazera and you only have to fill out a buy order form and email a scan of it to them. They take care of the rest and send you a receipt.

As far as selling is concerned, I've never tried selling. Just sitting on what I own unless there is a nice price jump on a stock or it starts to tank. But yes, selling can take time because there aren't as much traders on the ISX as in other stock exchanges, so when you put in a sell-order, you're waiting on someone else to buy your shares. Might take a day, a few days, might takes weeks. Some times a company might stop trading and you can't buy until they start trading again, but I'm not sure how that affects selling. In any way, what you have read is correct.

I'm excited about the telecommunication IPO's, but I'm not sure what the prices will come out at. It would depend on how capital they are trying to raise and how many shares that decide to release to the public, imo. Shares are also based on the companies worth, but I haven't done much research to determine an estimate. The link below shows that Asiacell did a small IPO (trial maybe?) back in September with a price per share of 1 IQD. The real IPO coming in June, however, will definitely be higher in my opinion. The second link states that Asiacell was valued at $225 million. Personally, I'm making sure I have enough in my account to be able to buy at least 100,000 since that seems to be the minimum to buy now. So, I hope it doesn't come out too high.

Asiacell Goes for “Smallest IPO” Record

Asiacell, Zain and Korek IPOs in Baghdad: Good for whom? ‎

Finally, an RV or RD will definitely affect stock prices and the number of shares one owns. With either scenario, the change in exchange rate will have to reflect the companies worth. So, if they lop 3 zeroes, your 100,000 shares valued at a penny each will become 100 shares valued at $1 each (math might be wrong, but you get the point.) Same will hold true for an RV I'd assume ro reflect the companies value. This is my opinion, but I think it's the general consensus and is called a (Reverse) Stock Split i believe.

I hope this helps and I hope some of the bigger trades on the ISX add their input. They'll have much more info than I could provide, especially how often people are selling shares and at what profit margin(1x, 2x, etc.).

[pluMmet]

rightsonword summed it up very well. The only thing I would add is the rush that will happen If/When Iraq takes off. When people start hearing about all the people who have made money in Iraq, selling on the ISX will be very simple. Late to the party will still make money just not as much as initial investors.


On a side note if you purchased $1000 in Microsoft stock when it was offered 10 years later it was worth over a million. Iraq is in it's entirety a similar investment. You just need to find as many ways as possible to take advantage of it.

[SinjinWolf]

I've only bought on the ISX and it's extremely easy. I'm with Al-Jazera and you only have to fill out a buy order form and email a scan of it to them. They take care of the rest and send you a receipt.

As far as selling is concerned, I've never tried selling. Just sitting on what I own unless there is a nice price jump on a stock or it starts to tank. But yes, selling can take time because there aren't as much traders on the ISX as in other stock exchanges, so when you put in a sell-order, you're waiting on someone else to buy your shares. Might take a day, a few days, might takes weeks. Some times a company might stop trading and you can't buy until they start trading again, but I'm not sure how that affects selling. In any way, what you have read is correct.

I'm excited about the telecommunication IPO's, but I'm not sure what the prices will come out at. It would depend on how capital they are trying to raise and how many shares that decide to release to the public, imo. Shares are also based on the companies worth, but I haven't done much research to determine an estimate. The link below shows that Asiacell did a small IPO (trial maybe?) back in September with a price per share of 1 IQD. The real IPO coming in June, however, will definitely be higher in my opinion. The second link states that Asiacell was valued at $225 million. Personally, I'm making sure I have enough in my account to be able to buy at least 100,000 since that seems to be the minimum to buy now. So, I hope it doesn't come out too high.

Asiacell Goes for “Smallest IPO” Record

Asiacell, Zain and Korek IPOs in Baghdad: Good for whom? ‎

Finally, an RV or RD will definitely affect stock prices and the number of shares one owns. With either scenario, the change in exchange rate will have to reflect the companies worth. So, if they lop 3 zeroes, your 100,000 shares valued at a penny each will become 100 shares valued at $1 each (math might be wrong, but you get the point.) Same will hold true for an RV I'd assume ro reflect the companies value. This is my opinion, but I think it's the general consensus and is called a (Reverse) Stock Split i believe.

I hope this helps and I hope some of the bigger trades on the ISX add their input. They'll have much more info than I could provide, especially how often people are selling shares and at what profit margin(1x, 2x, etc.).

Thanks for the additional information, rightonsword. I appreciated the articles - read them both; interesting. Now that you mention it, I remember hearing/reading something in reference to the "reverse stock split."

My gut says that it's worth the investment risk to get it on the ISX. Potential gains outweigh potential losses. Nobody wants to lose money on an investment, but this is one of those situations where I don't want to be kicking myself 10 years from now saying, "Man if only I had invested $2000 into _____ stock...."

We'll see what happens. I have about eight days left to fund my account. And I'm leaning toward jumping in with both feet.

Thanks!

rightsonword summed it up very well. The only thing I would add is the rush that will happen If/When Iraq takes off. When people start hearing about all the people who have made money in Iraq, selling on the ISX will be very simple. Late to the party will still make money just not as much as initial investors.


On a side note if you purchased $1000 in Microsoft stock when it was offered 10 years later it was worth over a million. Iraq is in it's entirety a similar investment. You just need to find as many ways as possible to take advantage of it.

Thanks, pluMmet. Your point is well taken with regards to the "selling" side of this scenario. I appreciate your point of view about doing everything possible to take advantage of this potential opportunity. It doesn't seem like these opportunities com along very often. I hope this works out well for everyone involved.

The next step is trying to figure out which pool of stocks are the best to choose from. If you have any ideas, please feel free to share them.

[pluMmet]

Ever since the 10k announcement I have been asking AlJazera Brokerage about it and have just heard back that they have been flooded with requests to start an account with less then that amount. I have been informed that they are looking at a possible change to the new rule.

A time limit to open an account with $1,000 would be perfect to meet every ones needs. It would have been nice if that had said "10k investment will go into effect on such and such date"

[rightsonword]

Ever since the 10k announcement I have been asking AlJazera Brokerage about it and have just heard back that they have been flooded with requests to start an account with less then that amount. I have been informed that they are looking at a possible change to the new rule.

A time limit to open an account with $1,000 would be perfect to meet every ones needs. It would have been nice if that had said "10k investment will go into effect on such and such date"

Thanks for the diligent work! If anyone has the means to get in, I wouldn't hesitate.

[haymon]

This is a link for information for non Iraq investors in the ISX.

http://www.baghdadin..._Non_Iraqis.doc

Make sure you do your part and make sure the broker you choose does theirs.
Here is a list of brokers

http://www.baghdadinvest.com/uploads/ISX_Trading_Instructions_For_Non_Iraqis.doc