Happily Befuddled

[moneysoon]

The ISX is an indicator for me because it follows in certain aspects and leads in others. In this case, the ISX is operating as usual and makes it daily reports. However, I am noticing that the Iraqi Investor appears keener to capitalizing off of market happenings than before the update.  I am watching a couple of plays and the traditional plays that I would expect due to people “not knowing” or “speculating” have not occurred. This leads me to believe that the system is providing increased knowledge disbursement or Brokers are knowledgeable of an impending change for the better.

 

I also note that the ESX was said to launch this November.  What is interesting, is the delays in reporting should not be occurring since they have tested, retested, and tested the system for months and Sundays now. Remember, this is NOT a New SYSTEM, it is simply a new Platform for Iraq. Which NASDAQ has updated for their other member countries time and time again. Remember, the ISX was already running a previous Nasdaq System. So… all I can say is that I am expecting something good to come out of this because the lack of news about the new system, the lack of PR for international clients, the impending launch from the ESX in the next thirty days… all implies something is up. What is also interesting, why is the ESX waiting to announce their upcoming IPO’s for their market opening???

 

My best guess, is that the ISX/ESX is preparing for a BIG BOOM to coincide with another BIG BOOM. I’m not worried one bit, they are up to something and I’m calling it good!

[Nelg]

Sounds reasonable.  They are waiting for "something?" to happen in order for them to start.  Starting should not be difficult. Waiting is.    

[moneysoon]

The ISX is supposed to be closed Tuesday for a public Holiday. I am seeing we are still sitting on the runway with the ISX's major moves. nevertheless, there is still plenty of opportunity to make that money while we wait!!!

 

Iraq Stock Exchange Suspended Trading session for Tuesday Nov 4 2014 because its religious holiday - tenth of moharam -

Edited November 2, 2014 by moneysoon

[TrinityeXchange]

thanks Money.  i am at a loss for words about the isx right now.  

[moneysoon]

thanks Money.  i am at a loss for words about the isx right now.  

 

 

Morning Brother,

 

Hey I noticed that several stocks were not trading due to not matching. Local sentiment and Foreign "buying sentiment" is slow as pond water on a January morning. This is not all bad.., I see a few feeding opportunities. This might also teach them a lesson "IF" they are playing games. However, perhaps it just the locals know something we do not. We will watch the news this week to see what could be affecting the buying pressure.

 

Blessings All,

Edited November 2, 2014 by moneysoon

[haymon]

Time to send more money............... Hey, Smybody know if our borker holds our funds in IQD????? 

If they do, maybe a good way to get an increase..Maybe a question to Mr. Karim.

[moneysoon]

Time to send more money............... Hey, Smybody know if our borker holds our funds in IQD????? 

If they do, maybe a good way to get an increase..Maybe a question to Mr. Karim.

 

Haymon,

 

When you make your wire you should notice your balance is always immediately transferred into the Brokerage IQD Account. Your balance is sent back to you in IQD handwritten and in parenthesis. Yes, the ISX strategies for investment and speculation are great.

[haymon]

Thank you. I has forgotten that. Wow. Send more, more, money!!!!!!!

[TrinityeXchange]

did anyone notice the huge purchase of BROI stock that took place overnight?  stock jumped 70% from a massive purchase of approx. 8.3B shares.  man oh man it would have been nice to be holding that stock!  but these types of back room deals are typically kept private until the transaction occurs.  wow!

 

here is the actual news on it:

A cross transaction occurred on 8.0bn Credit Bank of Iraq (BROI) shares today (Sunday, Nov. 2, 2014) 

between the IFC (the seller) and NBK (the buyer). The agreed price for the deal was IQD1.76 per share. 

This was the first transaction which was executed according to ISX instructions for the deals between the 

financial entities, which should fill the cross transactions against this deal at agreed actual price,not the 

average price of the session using X-Stream system. 

[DoD]

TX,

 

Yep the 70% jump sure helped out the stock price of this bank but still a long way off from where I bought in at 4.25...

[moneysoon]

I saw the cross yesterday and thought perhaps there are some other backroom deals waiting like this. In the report, when I saw the agreed price executed I knew it was a special deal.

[TrinityeXchange]

Isn't it strange, to say the least, that Kuwait bank would purchase a huge lot of stock at 70% above market price? Don't you typically get a bargain deal for buying in bulk? This is truly befuddling.

[DoD]

I'm still wondering if the reason they didn't get much of a bargain was to do the complete buy out of the bank. They already owned 75% of the bank so I'm figuring the other share holders made them pay up to finish the buy out...JMHO

[haymon]

Well the rest of the news out there said Kuwait is "happy" with Iraq. This may be some of the peace making.

[moneysoon]

There is nothing like happy investors.

[moneysoon]

Morning All,

 

The stocks are holding tight and many are in a down tick. The people are waiting on something because  I am not reading what else they could be reacting to bedsides the ISX not being what they thought. I am still at a lost to why they can not run their real time capabilities as of yet??? This is NOT the first transition OMX has made... On another note, it is interesting to some non-Iraqi, investors using some interesting strategies to make money in all directions. I see a play that takes catfishing to all time low. I would tell you but, in this case, I'm the catfish, and I'm not taking the bait.   keep Holding On!!!

 

Blessings,

[moneysoon]

The articles of late are saying that investor skittishness is due to  Iraqis's not being happy with the budget not being passed and low oil prices. They stated security was a minimal concern. I felt thelocal investor was wary due to something but just could not truly identify what it was. However, I now have a new question as to why these two entities are SO important to the public investor or are they speaking of institutional investors. Perhaps the indigenous investor is "speculating" just like the rest of us

 

Blessings All!

[TrinityeXchange]

hiya money.  what's your latest take on the market?

[haymon]

TX question and can somebody remind me of the other ISX tracker besides Mubasher?

[moneysoon]

_{Hello Brethren,}

 

_{Sorry about the font, but I am at the in-laws for Thanksgiving and their computer will not cooperate with me. It does get better at the end. Good to hear from you guys, it has been a desert land around here lately. First, I will say my take is as it has been for the last month.  "I believe they are 'waiting' on the ball to drop. From what I have seen, the KURDS seem to not only keep their word as to their press releases about their intentions, they usually surpass what they say they will do. They were/are supposed to launch the ESX this month! However, they sent out an update stating that they were going to clean house in the ESX so that they could achieve their goals on an international level. I can't paste the article but see article at KRG.org "Economic Council Discusses Border crossings and the ESX. The article states that they are going to clean house and put in competent leadership at the helm of the ESX 'before' moving ahead. The locals are not buying anything either. My interpretation is either they are truly disappointed at broken promises of the Bourse going international or they are holding out for the initiation of substantial opportunities... To me, they are trying to stay liquid in great expectation. Zain is ready to go! the 3g advancements took place WITH Zain as a lead partner. All I can say is they are setting the stage for the BIg Dance and MUM is the word as this is an invitation only party. I have checked with people who know certain rollout planning eg. DFN and they state they have no clue. I KNOW the ISX/ESX have been planning as they have held and publicized their work session topics. SO.... I believe they are going to rollout the ISX/ESX 'platform' we are looking to see AT or AFTER the Big Dance is announced.}

 

PS. I am getting a "BIG" tablet on Black Friday so that I can use the DFN capabilities to trade on a more technical basis once this thing lets loose.

 

Blessings ALL!

Edited November 26, 2014 by moneysoon

[TrinityeXchange]

thanks Moneysoon!

 

Haymon, as you saw in Money's post, DFN is the application free to use on a tablet.  right now though it is not updating live feed information.  most everyone except for rabee securities are stuck in time with their last market update being 10/16 (or there abouts).  it is the strangest thing.  they knew the platform was changing and planned for it but even the ISX website (the authority on the market price) still has an apology up for the feed being broken.  what the hey?!

[moneysoon]

Morning All,

 

I keep looking at the ISX feed being stuck and have come to one solid conclusion. They have configured the feed in the new rate and waiting for the go button to coincide with the announcement. That's all I can think of as I watch the market at a stand still. Everybody is waiting on this thing...hopefully Tuesday it will be made plain.

 

Blessings All,

[emerging1]

Money, that's also way I believe they still display the "feed problem" statement.  When it is changed you will be heading to the bank!

[emerging1]

Moneysoon,

 

When corresponding with Warka how much information do you give them? I certainly don't want to give them my account numbers but how much information as far as contact information did you provide with your email request?  TIA

[moneysoon]

Moneysoon,

 

When corresponding with Warka how much information do you give them? I certainly don't want to give them my account numbers but how much information as far as contact information did you provide with your email request?  TIA

 

Hello ererging1,

 

I do not have Warka, I went the much more satisfying route.