phazedoubt

Well... it looks like i was right on this one. Check out BMBM on any investment site. They issued the 1.04 Dividend this morning and the stock price is still around 1.10. It was a VERY risky investment (just like the Dinar) and i didn't expect many would do it, but if i see or hear of any other opportunities like this in the future, i'll still be sure to post.

Well, can't say i didn't try. i've made a lot in the market recently (and i do mean a lot) and i may be getting a little over confident. The thing that gets me though is that so many people will hold on to an idea that may or may not happen, but won't take advantage of the very real and large opportunities that are going on every day in the market! C'est la vie.

Ok, i just thought that i would post this in here because i'm gonna do it and if it works out then i will have doubled my money in 3 days time. If you are at all familiar with dividends, then you know that they pay out if you are a stock holder of record before the ex dividend date. In the past, i have normally not factored dividends into my investment strategy at all. After playing the last few swings in the market however, i have found that they can be a good way to mitigate loss. After doing some research this weekend to develop a decent dividend strategy, i just happened upon a stock that is paying a dividend HIGHER than its actual stock price as of close of market on Friday. The announcement was made on Friday and the window is very small compared to other dividend announcements. In essence this looks like a liquidation dividend due to the sale of the companies operating subsidiary. At the same time as the announcement they changed their ticker symbol and started trading OTC. The old symbol is KAZ. The new symbol is BMBM. The new symbol is already up higher than the old one, and i have a feeling that at open of market tomorrow, it may be even higher after the news of friday. The dividend payout is $1.04. BMBM is already at $1.12. If you get in tomorrow morning, that will probably be the best time. Of course the % profit is directly proportional to the purchase price of the stock. The ex date is October 5, so you have to be in by close of market Tuesday. Good luck to all. Here's the announcement of dividend in Market Watch. http://www.marketwatch.com/story/bmb-munai-inc-announces-initial-cash-distribution-of-104-per-common-share-2011-09-29

Warren Buffet lent his name to BofA. i bought BofA when it was @ 6.55 and then it went even lower and i was sweating. Then Buffet made his announcement and just like that, i was sitting pretty. To those of us that invest, we know that Buffet did the same thing to Goldman Sachs during the first downturn and the shares did a bump and then slide another 30% before rebounding. What he did probably had nothing to do with the RV. He lent the Buffet brand to BofA in a time when it really needed it. He bought in when it was dirt cheap and unless the whole world implodes, BofA isn't going anywhere. He will make money on the sell on the back side, but he also has an exercise option to purchase BofA stock for the next 10 years at his present strike price, plus any dividends that are paid out. He really couldn't lose. P.S. BofA is currently trading at around a 80% to 90% discount, it's a long position no brainer. i'm just happy cause i actually directly benefited from it!

You are correct. The military are just people. A group of people who take that "dodgy oath" thing very, very seriously. A group of people that protect their brothers and sisters, mothers and fathers, and perfect strangers when they are asked to. The reason why this is the greatest country in the world is because of the people that took that "dodgy oath". So even if you can't stand every single member of congress or have personal grievance with the president, you suck it up and do what you are supposed to do.

When you join the military you swear an oath. i take that oath very seriously and so does every other member of the military that i know. For a soldier to desert his post because of a personal issue he has with Obama saddens me. While some may see it as a person standing up for what he believes in, i see it as a soldier disobeying a valid order. As long as you are a soldier, you are property of the United States government. Your personal beliefs do not matter. As long as you are not asked to break the moral code, you are to do what you are told, even if the end result is your death. Dereliction of duty and AWOL is a most serious crime and there are better ways for him to express his beliefs than to be part of the problem in an already stretched thin military.

You are correct in your rationale, and about the fact that this is speculative, but the only problem is that anyone who has studied finance and monetary policy knows that it is impossible to affect certain parts of the currency and not others in a situation like some "Guru's" have been saying. If there is an RD, it will be an RD across the board. If there is an RV, there will be an RV across the board. Without going to far in to hard currency co-existing with an electronic banking system making it impossible, a 1000 IQD note will be the same fraction of a 25,000 IQD note regardless of what happens because, once again, monetary policy affects every note equally. To the posters question: i believe that it is solely hype. If you have purchased $100,000 worth of IQD (about 105,000,000 IQD with discounts for large purchase) in various denominations and you have sold all of your large notes at exchange rate + (substantial) premium, you have created a business model. Now in any for-profit business model, increasing profits is the ultimate goal. How better to do this than to either create the ridiculous rumor that lower denoms may not be affected by the RD or cash-in windows, or capitalize on a rumor that popped up on it's own from some other vector. i trade currency regularly on the forex and have studied monetary policy in depth. i promise that there is absolutely no additional value in holding lower denoms. i also regularly perform transactions well in excess of $10,000 an have never had my assets frozen or anyone in a black suite knock at my door. Remember that while your frame of reference for what is large is one thing, There are a number of people routinely move millions of dollars of cash every day. Don't get suckered in. Buy from a bank if you can. If you can't buy from the dealer with the best premium to service ratio and sit on it.

Actually, if you look at my post and realize that i bought 6000 shares of BAC @ 6.52, you'll realize that as of this am, i was very, very right! Doing the happy dance this morning.

Dude, the sky may be falling, but look at it as your opportunity to grab and own your very own piece of the moon!

Good move! i am watching BofA very closely. i hate them with a passion, but they fell over 20% today and there is blood in the water regarding the dispute with AIG and the $10BIL that AIG feels it's owed. If the winds shift, i'll be all over that stock. As it is, i may buy a small put contract on them to see how it goes.

Really thinking about selling off half of my Dinar position and waiting for the market to bottom out and get in. If Gold gets much higher, i'm gonna sell it as well!

Thank's for the negative for voicing an opinion that's different than yours.

WAIT! This just in from Okie, the rate is $1168.1 to 1IQD. It's basically done. He told me that his Syrian contact cashed in. You can take that to the bank! But don't tell them i told you to when you get there, tell them Okie sent you for the "special rate"

Posts like this scare me because, while Lou Pritchet did indeed write a "You scare me letter" to the president, this is an even more embellished and derogatory one than the one he originally wrote. The great thing about this country is that he has the right to tell his opinion, and i have the right to say mine. i think that the author of this letter is incite-ful (and i don't mean visionary) and inflammatory. Everyone knows that to be taken seriously by educated readers and not just sheep, you need backup your opinions with factual material... i don't mean that in a disrespectful way to the poster, but rather to the person that has twisted the original letter, as well as the original author of the unaltered letter, Mr. Lou Pritchet.

Now there's a saying i haven't heard in a long while!

That they do, but where is the profit? If they make it, unless they plan on going to Iraq and living like kings, they would have to sell it. With most internet commerce crossing state or country lines you run the risk of having the FBI or CIA on your tail for a comparatively small return on investment (highest bill you could print would net you $21.78US).

Being Nigerian and going through the process, i am uniquely aware of what this article is stating. The problem is it matches Iraq. Note that reduction redenominations (because there are addition redenominations where the inflationary zeros are added) occur when economies correct inflation and are trying to step out on the world stage... Sound like a country that we all know? i've seen this before and it will happen again probably in China. Please stay positive, but don't ignore the information that is being offered. It is not being negative to say that we won't all become millionaires overnight, but simply see a tripling of our investment. i mean, that's an institutional investors wet dream!

You are correct in that there are a lot of dis similarities between Iraq and Turkey, Nigeria, Venezuela etc. in that we did not invade those countries, nor did we help reprint their money, nor did we have as large a military presence there. However, one country that does fit the bill is Germany. We did invade Germany, we did and do have a large military presence there, and we bombed their country to the middle ages and then helped them rebuild it. This could be a large part of why Germany is the most economically secure nation in the EU today. When the German emerged war torn and ravaged, they faced all the same things that Iraq faces. No, they don't have oil, but they had and have a huge service based economy and some companies like Volvo, Mercedes, Volkswagen, BMW, etc (and they don't just make high end cars) had financial obligations to attend to and the Reichsmark wasn't worth the paper it was printed on. They did a 10 to 1 conversion to the D-Mark and we implemented the Marshal Plan. What i'm saying is there are precedents for this and we have to accept that unless they discover a gold deposit equal to all of the gold in the known world it can't go where we want it to. If we use oil as our example, what happens if they flood the market with oil? The laws of supply and demand state that the price of oil would fall and if their currency is pegged to oil, so would it (plus the gcc would make life hard for them if they wanted to). So they have to find a sweet spot.

i respect your opinion, and i believe that all of your facts are correct. However, i look at it a different way. Look at China for example. The number 2 economy in the world is also highly nationalized and it's against the law for people to talk about the government. The point i'm trying to make is the political situation really doesn't matter for investors (other than the ethical ones). If there is greed, there is incentive to make your currency worth as much as possible to maximize purchasing power if we are following the example that Venezuela is keeping exports artificially low. While Iraq is not nationalized, we are still talking about apples to apples when it comes to us basing the RV on oil production.

i believe the point that Dinarck was trying to make was that Venezuela has similar oil exports and actually more natural resources and higher GDP than Iraq according to the IMF fact sheets. It Re denominated.

You are right. What people are assuming, and i'm inclined to agree with the asumption, is that if the dealers caught wind of an RV, they would stop selling immediately because the product that they were selling for $1220 today will now be worth $1 to $3 million(for example). They would stop selling and start cashing in their own Dinar.

Your statement is mostly valid. Most are making a killing. That doesn't necessarily mean that it is or isn't going to revalue. i bought my dinar from a bank and even with their markup i came out way better than buying from a broker. For a moment i thought about buy and selling Dinar, but i have way to much else going on to get involved into something that i think is semi-taking advantage of people. i beget no man or woman their profit, but this "investment" seems to prey on a certain type of person.

If i can find some for a really good deal i'm buying more. Truthfully think about it, there is a very high probability that there will be an appreciation of the IQD. It more than likely will not be the millions we all hoped for, but there will be an appreciation just the same. What investments have you been involved in that have the potential to (i believe based on documented statements of Saleh stating that they would like to get back to pre Saddam era values of the dinar) triple your money in a (hopefully) relatively short period of time? Yes it's still a gamble, but now that we are dealing with much more realistic numbers i am much more comfortable with it.

i know. Your avatar glorifies evil puppets. You should be ashamed! Lol.