TDurden Tuesday post about the ISX

TDurden TUesday post about the ISX



07/16/2013


I have seen a ton of people talking about the ISX going International and Electronic yesterday. What really disappoints me with the information that is coming out, is who it is coming from. Many of the "Gurus" have been around for a while and know that the ISX has been trading Electronically since April 19th 2009.

I know this because at that time, I as well as many others thought, how can they go electronic without an internationally tradeable currency. Well what we didn't realize is that they were just upgrading the systems to a Thompson Reuters system and were coming out of the stone ages.

As you probably read an article yesterday stating 5 stocks went live....Well they went live on April 19th 2009. If I remember correctly 3 were banks and 2 hotels. I think Warka went live 2 months later. There was also an article stating that the ISX was upgrading their systems to the Nasdaq system the middle of June 2014. I am telling you this because these are the facts and you deserve them.




As many of you who have known me over the years also know I get very frustrated with the daily BS. We have enough good news to not make stuff up and a lot of these guys know better.

I'm also telling you this because the difference between now and the past 6 years is, Iraq is out of Ch 7 and they do have to get their finances in order. Which means the currency does have to go International.

We also know that the Banks are ready. The currency has been run through the system for testing and everyone is waiting.

We also know large multi billion dollar companies are going into Iraq which they don't do without knowing what's to come. Take all that info and it also tells you the rate isn't going to start low and creep up. A Bank wouldn't get ready for pennies.

So out of all this, this is an investment. Do your homework and know what is really going on! And know that many of these "Gurus" don't know what they are talking about because they don't study and the others are just trying to keep you on their sites and calls.

But in closing, keep your head up because it really is an amazing part of history to watch even if it is a rollercoaster ride...... and we are close (Really!).

Oh and if someone has an article about the ISX going International yesterday please show me. Seriously because I have been looking all over the place. Thanks

Here is the 2009 Info.
http://usatoday30.usatoday.com/money/markets/2009-04-19-iraq-stock-exchange_N.htm
Here is the 2013 Info.
http://www.iraq-businessnews.com/2013/07/03/stock-exchange-upgrades-to-nasdaq-technology/

Love
Tdurden

True, but a low value is not a restriction on this. Vietnam's currency and stock market are traded internationally, and the Dong is worth far less than the Dinar. What is happening is good, make no mistake about that, but it is not in and of itself significant as a trigger to the RV.

I see one trigger ... the people in authority in Iraq getting together and deciding it's time.