the message board for Dubai English speaking community
fayz wrote:...An active place where people can discuss stocks and trading strategies for the Dubai and Doha markets would be ideal. It seems very difficult to get information on these markets and I feel there is still some potential left to make coin although I don’t think it’ll be as profitable as in the past couple years....
sabiqoon wrote:fayz wrote:...An active place where people can discuss stocks and trading strategies for the Dubai and Doha markets would be ideal. It seems very difficult to get information on these markets and I feel there is still some potential left to make coin although I don’t think it’ll be as profitable as in the past couple years....
Fayz, DFM closed at 611 today. Emaar, the benchmark stock, has slipped below 15 intraday. I think chaos caused by the bursting of bubble at the Saudi bourse is spilling over to DFM and other regional stock markets. I feel if I buy and hold, say 50000 Tabreed at 3.35 (today's close at lower circuit breaker) and hold it for 6 to 10 months, I may be able to make 100K dirhams.
Fayz, please correct me if I am wrong in my perception. Please share here what do you think of the current low levels at DFM: an opportunity for bargain hunters or a beginning of the end. Also, do you have any idea where can I get EPS for Tabreed and other companies?
Thanks.
fayz wrote:thank you, but no a person with great timing sense would have held on longer and sold around 17.50 make a nice 15% after commision return in the day and taken the week off , and historically i've made a lot of mistakes as well. today i'm sitting on the sidelines, as i don't see anything worthwhile.
for that forum website, i think it is Arabic only but if you wish you can use an Arabic to English translator, i find this one probably one of the best (http://www.systranbox.com/systran/box) although it has a lot of problems as well. I don't know of any English forums for the DFM. Coming down to the exchange is a good idea here though but if you see a bunch of people clapping and cheering, guaranteed the stock is going to fall.
Good luck and keep us posted on how things go
fayz wrote:Secret or anyone else can you please help me out. I'm looking for a blog or a forum specific to the stock exchanges in the region; DFM, ADSM, DSM, BSE, etc. there are websites in Arabic but unfortunately I can't read them.
An active place where people can discuss stocks and trading strategies for the Dubai and Doha markets would be ideal. It seems very difficult to get information on these markets and I feel there is still some potential left to make coin although I don’t think it’ll be as profitable as in the past couple years.
Any tidbits you can throw my way are appreciated.
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