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Stylinexpat wrote:DFM opens in the red again today.

But watch what people are doing and you'll get a better understanding of how people are making money.

it is now 10:30 30 mins after the open, Amlak's low for the day is 5.88 and the high is 6.00 or a difference of 2 %, people that bought and sold at the right time made that today.

Look at Tamweel 4.40 - 4.47, Du 6.89 - 7.06, watch the bounces and you'll see why people are still making money.

Making 2 % per trade and trading 5 times a day nets you a decent profit even after commissions. This is what people do in the market.

oh and it also reiterates my casino analogy. Now you choose are you betting on red or black hehehehe.

What do you all think about the DFM IPO?
As with any IPO its going to be majorly oversubscribed. Even if someone puts in 100,000 dhs worth of shares (minimum for non-UAE nationals), I doubt they'd get more than a 100 or so shares.

Expect trading to be even less for the next 2-3 weeks as everyones money will be put in for the IPO.

It is a tough call, I'm trying to decide whether to go or not, I'm guessing for every 100,000 you'll be lucky to get about 300 shares so like you say it isn't really even worth it. I guess we have 9 more days to decide.

ineedacoolnick wrote:What do you all think about the DFM IPO?
As with any IPO its going to be majorly oversubscribed. Even if someone puts in 100,000 dhs worth of shares (minimum for non-UAE nationals), I doubt they'd get more than a 100 or so shares.

Expect trading to be even less for the next 2-3 weeks as everyones money will be put in for the IPO.

I spent two days of going through Hell in the middle of the summer heat applying for an IPO that got listed in Abu Dhabi. Of the 500,000 Dhms. I had payed for the Subscription I was alocated a nasty 643 shares of Dana Gas shares. Will never do this again.

ineedacoolnick wrote:What do you all think about the DFM IPO?
As with any IPO its going to be majorly oversubscribed. Even if someone puts in 100,000 dhs worth of shares (minimum for non-UAE nationals), I doubt they'd get more than a 100 or so shares.

Expect trading to be even less for the next 2-3 weeks as everyones money will be put in for the IPO.

100,000! Dang, I don't think I'll even touch the local market. Let them shoot themselves in the foot.

gtmash wrote:

ineedacoolnick wrote:What do you all think about the DFM IPO?
As with any IPO its going to be majorly oversubscribed. Even if someone puts in 100,000 dhs worth of shares (minimum for non-UAE nationals), I doubt they'd get more than a 100 or so shares.

Expect trading to be even less for the next 2-3 weeks as everyones money will be put in for the IPO.

100,000! Dang, I don't think I'll even touch the local market. Let them shoot themselves in the foot.

That was the minimum for non-locals but the minimum was different depending on the Nationalities. Many Saudis got 5000+ shares and they only payed around 5000-25000 Dhms. I got screwed over along with many other Americans and Europeans. They sure know how to lure in foreign investors from America and Europe!

just a shameless plug, for share specific discussions you may also wish to visit.
http://www.dubaisharetalk.com/
(let them know fayz sent you, hahaha)

if you also speak/read arabic this is a much more active site.

www.uaesm.com

If you know any UAE nationals who work for Dubai Government or are retired...they can apply in the Preferred tranche - 15,000 shares, supposedly guranteed..
Ofcourse, if there are more than 26,226 (or some funny number like that), then it goes on a pro-rata basis.

That's what I wanted to do, but can't think of anyone I know whos retired or in Dxb Government , who isnt buying the shares for themselves!

Still opening in the red everyday. Apparently recently the local authorities have taken a very hard stance against working women and have had undercover police in street clothes placed outside of The Cyclone and they are randomly apprehending many women on a daily basis as they walk in or out of The Cyclone. Perhaps now the government thinks that many locals and tourists are spending their money on women or prostitution and since their is not much liquidity in the local economy these days they are taking it out on the working women in Dubai. The local economic situation in Dubai is not good these days as one can see from the economic side that there is not much liquidity among the expats in Dubai ( We won't mention the locals as we all know how the majority of them earn their money).

Stylinexpat wrote:( We won't mention the locals as we all know how the majority of them earn their money).

We do?
How please?

ineedacoolnick wrote:

Stylinexpat wrote:( We won't mention the locals as we all know how the majority of them earn their money).

We do?
How please?

Well for a start, all of them usually get pardoned within a year for their crimes commited and over 85% of the crimes commited by locals are financially related. The same crooks conning foreign expats in Dubai are usually pardoned only to commit more crimes. A perfect example of a local crook who was recently set free again can be seen at
www.dubaicheckfraud.com

yo people, look for other types of investments,,, ur talking about stocks in uae, come on people, we all know that people there dont have a clue on what they're doing, they just buy and hold and pump in more money, properties will fall soon, i say 2007 2008 when all these huge towers are done, supplying at high prices with a lot less demand, any way, im a forex and gold bullion trader, i know u all people think its a market where u cant make any money, ive been in this business for 3 years now and im absolutely convinced about it, people loss coz they r EMOTIONAL ABOUT IT!!!! stop doing that ull make more than what u can ever imagine, and u dont have to put in that much money as in stocks or properties, pm me for further infos, or raziha@yahoo.com ....

I'm very happy that the market manged to hold 3 days of recovery so far. I hope that when the Market opens on Sunday it continues its gains rather then fli a u-turn and head back the other way! Since I own a lot of Tamweel shares I'm very happy of their announcement to issue share-holders 10% cash dividend. I assume though they will issue their didvidend based on the issuing price of 1 Dhm. Since they did not mention it, this is what it must be. I can not read Arabic nor write. If someone here could read and be helpful enough to translate for me, I would be very greatful and thankful.
http://www.dfm.ae/dfm/Uploads/Disclosur ... _12_06.jpg

now i gots no idea on how stocks trade .. rise an plumet an all that ....


but even a dumb ass nigga like me know's that the uae stock market is as fake as it can get ... i mean common pls someone explain to me how will the stocks of a company like etisalat drop .. without no competition????????

or how will emmar stocks drop and rise ???? due to what ??? first of all why they even got stock's??? claimin what?? ... i mean if the dollar drop aint everythin in this country suppose to drop aswell ... since the uae has made there currency an economy be attached an run by the dollar..


its all a massive gimmick ... an couple of nigga's that is makin money of it .. are fueling the gimmick ... but we all know wat da deal be.

Jamal wrote:now i gots no idea on how stocks trade .. rise an plumet an all that ....


but even a dumb a#s nigga like me know's that the uae stock market is as fake as it can get ... i mean common pls someone explain to me how will the stocks of a company like etisalat drop .. without no competition????????

or how will emmar stocks drop and rise ???? due to what ??? first of all why they even got stock's??? claimin what?? ... i mean if the dollar drop aint everythin in this country suppose to drop aswell ... since the uae has made there currency an economy be attached an run by the dollar..


its all a massive gimmick ... an couple of nigga's that is makin money of it .. are fueling the gimmick ... but we all know wat da deal be.

Emaar raises some of its money through the stock market by insider trading because had this been not true then Emmar would be declaring how much stocks they own and when they buy and sell. Most companies in New York that are listed on Nasdaq tell you who owns what and how much along with if they were going to sell any of their shares. This doesn't happen in Dubai. Etisalat has no competition and practices a monopoly which is against Islamic rules. It is against Islamic rules to hold a monopoly and over charge consumers. Etisalat charges more then double to triple of what others do in other countries but they have no competition so they could do so in a Halal way that is. I too would have this great vision if I had all this income in the Emirates from the Monopoly of property,Telecommunication,gas & oil, infrastructure along with all the other things one can think of.

Stylinexpat wrote:

Jamal wrote:now i gots no idea on how stocks trade .. rise an plumet an all that ....


but even a dumb a#s nigga like me know's that the uae stock market is as fake as it can get ... i mean common pls someone explain to me how will the stocks of a company like etisalat drop .. without no competition????????

or how will emmar stocks drop and rise ???? due to what ??? first of all why they even got stock's??? claimin what?? ... i mean if the dollar drop aint everythin in this country suppose to drop aswell ... since the uae has made there currency an economy be attached an run by the dollar..


its all a massive gimmick ... an couple of nigga's that is makin money of it .. are fueling the gimmick ... but we all know wat da deal be.

Emaar raises some of its money through the stock market by insider trading because had this been not true then Emmar would be declaring how much stocks they own and when they buy and sell. Most companies in New York that are listed on Nasdaq tell you who owns what and how much along with if they were going to sell any of their shares. This doesn't happen in Dubai. Etisalat has no competition and practices a monopoly which is against Islamic rules. It is against Islamic rules to hold a monopoly and over charge consumers. Etisalat charges more then double to triple of what others do in other countries but they have no competition so they could do so in a Halal way that is. I too would have this great vision if I had all this income in the Emirates from the Monopoly of property,Telecommunication,gas & oil, infrastructure along with all the other things one can think of.

What about Du???

Du gets their line from Etisalat

Stylinexpat wrote:Du gets their line from Etisalat

Still competition, and if you will notice Etisalat has started to drop some of their prices.

sage & onion wrote:

Stylinexpat wrote:Du gets their line from Etisalat

Still competition, and if you will notice Etisalat has started to drop some of their prices.

True but very minimal at best.

Stylinexpat wrote:

sage & onion wrote:

Stylinexpat wrote:Du gets their line from Etisalat

Still competition, and if you will notice Etisalat has started to drop some of their prices.

True but very minimal at best.

When I first took an Al Shamil line it was 300 now it is 90, that's not bad

Like I had said before was that people in the Emirates don't have much spare cash to throw around which can easily be seen from this last stock market crash. The maket has been unable to recover due to the fact that there is little disposable cash..

http://www.khaleejtimes.com/DisplayArti ... n=business

It's very little to do with disposable cash. Disposable cash is only useful for a stock market to sustain stock prices above what they are worth - as happened last year.

The reason the stock market hasn't recovered to last year's levels is that the stocks weren't worth that much. Stocks are prices essentially on the asset base and future cash flow of a company and find their right level when there's only really big institutions in the market. What happened last year was too many amateurs pushing up the prices and then getting their fingers burned.

Part of my job is to value companies, there seems to be some unddervalued stocks at the moment but most I've seen are about right or even overpriced.

scott you might find this website interesting: www.sharewadi.com

scot1870 wrote:What happened last year was too many amateurs pushing up the prices and then getting their fingers burned.

Yes, but they're all too quick to blame the Emiratees for this aren't they. FWIW, Emiratees lost a lot of money too on the exchange.

scot1870 wrote:
Part of my job is to value companies, there seems to be some unddervalued stocks at the moment ....

Please, would you share with us here the names of the undervalued ones.

sage & onion wrote:

Stylinexpat wrote:Du gets their line from Etisalat

Still competition, and if you will notice Etisalat has started to drop some of their prices.

I disagree here s&o

The whole Du-be-do thing is a very clever piece of marketing, but it's not competition.

They come across as an upward new brand allowing users freedom and expression, young and vibrant and full of innovation. Bill boards of people welcoming rain from the skys - number porting, faster services etc etc.

Meanwhile Etisalat pocket a huge share of the du's profits and get to regulate the industrys capital without appearing as a monopoly.

Lot's of buisnesses do this in a free market - you buy up the competition price down and kill all the others off. The main difference here is that they have created their own competition to save any risks of being undercut and priced out.

jabbajabba wrote:

sage & onion wrote:

Stylinexpat wrote:Du gets their line from Etisalat

Still competition, and if you will notice Etisalat has started to drop some of their prices.

I disagree here s&o

The whole Du-be-do thing is a very clever piece of marketing, but it's not competition.

They come across as an upward new brand allowing users freedom and expression, young and vibrant and full of innovation. Bill boards of people welcoming rain from the skys - number porting, faster services etc etc.

Meanwhile Etisalat pocket a huge share of the du's profits and get to regulate the industrys capital without appearing as a monopoly.

Lot's of buisnesses do this in a free market - you buy up the competition price down and kill all the others off. The main difference here is that they have created their own competition to save any risks of being undercut and priced out.

JJ, I will save any further comment until they actually start, one thing I know is that the quality of telephony from Sahm & DIC is real lousy

jabbajabba wrote:

sage & onion wrote:

Stylinexpat wrote:Du gets their line from Etisalat

Still competition, and if you will notice Etisalat has started to drop some of their prices.

I disagree here s&o

The whole Du-be-do thing is a very clever piece of marketing, but it's not competition.

They come across as an upward new brand allowing users freedom and expression, young and vibrant and full of innovation. Bill boards of people welcoming rain from the skys - number porting, faster services etc etc.

Meanwhile Etisalat pocket a huge share of the du's profits and get to regulate the industrys capital without appearing as a monopoly.

Lot's of buisnesses do this in a free market - you buy up the competition price down and kill all the others off. The main difference here is that they have created their own competition to save any risks of being undercut and priced out.

Monopoly as usual Keep the money in the family.