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    All Forums | Investments

    Opinions please....certain stock

    ohiostatefootball
    Third_Eye
    BIGfnPOO
    gamble04
    wallstreetcappers
    Participants:
    Search
    Views: 573
    Posts: 7
     
    ohiostatefootball
    ohiostatefootball
    Prospect
    Participation Meter
    Joined: Jan, 2004
    Posts: 354
    Posted: Jan. 13, 2011 - 2:54 PM ET #1

    Ok here is the story..... I work for a pretty big company and alot of the guys at work are putting money into the Iraqi Denar Currency. Alot of people say this is some sort of scam and others think its going to hit big. I know you can get this stock for super cheap right now and was wondering if its worth it to gamble on this. I know after desert storm the kuwait currency blew up and many got rich,do you think this will happen to Iraq once things get all straightened out over there??? I know you can get 100k worth for 180 dollars. Its not something id go big on ,but is it even worth it even for a small investment?? Thanks and hope some respond to this.
    Reply
    To remove first post, remove entire topic.
    Ok here is the story..... I work for a pretty big company and alot of the guys at work are putting money into the Iraqi Denar Currency. Alot of people say this is some sort of scam and others think its going to hit big. I know you can get this stock for super cheap right now and was wondering if its worth it to gamble on this. I know after desert storm the kuwait currency blew up and many got rich,do you think this will happen to Iraq once things get all straightened out over there??? I know you can get 100k worth for 180 dollars. Its not something id go big on ,but is it even worth it even for a small investment?? Thanks and hope some respond to this.
     
    Third_Eye
    Third_Eye
    Prospect
    Participation Meter
    Joined: Jan, 2011
    Posts: 3
    Posted: Jan. 14, 2011 - 11:52 AM ET #2

    Quote Originally Posted by ohiostatefootball:

    Ok here is the story..... I work for a pretty big company and alot of the guys at work are putting money into the Iraqi Denar Currency. Alot of people say this is some sort of scam and others think its going to hit big. I know you can get this stock for super cheap right now and was wondering if its worth it to gamble on this. I know after desert storm the kuwait currency blew up and many got rich,do you think this will happen to Iraq once things get all straightened out over there??? I know you can get 100k worth for 180 dollars. Its not something id go big on ,but is it even worth it even for a small investment?? Thanks and hope some respond to this.

     

    Interesting... definitely going to look into it

    Reply

    Quote Originally Posted by ohiostatefootball:

    Ok here is the story..... I work for a pretty big company and alot of the guys at work are putting money into the Iraqi Denar Currency. Alot of people say this is some sort of scam and others think its going to hit big. I know you can get this stock for super cheap right now and was wondering if its worth it to gamble on this. I know after desert storm the kuwait currency blew up and many got rich,do you think this will happen to Iraq once things get all straightened out over there??? I know you can get 100k worth for 180 dollars. Its not something id go big on ,but is it even worth it even for a small investment?? Thanks and hope some respond to this.

     

    Interesting... definitely going to look into it

     
    BIGfnPOO
    BIGfnPOO
    MVP
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    Joined: Jun, 2006
    Posts: 18880
    Posted: Jan. 15, 2011 - 1:55 AM ET #3

    listen to a guy w a ged ...dont do it,...if u feel u have to get 100 worth  if 2000us make u a millionaire  be happy;....they gonna change to a new currency and u hold yr ass
    bigFnPOO
    Reply
    listen to a guy w a ged ...dont do it,...if u feel u have to get 100 worth  if 2000us make u a millionaire  be happy;....they gonna change to a new currency and u hold yr ass
     
    gamble04
    gamble04
    Veteran
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    Joined: Sep, 2001
    Posts: 4877
    Posted: Jan. 15, 2011 - 7:31 AM ET #4

    For 180 dollars its worth it.  No big deal even if you lose it all.  I just would not start investing your life savings or your entire salary into this.  If it does gain big it was definetly a great call.
    Reply
    For 180 dollars its worth it.  No big deal even if you lose it all.  I just would not start investing your life savings or your entire salary into this.  If it does gain big it was definetly a great call.
     
    wallstreetcappers
    wallstreetcappers
    Covers Linesmen
    Participation Meter
    Joined: Feb, 2003
    Posts: 58463
    Posted: Jan. 15, 2011 - 12:33 PM ET #5

    Odds are against it.

    I bought some on speculation before the Dinar got pegged, no way I could have known the IMF would peg it..that screwed the whole deal.

    Its in the hands of other people, the odds are high that they do a reverse split and issue a new currency which means you would have to somehow exchange the currency and get the new stuff if that happens.


    Reply
    Odds are against it.

    I bought some on speculation before the Dinar got pegged, no way I could have known the IMF would peg it..that screwed the whole deal.

    Its in the hands of other people, the odds are high that they do a reverse split and issue a new currency which means you would have to somehow exchange the currency and get the new stuff if that happens.


     
    BIGfnPOO
    BIGfnPOO
    MVP
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    Joined: Jun, 2006
    Posts: 18880
    Posted: Jan. 17, 2011 - 3:40 PM ET #6

    ditto
    bigFnPOO
    Reply
    ditto
     
     
    BIGfnPOO
    BIGfnPOO
    MVP
    Participation Meter
    Joined: Jun, 2006
    Posts: 18880
    Posted: Jan. 17, 2011 - 3:41 PM ET #7

    the bigger the fish the bigger the hook....be careful  smart people lose more$$ to cons then poor people $ for $
    bigFnPOO
    Reply
    the bigger the fish the bigger the hook....be careful  smart people lose more$$ to cons then poor people $ for $
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