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June 28, 2005
Understanding www.investorsiraq.com
I remain fascinated by this site. (http://www.investorsiraq.com/index.php)
Absolutely fascinated. I mean first I had no idea there really was a body of .... fools I suppose is the best way to put it, that were willing to put money into things like this.
A bunch of small time financially illiterate currency speculators. I suppose of the dot.com boom day trading mentality, I find it somewhere between attractive and pitiful their complete cluelessness as to the risks they are running. It's absolutely fascinating. Now, certainly there is a lot of posturing and so forth, but nevertheless some percentage of them have clearly actually gone and opened (long distance to be sure) Iraqi accounts to do petty ante speculation on a supposed revaluation of the Iraqi dinar (as well as get in on the ground floor of the supposed boom coming to Iraq).
I'm having a very hard time understanding how such delusions can be sustained, but they are indeed fascinating.
[Update, I urge those who like gory spectables to read the utterly confused postings on the Baghdad stock exchange. Here are people wanting to move into a highly illiquid, barely regulated emerging market and they don't even know how to understand share splits. It's fascinating. Truly fascinating.]
Posted by The Lounsbury at June 28, 2005 10:38 AM
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Jan-July 2005
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Comments
I feel it is unfair of you to group everyone thet frequents IIF into one group Mr collunsbury (spelling?). If I remember on your E-bay blog you mentioned you had also purchased dinars. It is an extremelly high risk investment probably with no outcome, I agree. But there is a slim possibility that it could appreciate. I hate the forum too with all the optimistic people and have been banned from it before also. But please don't group everyone together.
Posted by: bob at August 28, 2005 10:35 PM
E-Bay? I never go to E-Bay. You mean livejournal perhaps.
As a matter of fact, I have not purchased Iraqi dinars as the idea of speculating in actual physical currency is retarded. What I said was I had exposure to Iraqi risk, i.e. assets.
It may be unfair for me to group all together in the forum, but clearly the forum is dominated by fools and people who are taking advantage of fools. Very much like the old dot com day trading fora. All the signs are there that some people are frontrunning.
Posted by: The Lounsbury at August 29, 2005 11:23 AM
What an ass you are, here is a wakeup call for you, everyone plays the fool at onetime or another at something. Yes including you Mr. Ass.
Posted by: Manny at July 6, 2006 01:36 AM
Good lord, you people are dim. It took you a year to come by to whinge on about having been taken for a fool, you stupid git.
Posted by: The Lounsbury at July 6, 2006 03:21 AM
"Mr. Ass"
That's not even worth part marks.
Posted by: eerie ![[TypeKey Profile Page]](http://lounsbury.aqoul.com/nav-commenters.gif)
at July 6, 2006 05:35 AM
