Ireland - What a situation :O

[Doomberg]

(IPM) Irish Life & Permanent Group - Down 50%+ in 24 hours (government takeover imminent)
(BKIR) Bank Or Ireland - Down to €0.23 despite reaching €0.48 after the €90 billion bailout, has continued to fall.
(ALBK) Allied Irish Bank - Down to €0.18 after December part nationalisation, they are now looking for a buyer.

Recent stress tests have pushed Bank Of Ireland right down, they are the only main bank in Ireland who have not had a full government takeover... There is so much uncertainly, no big investors will of been buying for the last few weeks, although many day traders have been raping 5% bounces per day for weeks / months... This thursday they will be announcing where they stand... People are speculating it will be good and that BOI will not be nationalised and the government simply could not afford it anyway, not one paper has even mantioned that BOI may be fully nationalised.

Allied Irish Bank are in a sorry state, much worse than BOI and were higher than BOI is now a coupe of days ago, BOI are in a much stronger position and if they survive full nationalisation then they are set for recovery in my opinion, personally i think BOI is too big to be fully nationalised and end up like the rest of the Irish Banks, but i've held off buying as the SP is dropping like a stone.

Whats your views - bargain or avoid like the plague?

 

[Doomberg]

Amazing, just today BKIR has given day traders 2 chances to get 8% and another 4 chances to get between 4 and 5%... never seen anything like it, does no body trade bank shares here?

 

[brettus]

ummmmm. yours you c*nt?

 

[anley]

'Property, it can't go down'

What about Japan in the 1990s? Japan is not Ireland, it's different here (Ireland).

What about Hong Kong, they said the same but then prices dropped about 40% in the 1990s. Maybe, but Ireland's different, we've got immigration, we've got many first time buyers just waiting underneath, more properties are needed to fill the demand etc. Son, property here won't go down, it might go flat but this is the best investment around. Buy enough and you'll have a lovely retirement.

They say and said property here in the Uk can't go down either. Well, that's not proving to be the case and I reckon the big falls are ahead on the horizon. Good thing too, but for those that think ever rising property prices are good look at the paradox - they've bought the biggest global bust for nearly 100 years and it's NOT going to end anytime soon, regardless of what you've been told.

Still far too much of a debt overhang in most sectors which will take about a decade to work itself out of the system, and that means about 2017.

 

[Doomberg]

ummmmm. yours you c*nt?

What the hell are you talking about? Idiot, i try and make a post about something im interested in and get this!? Get lost.

How can ireland be 'my situation'

And fyi BKIR had a 38.41% increase today as i expected, and im not even holding

It was simply a post asking for views, negged! How dare you call me a cnut

EDIT: I cant neg on here so you got away lightly, but no need to be like that, you swine lol

 

[Doomberg]

'Property, it can't go down'

What about Japan in the 1990s? Japan is not Ireland, it's different here (Ireland).

What about Hong Kong, they said the same but then prices dropped about 40% in the 1990s. Maybe, but Ireland's different, we've got immigration, we've got many first time buyers just waiting underneath, more properties are needed to fill the demand etc. Son, property here won't go down, it might go flat but this is the best investment around. Buy enough and you'll have a lovely retirement.

They say and said property here in the Uk can't go down either. Well, that's not proving to be the case and I reckon the big falls are ahead on the horizon. Good thing too, but for those that think ever rising property prices are good look at the paradox - they've bought the biggest global bust for nearly 100 years and it's NOT going to end anytime soon, regardless of what you've been told.

Still far too much of a debt overhang in most sectors which will take about a decade to work itself out of the system, and that means about 2017.

Yes the property market is ruined over there.. a couple of friends have invested a lot over there with property and they are preparing for a big hit, people are expecting between a 40/50% drop in the near future, ouch.. what happened to irish charm lol

 

[meanreversion]

Your avatar is appropriate Doomberg, you talk about as much sense as Charlie Sheen.

 

[Doomberg]

Thanks, i don't claim to be at the highest level im only young but where have i not made sense?

Thanks for the warm welcome anyway mate

 

[meanreversion]

It's just drivel, especially the comment about the volatility in bank stocks offering easy gains for traders. Have you been making a cartload from day trading Irish bank stocks? If not, please be quiet.

 

[Doomberg]

How can it be drivel? Certain banks have been swinging between 5 & 10% on the day, fact.

BKIR have been offering these opportunities often more than once per day, and if you must
know swing trading bank shares is my main background in trading (look on my profile)

And cartload? Well depends what you mean by that, but often a 4 figure sum in a day, so im
not just talking drivel, so i don't know where you are coming from with this 'attack'

Especially considering i mentioned BKIR as a pun in the op and its up 47% today?

What is your issue?

 

[meanreversion]

So in summary, you're pointing out that Irish banking stocks are volatile.

Apparently John Lennon is dead as well.

 

[Martinghoul]

Doomberg, pls explain to me how the fact that they have been swinging 5 - 10% a day makes this into an "opportunity"? Moreover, do you understand how volatility works as the underlying assets starts trading closer to 0? Have you seen Fannie and Freddie?

 

[Doomberg]

So in summary, you're pointing out that Irish banking stocks are volatile.

Apparently John Lennon is dead as well.

Look i don't want to argue with any of you, im a young investor and im here to learn...

But im not stupid, the figures i mentioned yesterday to be released were released
yesterday at 4:30 close, and today there has been more than a 40% increase in the SP
all i wanted to do was discuss this, no hidden motives just wanted to share my views
and i get flamed and compared to Charlie Sheen (yes i know my av is him lol)

Anyway i don't want to get off on the wrong foot in here, im a good guy and simply
wanted to talk about an interest in a share in a general section in a share forum

But in effect what i said was right with what i said about BKIR after thursday

 

[Doomberg]

Doomberg, pls explain to me how the fact that they have been swinging 5 - 10% a day makes this into an "opportunity"? Moreover, do you understand how volatility works as the underlying assets starts trading closer to 0? Have you seen Fannie and Freddie?

Hey Marting i wasn't talking about buying as an investment, i was simply talking about buying at a daily low and selling at a daily high, yes its very risky but if you study BKIR its been incredibly easy to do this since the latter of last year, it has been literally a yo yo which is perfect for a quick few % here and there, im not a big trader compared to some but many of the bigger day traders will hate to see this share stabilise

 

[Martinghoul]

Hey Marting i wasn't talking about buying as an investment, i was simply talking about buying at a daily low and selling at a daily high, yes its very risky but if you study BKIR its been incredibly easy to do this since the latter of last year, it has been literally a yo yo which is perfect for a quick few % here and there, im not a big trader compared to some but many of the bigger day traders will hate to see this share stabilise

I know, but what exactly is your edge? What if you buy the daily low this morning and then BKIR gets fully nationalized?

You're a young guy and you're just looking at this, but don't be so naive. What if you did this "buy the low" lark sometime in 2010? Finally, do you personally know any "bigger day traders"? I don't...

 

[Doomberg]

Well my main edge (if i can call it that lol) has just been price action / resistance...

Im not trying to make out im an expert, i don't want to come across as a know it all as im far from it
i was simply insulted because 1st of all i say "i don't think BKIR will be nationalised so is it a good pun?"

Then it turns out its not fully nationalised, then we see 40%+ then i am called a cnut and compared
to Charlie Sheen, i just think it was a little off hand, and rude for people to say this when i was just
trying to do well, and ask advice at the same time.. nothing more nothing less

 

[forker]

Those poor people... It will take an entire generation to pay that back.. They would be better off leaving

 

[meanreversion]

Hey Marting i wasn't talking about buying as an investment, i was simply talking about buying at a daily low and selling at a daily high, yes its very risky but if you study BKIR its been incredibly easy to do this since the latter of last year, it has been literally a yo yo which is perfect for a quick few % here and there, im not a big trader compared to some but many of the bigger day traders will hate to see this share stabilise

"It's been incredibly easy to buy at the low and sell at the high ..... "

You're a pillock.

 

[Martinghoul]

Well my main edge (if i can call it that lol) has just been price action / resistance...

Im not trying to make out im an expert, i don't want to come across as a know it all as im far from it
i was simply insulted because 1st of all i say "i don't think BKIR will be nationalised so is it a good pun?"

Then it turns out its not fully nationalised, then we see 40%+ then i am called a cnut and compared
to Charlie Sheen, i just think it was a little off hand, and rude for people to say this when i was just
trying to do well, and ask advice at the same time.. nothing more nothing less

Well, I personally was a bit miffed that you think it's just that easy. I mean come on, dude... There are people sitting there doing serious analysis, spending a lot of time and effort to try and figure out what it all means. You come in and boldly pronounce that this is easy and a great opportunity with all the confidence of someone monstrously young and naive (no offense).

Anyways, be careful out there is all I'd say to you. If you see "easy" money, you're more likely to be the sucker than the mkt.

 

[Doomberg]

"It's been incredibly easy to buy at the low and sell at the high ..... "

You're a pillock.

Thanks for the good words, what a venomous person you are....

This was merely my opinion, and for me it has been (on that share)