...I would be sleepless at night worrying about placing any type of investment in this bank; surprised that Ross would take a risk in Cyprus ...sometimes it is better to have a lazy portfolio~ little trading, long term , just hang in there.....wish him good luck...
..this was a symbol traded in the nyse for AIB; 10 units per share; AIB bought out all of these shares which were part of the 0.002 shares traded out there in the market this past summer; there was a considerable amount of these shares out there in open market; AIB would now a considerable portion of the .002 shares that were available in open market...
I had a whisper but didn't know how it would affect SP. Got my answer today anyway. I have already invested as much as I am willing to risk as it is. I just needed to know if it could have an adverse affect on SP.
P.S. I suggested that an investment group might be interested in investing in a certain Irish bank about two months ago. Not trying to be coy here by not saying name. I dont want to get in trouble. Anyway I heard yesterday that there is interest in Irish "Banks" at the moment. And not just a curious interest, active negotiations. And not just one bank and not just distressed banks. But no mention of a takeover.
I am happy to still be invested in this bank however as I think it has good prospects. I feel sorry now for Irish _Bob who sold out at 0.298 cents.
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