In the past I have seen stocks fall to unheard lows and then recuperate.. In 2008 I remember seeing AIG insurance at. 0.40 cents per share, then the govt entered and gave them a rescue package, sure there have been some reverse stock splits but it is now at $55; then there was Citicorp for sale at $1 a share, at about the same time as aig : I bought citibank, it also went through reverse split and is similar to aig; another one I bought into about 15 yrs ago was Lockheed Martin; selling at $19 ; I sold at $55; it is now $176 share.. I picked boi & aib because of the same instinct; my reasoning when I bought boi & aib was that both banks are traditional institutions, historic, very important for the govt; & govt would never allow these institutions to fail, just like the U.S. Govt would never allow Lockheed , aig, Citibank to fail... Some institutions are too important to allow failure... Both boi and aib are long term stocks, just patience, they are both out of the hole & profitable ..
Can you believe it, after where we were a a few years ago ireland can now borrow 2 year money at 0.004%. It was -0.004 this morning. Investors were actually paying ireland to take money from them?????? Have we suddenly become the Germany of Europe?
Aib are going to take advantage of the situation and sell junior bonds next week.
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