One thing for sure it's a pointless exercise trying to predicted the day to day, week to week movement of this stock.. The share price bkir is totally detached from the company boi. There was no news that negatively impacts boi this evening warranting a 4% drop. As a matter of fact, the few bits of news will be a long term positive for the bank if anything. Confirmation that the US is continuing to improve is good news for ireland and boi. Oil continues to fall in price which isn't going to do us any harm here (or in Europe) either. The euro at less than 1.20 and not the 1.40 it was at a few months ago is also a boost and one that has a ways to go yet. The court verdict on the legality of bond buying is the last step on the long road to qe. I believe There will be qe jn Europe, perhaps a watered down version, but the ecb will put 1 trillion into the system in the end. It probably won't be enough but it won't do any harm either.
At some point down the road, bkir will catch up with boi. It's just a matter of time. As always with this share its not going to happen without the odd bump along the way but I have absolutely no doubt this will come good. In the mean time it might be better to stop worrying to much over every bump and take the opportunities that present themselves.
luckily i sold santander when it was at 7.30 around four weeks ago or so
i did buy into the ishares european bank etf today however when it was down near the lows of the day , santander is the largest contingent in that fund @ 18%
im very worried about citi group at the moment , its down 11% in less than ten trading days , i have always made nice money on this share but i suspect it is heavily exposed to the energy sector as its fall is quite dramatic and out of the blue
i bought commerical property in the past month and need to liquidate 60% of my portfolio , looks like i will have to sell bank of ireland at a loss as its trend is awful ( especially the ADR ) . .24 is looking more likely in the short term than .34
The market is a shark-pit at the moment. I am down about 21% in BKIR shares alone. I am going to have to hold on for the ride. I do think they will recover. I recently bought into COP. I wasn't going to do a double initially but I decided to push the boat out. So now I think I have to change my handle to Ramerci138. Anyway, my friends think I am nuts investing in an oil and gas company with oil prices going down the way they are. But the way I see it as of today is that my banker is dropping fast while my high risk high return stock is rising. And do you know what? On paper my bank losses are nearly covered by my COP rise. COP is another Irish company by the way, they are listed on the London stock exchange. I swear I didn't know that when I started to look at them. High risk though, not everyone's cup of tea. Lost of good news lately. Anyway I have spent most of my time chastising the contributes to the COP discussion board. Because I see them making the same assumptions that I made when I started to interpret information. Anyway I now post about once-twice per day. I have kind of lost interest in investment at the moment. I find all of the looking at computer screen's very tiring on my eyes. We didn't get the grant for the school in the end. We can make another application in summer.
Got creamed on Banco Santander today...this FKIR didn't help...not impressed with the share issue and it can only deteriorate further next week ex-divi...lot of income investors going to exit as a result of the new dividend regime even if it is good news for long term value investing
totally agree with last post, no wonder maggie told eu to stick their euro where the sun doint shine, The whole euro project is a tool for germany-france to gain power without firing a single shot, Personally would like to see Ireland exit the euro and go back to the punt-pound peg.
the germans idea of reform is complete fiscal union which means a complete loss of budgetary independence of other european states , that is not going to happen for years so germany will settle for a policy of controlled strangellation
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