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there's simply nothing new to discuss and most punters I am familiar with are long already and licking their unrealised wounds... maybe Stupid will show up again with some grand forecasts...

Yeah. That's right. we all huddle cosilly in the BKIR page, but most of us trade both Irish disasters. Subject matter very similar, same news and events driving the two etc. Join up there again... Cheers.

Quote: "The equity market Investors have previously signalled strong interest in participating in a recapitalisation " This is newspeak for: "We intend to go for a rights issue or an outright sale of new shares as soon as we can. We do not give a damn about existing shareholders, so let their share be dilluted. As long as we can keep our bloated operation going and as long as our paychecks can rise again to normal 1'000'000 + packages."

These stocks provide ample intraday entry and exit points today. Buy at a dip and sell 15 cents higher... Until it all goes wrong.... Most players involved in Irish banks chat at the BKIR page on this site, so join over there. Have to warn you: this is all about Irish crazyness, and you have to be alert for strange Irishness in the government and the press...

Wake up. You all face the risk that this ALBK blog gets active again, as I and some others in this site are toying with punting on AIB again! More on this on Monday!

SexyMoose. Good approach to put in a limit sell order and then let it go. I hope you get the price you put in there, as I am still not optimistic about the sustainability of current levels.... Good luck.

A close at 2.36 ! You are a rich man now, so you bring champagne to our Onions & Eggs party ! You can also bring your new friend satti who is rich as well now. The moose with balls of steel.... Who would have thought that? Well done so far, but you know my deeeper thoughts on all of this from the BKIR board... Good luck and make sure that you come out of this one with a profit!

Good morning to you as well. mmmm, if even the recent move does not bring you royally in the plus, you might have a problemo. I personally do not see this move higher this week on the back of the seriously damaging press (the leading economists letter to the govt.) which you no doubt have seen as well (link on BKIR blog). I still see a last trade of 2.3550 so AIB has not plummeted yet... If you have balls of steel you hang it and see what happens. Good luck with that.

Good man moose. Did you realise any of your ill gotten gains yet? 2.34 sounds like even you would have raked it in (assuming your entered in the low 2.10s...) Happy huunting!

Close at 2.20 today. You are again earning 2 cents on top of yesterdays whooping p/l. You do that ten times in a row and your are talking real money!

Thanks for asking about the tech stock. No I had sell orders in on friday and today at levels which should at least return a minor profit, but they were nibbled at but not matched. I have an awful lot of cash riding on that punt and I need to come out with a profit before I do anything else. The Irish brothers have been nicely waiting for me in their holding pattern, so with a bit of luck I can get rid of my other position and then join the party again tomorrow... My first punt in this area will most likely be BKIR again, and that board on lse is also where I post most of my views on the brothers. Good luck with your ALBKs. I do not see them jump, but maybe they will see new intraday highs this week.

Close today at 2.18 today, Moose. You should be breaking even or better on your punt. ALBK holds a tad stronger than BKIR to my surprise.

You read me wrong: I am not interested in buying ALBK cheap. I am interested in buying BKIR cheap as I think that the quality is better there (this month). I'll vote for you when you run ! (ok, don't have Irish citizenship, but I'm sure you can fix that as well for that event). If all those Irish banks are so in love with Caroll, why don't they take over ACC's loans? That way ACC stops pestering this Island, and they can move on clumsily by themselves. ALBK just closed at 2.10, so you gained a whole cent since yesterday. Well done. Have a great weekend all.

And what makes you say that? You know something which you did not share with us? The only thing which will bring this shareprice up properly is better financial forecasts for AIB, and I have not seen any of that..... Good fun day-trading it sometimes though .....

Moose, I hope you got out by now at break even or even with a small profit.. The likelyhood of this climbing much further today is pretty low..

And then the Irish blame the greedy banks for all their mortgage related problems? The closet socialist now outs himself as a white colar fraude. That's better, I like that! Keep on going Moose, Why don't you run for Taioseach? Then you can be quoted in the Phoenix magazine, saying things such as "Well, I remember a donation for the party in a suitcase, but I really would not know if this was Punts or Sterling. I also do not remember at which bank I lodged that suitcase... " You might even get your own page there titled "Diaries of a Graignamanagh Taioseach".

Grand idea Moose. We get the Irishaccountant (does not matter if he is a Finance Director or a Floorsweeping Director) to value the derivatives of Anglo, ALBK and BKIR and the little brothers and sisters. Then: 1) he rakes it in, as such contracts tend to overpay. (appologies for the child with calculator reference, accountant...) 2) he provides us with inside info which we can trade on (this board is ibscure enough as a medium I'd say) 3) and then we all go for holidays on Bali where we drink gallons of long island iced-tea

Your link only tells me that the NTMA wants to appoint a "derivatives valuation firm" to price the derivatives which are part of the banks bad loan structures. Typically Irish: Hiring expensive hired guns to do some one-off calculus a child with a school pocket calculator could do.. These banks probably hasve some interest rate swaps and very maybe some optionalities in their loans, but nothing sophisticated as they are not sophisticated) I cannot imagine why NTMA (who are supposed to be financially astute themselves) needs to waste your tax payers money on this. Now I understand why you turned green! I probably would if I paid tax in Ireland. The reuters article itself has zero news value.

1) Moose, you start sounding like a closet socialist rather than a punter in financial markets. In the case of the tragic Irish brothers, what is bad for the tax payer is good for the short term investor and the other way around. I take it that the players on this board do not care too much about the Irish tax payer, as long as they can write a quick profit on a high risk punt. 2) Moose, as a contrarian in these markets you buy when others are selling and you sell when others are buying... You do this sometimes when your own research or analysis or gutfeel tells you that the masses are wrong. 3) The tragic brothers closed happily in the 2.02 space, so I guess we'll have to wait till I enter the game again for more action! Maybe tomorrow, if I can get my money back on something else. You know what happens when I tell the world that I have bought this stuff: First the market goes down heavily. That make me sick. Then the market recovers earliest a few days later. And then I normally sell too early, still with a profit, but often missing out on 10 important cents.

Just read up on the tsunami of especially Irish press on the recent action. Basically the fact that the Candians express an interest is nothing more than a confirmation of what all the punters in this blog always "knew": These banks are attractive for the reason that the tax payer bails them out, and after a bit of cost cutting (sackings) and reorganisation they will be able to operate as normal banks again. Profits to be expected again in a year or two.. The whole trick for us small punters is the timing of positions. You cannot put a proper valuation up for these banks, so you have to play the populist sentiments (and sometimes have the guts to be a contrarian). Understanding the Irish seems imperative: Their populist press is one thing, their politics (and incestuous relationships between business and politics) an entirely different world.