Member Info for banktech

banktech was off for a well deserved(?) long weekend. And I tend to stay away from screens then. Missed some interesting price action, but upon my return all is back to where it was mid last week.. Indeed still tied up fully in other bad investments, so I can only hope (or better still know for a fact..) that ALBK and BKIR allow me to re-enter (big time) under EUR 2.00 before the run to EUR 3.00 kicks off.. Still have to read up on rubbish so see you later.

Had a quick glance at them (and "registered" as well). They appear to be very "unlive" to me for US equity (e.g. BAC or MSFT) but seem to do OK for London liquid stocks. Will not trade on their data yet, but wil spend some time validating their timeliness and correctnes in parallel with the data I trade off coming from other sources.

radar, "normally" big moves in larger players in the same sector indeed make the whole sector move in the same direction. We have however a different market right now. The fact that RBS disclose losses on bad loans and as a result their share price gets a hammering, means nothing for firms which have been in the spotlight because of bad loans for the past two years. AIB confessed their sins once more last week, with figures in the expected magnitude, and rightly so did not get hammered. I would not be surpised if bad news for the UK biggies results in positive interest in the "top-quality" Irish brothers, and players might reshuffle their portfolios accordingly.

2.95 is maybe a bit far fetched, but I tend to agree that the momentum is up and that 2.30 would be feasible, after a brief consolidation in the 2.00 - 2.15 range. Good luck to all.

I mentioned the race to 2.20 only yesterday, when BKIR was still ahead, and had really not anticipated it to be over already today. As posted before, I took my gains at 2.08. Respect for those who stayed on board till 10 cents higher... I'm still hanging on to my BKIRs from which I intend to part above 2.15. Don't know when that's gonna happen though.. I still like these two babies, as the roller coaster goes on and on without pause.. LP for ALBK when I write this is 2.1125 so that shows the volatility...

See ALBK quoted 2.08 - 2.09 with good volumes. I got out at 2.08 with a 30 cents plus in a few days. Might reenter if things settle a bit today. Also BKIR well up. ALBK indeed overtook BKIR in the race to 2.20, but the last mile to there might be full of obstacles.. About this discussion re. banks selling their loans to other players. That remains a zero sum game for the banks unless those other players are willing to pay more for them than NAMA. And NAMA is said to take the "long term view" on the collateral value behind them. It is unlikely that other investors are so friendly. My best bet is that such rumours are at best a neutral impulse for the share price of these banks. At worst they have a negative impact as the substance in the bank evaporates.

For the banks it does not matter if they sell their bad loans to NAMA or to another operator. The thing that counts is the price! I doubt the truth behind your story, as loans are not exactly the same as the collateral behind them. You only eize the collateral when the loan defaults. If players would be buying those properties, the seller would be in breach of the collateral pledge to is bank.

As long as you broke even, it's all right. There are always new opportunities out there. You saw me step out of BKIR last week at 1.98 only to re-enter at the same price this week. That's a few hundred bucks lost in stamp + commission, but those are for me really different trades in different markets. " Is this going to keep going up like today I wonder ?" Certainly not. This is the greatest roller coaster on earth with the main difference to the real thing being the fact that you are blindfolded and you have no clue what comes next. The next difference is that with the real thing you jump off there where you started. Here that came be dramatically different, way south or way north, dependent on random factors. Good luck.

That was rather silly, considering that you just bought back into ALBK yesterday if I remember well... 75% of my new and improved Irish financials holdings are ALBK (at 1.78) and 25% are BKIR (at 1.98) so today was still a decent day for me... Still waiting for better levels though, but nothing tanked and the sentiments seem positive (even for BKIR, which took indeed a bit of a break today...) Accountant: This share is traded in € rather than £ (not that it makes much of a difference anymore in this crazy world...)

Judging by the speed of ALBK today, it would not surprise me if ALBK hits the 2.20 finish line before BKIR this month! Saw ALBK traded at 1.89 earlier and BKIR is limping a bit around 1.93. Good luck to all...

driving that yellow ferrari... (MIles Davis) SexyMoose: we know what you've been up to: Secretly buying again 280'000 of these pearls off-exchange with your lotto gains... And then moaning that you're a bit down! Shows that bigger players are indeed back on these stocks (have better examples in BKIR of "dark pool trades" with a price above 2.00 today...) From the lse blotter: 4-Aug-09 / 17:02 / 1.72 / 226,000 / Buy / Trade Type: Delayed publication 4-Aug-09 / 16:35 / 1.71 / 54,089 / Sell / Trade Type: Uncrossing trade

You mean every brown envelope he receives from the establishment presumably... Now it's up to the populist press to ***** a bit about that all of this is in favour of the banks, and off we go to new highs... Cheers.

this is me, just after going long in any Irish bank... http://2.bp.blogspot.com/_wvQKw2wwGmw/SbNL2rjSmmI/AAAAAAAAAD0/S-QjdjrEbq8/S660/rollercoaster.jpg

Then we can sit this out together on the greatest roller coaster on earth... I just saw some scary large off-exchange ticket for BKIR just above 2.00 and then that stock got hammered down to 1.85 in the course of minutes.... See 1.68 right now for ALBK, so really hope the yanks come to the rescue later today..

Nah. I simply took the massive amount which I use for Irish punts and spread it out over the two tragic brothers. I do not have funds for a "top-up" though in case these guys tank, so I'll have to patiently wait it out this time. Sadly enough once more not a same day round trip, and I have come to terms with the situation that I sit longer on such positions now... Have good hopes that once the yanks wake up today, we'll move in positive territory again, as there is no reason for the car boot sale we just witnessed.

is the type of number one would have expected... That's where NAMA comes in and realises those losses at the transfer. And after that these banks start from scratch... We saw BKIR take a little jump to firmly above 2.00 (on the back of that one off-exchange trade at 2.10 reported yesterday after the close in Ldn...) . Would expect ALBK to follow, although a bit milder, today + tomorrow. I do not think that the Irish Supreme Court will do anything to frustrate the NAMA developments. Freezing Carrol's assets and placing his firms under auditor's supervision would be a transitional measure.

Was away for a few days (bank hols in Ireland). Moose: I picked up ALBK stock as I felt that tey are lagging behind compared to BKIR which I just had dumped just under 2.00. Read up in the Irish popuplist press over the weekend and think I did the right thing. Monday was as exepected a dead day for both and on Tuesday we will see the Irish punters back on the Market. The BKIR strange blip to 2.10 with an off exchange trade can be disregarded (althout the yanks take it serious!!!!). Would expect both BKIR and ALBK to pick up on Tuesday on the absence of bad press over the weekend (only some very poorly written junk in the Times on Sunday) and generally positive responses to the sketchy NAMA papaers. remember that I consider anything above 70 cents to the euro good news for the banks. That is the number the populist press is now quoting as " a good deal for the tax payer". Well it is not, but it is a good deal for the banks shareholders. read my lips.

Just picked up a large pack of ALBK at 1.78 ! Now hop to it and also get to 2.00 and above there! Just had an awkward episode with BKIR so will not touch those for a few days, but the push for both ought to be really upward!

The AIB watchers will be pleased to hear that 1.7575 is the last trade! Happy hunting...

They claim that this is a 200 page piece of legaleeeeeeze rubbish. The only interesting thing about the whole bloody NAMA transfer is the average price they pay for those bad loans. The trouble is that we only know that average price by the end of the year. Anything above 70 cents to the Euro is good to me, which still means that the banks write off 30 cents, but they can spread that loss out over the original duration of the loans and will probably need not too much fresh capital.. Until year-end we'll have the speculative roaler coaster moving for these stocks, which provides us with opportunities but also with massive risks..