IPM10 May 2010 17:50
Hi Humblepie . No , not a lot of people here , but that doesn't make it a bad share .
It's a very small Irish Bank / Insurance company that some analysts have a value of around 5 euro's on which is nearly double what it is at the moment .
Also did not receive any state aid so is still a very independent entity not answerable to the Irish Government or Europe like a lot of the other banks around .
I consider it's price movements a bit erratic at times and it can scare the **** out of you at times , but around these prices it has the potential to go to 3.10 , 3.20 or further very quickly .
And another plus is that Shorting is still banned in Ireland for the banks so there is no shorting pressure on this which make's it move different to the UK banks .
For this just wait until the price goes to 2.65 - 2.75 then buy and wait for it to go to some level between 3 -4 euros then sell . Guaranteed money ! imo !