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AndreylikesMTL (97.84)

HUGE BUY Irish Banks AIB and IRE are on the move UP



December 03, 2009 – Comments (10) | RELATED TICKERS: AIBYY , IRE , MTL


Here is my Christmas List,

Not as long as Ultralongs but still should be very useful.


AIB today has traded under $5 (my target 15-20) for two (2) ordinary shares


IRE today has traded just above $10 (my target 30-40) for four (4) ordinary shares



Ho ho ho every one!

PS These two are 50% of my real portfolio.

10 Comments – Post Your Own

#1) On December 03, 2009 at 7:52 PM, Kevman24 (94.25) wrote:

Can u tell us why? I'm pretty curious now haha

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#2) On December 03, 2009 at 10:47 PM, AndreylikesMTL (97.84) wrote:

1. Sales of these two banks, divided by market cap. Are roughly 10 times bigger than BAC_ for example.

2. Very small institutional exposure 2 and 1%. When mutual fund will start buying them, they will explode.

3. They both lost 50% in last correction 5-6weeks ago, and just last few sessions, started to go up.

4. Intuition

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#3) On December 03, 2009 at 10:59 PM, Teacherman1 (62.60) wrote:

What effect will the NAMA buyout have on them? They will be taking about a 30% haircut on the loans they sell, and will likely have to raise additional capital.

I own them also, but they constitute only about 7% of my portfolio.

I also think they are great long term plays with good upside, but think there is a lot more to the story then you have told.

JMO and worth exactly what I am charging for it. 

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#4) On December 04, 2009 at 6:01 PM, starbucks4ever (98.80) wrote:

Why do you like REV? Looks like a very strange stock to buy...

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#5) On December 04, 2009 at 9:13 PM, AndreylikesMTL (97.84) wrote:

It is moving up, and very resistant to sell-offs. Those only reasons.

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#6) On December 06, 2009 at 10:41 AM, TigerPackFund (< 20) wrote:

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#7) On December 22, 2009 at 11:29 PM, Mrpresident77 (< 20) wrote:

I have been following AIB and watched it go from .84 to $10 and right back down, i pulled some money, but now i'm loading up at $3. It is ridiculously irresistable when the book value says $37 and it has over $6 in cash, yet selling for $3, i hope to finally prosper because i'm a young investor just learning, what does everyone else think about it's book value? It is i believe the largest bank in Ireland and the government plans on making a new bank just to take all their banks bad debt? That's the deal of a lifetime. Or am i wrong?

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#8) On December 23, 2009 at 6:55 PM, AndreylikesMTL (97.84) wrote:

I think the same way you are thinking.


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#9) On September 09, 2010 at 11:50 PM, baselineace (78.83) wrote:

Still holding this one, Andrey?

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#10) On September 10, 2010 at 11:34 AM, starbucks4ever (98.80) wrote:

They are still good stocks to hold, unlike MTL. They will go up, and maybe even soon.

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