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What to do with my 500 points in IRE?

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June 12, 2009 – Comments (9) | RELATED TICKERS: IRE

This is more of a Poll, then a call for investment advice, though i would certainly appreciate real advice.

I have a 500 charm in IRE. It sits now at 12.63. I got in at 1.98. The 52 week high is 44+, and where it may take a LONG time to get back in there, IF THEY SURFACE THIS CRISIS AS A GOOD BANK, they could eventually MAYBE even break that in 5 years.  ?  

   So where it is a great idea to lock in some profit, i wonder, what are the chances of IRE going below 1.98? Pretty slim? 

   Right now i am in compounding heaven. If the stock moves a dollar i get about 50 points or so. If it goes to $25 i could make about 1,200 more points, for a total of 1,800   ?  (yes i know that's simplistic and wrong) . This stock could net me THOUSANDS of points. But what if it tracks all the way down and then stalls or whatever?

   Should IRE be my hope forever hold stock?

-solaris

9 Comments – Post Your Own

#1) On June 12, 2009 at 11:24 AM, TMFBabo (100.00) wrote:

I don't follow AIB and IRE so I don't know the details about these Irish banks, but if you're pretty sure it'll keep going up, I'd let it ride.  Like you said, each dollar is a boatload of points.  I plan on keeping a few of mine open and doing the same. 

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#2) On June 12, 2009 at 12:12 PM, devoish (98.57) wrote:

In CAPS I would keep the lowest start price possible and keep it.

In RL I would re-evaluate whatever made me buy it to begin with.

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#3) On June 12, 2009 at 12:23 PM, DEALWITHTHEDAY (56.70) wrote:

I own both but I do not have 500 points on either.

In their glory days AIB was a 50 to 60 dollar stock. IRE was an 80 to 90 dollar stock. With out being able to really read the tea leaf I cut bot with a 60% to 70% loss. Even at 80% they have a little be of up room.

This is for money. Caps is another issue. devoish said it.

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#4) On June 12, 2009 at 12:48 PM, nottheSEC (79.39) wrote:

CONGRATS! Hopefully you did this in real life. Sell now and cash the points.If you have conviction in the stock re-up.From my understanding of Caps all picks go to your culmalative total.

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#5) On June 12, 2009 at 12:53 PM, MattH42004 (30.36) wrote:

In CAPS start price is king. Unless you think it has a chance to go all the way back down I would keep it.

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#6) On June 12, 2009 at 12:58 PM, nottheSEC (79.39) wrote:

How is the start price king capwise? Say

If you trade in and out of something 3X sucessfully for 50% OR you are up 50% for 1 pick

Wouldn't the former improve your accuracy and have the same result points

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#7) On June 12, 2009 at 1:02 PM, JakilaTheHun (99.94) wrote:

I'm with devoish. 

The "start price" method of estimating gains is yet another flaw in the CAPS methodology and it's one that will become more apparent over time. 

That said, rules are rules.  I'd let it ride on here; sell in real life.

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#8) On June 12, 2009 at 1:09 PM, AllStarPortfolio (24.03) wrote:

Start price is king because at $50 if the price of IRE was to increase 4% it would equate to a 100 point gain. If it reaches $100 five years from now, every 2% would equal a 100 point gain.

   If i get in and out, i have the chance of picking wrong, and losing gained points. There are thousands of stocks to work an accuracy score upward with.

? right ?

-solaris

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#9) On June 12, 2009 at 2:28 PM, TMFBabo (100.00) wrote:

I just looked, and you started IRE at $1.98, which is incredibly low.  I would defintiely let it ride.  Personally, my starting price for IRE wasn't all that low, so I got some points and got out.  I didn't even want to own it a long time in CAPS! Like others have said, I wouldn't touch IRE with a 10 foot pole in real life.

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