Why with all the other choices that are currently available for a speculative buy would anyone want this bank? One reliable opportunity comes to my mind but certainly there is more. We are approaching a period in time where a well known successful trade is approaching. That would be the “January Effect” where beaten down equities from 2010 are being dumped for tax reasons and typically attract institutional money after the first of the year resulting in a rally. Before you think AIB is a January Effect stock, it’s not. True candidates for the rally by institutional money will be above $5 to begin with. Mutual funds are prohibited from buying any stock under $5. Hedge funds can buy at any price however. The greater pool of cash is held by mutual funds, not hedge funds at the end of the year.
Most successful January Effect companies are making money but out of favor, AIB is not and will not make any profit for years to come. There are many other characteristics of January Effect candidates but you get my drift.
So just satisfy my curiosity and tell me what I am missing about this bank that the current fans of AIB feel will cause this stock to rally after the New Year is ushered in.
Look mutual funds generally "won't" invest in a stock under $5, it's not that they "can't". Semantics people.
To answer the question for real, I went into AIB recently because a> the chart says the current news and expectations is priced in and b> anything positive, and the stock will rise. $2/share would give me a roughly 75% gain, so its worth the risk to see if like Citibank they can rise from the ashes.
I think, Fidel, you will impress readers here with your knowledge only when you cease to post messages here as though you were talking to your mother. I for one find you to be most callus and today's top candidate for the mental midget of the day award. Congratulations.
Hmm first it's they cannot buy under five bucks and now it's "not usually" after someone called your BS for what it is...bull$hit. Get a life old and and quit spreading fear for your own sadistic reasons. People like you $uck the life out of the real world and try and make everyone as miserable as they are...$ucks to be you a$$wipe.