This is an expensive stock to hedge. Checking Portfolio Armor just now ( http://portfolioarmor.com/ ) using the optimal put options, it would cost 12.7% of your position value to hedge against a greater-than-25% loss in AIB over the next 6 months.
Catching a falling knife is a good way to lose your hand.
dude, dont ever take your cues from the motley fool. you should never gamble in this market. speculation is different. with a stock like this, it's a pure gamble at this stage. dont catch this falling knife, certainly not at these levels.