Honestly, I cannot believe the amount of speculation of whether this stock trades up or down at these rediculous levels. This was a $90 stock now down below $3. It fell of a cliff because of the irrational fear that Ireland would collapse and default like Iceland. As should be clear now, that just ain't in the cards. The Bank of Ireland is going nowhere. The EU, the Fed and the Chinese would never let it happen because of the domino effect. The Irish always recover and this will be no exception. In my humble opinion we will see the share price rise over $50 within 5 years. A 15-20 bagger in that time period is a lifetime's worth of investing. I plan on retiring on this stock. Over and out.
Last week was a weird week. The stock acted strangely. Not one long expert or short expert on this board predicted last weeks strange events. I still think we are due for some unexpected, great news for IRE. Something tells me someone like Ross, Flowers or another Whale, will step up to the plate with some tangible news that will move the stock upward. I am also sensing that many acquisition players are waiting in the wings. The timing of the Moody's downgrade and Noonan's post was shady. I am predicting (a gut guess) that a positive, powerful announcement, one that NO ONE is expecting, will be coming soon. I hope you will enjoy a splendid retirement based on your patience and perseverance. Last week was a weird week.