BOI shares steadily rising... Worth a punt?

daveirl · 25-03-2009 9:33pm

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ppthink · 25-03-2009 9:49pm

I use Davy.
I can sell my U.S. shares online. When I put a sell price on themas soon as they reach that price on Yahoo Finance, they sell!? To the second

ppthink · 25-03-2009 9:54pm

Maybe they are getting the bid price, I dont know.

lucky-colm · 25-03-2009 10:03pm

well for what it is worth i think if you have some spare cash lying around you could do alot worse than invest it in the banks. i bought boi shares a while back at €0.22 invested €500 then and yesterday i invested another €500 in boi at €0.57 ea.
my theory is simple this is a long term investment if they don't get nationalised they will eventually rise in price as the world lifts itself out of resession they may never reach those dizzy heights of €20+ a share again i always felt this was overpriced because up untill a few years ago boi shares were always trading around €11,€12,€13 anyhow my idea is that in 5,6,7 or even 10 years time they might hit €10 or €11 again then i will cash in thus making a nice return on my €1000 investment. the flip side of the coin is that if they get nationalised i whistle good luck to my money, but hey €1000 is not alot of money given the possible return.

n.b. don't do this with your mortage money or shopping money
only do it if you have spare cash and don't mind loosing €1000

lucky-colm · 25-03-2009 10:07pm

what happened anglo irish shares?
will they ever be traded again i mean the govt isn't going to stay in the bank forever,
and if they do trade again will the original shares be worth something again?

ppthink · 25-03-2009 10:09pm

Anyone know what sme is? re:leitrimlad
Didn`t see the news today

ppthink · 25-03-2009 10:20pm

Anglo was more of a commercial bank so unless they can recoup their bad loans they wont be seen again. Wouldn`t like to guess what they have to write off or how much they had leveraged. probably nothing is coming out from the gov. because Anglo is so much in debt

daveirl · 25-03-2009 10:30pm

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bobbbb · 25-03-2009 10:57pm

ppthink wrote: »

Dont know If would rely on bloomberg. When i trade etf`s Ihave to ring. they have to check their Bloomberg terminal for a price which is a good bit different than what I have in front of me on Yahoo Finance which has the trading time beside it. As soon as markets close it stops and changes later with after hour trading. I was selling financial ETF (SKF) and was told it was at $282 but Yahoo was showing $287. put a sell on it at $290. within 2 minutes it sold. that was end of last year one day when the ass was falling out of financials. Same when i buy them. Did you ever check the Yahoo Finance site. It shows real time. See what you think and let me know

TBH Its more likely yahoo is wrong there.

stevedublin · 26-03-2009 11:44am

ppthink wrote: »

sme?

Small and Medium Enterprises

prendy · 26-03-2009 1:22pm

lucky-colm wrote: »

what happened anglo irish shares?
will they ever be traded again i mean the govt isn't going to stay in the bank forever,
and if they do trade again will the original shares be worth something again?

they were nationalised, there is now one shareholder in Anglo holding 100%. that is the Govt.

The bank would have gone bust if the Govt hadnt stepped in so the shares you may of had were worth nothing anyway.

dragonbet · 26-03-2009 3:03pm

Hotshnot wrote: »

Bobbbb

I would like to set up an account to be able to trade daily on Irish shares, what would you recommend?

Sharewatch are as good as any, thats only my personal experience though!! What kinda figures are ya hoping to day trade???

Daragh101 · 26-03-2009 5:59pm

there could be value for the long term in aib and boi, you would have to be prepared to loose money on paper for the short term anyway ...

Glacier · 26-03-2009 6:10pm

Would there not be huge potential though at the moment though, they way things are down 50% one day & up 30 the next? Is anyone doing it?

ppthink · 26-03-2009 6:15pm

Not long after boi and aib got the gov. bailout boi announced they were setting aside 1 billion for new mortgage. Sounds great but..........what new mortgages!?
Houses are not being sold or very few. 700 million for s.m.e sounds great but they can up their interest rates on any company that they think they can. Banks will do what they can to make profit. But they wont take risk on any money now or they know they will pay for it in the future.

leitrim lad · 26-03-2009 6:27pm

ya its bad when you have to get your solicitor to talk to your bank manager about financing your company or to apply for a mortgage,
and if the banks keep up the closed door trade tactics they may aswell close altogethar.
long term is the only real safe bet like 10 years , or course markets will fall and hopefully rise in that 10 years

leitrim lad · 26-03-2009 6:36pm

aib may be down tomorrow with the news of the property fraud in the uk they lost between 50-60m alot of money

Daragh101 · 26-03-2009 6:51pm

i would have thought aib would have there money insured against fraud and things like that.

bobbbb · 26-03-2009 6:57pm

Deleted.
Wrong thread

bobbbb · 26-03-2009 6:59pm

leitrim lad wrote: »

aib may be down tomorrow with the news of the property fraud in the uk they lost between 50-60m alot of money

That news didnt seem to do anything to the AIB share price today at all.

Compak · 26-03-2009 8:10pm

aken account of in 2008 results would of been a double drop

leitrim lad · 26-03-2009 8:21pm

what is proping up the share prices at the min in my eyes is that boi and aib are like a mafia your either with them or your not, and the fact that they have covered up the scandals so well, if half of it were to be broadcast we would have 2 more anglos on out hands,
the difference is that anglo had no ordianry customers with passcards and so on ,but between boi and aib they have the majority population, so they hold the peoples money in accounts and they also benefit from the peoples money to bail them out , there getting it both ways

ppthink · 26-03-2009 9:21pm

Thats why I said people are slowly withdrawing their money out of their accounts. I work as a courier and some of my deliveries are safes to hardware stores. I asked them why the sudden demand for safes. Thats what they told me. People want a safe to put their money into.
One friend of mine was offered 25% discount on his loan if he changed his direct debit from every month to every week. The banks are in worse state than they say (UNDERSTATEMENT).

ranger4 · 26-03-2009 10:10pm

ppthink wrote: »

Thats why I said people are slowly withdrawing their money out of their accounts. I work as a courier and some of my deliveries are safes to hardware stores. I asked them why the sudden demand for safes. Thats what they told me. People want a safe to put their money into.
One friend of mine was offered 25% discount on his loan if he changed his direct debit from every month to every week. The banks are in worse state than they say (UNDERSTATEMENT).

why people are taking their savings out of banks is beyond me, the gov will extend their banks gaurantee beyond 2010, whats the point in keeping money in the home even in a safe so some low life scum can break in threaten a memeber of family unless safe is opened etc, either get tooled up or leave your hard earned in safest place the bank.

leitrim lad · 26-03-2009 10:15pm

temptation is another downer for the safe in the house alot of people think its burning a hole in the safe or their pocket so they have to spendit, if its in the bank ,may seem unsafe but your less likely to blow it all, and the country would have to go into liquidation before the banks swallowed up our money,

but i myself have 2 safes for other reasons ,documents and so on

ppthink · 26-03-2009 11:19pm

Either people dont understand the gov. guarantee or they just dont the banks with their money anymore.

Idu · 27-03-2009 8:35am

leitrim lad wrote: »

long term is the only real safe bet like 10 years

thats just not true, there is no safe bet with Irish Banks atm

dragonbet · 27-03-2009 5:51pm

ppthink wrote: »

Thats why I said people are slowly withdrawing their money out of their accounts. I work as a courier and some of my deliveries are safes to hardware stores. I asked them why the sudden demand for safes. Thats what they told me. People want a safe to put their money into.
One friend of mine was offered 25% discount on his loan if he changed his direct debit from every month to every week. The banks are in worse state than they say (UNDERSTATEMENT).

Is this friend of yours a shopkeeper, small/medium business owner or a large multi-national with a substantial direct debit? How many zeros are we talking here????

ppthink · 27-03-2009 6:55pm

He bought a van last year for 20,000. `Wouldnt say its a big loan

dragonbet · 03-04-2009 12:55pm

ppthink wrote: »

He bought a van last year for 20,000. `Wouldnt say its a big loan

Well your friends definitely, DEFINITELY [EMAIL="bull/@#!ing"]bull/@#!ing[/EMAIL] you cos I have, and know people, with 50 times that amount borrowed and the banks aint offering them discounts to change the loan agreement. Its that kind of "made up" fiction that caused the run on the banks. Complete scaremongering!!

ppthink · 03-04-2009 1:26pm

Saw the new agreement.
What is causing the run on the banks is mostly their own fault. When you deregulate the financial sector what is happening is no surprise.
If you deregulate any sector it will happen.
That is why you need regulation, right!
I am guessing you are heavily invested in banks.
If so, best of luck.

bobbbb · 03-04-2009 6:47pm

Another quick €2000+ from the banks today.

Easy money. Quick in and out on the same day.

ppthink · 03-04-2009 9:05pm

Been using the paddy power trader demo.
Thanks for the tip.
Will open an account next week.
Are you using it to gain or through a brokerage.

Daragh101 · 03-04-2009 11:42pm

is it any good

FlyOver · 04-04-2009 7:25pm

bobbbb wrote: »

Another quick €2000+ from the banks today.

Easy money. Quick in and out on the same day.

You made €2000+? could you explain how?

bobbbb · 04-04-2009 9:10pm

FlyOver wrote: »

You made €2000+? could you explain how?

I explained my strategy in a couple of posts in this thread.

Daragh101 · 05-04-2009 2:59am

what would be the best account, and who with, if i wanted th trade a couple of times a mounth........ nothing big just like 600-700 a pop.......

i used sharewatch small traders acc its 50 euro a trade but it can eat up alot of your profit..

bobbbb · 05-04-2009 9:26am

Daragh101 wrote: »

what would be the best account, and who with, if i wanted th trade a couple of times a mounth........ nothing big just like 600-700 a pop.......

i used sharewatch small traders acc its 50 euro a trade but it can eat up alot of your profit..

Spreadbetting is the best for a lot small trades on a regular basis.

Make damned sure you know how to use it first though to make sure you prevent any losses from running away on you.

paddypowertrader have a simulator. Play with that for a few weeks and get to know all the pitfalls so you can make sure you avoid them.

Daragh101 · 05-04-2009 1:26pm

ya i will give it a look ,although heard spread betting was very risky

Compak · 05-04-2009 2:15pm

bobbbb wrote: »

I explained my strategy in a couple of posts in this thread.

Well its hardly a strategy is it to day trade a rising stock?

I know a few up to 100 grand so far on BKIR on hardly huge punts at 12c.

The fear that was on this forum was ridiculous especially as nationalisation prob would of returned a minimum 100% profit from the 12c mark though one would have to wait.

I would now caution not to get caught in hype. nothing rises like this without a pullback and a less than exciting bank plan Tuesday is all it will take for a nice crash down.

Compak · 05-04-2009 2:20pm

Daragh101 wrote: »

ya i will give it a look ,although heard spread betting was very risky

I spreadbet for shortterm trades but dont leverage. that means if I put 100€/pt on an iriah bank tomorrow I would ensure i have 90-100% (approx 8,500euro) in my account to cover an unforseen circumstance.

therefore its like buying shares you are paying the whole amount, no matter the circumstances can t lose more than i put in.

However for a trade that may be only a few days I dont pay any mad fees or taxes on gains.

Sure buying 20grand bkir with goodbodys is 1% duty =200€

1.5% buy commission 300€
1.5% sell commision 300€

thats 800 euro I need to make to break even. Madness

bobbbb · 05-04-2009 5:11pm

Compak wrote: »

Well its hardly a strategy is it to day trade a rising stock?

I know a few up to 100 grand so far on BKIR on hardly huge punts at 12c.

The fear that was on this forum was ridiculous especially as nationalisation prob would of returned a minimum 100% profit from the 12c mark though one would have to wait.

I would now caution not to get caught in hype. nothing rises like this without a pullback and a less than exciting bank plan Tuesday is all it will take for a nice crash down.

Works for me.

Almost 30k up since i started on the banks.

bobbbb · 05-04-2009 5:13pm

Compak wrote: »

I spreadbet for shortterm trades but dont leverage. that means if I put 100€/pt on an iriah bank tomorrow I would ensure i have 90-100% (approx 8,500euro) in my account to cover an unforseen circumstance.

therefore its like buying shares you are paying the whole amount, no matter the circumstances can t lose more than i put in.

However for a trade that may be only a few days I dont pay any mad fees or taxes on gains.

Sure buying 20grand bkir with goodbodys is 1% duty =200€

1.5% buy commission 300€
1.5% sell commision 300€

thats 800 euro I need to make to break even. Madness

Dont forget the tax too if you make a profit.

Hanley · 05-04-2009 5:25pm

bobbbb wrote: »

Works for me.

Almost 30k up since i started on the banks.

Ya prick!!

A pull back would be nice... start the process all over again, and let me get in on it this time!!!

daveirl · 05-04-2009 5:56pm

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Hanley · 05-04-2009 5:59pm

daveirl wrote: »

This post has been deleted.

I think compak was outlining all the negatives associated with actually buying the shares as opposed to spread betting on them, and bobbb was just giving another point as to why it's bad. Not too sure tho!!

ranger4 · 05-04-2009 6:08pm

Hanley wrote: »

Ya prick!!

A pull back would be nice... start the process all over again, and let me get in on it this time!!!

You will get your pullback possibly this week but doint expect to see antwhere near the recent lows, poss pull back to 0.80-0.90 range would be nice.

bobbbb · 05-04-2009 6:09pm

Hanley wrote: »

Ya prick!!

A pull back would be nice... start the process all over again, and let me get in on it this time!!!

Sure it happens every few days.
Big announcement. US banks make huge gains. Ireland opens and irish banks follow until lunchtime when the US opens again. Then the US banks make a move either direction and the irish banks follow them for the rest of the day again.

Its probably the most predictable trend in the history of spreadbetting.

Compak · 05-04-2009 6:15pm

bobbbb wrote: »

Sure it happens every few days.
Big announcement. US banks make huge gains. Ireland opens and irish banks follow until lunchtime when the US opens again. Then the US banks make a move either direction and the irish banks follow them for the rest of the day again.

Its probably the most predictable trend in the history of spreadbetting.

yeah in fairness I have watched irish banks for last few months and when rising they typ stick in one of 2 pattern types for a while.

1. open high and rise about lunch start drop down before US opens. Then after three recovery starts back.

2) open steady/ low slow gains to peak 12.30-1.30 mark and back down again for close

Compak · 05-04-2009 6:18pm

Hanley wrote: »

I think compak was outlining all the negatives associated with actually buying the shares as opposed to spread betting on them, and bobbb was just giving another point as to why it's bad. Not too sure tho!!

This is true. However you have to make profit to pay tax which explains why I so easily forgot that point.:D

BOI shares steadily rising... Worth a punt?

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