BOI shares steadily rising... Worth a punt?

Daragh101 · 05-04-2009 6:35pm

do sharewatch keep the share cert until you want to sell your shares, in a small traders account.

rugbyman · 06-04-2009 9:05am

ranger4 wrote: »

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.

Good Morning Ranger,
When you say " would be nice" I
assume you mean so one could buy back in again, assuming this roller coaster continues.
regards, Rugbyman

rugbyman · 06-04-2009 9:19am

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.

I find bobbb s and compak s stuff interesting (and readable)

So I check on the web during the night, see how us financials are doing, open a spread bet (can I do this before 8 am?) . The Irish market will follow( I agree) and after lunch the U.S. will have moved further up, or dropped (or stayed steady).

If it dropped, my stop loss will have kicked in and I am out with a small loss.
If it rose (again), I take profit .

If the middle of the night news is bad from the U.S. do you bet on a fall in Ireland?

Regards ,Rugbyman

rugbyman · 06-04-2009 9:22am

looking back on my comment to Ranger I note I used the word assume twice.
I learned a lesson from a very successful man many years ago.
he told me never to ASSUME because it makes AN ASS out of U and ME.!

regards, Rugbyman

Daragh101 · 06-04-2009 2:28pm

i bought shares in bank of ire a couple of months ago from sharewatch small traders. i thoought they would keep the cert until i decided to sell.
when i wanted to sell this morning i was told the share cert was sent in the post, which i never got.
i am now facing a €83 charge to issue a new cert, should sharewatch not pay this as they were the ones that messed up.???????????

Allah Hu Akbar · 06-04-2009 3:52pm

Daragh101 wrote: »

i bought shares in bank of ire a couple of months ago from sharewatch small traders. i thoought they would keep the cert until i decided to sell.
when i wanted to sell this morning i was told the share cert was sent in the post, which i never got.
i am now facing a €83 charge to issue a new cert, should sharewatch not pay this as they were the ones that messed up.???????????

They should've sent it out! Are you sure you didn't get it? It's not exactly a cert, more like a sheet of paper stating how many shares you bought and at what price you bought them at.

If you didn't get it ring them up and explain as if you didn't get it they should send you out a new one.

Daragh101 · 06-04-2009 5:56pm

i did get somthing which stated everything but im sure it wasnt the cert. i contacted them today and they were sound about it, they said they would cover all costs. how long should it take to come.???????

Smcgie · 06-04-2009 7:16pm

Daragh101 wrote: »

i did get somthing which stated everything but im sure it wasnt the cert. i contacted them today and they were sound about it, they said they would cover all costs. how long should it take to come.???????

I bought with Sharwatch too, the cert comes quite quick (when they do send it) i got mine no problem 2-3 days

Allah Hu Akbar · 06-04-2009 7:41pm

Daragh101 wrote: »

i did get somthing which stated everything but im sure it wasnt the cert. i contacted them today and they were sound about it, they said they would cover all costs. how long should it take to come.???????

It's not really a cert, it's just a sheet of paper.

Only takes a few days.

Daragh101 · 06-04-2009 8:36pm

ya i no, hope it comes soon, cause there boi shares and there at a good price now!!!!!

Smcgie · 06-04-2009 9:08pm

try doing this.

I sold a few today with the sharewatch cert.

Say my name is JOE MCBLOGGS.

The sharewatch ref number on the "CERT" would be MCBLO-J-001

So using the last 5 letters in your surname and the first letter of your forname and your trade referece will be 001 tell them that over the phone it should work without waiting on the "CERT"

Daragh101 · 06-04-2009 9:59pm

no you do need the cert.... i gave them that anyway

Smcgie · 07-04-2009 9:23am

Could you not have let on you received it in the post? Its only a solution if u are in an extreme hurry

Daragh101 · 07-04-2009 1:07pm

but do they not need the cert to sell??????????

Smcgie · 07-04-2009 8:12pm

all they need is the reference number on the cert as above that and that only... :rolleyes:

Daragh101 · 07-04-2009 10:38pm

so i dont need to send a cert away to sharewatch in order to sell..?

samson09 · 08-04-2009 9:08am

Hope nobody was caught holding BOI shares, im looking at 27% drop at moment!

Mr_Roger_Bongos · 08-04-2009 9:21am

Down, Down They Go!

Anyone fancy calling the bottom?!

iPaddy · 08-04-2009 9:38am

12c

samson09 · 08-04-2009 9:50am

-37% and still dropping.
Bottom is at 0.01 or when banks are nationalised.

muletide · 08-04-2009 11:49am

Mr_Roger_Bongos wrote: »

Down, Down They Go!

Anyone fancy calling the bottom?!

And back up they go - Its a pity though, I was enjoying your scaremongering.

ppthink · 08-04-2009 12:36pm

The bottom will be zero when they are nationalised. They wont go to zero but it really is starting to look a foregone conclusion that they will be zero. Nationalisation would never
be announced in advance so anyone like to call the end....

Daragh101 · 08-04-2009 1:02pm

i dont understand why bank shares are falling today, they did get what they wanted....BAD BANK:rolleyes:

ppthink · 08-04-2009 1:21pm

They were downgraded by mmody`s and when they minister for finance keeps saying that everything is under control and we won`t need a bailout from E.C.B. etc. etc.....
the man doth protest too much.
A little honesty would save people an awful lot of money.
But then they are politicians!

Time Magazine · 08-04-2009 1:53pm

muletide wrote: »

And back up they go - Its a pity though, I was enjoying your scaremongering.

TBH I think a lot more of us are enjoying watching you guys risking your asses on a volatile stock that really should be nationalised.

muletide · 08-04-2009 7:44pm

The Economist wrote: »

TBH I think a lot more of us are enjoying watching you guys risking your asses on a volatile stock that really should be nationalised.

I think it is obvious from most the posts on here that a majority of posters are looking to make a quick killing without risking their asses . And many including myself have done this over the past 3 - 4 weeks and are now looking at gains of between 200 - 500%

Just because that does not sit well with those who view equities as a long term investment and who are more risk averse than others is no reason to look down your noses or begrudge us a small bit of good news in other wise dismal times.

I am sure if you call for nationalisation enough times you will eventually get what you want (broken clocks come to mind) - but not everyone shares your outlook and therefore their opinion/outlook and attitude towards risk should be respected.

Time Magazine · 08-04-2009 8:01pm

We do respect their opinions.

I still think it's madness.

Daragh101 · 08-04-2009 8:57pm

The Economist wrote: »

We do respect their opinions.

I still think it's madness.

how is it madness, when rally starts buy and when youve made your money sell.

samson09 · 08-04-2009 8:57pm

muletide wrote: »

I think it is obvious from most the posts on here that a majority of posters are looking to make a quick killing without risking their asses . And many including myself have done this over the past 3 - 4 weeks and are now looking at gains of between 200 - 500%

Just because that does not sit well with those who view equities as a long term investment and who are more risk averse than others is no reason to look down your noses or begrudge us a small bit of good news in other wise dismal times.

I am sure if you call for nationalisation enough times you will eventually get what you want (broken clocks come to mind) - but not everyone shares your outlook and therefore their opinion/outlook and attitude towards risk should be respected.

Here here!!!

ppthink · 08-04-2009 9:18pm

Have to agree. If you are willing to buy when someone wants to sell. It applies today as much as it did last year.
When people were buying last year they were given advice that the only way for shares was up up up.
If you keep an eye on all the markets as I think it was "bobbb" was saying a while ago, there a pattern.
the main pattern is, any sort of bad news shares drop and if there is even a chink of "good news", up they go.

Time Magazine · 08-04-2009 9:24pm

Daragh101 wrote: »

how is it madness, when rally starts buy and when youve made your money sell.

If. If the rally starts. If they get nationalised, you're fecked.

Idu · 08-04-2009 9:57pm

Can you believe this argument has been going on for nearly a year??

Daragh101 · 08-04-2009 10:35pm

The Economist wrote: »

If. If the rally starts. If they get nationalised, you're fecked.

well ya but everyone new nothing was happening until the budget.
of course theres a big risk but theres more of a chance youll make a lot of quick and easy money.the bigger the risk the bigger the reward.

Hanley · 08-04-2009 11:05pm

Idu wrote: »

Can you believe this argument has been going on for nearly a year??

It's only a matter of time before people get to say "told ya so". Much like Dave McWilliams on the housing bubble. Say it enoguh times, and eventually you'll be right.

There's been some craic had in the mean time tho!!

Compak · 08-04-2009 11:11pm

The Economist wrote: »

If. If the rally starts. If they get nationalised, you're fecked.

Was not that difficult in fairness. rally was clear up to bad bank announcement.

bad bank announcemnt 80 billion in debt was a disaster. Problem is people get blindsighted. The more the stock rallys they get optimistic where in this market with these economic factors people should of been warier by the day.

People got a chance to sell today amazingly. If ye did not take it dont complain when sp collpases over next week.

Myself out at 126.5 yesterday at 16:29:13 once I heard the figure to be covered

Ill have no problem getting in again at the next collapse after I hear some words on preceived write down amounts.

a reevaluation is needed since Lenihan indeed said today he would take majority stakes in banks needing more capital and thus will effectively nationalise the banks ala RBS

edit: My apologies i was speaking about AIB, wrong thread, wrong prices same points

daveirl · 10-04-2009 5:40pm

This post has been deleted.

nesf · 11-04-2009 1:48am

The Economist wrote: »

TBH I think a lot more of us are enjoying watching you guys risking your asses on a volatile stock that really should be nationalised.

Eh, if they're spread betting it's not too bad. Anyone actually short term trading in the stock itself is a lunatic though..

Compak · 12-04-2009 1:43pm

daveirl wrote: »

This post has been deleted.

Yeah went higher in London but there would of been no way for me to get out till next morning and we all knew what it was in for the next morning.

screaming short in US as they did not realise at all what figures meant. Prob so used to hearing hundreds of billions for their own banks sounded great.
Pity CMC only have albk and not NYSE:AIB.

I agree why stay in the drudge of the Irish economy when you can trade the recovering UK and US for a good year with plenty of time to get back into a more secure transparent Ireland

ppthink · 13-04-2009 3:13am

Be prepared for the big collapse. Three to six weeks.
All the bluff from the banks and the govs. will be exposed.

ranger4 · 13-04-2009 1:41pm

ppthink wrote: »

Be prepared for the big collapse. Three to six weeks.
All the bluff from the banks and the govs. will be exposed.

With Which markets do you expect tanking to commence?

ppthink · 13-04-2009 9:47pm

Where did it all start. What market do all the others keep track with.
U.S.A.
The stress tests on the financials were going to be passed before they started.
Suppose the Irish Gov. will announce they will do the same under a different name so it sounds like something they thought of themselves.
They are going to "BUY" the bad debt from the Irish Banks at 50 to 60 Cent in the Euro.
most people think thats great news, that it will give the bank liquidity.
where did the banks get the money to loan to the property speculators and construction-building contractors. They borrowed it. The figure being quoted is 60 to 90 billion Euro of bad debt the Gov. is planning to buy. If banks receive, lets say 50 billion for it they still have to pay back wha they borrowed.
Where is Ireland going to find this money to buy the debt wnd how much of this bad debt is going to be recovered. So how much are us taxpayers going to cover.

Daragh101 · 13-04-2009 10:40pm

well the banks were bascially giving out fake money, because lets say i deposit 2000euro they have a 1:10 ratio which means they can lend out 20000euro for every 2000euro deposited/or borrowed.this should mean the banks should borrowed less than they will get for the loans....
is this not true?????

ppthink · 14-04-2009 2:31pm

That is what we were taught in secondary school, but that 1:10 ratio can be leveraged up to 1:100. Wouldn`t think any Irish banks are that high but you`wouldnt put it passed them especially as they couldn`t loan out money quick enough to homebuyers property speculators and literallyanyone that wanted money. there was no end to the boom.
Bigger the boom the bigger the bust. The money the banks borrowed to loan out has to be paid back the same way as the money the banks loan out to people has to be paid back to the banks.

ranger4 · 14-04-2009 4:07pm

Us financials have been massivly bought into recently so guess we are due a pullback allthough i doint see them retesting their lows, this sell off will probably pull down stocks in general before next leg up possibly end of may-june.

bobbbb · 21-04-2009 6:23pm

US banks suffered a big slide yesterday and today are making a big move.
Tomorrow could be a good day. Lets see what the mornings news brings.

Daragh101 · 21-04-2009 6:33pm

ya i couldnt find much news did anything majour happen,or what?

bobbbb · 21-04-2009 10:27pm

Daragh101 wrote: »

ya i couldnt find much news did anything majour happen,or what?

Not that i can see. I have no idea whats going on with them at all.
I think people got the pull back they were waiting for though. Seem to be reacting to the US still though.

pocketdooz · 21-04-2009 10:39pm

So, what does your strategy say will happen tomorrow again? Irish bank stocks will rise ?

Any chance of seeing any history of trades to back up your recent claim of good trading? You make it sound like a winning strategy but I'm a natural skeptic.

Thanks

ranger4 · 21-04-2009 10:40pm

I guess geithners statment saying most us banks have adiqit capital caused the turn around with banks today.

pocketdooz · 21-04-2009 11:02pm

ranger4 wrote: »

I guess geithners statment saying most us banks have adiqit capital caused the turn around with banks today.

Pretty sure it was made after the markets closed.

BOI shares steadily rising... Worth a punt?

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