Good time to buy AIB or BOI shares???

Rockfish

I dont have a clue about the stock market but have come into a bit of money suddenly and a mate who is well up on these matters reckons i should invest in shares in either BOI or AIB as they are bound to rise in the short term anyway. I'm a bit dubious but think i'll take his advice. Am i doing the right thing??

jon1981

2 days ago maybe, i know of someone who got shares @ 329, now @ ~456

but in terms of more growth short term, i wouldnt know?!

Idu

There is more uncertainty in the markets than ever before and especially in the financial sector. The government bail out, if it gets passed, should be good news for BOI and AIB but they still have issues of their own to deal with. If they get into trouble and the government have to intervene then expect the shareholders to be the ones to take the hit. So if you fancy a gamble lump it on. Why the rush to give away the money you've got unexpectedly?

And one of the best rules of investing: dont trade on tips.

There's a big thread around here somewhere covering this very topic. Have a look through it. Some really good advice in there

Time Magazine

Rockfish wrote: »

I'm a bit dubious but think i'll take his advice. Am i doing the right thing??

No. Unless your mate's name is Warren Buffet, don't put it anywhere unless you're sure it's a good investment.

jaycen

Bad plan, they may be safe but there's still a lot of bad news on the way from existing silly mortgages.

daveyjoe

It's a complete gamble at the moment. Definitely stay away, unless your friend knows something that Joe Public doesn't.

pocketdooz

How many posts are there going to be like this ?

I have a load of money (insert amount here - €10,000 / €25,000 etc)

I haven't a clue about the stock market / what drives valuations etc.

Bank stocks are down so now they must go back up right ?

They were a tenner, now they are a fiver - should I buy more etc . . .

Please, give me advice for free on Boards.ie what I should do . . . .

. . . .

Maybe a mod could start a thread / stickie for all these types of posts ???

rugbyman

I really enjoy learning about the theory and scientific stuff from Pocketdooz, Janets on clubs, Stepbar(lying low at moment) and Mr Mc Williams.

there are lots of people asking the same questions and they may not have read the earlier threads.

Some weeks ago i gave my opinion that there were fortunes to be made in all of this mayhem and being scientific was not the way to go.

With my childrens savings I invested 4,500. In week one I made a profit of 1200 euro.approx. ( bought Bof I at 4.40 sold at 5.60)

two weeks later i reinvested half the original amount in the same share at 3.96 and sold 36 hours later for 5.26 , a gain after costs of approx 500.

when they fell back to 3.89 I re invested 2 k and bought another 500 shares.
Sold them today at 4,72, realising a gain of ..83 per share , around 300 euro after costs and taxes.

I bought 1,000 shares in Ryanair at 2.38, failed to sell when up 600,then 500, but will do when they reach that again.
Overall, my portfolio(scoff if you like) is up from 4,500 to 6,500 in eight weeks. reach for the abacus and see what % return that is.
Tonight it is almost all back in cash

Guys who probably dont post on Boards have made hundreds of times more than I have. a Roller coaster can occasionally be a good ride.

pocketdooz

rugbyman wrote: »

I really enjoy learning about the theory and scientific stuff from Pocketdooz, Janets on clubs, Stepbar(lying low at moment) and Mr Mc Williams.

there are lots of people asking the same questions and they may not have read the earlier threads.

Some weeks ago i gave my opinion that there were fortunes to be made in all of this mayhem and being scientific was not the way to go.

With my childrens savings I invested 4,500. In week one I made a profit of 1200 euro.approx. ( bought Bof I at 4.40 sold at 5.60)

two weeks later i reinvested half the original amount in the same share at 3.96 and sold 36 hours later for 5.26 , a gain after costs of approx 500.

when they fell back to 3.89 I re invested 2 k and bought another 500 shares.
Sold them today at 4,72, realising a gain of ..83 per share , around 300 euro after costs and taxes.

I bought 1,000 shares in Ryanair at 2.38, failed to sell when up 600,then 500, but will do when they reach that again.
Overall, my portfolio(scoff if you like) is up from 4,500 to 6,500 in eight weeks. reach for the abacus and see what % return that is.
Tonight it is almost all back in cash

Guys who probably dont post on Boards have made hundreds of times more than I have. a Roller coaster can occasionally be a good ride.

That's a good run Rugbyman - I read the earlier post you're refering to - to be honest I didn't think much of the idea at the time - primarily cos it was your kids savings and secondly because I think I said before that long-term (kids to college etc.etc.) your best bet was to buy and hold a basket of the Irish bank stocks (talking 10 years+ here) and re-invest the dividends or just lump it into an 8% savings account and watch it quadruple in 18 years . . . . but it seems to have worked out for you and best of luck with it - I hope it continues to work out for you. Two points I would make (I'm a bankroll nit) - try and diversify a little bit more and if you sit down and figure out your transaction costs and taxes you might see they've likely eaten up a lot of your profits. You seem to be concentrating on the most volatile of stocks ? I could easily figure out a pattern where you would have guessed (and come on you have to admit you're kind of guessing here ) wrong on those trades and your kids savings would be down to €2,500 from €4,500 instead of the other way around - using the same stocks and the same time periods just trading in and out on different days.

Anyway - good luck and if you start thinking long-term at any stage read my post re: nanotechnology stocks

rugbyman

I have read your post on nano. Last week in france i bought an interesting investors magazine where it reviewed shares and gave their verdict. there was one such nano.

Re my exploits, I was very lucky that b of I fell from their 5.50 ledge while I was
finding the buy button on my NIB website. Otherwise I may still have them. I do not see any great gains again in a short time. But despite the blasted heath, I think Bof I and AIB will be worth 15 % more in the short term and maybe never see dizzy heights( 8 to 10 euro per share) for year.

One question, with all the Science, why did no one forecast this.

Regards,Rugbyman

stepbar

Good luck but be very careful with what you invest in. Your children won't thank you. That being said it's your money at the end of the day As I said to one customer of mine who I suggested that he start saving for his kids future - "You can take it back if you want"!!

daveirl

This post has been deleted.

Poncherello

Trading Irish Banks right now is like playing a f*cked up version of russian roulette - wake up - one or two or three of them are going to zero.
Rugbyman you will find out about it during one of your 36 hour forays into the market at what seems like a great buy
kids savings - what are you like

DJDC

I don't understand why people here only want to play in Irish stocks, there's hundreds of banks in Europe alone you could play. Look elsewhere IMO, think the worst is over for financials look at the XLF (an ETF), much more diversified than playing the Irish banking sector.

Because the average Joe who invests in Irish bank equities isnt exactly what you would call an 'intelligent investor'. Most of them wouldnt know what a where the DAX is, what the 5 biggest banks in Europe are etc.

Leave them to keep throwing their money down a hole. They are just providing liquidity for the guys on the right side of the trades

siralan

Hey pocketdooz

What about RBS shares? They were at one stage 21.50 and are now down to 1.89.

I would like to put some money into one of the banks but dont know how to go about it. Is it safer to do it in branch or is it easier to do it online?

Any advice anyone could give me would be much appreciated

daveyjoe

siralan wrote: »

Hey pocketdooz

What about RBS shares? They were at one stage 21.50 and are now down to 1.89.

I would like to put some money into one of the banks but dont know how to go about it. Is it safer to do it in branch or is it easier to do it online?

Any advice anyone could give me would be much appreciated

Are you considering investing in RBS for any other reason other than the fact that they've taken a large drop?
That's not a rhetorical question by the way!

siralan

Used to work for Ulster Bank who are owned by RBS so I have always kept an eye on their share price.

I am banking on European intervention or UK intervention in the banking crisis which would put some confidence back into the UK banking system and therefore lead to a increase in share price?

Maybe Im clutching at straws but the fact their price is on the floor it hard to imagine further decrease in share price?

daveyjoe

siralan wrote: »

Used to work for Ulster Bank who are owned by RBS so I have always kept an eye on their share price.

I am banking on European intervention or UK intervention in the banking crisis which would put some confidence back into the UK banking system and therefore lead to a increase in share price?

Maybe Im clutching at straws but the fact their price is on the floor it hard to imagine further decrease in share price?

You do realise that they could hit zero, don't you?

By the way, I just checked it out and the vast majority of that drop in share price was due to RBS splitting their shares. They gave out 2 bonus shares for each share in May 2007.

http://www.lse.co.uk/ShareChart.asp?sharechart=RBS&share=royal_bank_scot
(Change the chart's timescale to 2 years.)

daveirl

This post has been deleted.

pocketdooz

siralan wrote: »

Hey pocketdooz

What about RBS shares? They were at one stage 21.50 and are now down to 1.89.

I would like to put some money into one of the banks but dont know how to go about it. Is it safer to do it in branch or is it easier to do it online?

Any advice anyone could give me would be much appreciated

My advice would be not to invest in any of the Irish banks now.

Put any money you have in a savings account and wait for a better opportunity in a year or so's time . . .

El Stuntman

siralan wrote: »

Used to work for Ulster Bank who are owned by RBS so I have always kept an eye on their share price.

I am banking on European intervention or UK intervention in the banking crisis which would put some confidence back into the UK banking system and therefore lead to a increase in share price?

Maybe Im clutching at straws but the fact their price is on the floor it hard to imagine further decrease in share price?

you obviously don't have a very good imagination

they're down below £1 per share

I've been involved in mortgages for three years and the only bank that are still able to lend at a decent level are AIB because they have stayed ultra conservative even during the boom years. They are also generally the only bank hiring at the moment in Ireland. I know this, because I was made redundant 3 weeks ago and have been looking for something.

If I was to invest in any Irish bank at the moment it would be AIB. Pity that I don't have the flexibility to throw around money at the moment but when/if (:p) I get a new job I'll throw a bit of the savings in AIB.

pocketdooz

Deleted User wrote: »

I've been involved in mortgages for three years and the only bank that are still able to lend at a decent level are AIB because they have stayed ultra conservative even during the boom years. They are also generally the only bank hiring at the moment in Ireland. I know this, because I was made redundant 3 weeks ago and have been looking for something.

If I was to invest in any Irish bank at the moment it would be AIB. Pity that I don't have the flexibility to throw around money at the moment but when/if (:p) I get a new job I'll throw a bit of the savings in AIB.

Not true - IIB are still offering mortgages. - Just got one myself at 92.5% LTV for 5.95%

also, Anglo, IIB and ILP are still hiring - people I know just started with them recently. (also IFS, if you consider them a bank)

Wouldn't touch AIB common equity myself at the moment TBH - maybe you would 'throw' money at them but you'd be better off not IMO

PS - 'Ultra-conservative' ??




.

pocketdooz

pocketdooz wrote: »

My advice would be not to invest in any of the Irish banks now.

Put any money you have in a savings account and wait for a better opportunity in a year or so's time . . .

RBS Shares

http://www.ft.com/cms/s/c580893a-9437-11dd-953e-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fc580893a-9437-11dd-953e-000077b07658.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fhome%2Fus

. . .

There are loads of posts now asking if people should buy bank stocks . . .

Basically the point is stay away from bank stocks til we all know what's going on. At the mooment , buying any bank's common equity is just suicide - a total gamble that could work or could not. Like roulette

pocketdooz

pocketdooz wrote: »

Not true - IIB are still offering mortgages. - Just got one myself at 92.5% LTV for 5.95%

also, Anglo, IIB and ILP are still hiring - people I know just started with them recently. (also IFS, if you consider them a bank)

Wouldn't touch AIB common equity myself at the moment TBH - maybe you would 'throw' money at them but you'd be better off not IMO

PS - 'Ultra-conservative' ??




.

Actually,
You must of got really lucky there or got approved a month or two ago. IIB have gotten rid of their tracker rates. IIB are in so much trouble that there is a take over and they are changing their name to KBC at the end of the month. So check that out if you want. Also, checkout AIB's rates compared to theirs. AIB have clearly showed that they are still able to lend competively while the other bank's rates are generally take it or leave it.

Ultra Conversative meaning cherry picking their business. It has to be well over the line to get approval. They assess cases the old fashioned way by assessing it at 4.5 times your income. While your FAs, UBs , PTSB , IIBs etc still assess it by your net disposable income(NDI).

In my defense regarding investing in AIB - there was a very good article in the Indo at the weekend and AIB were the bank they were most confident about surviving the current crisis.

kaiser sauze

No, for too many reasons that I don't have time to type up.

Grawns

I have some aib shares that were left to me by my grandmother who inherited them from her father ( as well as boi). Both have done well over the years and as long as you think of them as a very long term investment I think now is an excellent time to buy. The Phoenix put boi's debt ratio as more positive then aib and they have been undervalued in the past. I will probably buy €1000 worth and expect to cash them in in 20 years time.

ps. Only buy them if you can afford to loose the money as lets face it, times are crazy. I have some spare money left from wedding gifts so easy come easy go.

daveirl

This post has been deleted.

kaiser sauze

Grawns wrote: »

Only buy them if you can afford to loose the money as lets face it, times are crazy. I have some spare money left from wedding gifts so easy come easy go.

What an insane, and disrespectful, attitude to money.

Baird

kaiser sauze wrote: »

What an insane, and disrespectful, attitude to money.

+1 :cool:

skywalker

Ive read through this entire thread & despite the warnings am still thinking about buying shares in AIB, or perhaps a larger foreign bank, HSBC. Thinking along similar lines to grawns, between €1-5K for a long term investment.

For someone whos never bought shares before, whats the easiest way to do this?

Time Magazine

skywalker wrote: »

Ive read through this entire thread & despite the warnings am still thinking about buying shares in AIB, or perhaps a larger foreign bank, HSBC. Thinking along similar lines to grawns, between €1-5K for a long term investment.

For someone whos never bought shares before, whats the easiest way to do this?

https://www.youtube.com/watch?v=nE11Zrrp24I

pocketdooz

skywalker wrote: »

Ive read through this entire thread & despite the warnings am still thinking about buying shares in AIB, or perhaps a larger foreign bank, HSBC. Thinking along similar lines to grawns, between €1-5K for a long term investment.

For someone whos never bought shares before, whats the easiest way to do this?

I refer you to BoomBoomBazza's thread - find it and read it all.

Why in God's name would you want to buy bank stocks now ?

It's ridiculous - you're trying to catch a falling knife.

There is SO MUCH VALUE out there right now and you're narrowly focused on bank stocks cos they've come down so much

THERE IS A REASON THEY HAVE COME DOWN SO MUCH

Do you really think you are outsmarting the market by buying now ?

Like no-one else has realised they're cheaper now than they were 6 months ago. Seriously mate - dig in to the numbers and you will see why they are down much

If you buy them - good luck - I hope it works out for you.

woodseb

pocketdooz wrote: »

Why in God's name would you want to buy bank stocks now ?

It's ridiculous - you're trying to catch a falling knife.

There is SO MUCH VALUE out there right now and you're narrowly focused on bank stocks cos they've come down so much

.

go on then - where is the value elsewhere? if you have to buy something now, it would be crazy to totally write off the banks considering how much it has sold off and the measures that have been taken - there is value there as there will be winners and losers in this shake up - it just depends on your risk ability and time horizon

skywalker

The Economist wrote: »

https://www.youtube.com/watch?v=nE11Zrrp24I

Funny how the guy below you managed to convey the same message without being a prick about it.


Again though, for someone whos never bought shares before, whats the easiest way to do this?

Baird

skywalker wrote: »

Funny how the guy below you managed to convey the same message without being a prick about it.


Again though, for someone whos never bought shares before, whats the easiest way to do this?

The easiest way to do this is probably through AIB or get in contact with a stockbrokers like Davys, Goodbodys, Bloxhams etc.
Its like setting up a bank account but with a lot more background checks.
AIB online banking lets you fill out the forms if you would find that handier.
Think their commission is quite high though so if you intend to buy/sell a few
times in the next few years its probably worth your while setting up an account.

As for value to be had out there, value is a subjective thing.
Personally my top 3 buys in the Irish market at the moment are Ryanair, AIB
and maybe Fyffes on a dip in price after getting away with the €50m fine
for being part of a cartel.
Fyffes are much more risky as they are extremely illiquid.

skywalker

Thanks for the response, doing it through AIB online seems like a good option in terms of handiness, didnt realise that was an option.

Im literally just going to be buying 2 or 3 stocks & sitting on them for the long term so might go with that. Would I have access to shares like HSBC through them?

Baird

I would imagine you could buy anything you wanted within reason.
UK stocks Irish stocks, liquid US stocks should all be available but as i have no used
them i cant say that for sure.

eden_my_ass

Theres a huge amount of scaremongering going on here and on other forums about investing at the moment, much of which is pointless and non-constructive for two reasons; firstly the markets depend on emotion, fear makes people sell, fear makes people hold onto their cash and not reinvest, end result we work ourselves into a deeper recession/depression rather than just a correction which can be turned around over time; secondly, theres nothing worse than listening to the idle scaremongering of the uneducated masses online (and by that I mean no particular offence because I'm sure theres 'some' good heads on shoulders out there)...instead we should all watch and pay attention ONLY to those who have proved themselves worthy of being watched http://www.cnbc.com/id/27231171/

woodseb

eden_my_ass wrote: »

http://www.cnbc.com/id/27231171/

for a second there i thought you had linked to Jim Cramer:D

pocketdooz

eden_my_ass wrote: »

much of which is pointless and non-constructive for two reasons; firstly the markets depend on emotion, fear makes people sell, fear makes people hold onto their cash and not reinvest, end result we work ourselves into a deeper recession/depression rather than just a correction which can be turned around over time

Please return to reality

There are extremely good reasons to be scared of investing at the moment

Real reasons - not just 'fear' for its own sake.

The balance sheets of most major financial institutions are opaque and from what we have seen so far - in a terrible state

Wachovia, Citigroup and UBS between them have had to write down over $200 billion off their balance sheets so far. These are very real reasons not to be investing. Here are some more . . .

There is no liquidity in the credit market - it is much harder and much more expensive to obtain finance

The commercial loan market is trading at its lowest level ever - it's pricing in 40% defaults over the next 24 months and a 60% recovery rate - this has never been seen before.

LIBOR is basically no use anymore as a benchmark because Interbank lending had practiaclly seized up.

Oversupply of housing stock and historically low interest rates had caused an asset pricing bubble that is now being reversed and we are seeing a huge drop in the price of property in major economies around the world including (but limited to) the US, the UK, Spain etc.

Unemployment is rising fast across the Western economies, with Spain now leading the charge with 11% unemployment - this means less tax income, more governement expenditure which causes government deficits, causing them to borrow and burden themselves with additonal debt.

Stock markets across the globe have plummetted over the past 12 months as major investors have begun modelling how these leveraged companies will perform in an economic downturn and they don't like what they see.

Foreign funding for major infrastructure developments in the BRIC countries and Eastern Europe is drying up and the lack of capital inflows into these economies will cause huge volatility swings in their respective currencies over the near to medium term. (watch this closely)


And on and on . . .

People who think that we 'talk ourselves into a recession' have their head in the clouds and haven't the slightest cluse of what is actually going on in the global financial system and the wider global economy. They are the ones that will suffer the most over the next 2/3 years as they look around and moan and complain and blame and the rest of find value, invest and reap the rewards.

So, stop reading so much crap in the newspapers and start doing your own research.

And stop talking us into recession !!!





.

eden_my_ass

pocketdooz wrote: »

Please return to reality

There are extremely good reasons to be scared of investing at the moment

Real reasons - not just 'fear' for its own sake.

The balance sheets of most major financial institutions are opaque and from what we have seen so far - in a terrible state

Wachovia, Citigroup and UBS between them have had to write down over $200 billion off their balance sheets so far. These are very real reasons not to be investing. Here are some more . . .

There is no liquidity in the credit market - it is much harder and much more expensive to obtain finance

The commercial loan market is trading at its lowest level ever - it's pricing in 40% defaults over the next 24 months and a 60% recovery rate - this has never been seen before.

LIBOR is basically no use anymore as a benchmark because Interbank lending had practiaclly seized up.

Oversupply of housing stock and historically low interest rates had caused an asset pricing bubble that is now being reversed and we are seeing a huge drop in the price of property in major economies around the world including (but limited to) the US, the UK, Spain etc.

Unemployment is rising fast across the Western economies, with Spain now leading the charge with 11% unemployment - this means less tax income, more governement expenditure which causes government deficits, causing them to borrow and burden themselves with additonal debt.

Stock markets across the globe have plummetted over the past 12 months as major investors have begun modelling how these leveraged companies will perform in an economic downturn and they don't like what they see.

Foreign funding for major infrastructure developments in the BRIC countries and Eastern Europe is drying up and the lack of capital inflows into these economies will cause huge volatility swings in their respective currencies over the near to medium term. (watch this closely)


And on and on . . .

People who think that we 'talk ourselves into a recession' have their head in the clouds and haven't the slightest cluse of what is actually going on in the global financial system and the wider global economy. They are the ones that will suffer the most over the next 2/3 years as they look around and moan and complain and blame and the rest of find value, invest and reap the rewards.

So, stop reading so much crap in the newspapers and start doing your own research.

And stop talking us into recession !!!





.

So.....take advice from Warren Buffett, one of the worlds most successful and astute investors...or 'pocketdooz', that guy on the internet who says we're all fools for even thinking about investing right now...no offense but do you seriously think you can compete with that ? Btw, he also stressed that the financial markets are a mess, but thats not reason to discount investing in general.

edit: whos talking us into a recession btw, i said correction...

phantom_lord

anyone that invests in banks because "they're cheap" deserves to lose their money imo.

Baird

phantom_lord wrote: »

anyone that invests in banks because "they're cheap" deserves to lose their money imo.

Very very VERY true.
But in saying that, there is still serious value in some Irish banks if you are astute.

pocketdooz

eden_my_ass wrote: »

So.....take advice from Warren Buffett, one of the worlds most successful and astute investors...or 'pocketdooz', that guy on the internet who says we're all fools for even thinking about investing right now...no offense but do you seriously think you can compete with that ? Btw, he also stressed that the financial markets are a mess, but thats not reason to discount investing in general.

edit: whos talking us into a recession btw, i said correction...

In case you hadn't noticed - this is a thread about investing in AIB / BOI shares.

I don't remember reading about Warren Buffett investing in the common equity of AIB or BOI recently . . . .


Where did I say you or anyone is a fool for investing now - there is plenty of value out there - just not in Irish bank stocks or most country's financial stocks (IMO) . . . as I said in my post that you just quoted

"and the rest of find value, INVEST and reap the rewards."



If you have anything constructive to say it would be good to hear it.

Or maybe you could just provide more links to other people's opinions . . . :rolleyes:

daveirl

This post has been deleted.

pocketdooz

daveirl wrote: »

This post has been deleted.

I agree 100 %

FTSE, S&P, DJIA and ISEQ ETF's

DJDC

Theres a huge amount of scaremongering going on here and on other forums about investing at the moment, much of which is pointless and non-constructive for two reasons; firstly the markets depend on emotion, fear makes people sell, fear makes people hold onto their cash and not reinvest, end result we work ourselves into a deeper recession/depression rather than just a correction which can be turned around over time; secondly, theres nothing worse than listening to the idle scaremongering of the uneducated masses online (and by that I mean no particular offence because I'm sure theres 'some' good heads on shoulders out there)...instead we should all watch and pay attention ONLY to those who have proved themselves worthy of being watched http://www.cnbc.com/id/27231171/

Idiotic Post. Good traders play the markets, not some underlying fundamental that decides prices. Technical analysis could be BS but if enough traders use it to take positions, well then its something that has to be taken into account.Likewise if fear has taken everywhere why go long on equities? The only moron around here is you, theres a lot more positions people can take then delta 1 long positions in equities.

There is value out there in some shares because they are essentially approaching ATM call options.

Slutmonkey57b

Long story short: in order for one person to be a smart investor, someone else has to be a moron. Buy low, sell high, requires someone else to sell low, buy high. Or have some people forgotten that? Buying stocks is not that much more scientific than betting on horses. Only bet with money you can stand to lose.

jack90210

rugbyman wrote: »

I really enjoy learning about the theory and scientific stuff from Pocketdooz, Janets on clubs, Stepbar(lying low at moment) and Mr Mc Williams.

there are lots of people asking the same questions and they may not have read the earlier threads.

Some weeks ago i gave my opinion that there were fortunes to be made in all of this mayhem and being scientific was not the way to go.

With my childrens savings I invested 4,500. In week one I made a profit of 1200 euro.approx. ( bought Bof I at 4.40 sold at 5.60)

two weeks later i reinvested half the original amount in the same share at 3.96 and sold 36 hours later for 5.26 , a gain after costs of approx 500.

when they fell back to 3.89 I re invested 2 k and bought another 500 shares.
Sold them today at 4,72, realising a gain of ..83 per share , around 300 euro after costs and taxes.

I bought 1,000 shares in Ryanair at 2.38, failed to sell when up 600,then 500, but will do when they reach that again.
Overall, my portfolio(scoff if you like) is up from 4,500 to 6,500 in eight weeks. reach for the abacus and see what % return that is.
Tonight it is almost all back in cash

Guys who probably dont post on Boards have made hundreds of times more than I have. a Roller coaster can occasionally be a good ride.

Your going to lose your shirt. Idiotic stuff really.

pocketdooz

Slutmonkey57b wrote: »

Long story short: in order for one person to be a smart investor, someone else has to be a moron. Buy low, sell high, requires someone else to sell low, buy high. Or have some people forgotten that? Buying stocks is not that much more scientific than betting on horses. Only bet with money you can stand to lose.

Probably the least insightful and most blatantly wrong post I have read in the past while.