is there anyone left who STILL thinks it's a good idea to invest in BOI?

vibe666

if there is, it's time to wake up and smell your portfolio cos it's starting to stink.

with another massive drop of almost 50% in the last 24 hours do you still see a bright future for your 'investment' or are you starting to realise that maybe a few of the people who advised strongly against investing in the BOI-tanic might have been on to something?

what are you going to do with all those shares now and do you still think it was worth the risk?

sorry if it sounds like i'm gloating, but I'm really having trouble avoiding it.

the rest of us taxpayers will have to just keep our fingers crossed that if the worst comes to the worst that the government gives you nothing to pay you back for your greed and puts the money into hospitals and schools where it belongs.

Diarmuid

vibe666 wrote: »

the rest of us taxpayers will have to just keep our fingers crossed that if the worst comes to the worst that the government gives you nothing to pay you back for your greed and puts the money into hospitals and schools where it belongs.

Investing in public companies is a good thing. You can thank the people who are willing to risk their money in exchange for the possibility for a slightly increased return on their capital for your comfy life.

vibe666

Diarmuid wrote: »

Investing in public companies is a good thing. You can thank the people who are willing to risk their money in exchange for the possibility for a slightly increased return on their capital for your comfy life.

hardly.

investing (if you can even call it that) in a bank that is on the verge of collapse, even against the advice of experienced investors after asking for advice and then ignoring it is nothing but pure greed.

that type of reckless investing AND lending by the banks is one of the reasons that we're so far up sh1t creek right now, so yeah thanks very much for royally screwing us all over trying to get rich quick at everyone else's expense. :rolleyes:

Arciphel

Vibe666, you seem to be upset about something... care to explain?

I think labelling someone buying a stock as "pure greed" is a bit wide of the mark, you are infusing business & economic events with your own irrational sentiments and emotions - somethng that an experienced investor would never do.

I bought some shares in BoI, under €1 a share but before they hit the current bottom, and I'm gonna sit of them for a few years and see what develops.

At the end of the day I realise that something could happen and wipe out the value of these - but buying the shares was easier that putting money on a horse . Fair play to anyone who was tempted and didn't buy - if they go lower they can still stock up if they like.

Gerbud

DUBLIN, Jan 20 (Reuters) - Ireland wants to keep the country's biggest lenders Allied Irish Banks and Bank of Ireland privately owned after nationalising Anglo Irish Bank, Finance Minister Brian Lenihan said on Tuesday.
The government has pledged to inject 2 billion euros ($2.6 billion) each into Allied Irish Banks and Bank of Ireland, giving the state a 25 percent stake in each.
Last week Dublin abandoned plans however to inject 1.5 billion euros ($1.95 billion) in Anglo Irish Bank and opted instead to take it over amid fears it could collapse, triggering a state guarantee for around 70 billion euros worth of deposits.
Shares in Allied Irish Banks and Bank of Ireland hit fresh record lows on Tuesday, adding to Monday's heavy losses, over investor concerns that they may need a bigger state bailout.
Shares in Allied Irish Banks traded 25 percent lower by 1622 GMT at 0.45 euros, above an earlier low at 0.29 euros. Bank of Ireland, which had hit a low of 0.27 euros, was up 17.7 percent at 0.4 euros, after Lenihan said he disagreed with the market's view of the two banks, which he said were in a good position.
Lenihan said the government wished to ensure they would remain independent banks.
'The government re-affirms that it is proceeding with the planned recapitalisation of Bank of Ireland and Allied Irish Banks on this basis and its firm intention is that both banks remain in private ownership,' Lenihan told deputies.
'I believe our proposals in relation to recapitalisation will strengthen both AIB and Bank of Ireland as financial institutions,' he said in a debate over the nationalisation of Anglo Irish Bank, the country's No.3 bank.
Discussions are also continuing in relation to the capital requirements of other financial institutions, Lenihan added.

JordanDC

I would buy the BOI shares because they have gone so low they cant really get worse. They, as a bank, seem too big to fall down. But in today's climate, no one can say.

Diarmuid

JordanDC wrote: »

I would buy the BOI shares because they have gone so low they cant really get worse. .

until they hit 0 they can go lower.

Baird

JordanDC wrote: »

I would buy the BOI shares because they have gone so low they cant really get worse.

About 10,000 people thought the same about AIB at €6

asdasd

Wait until Warren Buffet jumps in.

Who knows? I did advocate buying this stock before but the market has priced in a nationalisation, I think. Still, might be worth a flutter for a few hundred , or so.

As for the greed element, investing in a low priced stock might actually save our fellow taxpayer some money - if enough people do it it may escape nationalisation.

vibe666

Arciphel wrote: »

Vibe666, you seem to be upset about something... care to explain?

I think labelling someone buying a stock as "pure greed" is a bit wide of the mark, you are infusing business & economic events with your own irrational sentiments and emotions - somethng that an experienced investor would never do.

I bought some shares in BoI, under €1 a share but before they hit the current bottom, and I'm gonna sit of them for a few years and see what develops.

not upset about anything mate, just looking for an excuse to say "i told you so" and gloat and rub greedy idiots noses in it for ignoring sound advice.

and no, i'm not an investor, or a gambler.

JordanDC wrote: »

I would buy the BOI shares because they have gone so low they cant really get worse. They, as a bank, seem too big to fall down. But in today's climate, no one can say.

that exact same argument was used when BOI shares were at 10, 5 & 1€ and people still don't seem to get that 'they can't get any lower' is an irrelevant statement until they are completely worthless.

and minister lenihan doesn't seem to be convincing very many people of his 'confidence' in BOI and AIB so far. :rolleyes:

jaffa20

40cent a share. get on

vibe666

it's a rollercoaster ride tho and you never know if you're going to get a bit of excitement or just end up nauseous and puking your ring up.

could close at 10c tomorrow.