Bank Threads Making Me Feel Nauseated

pocketdooz

Mods etc.

Is there any chance that we can have one master thread or sticky for all the bank threads ?

This forum used to be about talking about and sharing investment ideas but they have all fallen away and nearly all the good regular posters have disappeared amongst all the people who think it's a good idea to invest in BOI /AIB etc.

There have been countless threads started discussing the various 'merits' of investing in useless Irish banks and it's always the same people throwing around the same crap. Every question has been answered innumerable times and every angle has been looked at. Maybe it's time we got back to it being an investment discussion board instead of a "BOI/AIB/Anglo Gamble Board" . . .

Does anyone else think this is a good idea?

Thanks



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Bob Hope

For someone who is sick of banking threads you seemingly haven't lost the urge to reply to them as you just posted 10 minutes before this one. j/k Personally i think you are just sick of being right and i wouldn't blame you. Your analysis was correct and hopefully some of the potential "gamblers" paid heed and opted out.
Just a couple of quick questions if you can stomach them:
How soon do you see a move to Nationalize the big 2?
Do you expect a partial or full Nationalization?

TIA

pocketdooz

Bob Hope wrote: »

For someone who is sick of banking threads you seemingly haven't lost the urge to reply to them as you just posted 10 minutes before this one. j/k Personally i think you are just sick of being right and i wouldn't blame you. Your analysis was correct and hopefully some of the potential "gamblers" paid heed and opted out.
Just a couple of quick questions if you can stomach them:
How soon do you see a move to Nationalize the big 2?
Do you expect a partial or full Nationalization?

TIA

Maybe you misunderstood me. I think there is merit to discussing the situation we face wrt the Irish banks. However, it is annoying that this topic seems to have taken over the whole forum at the expense of all else. that's why I think a master thread or sub-forum would be a good idea to attract discussion again around other topics.

I'm not too sure what will happen to AIB and BOI but if I HAD TO choose one scenario I see playing out I think it will be a part-nationalisation and merger of the two banks.


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marathonic

Yeah, a Banking Sector sub-forum would probably be a good idea. It's annoying posting threads looking for information on other investment ideas only to see your thread losing it's place on the first page of the forum to be replaced by multiple threads on buying AIB or BOI, the nationialisation of Anglo, how much are we going to get for our Anglo shares, etc. type threads.

ixus

Please merge all banking related threads. I'm sick to my teeth of them too. It's the same repetitive sh!t.

There have been a number of posters who have given excellent (and what would appear to be experienced) and logical advice. It is not listened to. I've found myself less willing to contribute or browse this forum as a result of the crap being posted.

Having it confined to a single thread would really help.

Cheers.

Ixus

Bob Hope

As more of a lurker i would agree with you on the sub-forum.

I'm glad to read that you too see a different scenario playing out then full Nationalization. You are going to hate me for this but in light of your comment would AIB not be worth an investment (gamble is such a dirty word and besides it just semantics) @ 30c right now? In my opinion the market has already priced in massive dilution and since i too feel full Nationalization is not on the cards this seems like an excellent R/R trade.

FWIW i have been eagerly awaiting the Anglo full Nationlization news and headlines of "possible Nationalization of the big 2" as i believed this would lead to pure panic. The trading volume is indicative if this also. Screw this i'm in a few and will average down if need be. AIB will survive. IMO!!

Onikage

It is standard forum sense to search for threads that might contain the answer to your question before posting a new thread. It seems that some people do not want to listen to reasonable assessments of the situation and are just hoping to find someone who agrees with them.

Idu

Bob Hope wrote: »

As more of a lurker i would agree with you on the sub-forum.

I'm glad to read that you too see a different scenario playing out then full Nationalization. You are going to hate me for this but in light of your comment would AIB not be worth an investment (gamble is such a dirty word and besides it just semantics) @ 30c right now? In my opinion the market has already priced in massive dilution and since i too feel full Nationalization is not on the cards this seems like an excellent R/R trade.

FWIW i have been eagerly awaiting the Anglo full Nationlization news and headlines of "possible Nationalization of the big 2" as i believed this would lead to pure panic. The trading volume is indicative if this also. Screw this i'm in a few and will average down if need be. AIB will survive. IMO!!

A thread asking for all bank threads to be merged is taken over by someone and their ideas on bank shares! No further proof needed

Bob Hope

janets??? What exactly has my post "proven" to you. I merely stated that a sub-forum would be a good idea and then stated how i felt that AIB was a good R/R trade @ 30c based on my opinion that they will not be fully Nationalized and massive dilution was already priced in. I have taken what i consider to be a calculated risk. Sorry if this offend you and your ideals.

Idu

Its nothing personal but your post did open up the chances of a discussion on bank shares. You even admit as much in your rebuttal when you say that you thought AIB was a good R/R trade. Is that not discussing bank shares? Correct me if I'm wrong

hargo

I just want to thank OP for saving me a few bob as I had planned to invest, gamble when BOI were just over a euro, needless to say with all the good advice here i didn't.

Bob Hope

janet i'm completely confused on this sub-forum discussion. Of course i'm here to discuss bank shares but would gladly go to another forum if need be. That was my point. As far as my R/R trade i would really appreciate any feedback from yourself or anyone else. Good luck.

Idu

Bob Hope wrote: »

janet i'm completely confused on this sub-forum discussion. Of course i'm here to discuss bank shares but would gladly go to another forum if need be. That was my point. As far as my R/R trade i would really appreciate any feedback from yourself or anyone else. Good luck.

This thread was brought up because every thread seems to want to discuss Banking shares. The OP wanted an independant thread to tackle these issues rather than having ten different threads about the same thing.

Your post is opening up another discussion on banks which is in direct opposition to what the OP had in mind. I just found that to be quite ironic

Bob Hope

Gotcha!!! Yes very ironic. Ok sure while we are on the subject of banks any feedback on my AIB R/R trade? Please don't hold back.

rugbyman

Bob Hope wrote: »

As more of a lurker i would agree with you on the sub-forum.

I'm glad to read that you too see a different scenario playing out then full Nationalization. You are going to hate me for this but in light of your comment would AIB not be worth an investment (gamble is such a dirty word and besides it just semantics) @ 30c right now? In my opinion the market has already priced in massive dilution and since i too feel full Nationalization is not on the cards this seems like an excellent R/R trade.

FWIW i have been eagerly awaiting the Anglo full Nationlization news and headlines of "possible Nationalization of the big 2" as i believed this would lead to pure panic. The trading volume is indicative if this also. Screw this i'm in a few and will average down if need be. AIB will survive. IMO!!

Bob, your post at 13.51, suggested buying AIB at 30 pence. I hope you did because you can re sell now for 33% profit ,two hours later. Thats mighty.
Wrong thread or not, its on here you asked the question.

I have Bank of Ireland standing me 2 euro, and now AIB at 40 cent. Merge, Nationalise, Hail,Wind or Snow,I think i will gain. God knows from what I read on here my Anglo at average of 35 may bear fruit.

pocketdooz

lol

I rest my case.



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Time Magazine

I agree something should be done and there's no time like the present.

A few options spring to mind.

1. Open a "Banking Shares" subforum. (Won't get done tonight, but possibly in a day or so.)
2. Have one massive "Banking Shares" thread.
3. Have specific threads for each of AIB/BoI/Anglo-Irish/Others.

I've no great design on any of them, but possibly option 3 is the best. Any preferences? Should I add a poll?

pocketdooz

I would suggest a 'Banking Shares / Irish Bank Shares' Sub-Forum



Thanks
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Time Magazine

pocketdooz wrote: »

I would suggest a 'Banking Shares / Irish Bank Shares' Sub-Forum

Might not be all that much to talk about in a couple months :P

I've PM'd xebec to get his opinion.

pocketdooz

The Economist wrote: »

Might not be all that much to talk about in a couple months :P

I've PM'd xebec to get his opinion.

A temporary thing maybe - just for the current 'crisis' (implosion / disaster etc)

Bob Hope

Thanks for the kind words Rugbyman. Some positive news this evening on AIB. Trading @ 58c now based on US price.

Surprised not even one reply from any of the experienced posters on my AIB R/R trade. With their knowledge they must have jumped all over AIB this morning with me. Insane stock price for anyone who had ruled out full Nationalization. Also looked like capitulation (10x Volume). Nice gap now to be filled in the mid 1's.

Good luck with BOI and Anglo (wouldn't hold my breath on that 35c though).

Onikage

I will second Ixus's suggestion of a single megathread.

daveirl

This post has been deleted.

Bob Hope

daveirl wrote: »

This post has been deleted.

Man you have serious issues. :rolleyes: I have been waiting for todays panic selling for months so i could take this calulated risk. I took what i consider to be an excellent R/R trade on AIB today based on my reasoning that they would not be fully Nationalized. The fact that the minister issued a statement this evening regarding this was NOT luck as i was expecting this news anyday due to the implosion in bank shares. I am entitled to be proud as bunch if i make any profit.

So you were berated by people who bought Anglo at 12c when you said to stay away. Does that give you the right to berate me? HELL NO. Take your crap out on somebody else pal. Your resentment is disgusting.

AIB trades ADR shares in the US. Why do you find this hilarious?

Oh and i also trade for a living (US markets) so
Nah Nah Ne Nah Nah

daveirl

This post has been deleted.

DJDC

I have been waiting for todays panic selling for months so i could take this calulated risk. I took what i consider to be an excellent R/R trade on AIB today based on my reasoning that they would not be fully Nationalized. The fact that the minister issued a statement this evening regarding this was NOT luck as i was expecting this news anyday due to the implosion in bank shares. I am entitled to be proud as bunch if i make any profit.

You're a punter, nothing more. Just like the guys in the local bookies you take risks based on a hunch, a gut feeling. People like you are essential as they provide liquidity for the market, in fact right now you are giving others the chance to offload their Irish bank positions.

Mod: Please move "Irish bank gambling" threads to poker/casino forum or something. Hopefully that might encourage some real discussion on the markets here.

Bob Hope

daveirl wrote: »

This post has been deleted.

Today was the perfect storm for the following reasons:
Anglo Irish situation
Media headlines of possible big 2 Nationalizations
Governments folly on the stock market
Huge volume indicative of capitulation

They were saying they weren't going to nationalise Anglo right up to the last season. The stock didn't rally on any Lenihan comments. It rallied on retail investors pushing it up so that big institutions can dump all their banana republic holdings again.

Government had no choice but to nationalize as there would have been a run on the bank. IMO. I just don't see the same happening to AIB. If i'm wrong it won't be the first or last time.

All me and the others are pointing out are that there were plenty saying everything you are saying about AIB about Anglo last week.

I don't tar all banks with the same brush. AIB is not Anglo. IMO!!

The ADR disparity is usually quite large, I wouldn't read anything into it. If you think a single European financial trader will come in tomorrow morning, see the Dow down 300+ points, see Citi, BoA etc in a mess and then look at the ADR parity and think that AIB isn't a sell.

Actually there is hardly any disparity when the markets are trading simultaneously. The reason i chose to menton the US price today was because the news from government was pr'ed after the Irish market had closed so the US was pricing it in.

Just so you know i really appreciate all the posts by yourself and others as they have been invaluable. It just seems that this board is inhabited by permabears and when anyone even mentions the idea of buying a bank shares they get lambasted or ignored. Money can be made both ways even when it seems there is no light at the end of the tunnel.

Time Magazine

daveirl wrote: »

This post has been deleted.

Bob Hope wrote: »

Nah Nah Ne Nah Nah

It'd be nice if we didn't behave like children and stuck to the "attack the post, not the poster" rule. And how about we try keep this on-topic?

There are a few people who are against the idea of a sub-forum.

How about all the big banks get a designated thread with one more for general Irish bank discussion? If these get too unwieldy there's always the option of making a sub-forum then. Reasonable compromise?

Onikage

The Economist wrote: »

How about all the big banks get a designated thread with one more for general Irish bank discussion? If these get too unwieldy there's always the option of making a sub-forum then. Reasonable compromise?

A single thread like this would probably be easier to manage with the merges and locks but I'm not the one who has to do it so I don't really mind.

Time Magazine

Onikage wrote: »

A single thread like this would probably be easier to manage with the merges and locks but I'm not the one who has to do it so I don't really mind.

My opinion (not infallable) is that it would be far easier to moderate about big threads than one massive one. It helps keep things on topic (so not jumping from a post about the finer details of AIB's strategy to another about Sean Fitz's loans) and easier to nip fights in the bud.

We have permission for a sub-forum but xebec has made the good point that banking threads are probably at their height now so that forum might be very quiet in a few months.

I'd like to not have this drag on and on (maybe sort something out tonight?) so all feedback is appreciated.

pocketdooz

The Economist wrote: »

My opinion (not infallable) is that it would be far easier to moderate about big threads than one massive one. It helps keep things on topic (so not jumping from a post about the finer details of AIB's strategy to another about Sean Fitz's loans) and easier to nip fights in the bud.

We have permission for a sub-forum but xebec has made the good point that banking threads are probably at their height now so that forum might be very quiet in a few months.

I'd like to not have this drag on and on (maybe sort something out tonight?) so all feedback is appreciated.

Anything at all to free up the front page of this forum. Your previous idea about some big threads sounds great.


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Time Magazine

AIB
Bank of Ireland
Public Service Anglo Irish Bank
Others

Any other suggestions, let me know. I'll leave this thread open and close the others discussing banks. Thanks for the feedback.