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David Pinsen
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As the founder of Launching Innovation, David Pinsen has brought together a talented team of developers, designers, and academic finance experts to create easy-to-use tools to solve complex problems for investors. David Pinsen brings 17 years of business development, innovation, and financial... More
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  • AIB down more than 30% overnight in Ireland on news of second bailout 0 comments
    Sep 30, 2010 5:34 AM | about stocks: AIBYY

    According to an article today by Finbarr Flynn of Bloomberg ("Ireland to Take Majority Ownership of AIB in Bailout"), the Irish government could end up with 90% of AIB:

    “The big surprise is the increased capital number for Allied Irish,” said Sebastian Orsi, an analyst with Merrion Capital, the Dublin-based securities firm. “The government could end up with over 90 percent of the group, subject to investor take-up of the planned stock sale to shareholders.”
    On the Short Screen message boards at the end of July, I noted that I had purchased $2.50 strike, February 2011 puts on AIB.

    Disclosure: Long puts on AIB
    Stocks: AIBYY
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