David Pinsen's  Instablog

David Pinsen
  • on Portfolio Strategy & Asset Allocation
  • on Building Your Business
  • on Conglomerates
Send Message
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
My company:
Launching Innovation
My blog:
Steam Catapult
  • 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
Back To David Pinsen's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.