Hairybiker's  Instablog

Send Message
Bought my first stock last year 09 when the banks stock were worthless.. Made about 9 times my investment and got a great buzz and satisfaction out of it...So kinda hooked now and looking for the next golden nugget....
  • Greedy Bankers or time to get in???????? 0 comments
    Nov 28, 2009 9:50 AM

    During the week i read an article on the cheapest bank stocks around and why you should be buying them... one man's opinion i think.. I on the otherhand think that there are other bank stocks out there that offer greater investment value for investers...Being from ireland i have witnessed the collapse of our banking system which was brought to its knees which was caused by greedy bankers hellbent on making hugh bonuses for themselves by overlending to developers who caused a housing bubble that was always going to burst and nearly caused our banks to be nationalised by our government...They were not nationalised as the government thought that this would send out the wrong signal that ireland was no longer a place to do business...Hence comes the brainbox of N.A.M.A......use the taxpayer to clean up the mess ...Now with N.A.M.A  JUST A FEW WEEKS AWAY FROM TAKING THE TOXIC ASSETS OF THE BANKS BOOKS.... Is it time to get some bank shares in ireland..Volitility in the irish banking shares means one could make or lose 20% on your investment in 1 days trading so maybe not for the faint hearted....but this new to investing investor thinks its worth a gamble... 2 of the country's main banks are trading at moterate levels at around €1.70 ( todays currency exchange rates equates to about $2.55 a share which i think one would find it very difficult to find bank shares for that value in the states..) which is a fraction of what they were trading at 1 year ago...If you are looking to make a quick 75% to 100% return on your investment over the next 3-6 months then you should have a look at these stocks...If you are looking more at the long term 5 years or so then then these stocks are deffinatley for you too.....

    Check them out for yourself

    Bank of Ireland  BIR.IR

    Allied Irish Banks PLC

    Good luck investing from  The Hairybiker.........


    Fuck was i wrong about these company's...WHAT A DISASTER..Live and learn from it i suppose..SUFFERED A HEAVY LOSS ON THIS ONE...LICKING MY WOUNDS.. but question remains would i go back in at a future date... :}... maybe....?????????????? THEY OWE ME I SUPPOSE........

Back To Hairybiker'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
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.