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Hairybiker's  Instablog

Hairybiker
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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????????
    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  http://www.ise.ie/index.asp

    Bank of Ireland  BIR.IR

    Allied Irish Banks PLC

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



    24/11/2010

    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........
    Nov 28 9:50 AM | Link | Comment!
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