USMC's No BS DD - Page 3

Nice picks. I'd like to see GSL break above 1.49 and then it's off to the races IMO.

USMC: I do not know what price you got in at or when and or if you have much of a loss /profit.

AIB

I am irish so maybe i can help you. We have set a bad bank to handle a lot the toxic loans AIB And Bank of ireland has, It is called NAMA. It is meant to come into operation this january.

Any delay in this might see the share price go a bit lower, however after NAMA you might see the share price start to recover. There is always the risk of nationalisation but depending on the definition of nationalisation i dont see it ever happening. Another bail out by the goverment would be considered nationalisation and that is a possibility but its a term not a reality.

I would consider the effect NAMA is going to have on the share price. It isnt nationalisation but a generous offer by the goverment to allow a sell off by the banks of toxic loans at a generous price. Post NAMA if all goes as planned we might well see the decline in AIB sharply tuun around.

Post NAMA if there are no more issues it will recover a fair amount share price by march but irish banks are so risky right now and many want them nationalised but the goverment wont allow it to happen for now. Ireland like spain and greece and iceland is lagging in the recovery from teh recession and 2010 is going to be a bad year for us with the light at the end of tunnel in 2011. So maybe a French or german bank would have been a smarter short term investment. Although do they not say financials follow recovery initially.

We the tax payer have to foot the bill for the the banks.




New york times.


Bank of Ireland And Allied Irish Banks, plc Set To Unload $42.5 Billion In Bad Loans-NYT
Monday, 30 Nov 2009 06:03am EST
The New York Times reported that according to Bloomberg News, Bank of Ireland and Allied Irish Banks, plc may receive a combined EUR28.2 billion ($42.5 billion) for the toxic property loans they are selling to the National Asset Management Agency (NAMA). Bank of Ireland would get EUR11.2 billon for the loans it’s selling to NAMA, that figure is based on the government applying a 30% discount to assets NAMA plans to buy. Allied Irish said it may receive EUR17 billion based on the same discount. Ireland’s government plans to rid the country’s lenders of toxic property assets by buying about EUR77 billion of loans. The purchases will be made at an average discount of 30% to reflect declines in property values. - - - - - (repeated)

GSL has been a nice low volume flipper for me. I have a BOATLOAD of free shares in my sweeper acct. It really doesnt get much attention but still has had some slow steady gains. I like the potential of it and thats why its one of my holds- plus I'm in FREE thats even better.

USMC, nice pop for you today on AIB and MPEL

I want to show you something on the AIB chart that could hel you in the future--it is the 1st chart pattern I learned to recognize, the bullish pennant




Look back to 9 sessions ago--the big green candle where AIB bounced off of $3--that is the "pole" for the pennant. It closed above that horizontal blue resist/support line.

Next day it pulled back and closed a little below the blue line

Next day it popped and closed above the line again

Then it slid back down to the blue line over the course of a few sessions and the last 2 days last week it was right on the line, but it held that line of support.


That little formation, if you look at it resembles a pennant on a pole blowing in the wind. Since the pole was green and the pennant was basically headed back down, it is bullish. It normally breaks to the upside, not always but pretty reliable.

Today, it gapped up, and notice where it gapped up to...the 20 day SMA, and it went on to run and close above the 20SMA. The 20SMA should now be support

It could very well pullback to test the 20SMA and then bounce. There is resistance at the 4.50 area but I think this is headed to the 50day SMA which is just below $5

GO AIB

Hellooooo newbie thread. Man, getting slaughtered here!

AIB should be moving this upcoming week, financial industry should be moving..

Nice job on CGR USMC, thank you--I plan on reentering that when I have cash. If you're looking for one to do DD on (smile) What's your thoughts on ABK? Is that one going to get completely killed, or recover nicely? Enquiring minds, and all that....

bs bs! i smell bs! jk

ditto

Hey USMC, what do you know good about CRBC since we're talking financials?

Thanks, I'll certainly do that.

I see they have earnings coming on the 28th after market close. Is your take on that in the thread also? If not, I would be interested in that.

Thanks!

Thanks. I just read the last 4 pages. I'm going to ride this until a few days before earnings. Unless it spikes before that for some reason.