Ireland Bank, American Dep. Shares (IREBY)

[Huggy Bear]

Kitchen and wind - I concur with your points in general.

I have heard the rumor of the AIB deposits moving to IRE but I have not been able to verify that from any source. Any links anyone?

Of all the banks in Ireland, IRE was the best on paper before and after the new bailout proposals. AIB is required to raise 8B in Tier 1 capital by February yet IRE only needs to raise 2.2B

It is entirely possible that IRE will be able to raise enough funds from other sources to avoid giving the Gov't over a 50% stake. Still holding at 37% I believe.

I'm in at 1.61 and 1.68 from a few weeks ago and I also plan on holding with blue knuckles - The shares are in my IRA and they might just stay there awhile, or like wind said I think, until there is a compelling reason to sell them.

Havent seen that compelling reason yet, and alot of upside potential but not for the faint of heart.

malc.