Allied Irish Banks (AIB)

[Blckcat5000]

I've been watching this stock since spring 09, and perhaps now we've finally hit bottom. Although the gov't has majority influence with AIB, and some with IRE, AIB has shown back-to-back 20% gains. This stock usually has good days back-to-back, but be cautious it can drop quickly. This morning i had a stop-loss at 4.75 and sure enough it closed at 4.09. So, I got lucky considering I was in at 2.85 from last week. I am back in with both AIB/IRE. The stress tests didn't seem to negatively effect these stocks and some global investors are saying now is the time to buy in on Irish debt. There is a lot of upside here if these banks can avoid 100% nationalization following this new 2 Tier banking system. I am all for long-term capital gains, but with these stocks, you may just take what you can get.