Allied Irish Banks (AIB)

[Blckcat5000]

Stocks like these move on speculation, rumors and overall trend of the EU market. Here is a positive spin on AIB,

"Europe had to bail out Greece, and now all eyes turn to Portugal as the next domino to fall. Moody's just downgraded the country's debt, and observers expect a bailout soon. Banco Santander's (NYSE: STD ) Portuguese unit, Banco Santander Totta, had sidestepped a previous downgrade of banking interests by the rating agency; this time, it wasn't so lucky. Ireland just nationalized much of its banking system, folding all financial institutions into just two banks, Allied Irish Bank (NYSE: AIB ) and Bank of Ireland (NYSE: IRE ) , thus guaranteeing their survival."

This week has been great for the NYSE, the next major date for AIB/IRE is June 2011. So, I'm going to enjoy the run, however be cautious this weekend with our gov't economic ambiguity... today should be a good day!