Ireland Bank, American Dep. Shares (IREBY)

[401kobessive]

I would be happy if it trades at parity. I would be happy to see the one year high on BKIR of .42 euro. I think many used the parity issue to drive a short position. It worked. They drove it down. Doing the math: a 10k purchase now gets you 2 million dollars in BKIR shares five years ago. Now, I know that its a different company now. However, alot of the infrastructure remains. I purchased my shares to hold long term in a tax free account. I plan on looking back many years from now and being glad I made the gamble.

I have recently wondered why the share price has been spiking. I read somewhere that earnings would be coming out in March. I thought maybe a leak occurred or a huge amount of speculation is occurring. Thats my guess.