Ireland Bank, American Dep. Shares (IREBY)

[Huggy Bear]

Regarding IE news article. Personally I disagree that there would be pressure from the bondholders who exchanged for shares at this level. The haircuts taken were alot larger than this, and remember the previous years haircut before the latest round. The selling pressure between .15-.20 will come mainly from the traders who have jumped in - The author is paradoxical in his assumption that .15 will have buy/sell pressure - On one hand he says institutional players are getting in and the other he says bondholders likely to cash out...

Makes no sense to me. Article seemed more like a limerick than a statement of opinion.

On your post about TA, we see the next logical points of resistance of IRE around 11.25-11.75 and then maybe clear to 16, should buying pressure across the pond continue and BKIR try to settle in next around .20

Clear to around 16 is only if IRE wants to start adopting its old premium to price valuations, which should not be shucked off, being as pure volume should tell everyone that this is a traders stock again in full force and treat it as such. All my pure falliable opinion of course.