Replies to post #1419 on Ireland Bank, American Dep. Shares (IREBY)

[Gaintrader]

I'm not too certain about that quite yet... BKIR @ .273 x 1.367 x 40 = 14.95, meaning today's low trade (thus far) of 15.25 was still over BKIR by 2%.

With the "gaining" pattern showing (late) today, I expect the close to be around 15.98... 11:30 trade @ 15.82 + .16 (1% of 11:30 price) = 15.98. If IRE follows the pattern, that will leave the arbitrage at 1.03 at closing, or nearly 7%. If the 10% holds instead, we close @ 16.45.