RE: Anybody have an opinion on the bailout?AIB/ Allied Irish Bank is currently a STRONG BUY at sub $1.00.
It has been a strong buy since 0.76 low of Oct. You could have bought at 0.76 and sold out 2+ weeks later at 1.40... then, waited for the smoke to clear on the 'bailout news' when AIB dropped to 0.92 and re-entered or accumulated more shares.
Key internal changes with essential re-structruing has/is taking place.This is a great long term play. There's good money to be made long-term and as well if you know how to 'day-trade' it.
I predict $1.50 by year end (2010) and 5yr Sub-$5.00 ( 5x profit), 10yr= $20+.