I keep watching AIB's stock every day, I don't know why this stock in particular interests me. I have warned against buying it a couple of times, and it dropped almost 50% since the previous warning. Now at the current pricing of $1.13, a drop of 1 cent...
I wasn't right about many stocks, including GOOG and RIMM, but I was right about one stock, AIB. This stock was over $2 just a month ago, and now it dropped to $1.18, its trading is now more or less like SIRI (which is a bugs bunny stock).
AIB is now...
AIB is the stock symbol of Allied Irish Bank. Ireland credit rating was cut yesterday due to its weak economy, this only can only mean one thing, that the cost of borrowing will be higher. With a higher cost of borrowing, Irish banks will suffer and the...