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Monday, November 22, 2010

IRE, Bank of Ireland Bailout, Buy, Sell, or Hold?

As the market closed on Friday, I decided to avoid purchasing shares of IRE stock. I liked the idea of a looming bailout, and a potential bounce. However, as the bailout is unfolding shares of IRE are down significantly in pre-market trading. The market does not feel bailouts are going to be enough to bring world economies out of their current funk. While a bailout will prevent a present failure, it does not guarantee there will be a recovery and eventual return to a healthy market. I am glad I held off on a purchase of IRE shares, maybe I will pick some up on the oversold side.

Always consult a registered investment adviser before making any investment decision. Penny stocks are very risky and investing in them can result in entire loss of investment. PennyMarkets contributors are not registered investment advisers.

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