ISEQ crash deepens - down over 70%

[kerrynorth]

BTW the financial institutions always accept their own and most other financials shares as security against loans. With all the financials down circa 50pc, where does that leave the banks security?

[youngdan]

Ihope to save some people some money. The temptation to buy will be rising. In 1929 a lot of money was lost in the initial panic but much more was lost by the people who bought the perceived bargains after the crash. After the bounce these shares did not bottom until 1933 at much lower levels. We have yet to see the panic selling and the bounce.

[kerrynorth]

The ISEQ has finished down 255 to 6397. I wouldn't walk home along any of the bank/broker HQs - you never know what might land on top of you?

[Eirenua]

Ihope to save some people some money. The temptation to buy will be rising. In 1929 a lot of money was lost in the initial panic but much more was lost by the people who bought the perceived bargains after the crash. After the bounce these shares did not bottom until 1933 at much lower levels. We have yet to see the panic selling and the bounce.

Well after yesterdays shananigans from BoI, I got worried and took a step back. I was going to have a punt on IAWS when I recieved the alert and was cursing my luck when they rose to over €15 and I kicked the cat but was relieved when they dropped back and dropped even further today. I wont be having a punt for awhile I'd imagine. The only punt I'm having at the moment is on paddypowercasino.com (up €26 at the moment on roulette)

[saratoga]

Ihope to save some people some money. The temptation to buy will be rising. In 1929 a lot of money was lost in the initial panic but much more was lost by the people who bought the perceived bargains after the crash. After the bounce these shares did not bottom until 1933 at much lower levels. We have yet to see the panic selling and the bounce.

I hope you're right, cos that'll just make these banks even cheaper. AIB is now on sale for less than 6 times its earnings. Very cheap. I bought some of it at €17, and bought some more today for €13.20. I'd be only delighted if it were to slip down to €10 or under, I'll keep buying it as long as people keep selling it.

[youngdan]

You may owe the cat an apology, actions more extreme than yours was the origon of the term Dead Cat Bounce.

[Gimpanzee]

I hope you're right, cos that'll just make these banks even cheaper. AIB is now on sale for less than 6 times its earnings. Very cheap. I bought some of it at €17, and bought some more today for €13.20. I'd be only delighted if it were to slip down to €10 or under, I'll keep buying it as long as people keep selling it.

Anyone know what is the story with the dividends - will the banks drop the dividend per share now that the share price has plummeted? They've been fairly attractive over the past few years - easily outstripping interest rates. They would be seriously attractive if the pay out per share holds given the low price per share....

[saratoga]

You may owe the cat an apology, actions more extreme than yours was the origon of the term Dead Cat Bounce.

My actions aren't extreme at all. I'm buying good stocks cheap. As long as they keep getting cheaper, the bargain gets even better. If you think the likes of AIB is going to be on sale forever for less than 6 times its earnings, well that's your business.

[youngdan]

Saratogo. You are falling victim to Averageing Down as most of us have at one time or other. It is fatal. Look what has happened to Bears Stern since we talked about it at 104, 93 today.

[Eirenua]

I hope you're right, cos that'll just make these banks even cheaper. AIB is now on sale for less than 6 times its earnings. Very cheap. I bought some of it at €17, and bought some more today for €13.20. I'd be only delighted if it were to slip down to €10 or under, I'll keep buying it as long as people keep selling it.

Don't jump in just yet saratoga, there may not be much left to buy.



Hold tough for awhile