On November 20th 2008 I wrote a post for this site about AIB shares dipping below €2.
At that point noone could even imagine what has happened since. As I write AIB shares are trading at 80 cent.
In a bloodbath morning on the ISEQ, Irish bank shares have fallen by almost 50% as fear grips investors following the nationalisation announcement of peer bank Anglo Irish late last thursday night.
If this fear is irrational then this is a definite BUY opportunity on AIB, BOI and ILP but if not then who knows what awaits us.