AIB shares fall below €1

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.

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