The Irish problem

It has been very sad watching events unfold in Ireland,  when it is ordinary people who are picking up the tab for greedy, incompetent bamkers.I transferred some Euros to my TDWaterhouse account with the intention of topping up on Greencore shares. They are issuing a final dividend and the cutoff day is 3rd Dec. Just before I placed the order I thought about buying some Bank of Ireland sharesBKIR, as they had dropped from their spike to 50c. However, I stuck to my original plan and bought GNC. I was relieved this morning when I saw that BKIR shares had dropped from 37c yesterday to 34 after all the shenanigans that went on in Ireland last night.As I write they have now dropped to 33 and are likely to go lower. I feel the pain of the guys on the BB who are losing money like water flowing through your fingers.It seems that if you are shorting BKIR then you are  making money. I have never tried shorting, its contrary to my nature but it seems that is the only way to go for BKIR.

What an interesting day!

I woke up this morning to find that the telephone and ADSL were not working. Rang SFR to find there was a problem with the line and they were working on it. I had no idea what was happening in the markets until the afternoon when it came back on. Then I found that VOG was up to 5.6p but more interestingly Sunrise Resources SRES had been over 2p in the day. Yesterday I had a sell order for 1.9p just for 1 day. I got on to TD Waterhouse website and put a limit order for 2.1p. I checked several times and althought the Ask price was over 2.1p the Bid price wasn't. I wondered whether I should cancel my order  and sell at market but I decided patience was better. I didn't need to sell the shares so I could afford to wait until it hit my target. Next time I checked it showed that the order had been executed and I had made 42% profit on a 6 week investment. I was very pleased, much better than the bank!
At the end of the day VOG finished at 5.77p which was very pleasing but Edenville Energy had been the second highest traded share of the day with 2 delayed trades  equalling 78M! However, the sp hadn't fallen much but it does beg the question - what is going on?
Now the key thing is what to reinvest in. I am torn between Leeds Petroleum(LDP), topping up Edenville and buying Bank of Ireland(BKIR). So far I have decided on BKIR although I may change my mind before the market opens on Monday.

Interesting lesson!

On Wednesday  tried to buy some Biome (BIOM) shares at 0.2p and had an order in just for the day. I wasn't successful so tried again yesterday morning but after a couple of hours the sp moved up and away from 0.2p so I cancelled my order. Today there was an RNS and the sp went up to 0.29p then returned to 0.23p by lunchtime. The quantity I was interested in wouldn't have made much profit so I lost nothing.
Instead I bought some Edenville (EDL) for 0.88p and in the afternoon someone bought 25M shares!! Today the sp has gone up 0.02p to 0.9p so perhaps I made the right decision. If I sell any shares soon then I will buy some Biome as I am interested in green energy.
I am also closely watching Bank of Ireland(BKIR) as not so long ago it was €1.40 and recently it has been in the 0.5 - 0.6 range. However, today it was down to €0.45 and I think it will fall further because of the situation in Ireland. However, when I get some more dosh then I will be buying these as they will recover and today's price is very good. Long term this will make money.