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AIB - More bad news for AIB

03/30/2011 03:38 PM by Dave Pinsen

Reuters reports that shares of AIB will be suspended from trading Thursday in advance of the publication of new stress test results. Shares of AIB have continued to slide since its 1-for-5 reverse split, and on the news today, the August expiration puts on AIB I'm holding (pre-split strike price: $1; current strike price: $5) rose 20%.

Background post on my bet against AIB: http://shortscreen.com...

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  • 03/30/2011 07:29 PM by Dave Pinsen

    Reminder for new readers: we're giving away an iPad 2 on Short Screen. Deadline to enter is tomorrow. Contest details here: http://steamcatapult.c...

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    3
  • 03/31/2011 07:30 AM by Dave Pinsen

    Trading in AIB stock may have been temporarily suspended, but its bonds are trading -- down: http://www.reuters.com...

    Rating:
    3
  • 04/04/2011 07:18 PM by Dave Pinsen

    And today AIB was up 39%.

    Rating:
    3
  • 04/05/2011 10:57 AM by Dave Pinsen

    Another double digit up day for AIB so far. Amazing. I'm down 15% now on my AUG 5 puts, but still holding. I find it hard to believe this rally will last. AIB's rally after its previous stress tests (last summer) ended up being short-lived.

    Rating:
    4
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