Bank of Ireland (IRE) has broken out from its long-term trading range, soaring 16.60% over the past five days.
The good news from Ireland continues. Ireland exited the European bailout program on Dec. 15, and its recent debt offering was four times oversubscribed. All of this confirms the Irish turnaround story that I’ve been writing about for over a year.
With your April $15 call options (IRE140419C00015000) now up 66.67%, sell half of your options here to lock in your gains.
Hold on to the stock and the rest of your options for potentially bigger gains ahead.
If you asked the executives at Bank of America, Morgan Stanley, Goldman Sachs, Royal Bank of Scotland, Citibank (plus 11 other major international banks) to pick a number between 1 and 20, it’s a fair assumption they’d all pick “13.”
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: