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.”
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