Damn! I was right about the AIB short, it hit my target today on the money. So far low of day is 4.75. I tried to reshort it at 6.99 but I didn’t catch it. The technicals are correct in the end, you just have to trust them.
The debt buy back that shot it up to 6.99 was just a fluke, and a good entry point to short down to 4.75. I would be tempted to buy back on the upside, but I think that there’s more questions about the stability of the Irish financial system that could arise and make this a dangerous play.
Slowly but surely I will get the discipline to win at this game.