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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Baton who wrote (43173)	11/12/2010 2:22:56 PM
From: Bucky Katt	1 Recommendation Read Replies (1) \| Respond to of 48461

Don't know, but a lot of paper is set to be floated. A cautionary tale> DUBLIN (MarketWatch) — Champagne corks were popping across Dublin in February 2007 as Ireland’s ISEQ stock index briefly topped the key 10,000 level for the first time ever — a clear indication for some investors of the success of the economy and in particular the banking system that fueled growth. Two years later, anyone who took 10,000 as a buy signal had lost more than 80% of their money as the index crashed back below 2,000. If they’d put their cash in Bank of Ireland or Allied Irish Banks PLC the losses would have been 99%. The downturn started with the bursting of the country’s property bubble, swiftly followed by a crisis for the banking sector, which had funded the boom with construction loans that had little chance of being repaid. Now Ireland is planning 15 billion euros ($20.7 billion) of spending cuts and tax increases in a last-ditch effort to persuade markets that it can pay its debts.