http://seekingalpha.com/article/282...diculously-overpriced-vs-london-listed-shares "This article will show that in order for IRE shares to move to parity with BKIR.L, the stock should fall by about $0.90 or 58%."
there goes IRE, breaking below Friday's low, down to $1.35. But still very overvalued compared to the London shares (0.105 EUR * 4 = 0.42 EUR ... 0.42 EUR * 1.4200 = $0.60 Still $0.75 downside remains
very odd . i think it might mean that the insiders know the world will be coming to an end as we know it before this can converge. so why bother.
Your "end as we know it before this converge" sounds loopy on face value, but then again the way IRE trades at such a massive premium is even more loopy. 0.093 * 4 = 0.372 * 4 = $0.532 versus New York $1.35 $0.81 downside remains
IRE breaking strong support at $1.20 0.088 * 4 = 0.352 * 1.4219 = $0.5005 versus New York $1.18 $0.67 downside remains for IRE