Target price reached for ABN Amro

I am pleased to report that ABN Amro reached its price target of EUR 28 yesterday on rumours of the company being split up, followed on earlier rumours of the company being merged or even taken over by Italy's Unicredito. As mentioned in my posting on 13th of December, there's a lot going on in the European banking industry and it needs to be watched very closely. For now, I think ABN Amro has limited upside potential and is sufficiently valued, knowing that the rise is mainly caused by speculations about the company's future. I would certainly wait for a correction until buying this fund again. On my list of stock picks, ABN Amro will be 'clicked' at EUR 28.