General Stock Ideas

[gfp927z]

Fwiw, SNMX is starting to look like it could bounce back some in January and get back above $1.00 (currently .97). Interim target would be the 1.25 area, which corresponds roughly to the falling 50 MA (1.21) and the November resistance range around 125-130.

For the riverboat gamblers out there, the Greek banks look interesting as a high risk lotto play. One I'm following loosely is the National Bank of Greece (NBGGY). The thesis here is that with Brexit and the banking problems in Italy and Germany, the last thing the EU wants is more problems in Greece, so they will do whatever it takes to keep Greece in the fold. Sure enough, the EU recently announced some further accommodation with Greece, which gave the sector a boost. The Greek bank stocks were completely demolished several years ago but formed a one year base in 2016, and the charts now have that mega-lotto look, albeit with high risk.