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Re: None

Tuesday, 03/11/2014 2:36:50 AM

Tuesday, March 11, 2014 2:36:50 AM

Post# of 19165
Wait, hit the brakes. NBG gone up for two reasons. Mainly because it is the ONLY bank that come out and said "We are not doing another recap" and secondly because euro has gone up (it is getting close to $1.39). But the fact is that they need 2.2 billion euros and there are still many questions about how they are going to cover that.
Thanks to the "No recap" news many are pointing the share as a "buy" with prices from 4.2 to 4.5 euros which means from 5.9 to 6.3 dollars. But you should be careful with any future announcements about how NBG intends to cover that 2.2 billions from the stress tests.
Also in 20/3/2014 we will have the financials for 2013.

What I write is JMO. And don't forget. I am a noob, not a stock guru!!!

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