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Yes, yes it would. We shall see.
Break .97 and were back above $1 today.
Good morning fellow longs. I see our speculation from last night is starting to validate
If retests in the morning at .8850 and shoots back up, prepare for a busy eow. IMO
Depends on the strings from above. In other words, wait and see what happens.
Depends on the strings from above. In other words, wait and see what happens.
That's what I initially saw before the double bottom. 1.80 was looking realistic. However it could very well surpass 2.00+
And you're spot on about the gaps. Lots of areas still untested
The charts look better. I think I see a double bottom on the 1yr chart.
Assuming best outcomes, we could see a 52-wk high
Tomorrow, we ride @ dawn.
That intraday upward trend looks nice. Trend lines show an upward move. Hopefully it stays that way.
In all seriousness, things are starting to take shape here. IMO
No regrets here. I tried.
I know. I was looking forward to bonding with the scamp.
It makes things interesting while we wait....
We invited him over for dinner one night, he refused to call me pappy. Ever since it's been a rocky friendship
One minute you say it's dilution pending an R/S, the next minute you say it's gonna pop. Not sure what your game is.
NBG is a big player in the economy of Greece. If they fold, they're taking a lot of businesses with them. IMO
Light volume today = Minimal Selloff
Must take after your mom.
OVERSOLD @ .90
He has a total of two posts.... Here, and BMSN. Kinda makes ya wonder.....
I've been comparing charts. GREK to nbg. They're in line with each other.
Perhaps .30 is possible, but that means grek will fall about 70% too. IMO. Which suggests Greece fudges their third bailout. My guess is we see a spike at some point before .30 (assuming the 3rd bailout fails)
Think I'll check back next week. Hopefully my money won't disappear by then. Maybe I'll invest more if it goes back up.
This needs a tsunami, if ya know what I mean.
BlackRock buys Greek debt – Bloomberg
Jul 21 2015 - 14:16 GMT
Business
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After months of political and financial turmoil pushed sentiment toward Greece’s beleaguered government-bond market to fresh lows, it received a shot in the arm from the world’s biggest money manager, Bloomberg reported.
BlackRock Inc., which oversees about $4.7 trillion, bought Greek debt last week, benefiting from prices that were overly depressed by investor concern that the nation would struggle to implement requirements of its latest bailout deal, according to Michael Krautzberger, head of euro fixed income for the company in London.
“For the more aggressive total-return accounts, we actually bought a tiny bit of Greece a week ago,” Krautzberger said in an interview on Bloomberg Television’s “On The Move” with Jonathan Ferro. “Obviously the headlines didn’t look good, but if you looked at the pricing terms we thought that the pessimism had gone too extreme.”
Krautzberger’s European team manages almost 60 billion euros.
Yields on Greek 10-year bonds and two-year notes have jumped this year. Greece’s sovereign securities overall lost 23 percent in the 12 months through July 17, making them the worst-performing sovereign-debt market in the period as tracked by Bloomberg World Bond Indexes.
The country’s 10-year bonds fell on Monday, with the yield rising 2 basis points, or 0.02 percentage point, to 11.26 percent.
Greece gave the order to repay 6.8 billion euros of debt on Monday, including money owed to its own central bank, as well as to the European Central Bank and the International Monetary Fund (IMF), according to a Finance Ministry official who asked not to be identified in line with government policy.
Bloomberg
Photo source: Twitter/ @equitiescom
Didn't Greece riot before? What effect did it have on NBG?
I see something in the charts telling me to hold. If not, I would've already left like a bat outta hell.
I don't have the patience for this. The Big boys are making enough money simply off the flips in between pennies. Dropping ten cents a day lately.....
Starting to feel like I'm better off throwing my money out the window on the interstate.
WTF. Just saying!
I think you need to make your own decision when it comes to your money. As for this stock itself, it's been dancing sub dollar. Very volatile, which isn't always a bad thing. But right now, the volatility sucks. lol
Let's see if this holds .90 as support. If it goes any lower, downtrend could continue.
Intraday doesn't look promising. IMO
Giving Phony Sizes
When a trade is called into the floor of the New York Stock Exchange (NYSE), it is immediately routed to a specialist in the stock, who often has limited interest in the individual trade. Because the specialist is being inundated by traders, he simply wants to find a buyer or a seller for your stock as soon as possible. Essentially, he is an intermediary, who sometimes takes positions in stock, but is really there to function as a liquidity provider.
However, Nasdaq market makers, routinely take positions in stocks, both long and short, and then turn them around for a profit, or a loss, later in the day. They provide liquidity, but they are also more focused on capitalizing on your lot of stock by buying it for their own trading account and then flipping it to another buyer. In any case, market makers will sometimes post phony sizes in order to lure you into buying or selling a stock.
DEFINITION of Tape Reading:
An old investing technique used by day traders to analyze the price and volume of a particular stock in order to execute profitable trades. Tape reading involves evaluating the size of stock orders, order speed, order price, and order condition (at ask, at bid, between ask and bid) to identify trends in trading behavior by insiders, professionals and the general public. These trends help a trader recognize good times to buy or sell.
Still have time for lower prices, IMO.
MM's playing games. Loading up below 1.00..... Fake ASK been showing up all day to drive price down & hiding their large bids. So while investors sell, they win.
I doubt it's going to R/S. Stock is down because there's an economical crisis in Greece. (in case you haven't noticed). Been going on for years. Like anything with world leaders, they wait until the final second to pull a deal out of thin air. It only took to be on the brink of war, but they made it happen.
This isn't the pink sheets here. We're talking about a Bank that has locations internationally. This isn't a scam. It's uncertainty. While there's investors who see this as an opportunity, others see it a mess and just want their money. MM's got this one by the balls.