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No problem
Reverse split
i.e. A 10:1 R/S would turn 100 shares into 10 shares
Not much action in pre-market. 2500 shares total ... Last trade at $0.76.
Crazy how their market is taking a dive. They need to lift the restrictions and get some money rolling through. Then again, ours isn't doing so hot either. I think it's safe to say the bull market has come to an end here. It's time to trade the swings on everything until the bears lose their grip. I have a hunch we'll be seeing a major market correction soon.
My buy order was in for $0.75 in regular hours - just changed to pre-market order. If it goes through, fine. If not, I'll wait to see how the day transpires before jumping in.
I don't think we can put our finger on anything tangible with the future pps of NBG. I believe you are right about them not wanting to dilute further at these prices, but maybe they will dilute after a R/S. The point of dilution would be to raise more money. They know that they can't threaten to wipe everyone out and at the same time add new shares to the float. Nobody would buy into that but a fool (P.S. Maybe we're all fools). So, maybe they have until the end of the year to play it right...get things looking good to new investors. This is a gamble at this point, and my bet is that we are ok with swing trading until the end of the year - at which point I will re-evaluate and decide to stay or go. If we see a R/S, I will start to worry a little more...looking to recoup over the period of a few trades and then get outta Dodge. For the record, I don't enjoy gambling. I thought this would be in a better position by now. But that's life, and I'm going to hang in there and play it out. There was talk of some senior bond holders willing to inject more cash into the bank (as an outside re-cap...maybe in the form of new bonds) in an effort to hedge against losses on their existing investments. On another note, NBG was invited to make a chunk of money on a bond issuance recently (for another business) and they declined the invitation. Who turns down easy money like that? That's either reason for concern or comfort... The bottom line is, there are too many unknowns. I'm no technician, but I am not certain the charts carry their usual clout in this situation. We're far left of normal, for now. Greek tragedies...always so dramatic.
I'd be absolutely fine with that being it and moving up from here - even though I never got my order filled at $0.75. I'm keeping it open just in case. If I don't get it, I'll be happy with the profit that's coming our way. I'll be one the road all day tomorrow and off the rest of the week. So, I'll be able to pay attention to this a little more.
Long, busy day for me. I see things haven't changed. I missed my limit order by a penny, lol...dagnabbit
Maybe tomorrow
Hit the nail on the head with the mass ignorance, entitlement, I'll-conceived opinions, self-promotion, I don't want to work for anything but still want a check mentality.
As far as this ticker is concerned...it's been screwed up since the HFT hit and brought it down. I noticed it as it was happening but didn't reflect back to it until just now. It seemed that the bots were all over it for several days. It's going to take some really solid news and numbers to get people building this thing back up...IMO
I'm just hopeful that we don't all lose our a$$es here. This is dragging out far too long.
I'll go along with that. Bush had his turn. It's Obama's turn to own his crap...and that of others, too. Lol
There's still time, and I'd be willing to bet we'll see a R/S before it hits the Pinks.
I also think we'll have better pps opportunities to average down. I set my target pps. Just waiting on the buy to go through. Until then, play the swings.
Last week's news.
I don't think we see a complete re-cap until the end of the year. At least not until after the stress test is complete.
Down in pre market. time to load. Any bets on today's LOD?
They win the popularity contest. There are other brands/competitors, but none have cornered the market like Fitbit...brand recognition...even over the Apple watch. I think they have a smart team. It may be a short lived success, but I doubt it.
idk, but it'll eventually skip forward
Or maybe not. Maybe I'll be around for a long time, but in and out...like The Who - Squeezebox
Swing trade definitely looking better and better here. I wouldn't want to take the downhill slide. Want a good long term investment?? Check out RAD and FIT.
The fact, as I understand it, is that they will just write down the debt to the junior and senior bonds. They will not get repaid, and the bank will no longer owe the debt. I think we have some time before any further dilution takes place. It will depend on the stress test and how well the recap goes without adding extra shares. JMO
NBG - Lean, green, up-ticking machine
Remind me never to buy bonds from a bank.
I'm just hoping they take everyone into consideration instead of recklessly diluting for the easy added injection. Some dilution is understandable, but flooding us down to mere pennies would be uncalled for. So, what'll come first, the reverse split or dilution. I expect the R/S first to keep the ticker alive and well.
LMAO! Yeah, I know it. The dilution threat scares me a bit though. I'm holding on, regardless. Profit or Bust!
Wall Street Journal - I know...doom and gloom on Greek banks, but I still give the article from earlier in the summer some merit ... Be sure to read the corrections at the bottom. Nonetheless, some in charge would love to see us diluted to oblivion.
We're staying green, but it's a lean green.
Ok, maybe not just yet, but it wants to...or maybe I want it to.
Heading to $.90
Damn skippy. I want some money, too. Break even isn't good enough.
Can't time the market, but we like to try anyway, lol. I have a target price for my next buy. It'll get me below $1. I'm not buying otherwise. I'm about to put my limit order in.
If we see a day in the mid $.70s this week, I'll add to my position. I want the most for my dollar. If not, I'm averaged in low enough to be happy where I am. I was going to buy tomorrow morning, but it always seems to drop after I add. I'm going to wait and watch the action this week before I commit.
I planned on it...at least once more
Nice dialog going on here this morning. Good points across the board...helping to renew my faith.
Yes, my thoughts exactly
True, and if it's bad news, we won't be able to sell fast enough. If it's good news - maybe a nice pop. Risky business right now...
it is not outside the realm of possibilities
Thanks beta
I think the reduction from 4 to 2 banks vs. client increase is all relative and doesn't create more business for the new banks per say. It all comes out as a wash in that regard. Same number of accounts merged into one location instead of two. Is Piraeus bank publicly traded? I've never checked. If not, it's the only way I could see NBG pps benefit from the merger. It would be new business into an existing ticker. Otherwise, we may actually see a slight drop in pps from a merger - at first. JMO
Sounds good to me