Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Up 5% premarket first tick. Although some banks are up 23%, like espswy whatever it is, sure you know what bank I mean.
How low will she go? China has yet to make any statement even after getting blasted to help the market by Japan. They don't do something its at worst hiring 22hun there on charts, even figures lower then that. As long as thats a issue where a sitting duck in a duck hunt. Charts on ADR says .53 max level towards downside. China not only affecting whole world that affects them. But it's directly somewhat relying on China in banking sector. Was rumored to also be a heavy investor in airport , and wanted to place money in banks to help them as long as certain requirements where made. Assuming financial benefits from it. So they're decline will only continue to that ends. So, China government helps, rally heavy into tmrw, no word, it's a nightmare. Already heavy crushed on futures.
Yup u got it. Just jealous cause u told me? Have no idea who you are, could careless what u think. Wish my life was that boring that I would be worrying about you. Lol. Like I said pink sheet comment says it all. They wouldn't wide up on grey sheets if they delist would they? Sure a delisting and shortage to zero would lead to q in grey market. But you know that. Would love to see your screenshot of your positions. Would put up a hun to your nothing. Send the hun to a neutral party , that you can't show any proof of a position short current.
Shows your knowledge ,
Don't think that notice means nothing today. They have six months to get it above a dollar. There not going to do a R/S anytime before knowing what IMF might do. Would be crazy too. Find it extremely odd that every time any stock crashes there's always a claim of getting the pps at near the days low. .58, how did you get the order filled? Find it hard to believe you bought on way down cause no one new the floor. The way up you had such a jam and under 10sec to get that pps in. Not calling him a liar, just I would only believe if I say it.
Was anyone able to actually buy any of those shares under .60? I have a 300mps connection and couldn't get nothing, impossible. More odd?? Preferred, was up for a good period of day. Still is only down fractional with support on bid. Common volume has left all together, along with a bad print of .62 a hour ago has just sent it fading. Made it sink under 100 and 200 1min mma.
What is that going to do for them? Would love to hear the rational on that one. Please explain your cause and affect on every sector of Greece, can't think of one that would improve any better then the bailout over the next ten years. You want to say 30 drachua would only crush them further, would be no pension reform , no social services of any form for any of the population. Wouldn't help the banks. You could say what is happening today its doing the same to the the whole world financial sector. If you compare to Greek banks, Alpha -19%, Ergasis -15%, Attica -15%, Pircaue -18%, as I write this they where 10% just went to 12%. So the best performing bank in Greece today. Which don't get me wrong is no accomplishments. But easy prey to pick on today.
Might not be that awful future is down 9pts or 2%. Shanghai has lifted of **200 level to **276, if it could rebound to the gap down of **388 level it would be good. All this over the Chinese Government not injecting into the market a thought over the weekend that was a lock. Like they said a big FU to the world, saw the us struggle into close on Friday and where like take this, we don't like you. Lol. Cause all weekend futures where OK. Vixx is about to reach top level also of oversold, at 26 level which is insane. What scary about us, the sp broke the trend line and but charts it's going to 1696 level of support. Damn that would be ugly. Might sell all at bell and sit out the week to it stops.
Edit might be that bad , first pre market quotes on Athens has it down 5% at .447 seems like they want to test the 52 week low early , believe its .43 breaks that, gonna be in for a beating.
You know your market sucks when you can't find a site, app, a trading platform.. That will give you any future quote from Greece. Only Interactive Brookers might about to check that. Shit, we might as well be vested in a Syria, Turkey, Egypt, Pakistan, all those have futures. Lol
Global Selloff continues China 5%- first 30mins. Doesn't bold well into Athens at 3:30. Was hoping Chinese would manipulate to try and end it, but no.
That much is true. When 70% of the picks are shorting , and of which 50% of those 70% are micro , your talking having 4x to 6x leverage behind it. There's to ways to play these stocks under $5 a share I believe. Its either be very very selective and long for spots to buy into it. Im talking 4 or 6 spots a month. Then there's the short side if you have the bankroll or if you can be able to build it to that point. Then it comes down to research and digging and digging on companies. I would bet 85% of stocks under 2cents are scams or completely unable to ever succeed. Those just drop to .0001 and then shell out in 4 years and start all over again. But shorting those takes major balls. Shorting from say .25 to 2. You have companies that most don't get just need to just sell warrants to have any chance longterm to succeed , if your able to follow those registrations and wait for pops and then short into those cause then those warrants will hit the market. The stocks from 2 to 5 on shorts, I think as long as you don't short a bio stock that change pop insane you don't have that much short term risk to take a beating. Anything over $20 a share , most of them, your better off going with your own gut feeling then anyone else's opinion cause most of those you can do all the research on your own.
The only way to short this now, would be long short puts. Basically, all new shorts, options is there only choice. Only so many shares to go around. I can't agree with you more about this. I got in, had the same mindset long term hold. But not going to sit around watch it go south and average down. Pulled my long at .83 , after being in at .91 pps. Pulled some at .87 also. Got crushed on that. Then jumped in again at .84, sold that at .81, was on vacation in Saratoga Springs NY. Lost a nice amount there. So this baby has beat me silly.
Then really loaded up on last weeks chart hoping for the cross and having 200 and 100 underneath support . But those two gaps down destroyed that whole plan. So I'm holding those, more at .75 and then even more on preferred at 3.73.. Might even load on Athens tmrw once I can here what the cost and terms are, if this has a positive Monday. Cause trends point towards end of month recovery and after that where trading on headlines that's it. Could recover almost all my loses if this thing could get to .87 two weeks ago interday high. Think its possible short term. Appeared to be a good long at first but seems to be a lot more spots that are in tons better position then this to stick with long.
Athens Exchange is open tmrw right? I know in Greece Tmrw is a National Holiday , but haven't read anywhere they are closed tmrw cause of the holiday.
He does post his profits and losses if your a member of a follower of one of the gurus. He might not even be the best guru on that site. Superman is incredible with his selections. Problem is he's 287$ a month where Syk is $100 I believe. Not to mention the chatroom info gives some great insight. Plus the knowledge of someone who knows all the promotors and there moves is priceless. Cant really talk about what his picks are or have been, cause the sight really looks around for that stufg. First, I thought he was a hustler who could talk. But after following his selections and seeing him talk about his winners and losers, and calling out other people who claim to pick everywhere, where they won't disclose and he does. Just watch a couple epsidoes of the ultimate trader challenge online and it might sway you. He's a different trader then most on there. Only makes 3 trades a week on avg, maybe 5. Plus hes got enough into it where his trades are for 5mins the majority. Where hes dropping 50 dimes to make 4 thousand. He mostly grabs .30 to .7 on a trade that's it. Don't get me wrong his personality and confidentence really is hard to like. But in my eyes he deserves credit.
Confusing first NBG are idiots then government is for not following past bailouts and there implemented laws. So exactly what did NBG do to influences the government on these issues. Good luck on your short. First are no shares available to short right now, if there where its a 8% loan on shares so profit is below .64 from this level. Highly doupt you even have shorted or could . Seems your more retail that lost with NBG and are now pissed. Like I say to all that claim to short or made huge profits. Verify it, Profit.ly or else any claim either way to me is be. Cause PEPs who claim to made money either way love to brag, so if they had and don't verify only leads to more doupt cause that's more of a brag. Transparency is everything. Http://WWW.profit.ly ,
No one is saying elections will turn it around. Where simply talking about news or anything that can affect the price short term in either way. Doesn't take a genius to figure out that the problems facing Greece are broad in every area. From pension to imports. But to say that NBG management are idiots I don't see anything in the past 3 years I can say that move was stupid. Banks didn't calse this problem and aren't the cause of any of the bigger issues facing Greece long term. They don't make laws on pension and taxes. They don't make the trade bills. They don't cause the 60% unemployment rate. Have they made some poor loans and financing deals , yes, but there interest appears at the time of nothing else then trying to better the country for the people that live there with business loans and trying to handle overwhelming dept caused by the government. If anything banks have been killed by governments decisions and comments over the past year that caused all the money to leave the banks. That's there problem. This can't compare to the US in 2008, completely different circumstances. Almost everyone here is swing trading this. Where discussing points that can make the pps rise or fall from news to technical. Reading first page of messages doesn't tell you what we discuss daily. Where talking about a double bottom oversold level, with a 8 month past trend of run ups of pps at end of month. Along with the pps trend of popping at earnings good or bad past two years.
http://m.theaustralian.com.au/news/world/greek-political-parties-in-race-to-head-off-election/story-e6frg6so-1227493616025
https://uk.news.yahoo.com/greek-political-leaders-row-over-165812580.html
http://greece.greekreporter.com/2015/08/23/what-is-wrong-with-the-system/
http://www.theguardian.com/world/2015/aug/23/yanis-varoufakis-convicted-high-treason-interview-greece-finance-minister-syriza
http://www.nationalinterest.org/feature/greeces-austerity-deal-welcome-power-politics-the-eurozone-13664
http://www.washingtonpost.com/blogs/monkey-cage/wp/2015/08/20/greece-just-called-new-elections-heres-the-background-you-need-to-understand-them/
http://uk.mobile.reuters.com/article/idUKKCN0QR0HA20150822?irpc=932
http://greece.greekreporter.com/2015/08/20/greek-political-parties-react-to-snap-elections/
http://fortune.com/2015/08/20/greece-elections-tsipras/
http://greece.greekreporter.com/2015/08/23/greek-main-opposition-slams-tsipras-for-refusing-to-meet-with-party-leader/
http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com//news/greek-election-campaign-to-begin-this-week-after-lafazanis-bid
http://m.timesdaily.com/news/world/greek-prime-minister-calls-elections-after-party-rebellion/article_241e9634-3d0a-5b34-83df-66f510113dcf.html?mode=jqm
http://www.swissinfo.ch/eng/greek-pm-poised-to-seek-snap-election-to-quell-party-rebellion/41614104
http://news.xinhuanet.com/english/2015-08/22/c_134542939.htm
https://www.rt.com/news/312922-greece-snap-election-call/
http://in.mobile.reuters.com/article/idINL5N10X0FG20150822?irpc=932
http://www.mininggazette.com/page/content.detail/id/914958/Greece-s-Tsipras-bets-on-early-polls-to-boost-reform-mandate.html?isap=1&nav=5016
Will update and paste more check back throughtour next 15mins having problems paste and copy on mobile.
http://www.kathimerini.gr/828180/article/epikairothta/politikh/tzefri-saks-parallhlo-nomisma-8a-odhgoyse-se-grexit
Just use translation from browser. Im using my android phone, but have a AOSP ROM, the browser wouldn't do it, installeded chrome and it translates like a charm
Good read from main Athens Sunday paper. Can't get a better oppion from a more brillant economic professor from Columbia Univ.
As for the 20day window, it starts after each party is given chance. Now they can pass and not waste the 72 hour window they have. In started Friday, can't find out if its business days or not. Anyone who knows would help. As far as political parts yea its insane from the names to the point of a political part of communist in there you mentioned. I'll repost the links that has the new breakdown of seats of party and Intentions if they will try or pass. What there chances are also. But also I believe it can be less then 20 if the President deams it sovernity
Important to existence of Greece. I'll post the links I have bookmarked of all the info I have on the election process , the party's and all the dd anyone would need to know on these issues
http://www.todayszaman.com/op-ed_greece-a-country-forced-to-sell_397275.html
Would be nice if this article has truth to it. Claims Chinese interest are also reportly interested in buying Greek airport. Would cause a flow of Chinese money into banks, also Qatar and Saudi special intrest have shown interest in other land buying. All that is fealthy rich I don't care money , also into banks. Would be to good to imagine. Call that a dream sate
They have six months from the first time a avg share price of a month has been under a dollar. So that would be end of July was under a dollar. Six months from then would be Feb 1st the avg monthly price must be a dollar, and even then, it fits consideration of special requirements consideration. The fact the country is participating in re-caplization, would fit. That length of time would be up to NYSE. Can't see this being a issue by then and if so then they will do a R/S. Would only make there current pps on shorts increase. Can't see anything of this nature until after 1st review so that if IMF is gonna participate they don't have a issue with that.
Agree , was just showing how incompetent that writer from seekng alpha was. How there is no edit in that article or retraction taken is crazy. Wonder how many people read that not knowing. Read a good trend on stock twits that should bold well for the short term. Its the connective months on run ups at bottom of end of months, also if they do announce earnings without a delay, the times it pops on earnings good or bad is crazy. Think this trend stays and we have a good end of month followed by 20 days of crazyness leading up to election.
Think the reversal was huge at end of the day Friday? Look at the technicals for every moment on charts other then the 5min chart which comes up buy on every technical, but from 10min on out to weekly all come up with sell. That is why this needs to have a good Monday so those technical signals will enter the 10min out to the 30min. The 30min techs and chart is so destroyed. Gonna take a week to start over, what was forming into a great situation , untill the shorts just ripped that hope to shreads.
http://www.investing.com/equities/national-bank-of-greece-sa-technical?period=300
I think the runup on both is the same. Untill we here more info. I think if one is going to sink then they both will sink at this point. The only thing the preferred has at this point, is its not being played with cause of the spread and the options on long short putts . But the preferred has such a low float and low volume , believe 85k a day. That its hard to get a true read on. I doubt any big hitters or any really long NBG preferred shareholders who are still in have any plan on selling now. So the pps is there is made by retail investors. Which some dont like to sell and be waiting a hour to over s hour on the ask side. End up just selling if the bid is close. There's no way that it should be at 52week low and down 15% yesterday, talking preferred. I can't see in a million years that this to date is the worst time for NBG. That's why I think my 3.73 entry, I can get out at 5.00 by Tuesday there and make 25% , to recoup what I'm down on common like you said . I hope , which lately has been like Bob Hope, which has no hope.
Here is the link to the terrible article I was talking about, make sure to unlock read the full article, and at the bottom of it is readers comments have to read them priceless.
http://seekingalpha.com/article/3441806-a-different-way-to-play-the-national-bank-of-greece-story#comment-58581986
You know another good read I found was a seeking Alpha article, its labled "How to play NBG". The article is full of so much miss information about the deal its crazy. It goes to say that NBG will end up at zero from dilution or a R/S, it then goes on to say how the only hold play is the preferreds and that's if they structure the deal a certain way. Otherwise he states that will end up to zero. This article is written in the past 15 days. What the author fails to write is how the EU leader of the deal has stated that in no way is the shareholders gonna be part of a bail in. I really wonder how much selling that writing caused. What's even more funny is there is no retraction taken from the editor to date , nothing from the author. I'll try and find the link in my history. But it's full of such bad info that's not true. After you read it , read the comments from people below it.
Little concerned on stock twits everyone is claiming double bottom and 90 to 1.3 reversal for commons. Shorts have nuclear weapons here, so we need help in form of bug buyers.
Hopefully this link works, this chart here was being used by shorts on stock twits. They where gonna bounce at like 2pm was suppose to move to the bottom of the downtrend and if it clean broke, think we would have been free falling. I'd say between 1230 and 245pm this had little volume. They couldn't push it in any lower. Whether it's lack of short shares avaible or if it was the bid at .,70 but it never even tried to whack it.
https://drive.google.com/file/d/0B4jOft0jxz_ENFM3NGgwc1RZTWc/view?usp=docslist_api
Yea was a huge interday reversal. If I could post a pic of the chart it would help explain the shorts where waiting for the down trend to continue and got caught with no volume and 500k bid on .70 Totally screwed them up.
Now I'm over over weight on this....Risking my yearly earnings on Greece ...that's insane.. Feel like its groundhog's day. Each day we all feel the same but wake up to sane results. Lol. Has to change. What's weird is NBG on mexico and Egypt was positive for the day!! Figure that out
Think the preferred at end of day was better value. This was down 5%, where preferred was at 52 week low down 18%, on a serious of panick sells. Looks as if stop loss where triggered. Was able to grap 5300shares at 3.73 the 52 week low at the Bell after this spiked. Under assumption of what's been said and there's no bail in on either stock. Preferred is much better. Even has a forward pie of 1.4. Now that being said, I probably jinxed it and it will go lower . missed after-hours so not sure how the tape looks...was it spot sells after hours? Or constant action?
Aint that the truth. This is a lottery ticket cause any moment something crazy can happen to make it double in price either way. Really feel like no one really has a true idea what direction long term its heading.
I cant see it being certain. Couldnt break the .70 line. Action last 30 minutes was compelling. They have earnings next week. During the bailout there where reports that the banks really came up not in that overall bad shape as before. That could make it spike next week if it comes up anything rosey
They got me back for more at the end. With the spike at the end, the fact that for a good period of the day, NBG was positive on Athens, it was down 6% but the preferred was sitting there down 15% so It was tooooo tasty to avoid, bought 5300hun shares at avg 3.73 preferred had no action the last 30 minutes only buyer was me. Nothing moved off the ask,
Someone is crushing the Sept 18th puts my god the action the last ten minutes is unreal
Be very careful here this can take a big drop on technicals near a trendline down interday breakdown
Even more of a reason outlook is positive i think, this was postive on Athens exchange for a period of time. Back down three, but still climped out of hole for, I look for this to bounce upward on European close in 15 mins
The following reasons I believe are affecting the pps the most. The spread of ADR vs Athens. Gapped closed five sessions ago, price was staple, gap came back, and now heavy hitters are doing the spread again. Good news only 500k shares out there left to short. Updated article on spread
http://seekingalpha.com/article/3454726-national-bank-of-greece-arbitrage-round-2
Factor 2, the pending elections. Although the other parties have no chance there still having a affect. First party has two more days. That gets us to sunday. Then 2nd party is passing, and the 3rd one will try but also has no chance. Wont paste links to that cause havent found anything that states there chances are slim to none
Factor 3, overall market, and self off in general, stocks that are crushed before always get punished worse. Like we are
Positive outlook, by all things given and read, former prime minister still is 61 percent favorable, population is 65 percent want to stay in euro. Other candidates dont. That equals a win. Thus better for IMF in October, will have a more staple government.The pps is holding above .695. The October and November calls and putts today. Calls have only volume for day in October and November calls for 1 and 1.5. So someone thinks this is gonna go up.
Possible hedge, Euro online books, Greece to leave euro, is 40 to 1, any other candidate to win election other then Alexus is 4 to 1. If your worried about those issues theres your hedge.
Now a simple question that I don't know the answer if anyone could help. I don't ever trade margin. My brother wants to send 10,000 in on margin. If he invests the 10 thousand in a stock that's 50% marginable his buying power is 5,000 and what is the non marginable buying power? I believe its nothing, he believes he has non marginable buying power. IDK. His plan is buying 10k in preferred at 50% marginable and then taking that 5 dimes and buying common shares. I dont think he will have that much buying power on a non marginable 2nd postion.