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Ive read that article many times today already. Curious as to why the CFO from Eurobank is now, perhaps, the CFO of National Bank of Greece. Odd.
I hope we get some yummy aftermarket news that just squashes the shorts. :)
A little research will show that Paula Hatzisotiriou is the CFO for Eurobank. With the Greek government opposed to Eurobank and NBG merging I wonder how she is now, all of a sudden, the CFO for NBG. They merging afterall? Something definitely interesting is happening here.
There is no reason this should be at 3.35 cents a share now. I am all about some $25.00 / share action. The high 7 years ago (at the current price split) was at $670 a share. $25 a share would be a little over 4% of that.
Dude. There is no reason this should be so low. Think about it... The largest bank in Greece (pre split) is trading at friggin .34 cents a share. WTF?!? Sure, this is a purely speculative play, but the news for Greece is GREAT. I'll spare the board a lengthy email, but if you want to short this stock I say go for it.
I am in this for a while trying best to ride dips as the shorts convince people to sell, take profits, etc. UGH. I won't lose money as I am an investor in this and not a trader.
All the austerity measures will pass. There are many positions within the government, I am sure, just as here in the US that are not necessary. Its unfortunate, but it must be done and has been done. They can perhaps shift their career to one in tourism as that is beginning to grow like crazy.
Anyway, it is green. Good luck yall. Long!
Sorry man. Long weekend. Someone broke in my shed and stole all of my tools AGAIN. Guess thats what I get for living in a shitty part of town. I am long NBG as well and I look forward to earnings.
Very cool. Thank you for the links.
I think with Eurobank being a much cheaper priced stock than NBG whatever market, it saw a great deal of volume so far in Europe. NBG doesnt usually trade but 5000-10000 shares a day on the Greek stock exchange. http://www.ase.gr/content/en/Companies/ListedCo/Profiles/pr_Snapshot.asp?Cid=57&coname=NATIONAL+BANK+OF+GREECE+S.A. . Most of the trading happens in the US off of NBG ticker. Premarket is starting to see a raised bid and increased price. I am betting we see a green day on NBG just as we are on Eurobank in the European market. I mean, did NBG get any bad news over the weekend? I don't think so. I think, on the contrary, the banking system in Greece as a whole is looking better and better.
Eurobank, I gather, does not trade on US markets. I did put the link that I found in my post. If you have something more accurate, please feel free to post.
Looks that way and Eurobank is apparently up as well. http://www.bloomberg.com/quote/EUROB:GA . Not sure why NBG is not up with the overall sentiment. Still early in the premarket and the bid is rising.
When you write "open 2.46" and it is not going to do that, you lose credibility with others I think. The stock, unfortunately, looks to open down this morning unless premarket gains some buyers.
Actually looks to gap down this morning which is kinda crazy after the good news for banks in Greece. Guess markets over all are down. Curious what happens premarket for the next few hours.
I just don't think you understand what a short position is. Not being mean.
Oooh. I think you just gave yourself away here. Tisk.
Do you think this will affect NBG stock price? I am thinking this shows that Greece in general is moving towards recovery and the fact that NBG did not win the bid will not have much if any affect.
Yes. Ha. Greece has an amazing history and they are an extremely strong group of people. They are going to come out of this quick and if I can capture just a very small fraction of that movement then I will retire.
Something is going on. :). Dude. I bought at NUGT last week at 4.80. Sold right away thinking it was not bottom yet only for it to go and break 6. If I would have held, it would have stopped further. Murphy's Law! Get some sleep and wake up to a smile.
Sleep tight. I am sure there are many of us some much larger and taking small amounts of shares gradually so as not to alert the frenzy of day traders. 4.00 will make me smile. 5.00 will make me smile really big, 6.00 will make me go outside and scream, 7.00 will make me book a trip to Chile and then to the Patagonia, Easter Island and drive through the Andes to stop and ski and take in the sites on the way to Argentina, 8.00 will make me do the unthinkable, 10 and beyond, I will look at quitting my real job. 15 or more, I will look to take my best friend to train and summit Mt. Everest. Anything more, I will look to travel the World and help the less fortunate. Go Greece! :)
They will then have access to the bailout money from the troika that was allocated for Post. Maybe there is no advantage here. Not sure exactly how the whole macro economical picture works here.
I am sure the IMF and the rest of the troika are well aware of that issue and I think a repeat is highly unlikely.
Greece is being forced to budget and they dont like it. The whole World is trying to help them recover and this is at the bottom. It is CHEAP. Not sure on the book value, but if this starts to rebound and head towards its high of 670.00 back in 2008 then I think the risk to reward here is a no brainer. I know that the bank will not just cease to exist, I know that the World is working with Greece to help them come out of this slump, I know that Greece is working hard and I know that their banks will rebound. If it has to trend down a few cents due to day traders then fine. I will ride the loss for the big upside potential.
found you on FB. liked.
I dont see you on FB, but am following you on Twitter now. Do you use options to try and determine the flow of into and out of a trade? Calls on NBG for 4.00 are growing in volume for August, November. I think this thing has found a firm bottom here and will start to grow. I feel the news of strikes, etc is actually a good thing. People complaining that they cant have their cushioned government job doing nothing any more. I would imagine that a government job in Greece is similar to the US where they get a comfortable job doing nothing and having a nice insurance policy, pension, etc. Fact is that they cant afford it and it must stop. It is stopped, the radio station is back online now but in skeleton form as many persons that were not needed are now gone. The fluff is being removed and people are complaining about the fact that they cant sit around and do nothing all day any more. The banks are recovering now and starting to consolidate. The World is watching and helping to rebuild Europe as a whole. People the World over are looking at Greece and starting to buy into the downfalls of the country as it is cheap. There are people here that want a quick 25% gain on their portfolio in 2 days. That is amazing if you time that perfectly and take a portion of that. Traders are making the volatility go crazy. I am in for a while here. Playing the deep dips and riding long. Same with gold. Curious if it can hold at these levels and test 1300 in the near future. Good luck.
I have watched this thing for months. Seems as though, when the day traders leave, this thing starts creeping up. Now that the news has worn off we all are waiting now to see who wins the bank bid. If its NBG, I think we will see a nice pop, but if it isnt I dont think it will be too adverse. That sucks you have stayed up all night. I usually will wake up at 2AM EST to watch the opening bell and go back to sleep around 3AM to get up at 7AM as I live in Atlanta on the east coast of the US.
Anyway, get you some sleep. Markets look like they are going to be a typical dead friday and are pretty much trading sideways.
Thanks for the link,
Wells
Thank you Sir
What is the link to the exchange where you are watching that? Please and thank you :)
That sucks. This party is just getting started. :). GREK will be up tomorrow and so will NBG!
your lack of rhetoric is not very convincing. I do appreciate this as it helps me to quickly look over your post and similar posts to look only for the ones that have any true substance.
you might want to check your grammar here. Just saying.
Well, it rose 20% yesterday. Hard for a stock to do that and keep it. Then, others artificially rode it up hard today another 5%. That is crazy talk. Just an honest pullback here as I see it.
Like your name by the way.
Hell yea man. Ill take that. Will pay for a nice Christmas. This thing has a long way to go. Even if it goes lower, I am in no hurry. Ill just buy more. This thing is amazingness in the making. Been playing dips on this one and FNMA. I like this one best of all though. Greece is an amazing place with amazing people and I have no doubt that this little 3-4 year EU blunder will quickly correct itself. Shit, if it goes to where it was 3-4 years ago over the next 3-4 years, then I will retire and buy me a house there. :). Good luck yall.
Actually, last report shows Greece's unemployment rate dropping. They have made a lot of cuts and are in line now with the Troika. Long NBG! See you at the top. At 3.49 a share, this thing has quite the gap to fill to reach its high of 679 a share. That's roughly 19,400% growth potential. LOL. I'd say this is a good deal down here.
wow! beam me up Scotty. :)
Be careful. Options are sure enough very powerful and you can make or lose more money than regular stocks. Please read and study options before jumping into them. Gold may make people a lot of money on the way back up if this is the bottom. My personal feeling is that we are at bottom now. If you watch the news, there are people literally lining up at gold stores all over the World, especially in emerging markets to buy at 1200 an ounce. It is really cheap.
The US economy is getting better and hedge funds and other large sums of money are moving out of gold to invest in more risky things and that has caused gold to drop fast, but gold/silver should be a portion of everyone's portfolio. The dollar, or any currency for that matter, is only paper and could become worthless in a huge World event. So many things could happen which make precious metals important.
The US economy is a fraction of the total World investing. China knows gold is cheap now and they are buying. Stories like this are all over the news. http://english.peopledaily.com.cn/90778/8304822.html . I don't think the US economy getting better is going to push down the price of gold any more and getting your hands on gold at 1200 along with everyone else at this point, I feel, is at the all time low.
If you feel the same and want to invest in something that will put a lot of money in your pocket if that is true, invest in NUGT. This does not follow the price of gold, but more the actual miners of gold. Newmont Mining company and others large miners. If you must play the options move, please dont go all in as you could get stuck with a trade that will expire worthless at the end.
Since your broker is Fidelity, you can call 1800FIDELITY and ask them to enable options. They will only give you level 1 options at first if you are not experienced with them as they dont want you to get all excited initially and lose your money. There is also a link to add options trading to your account here. https://www.fidelity.com/options-trading/overview and also some more info on options. Please trade safely and good luck.
yea. only exception is that BAC only fell from 55 a share to 2.50 or so .. NBG though... with recent split factored in fell from 675 a share to almost the same low at 2.94 . This, my friend, is going to be one hell of a bounce. Fasten your seat belt if this is the bottom. Greece will be back! Greece has been, historically, an incredible nation having only screwed things up for a few years in the whole scheme of things. Greek's have an amazing history and this economic blunder will be short lived for sure. It is at the end now if the bottom did not just get reached two days ago. Good luck. Long NBG!
Go back to sleep
Sub Dollar? How do you think that? I say cover while you can. Obviously you're short.