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http://m.4-traders.com/NATIONAL-BANK-OF-GREECE-1408785/charts/
That's a mobile site real time, Athens Exchange is getting crushed overall. All Europe is and Greece is just getting hammered. Not a individual selloff just a broad sell off in general.
Gotta love Greece, get bailout, day of first payment there market is crashing. Down 18% ASE is, my god. Bounced at .49 to .51, lets hope the support at .50 it has on ASE holds, and this isn't a dead cat bounce heading lower. But at least the selloff appears to be marker related and not NBG itself. Been waiting for doom and gloom ap wire of stock R/s or something. .7701 on adr and dropping, .76x.7809, now. Gonna put a bid in if it goes to .75.
And selling off on adr, .7899 and .79 both just went thru acra. Wtf
Nothing like a nose dive to open the day. Down to .54 , 7% on Athens Exchange first 30mins. Not sure how much is related to the European selloff this morning .....
Does anyone know, with a bit of certainty, what exactly a bail in would do to the pps? I've spent three hours!!!! Doing research and every piece of information I read is different then the next one. I came across a bail in article on a Canadian bank that wiped the share price to zero? I came across a bank that the pps was not affected at all. From what I get out of it, is that senior and junior bondholders are forced to participate in the restructuring, where a bail out isn't. From that, outstanding debt owed by the bank is payed back in equity value in the company it self. Now I'm confused cause if this was the exact case NBG pps a month ago would have been crushed and down to 15cents at this point. I also read that they restrict the selling of anything from senior stake holders if any form thus forcing them in the bail in. There are some huge hedge funds and investment firms with huge positions in some of these banks that won't be allowed to sell, and only allowed to sell proportions at the creditors approval. So they're trapped. David einhorn has a gigantic position In Alpha Bank. Now none of us I think hold huge positions. I get how some are saying dilution is coming.... But at what rate?? There already under a dollar, don't think they want to stay below that. A r/s would only cause the pps to rise and drop and further kill the pps, that doesn't make sense. But don't worry if I'm alarming anyone, there is no dept restructuring till Jan 1st 2016. But its hard to even get a handle on what the bail in will do cause we have no idea what NBG dept is? It's hard to imagine that the pps will be affected cause it has no value as to date. Fnna, went from $20 to 2 $20pps had value. I'm assuming that the senior and junior bondholders are the ones going to get screwed the worst on this. Also alarms me to the preferred shares of NBG. Common shares today took off the last hour and a half. Pull up NBGpA they finished down and never rose at all. Would think that the preferred shares would be the ones that owed dept would be given for. I've searched google, read wiki on the terms of bail in and bail out. Read wall street journal , read Bloomberg , read European companies. Only thing they all said in unity was I would hate to have significant money in any Greek bank. Cause under 100g is unsecured and can be wiped to zero. If anyone with knowledge or confident in how this might work out I would love to hear it. Don't want to hear from peps who say your a idiot its going to zero , dilution is coming. Want to hear why you think that? Based on what, and what will the senior and junior bondholders pay for? I'm long on this, and this is a complete straight view of the situation I believe. Not based on one side or the other. Not based on by my investment. Since there is little info out there on this, its up to us to here figure out what might come of the pps in the future.
The update to Scottrade elite they just did improved it a ton. Love there extra data tools. Recognia tool is priceless.
Technically yes, but with the pressure of buyers and short covers, only needs to stay above .8264 for half a trading day tmrw. What else is very important is it should provide a strong support underneath , so just maybe we will have a support level again. Scottrade you can stretch it out to 20 days just change the 10 days to 20days. Have that up on my computer right now. Although there under a dollar stock trade tax is pure crazy!!!!
Plenty of green days ahead here. 30 min chart 100day mma .8264 200 day mma .8261. Crossed the last 30 seconds of trading.
We just need .79 to hold up. It's under absolute all out attack here. You can bet shorts know about the cross. Lots of price manipulation going on here. Level 2 you can see it. .79 is holding somehow with nothing on that bid strong. Someone is hiding the true bid amount.
Chart setup would be this, 30minute, 20days, indicators moving average move the length to 100, then moving average again move the length to 200. 30min should be where there are options from tick, to daily to monthly..... Days should be next to that , then indicators. What platform are you using?
The best buy signal you can ever have on a chart. Called a golden cross. Now remember I'm talking in the 30min chart not daily. Daily is. 1.17 100day vs ,1.42 200. But 30,min is used by day and swing traders more. Long term buyers is more daily. But with this stock being thru what it has 30min is huge here. Has not been over the 100day or 200 day 30min chart at same time this whole year.
If your looking at the chart from before the first bailout till now. I'm sure in the extreme long term if the economy can and should when does fully recover yes its possible. Will there economy ever fully recover idk? If you recall in 2007 or 2008 , Greece was the number 1 emerging market if recall right.
Lol, 2nd that. The 100 is gonna cross the 200 here today in the first 30 mins of trading. Look out!! Huge action early now. 1000x buying pressure then usual already, on market hours have 10000x usual buying pressure orders
Huh??? Um this has never been a mirror image of Athens. For one, its euro$$ vs us dollar. Two in Athens you can't have any local businesses investors money come in cause it must come from a outside Greece bank. All there money of investors is tied up. Pull up yearly , two years chart on Athens and compare to adr
It's surging hard on Athens Exchange.51 to 54, now in positive for day. Would insert a great image of daily Athens chart but I can't figure out how
Plus them damn dutch are screwing things up. They don't even need to vote and they are
Shorts, they are in total control here. They don't want this 30min chart have the 100 day cross the 200 day mma. Fighting for that tooth and nails. It will force them to cover.
Don't understand who is getting these shares since 6am. I transferred a significant amount of money at 4am. I've had my order I'n , and live since 430am. Doesn't ever show up on level 2 or on nyse open book. I've had shares trade at lower then me. 606am had 8k shares go at .75 and .76 , currently have bid live and in for 25k shares at .76 and 25k shares at .78 haven't got one of these shares traded early. A joke
AQXP it was just came to me
Days to cover doesn't actually mean they have that time frame to cover. It is a equation based on avg volume that it would take every short to cover if they had to. Now they all wont at once, but at times on various stocks it has. Forgot the symbol but two weeks ago, there was a super nova short squeeze, stock went from 2 to 50 in a day. But with shorts , they can be forced to cover by the lender for various reasons. But that's just a figure of speech to give you a understanding if they had to cover what the buying pressure might be.
Days to cover = amount of shorts/avg daily volume.
http://wwitv.com/television/81.htm
List of 25 German TV channels with a description of the channel. Once I find out which is covering the debate and vote I will update. But its on one of those. Also on kodi(xbmc) if anyone uses the app. Bbts iptv the source will have it for kodi.
Doesn't have to go up, have to remember the bears are in control here. 40% short ratio, on chart have two previous descending triangles and after today third one possible, extremely bearish. This needs buying pressure badly. Really hoping the 30min chart holds up and 100day mma crosses 200day mma. That would cause the pressure for sure. Seemed held back on Monday, then today had the overreaction in Athens on the first wave of news, buy the time the 2nd came it was doa. Cause there's no liquidity in Athens Exchange . Has been only handful of stocks that have recovered intreday over there since reopen. Il scan it again and see how many have recovered from a 5% down interday to get even or ahead for the day
German Parliament is scheduled to start the debate at 0700 GMT which is 3am eastern time. So by the opening bell tmrw we should hopefully have good news. Test vote passed with less rebels then expected. After that hopefully we should get the details of what the whole bail in will mean to NPG. Once we are able to get the details I think we will all know what kind of bed we are lying in. Todays action kind of killed the nice chart that has been building for the past ten sessions!!! Damn it to that. I'm gonna try to tonight to read the details of the bail out that where published on the foreign fiance minister of greece personal website tonight, and try and understand it better. Once my son and my girl goto sleep, so I can concentrate. Already got the german parliament tv link up and running, will be watching late this morning and reading the bail out details. If anyone wants the link, Ill post it later on. Seeing good level 2 in after hours since the upgrade by finch.
As for Obama, shit we could blame anything on him. Might be the worst president of my lifetime. Me being 38, and only counting from Reagon on. What the real shame is, is the lack of progress Obama has done towards anything for the African american race. I see my generation as the first generation to grow up not being taught by parents racist thoughts. Not that it was right for my grandparents to view anhyone this way, it was just anything better then they knew. The new generation now, has made great progress to the point I believe that they see no difference in race at all. Which makes his Presidency all that much more worse. Cause if he had done a great job, Im sure a minority would have won the presidency again in the next 12 to 16 years. Now I highly doubt I will see it in my lifetime happen again, and I can only hope the next generation does before my sons generation is in there 20s. Obama will go as the best talking president of all time, he has done nothing he had said in his campaign.
http://www.cnbc.com/2015/08/18/fitch-upgrades-greece-to-ccc-on-third-european-bailout.html
Well this is good news, tmrw German yes vote, if it doesn't start a uptrend , I GIVE UP
Greece upgrade to CCC
The last hour this has been shorted its eyeballs out, someone is betting big against them, or its the 40% short count already knocking it down for tmrws news. That way a 10% pop only gets back to .84. Gonna have three straight descending triangles forming over the past 30days. Yikes
http://www.theguardian.com/business/live/2015/aug/18/markets-uk-inflation-greek-bailout-live-updates
Should be the update 2hrs ago, delaying vote of confidence. Also the pps here doesn't hold .80 on technicals this will nose dive. I'd be watching level 2_if anyone is looking to add. Hold .80 and good to buy back, falls below .80 might goto .74
Ap wire and Reuters are reporting that the vote of confidence will not happen now. Being delayed for weeks for the better of the country. Anyone know the approximate time of the final vote in Germany tmrw? Whether there time or Eastern standard time? But delaying the vote of confidence is huge I think
The pps of the adr to the Athens exchange purely at penny to penny is meaningless. It stands at 3 to 2 adr over ete.at on Athens since the halt being lifted in Athens. There is a article in the wall street journal two weeks ago how this spread between the two is being played heavily ,
Bailout deal, all 91 pages of it is online, with more info on what ball in on banks is and might cause the ops to do. Former greek fiance minister on his website has posted it. I'm sure you can Google and find it. If you can't, just use type to translate and I'm sure you will find it. I've read it and its confusing as hell. Along with former fiance ministers thoughts after each point paragraph with his own agenda. If anyone here has a fiance degree , and can read it I'm sure it will be easier to understand , and if your super nice after reading and could give some longs here just some power points you came away with, I'm sure we would appreciate it. Level 2 at 830am has no bids or buys up?? Can't even steal any early
Shares
As you can see back to normal trading in early hours already.
## PLEASE READ WILL EXPLAIN ATHENS Market today## One must remember of why its down in Greece today. At midnight Eastern time, Reuters and then other ap source's headlines where Merkel might be in serious doubt to pass the deal on Wednesday. Then at 4am Reuters had a update labled edit part 2,Schaeuable gives strong backing to Greek bailout reverses stance. That cr in Athens bounced and stopped selling off. But its hard for any Athens stock to rebound cause lack of liquidity in market. The 2nd headline is great news. Morning session will be a buying opportunity. Then as a mentioned yesterday 30min chart 100 day is about to pass 200 day for golden cross for intreday traders. Wont happen till tmrw thought it would be today but seems the mmm held it back yesterday, would have happened if it wasn't for that. Seems to me they want German vote pass and then golden cross for a eruption Wed and Thursday m
You have to understand with him, he has a very large amount of students enrolled. He's info is solely for his chat room for students. The other post on various social media sights has some info but not all believe your refuring to the short and cover swing trade from .79 to .87. Yes he shorted but kept his long position. Can't expect to get all hia info for free. YouTube, search his name subscript to his channel and tons of free info there
If they plan on info release in Oct conversation I live 25 mins from there would have no problem going there and live streaming audio of presentation, should good news hit we can be first in line getting cheap shares left. Would just need help in settinh up audio to stream. Let me know
Timothy Sykes just confirmed he's been long in this since .70, yes I know weeks ago his and his students where tweeting the profits on the short side, but he's been long, and the short play that day was on oversold levels and he has always kept his long at .70. Now most can't stand him, yea he's airgent, but what he's done for his student class the results speak for itself.Even he has admitted in the past he was a cocky jo. But for him to state that this is the best low cap bio stock play of the summer and year to date. IMO for the dis believes this should be a wake up call. Just goto his yotube channel subscript and over 500 hour of training info.
X
Got my bid in at .009, 500k block. Guarantee it gets to me before the p/d starts in election time.
NBGpA preferred , anyone think the long term play is better there? Seems more staple then regular shares. But is bail in more likely to affect preferred shares then common? Anyone have a European stock that has gone thru a bail in, in the past? Would love to pull the chart on common and preferred to look at effect.
Think your missing 3 r/s in the 5 year span, so your $150pps 5yr high is way off. Invest here?? Depends on how long you want to sit on it. It's due for a movement upward on charts, good short swing trade maybe. As for very long, might be better off waiting to see what they are doing with the bail in
To much risk to downside, .85 long term could be 3++pps, but if bail in goes bad could get in at .25 or after at 1.1?? Think I'd rather lose the gain of .85. To 1.10, then to suffer .85 to .25. But I'd say next ten trading days , if Wednesday goes well this will bounce to .95 minn.
Short term chart is crying explosion either last 30min today or tmrw for sure. On the 30min chart , Friday you had the 50day mma cross the 100day mma, within five minutes of that came the big move up. Now the 100day mma is .8242 and 200 day mma is 84.02. Beginning of day it was .8158 and .8438, so it should cross late today or tmrw morning. Will hit every stock scanner out there. Expect huge volume and upward move .
Went to transfer more, by the time I did all the shares in .8497, and .8498 where gone 10k of each. So far trades are
200 .866
400.849
6700 .848
300 .845
100 .8401
10400 .8379
10000 .859
7000 .866
17000 .8649
8590 .8989
280 .90
2500 .85
From 6am to 7am
Don't know where the other 7500 at .8499 .8488 that where on level 2 when that 2500 went thru they disappeared. Was a steal at .85, free 10% on day.