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I hear you. The pre R/S price is now .04 per share. If we don't at least level off tomorrow, I'll just take the loss and move on.
Distressed stocks always take deeper dives when market tanks. So, this is not that surprising when market is down 200-330 pts.
I hope today was it. Shorts couldn't push and hold. Bottom discovered going up from here IMO.
I added a little more this morning at ,79 think that will pay back pretty soon.
Or maybe L-2 is just so embarrassed he can't keep saying Huge run today, tomorrow, forever and ever.
This really crapped on us today. I bought this at 1.30 sold 2.00, then bought back 1.35 so lost most of my flip gain.
I just can't believe how some stocks just keep going lower and lower. The pre R/S price on this stock now sits at a lousy .05.
Since the R/S it have dropped 60%+. Another .12 and we are under 1.00 again and looking at another R/S.
Not good, but will hold for now.
I agree, that's too low. If that did happen...Oh boy, the economy would be in really bad shape and the stock market would be way lower then it is now.
You're very right about OB. He is absolutely the worst in my life time as well.
I couldn't vote at the time but I'll go back to Jimmy carter.
What the heck let's blame him for NBG as well since he has done nothing.
Good morning L2. Looks let everyone decided to sleep in today.
I doubt it it will go down much further. If you consider this ticker just did a RS and since the RS has dropped anther 50%, it's getting rly cheap.
Ha, good one. Hey what's up with that 45? It must be skipping. Hit it several time today. Maybe tomorrow....
A lousy 370,000 shares traded all day on a dollar stock...I say it's more a lack of interest then manipulation.
Not a bad day. In line with broader market. I just don't think we will see much movement either way until interested investors know what the details are for recapping banks.
Anyone have a clue why we don't already have that detail? or when they will release info?
.86 is pretty low as it is....for this ticker. It could go a bit lower but I don't see it going down much more. I think market has priced everything under the sun into this already.
IMO, the broader view is the worst is over. Not nationalized, not going BK, lowest liquidity point has passed. Even if stock is diluted, that's better then total collapse. Bottom line, bank will survive.
I think the last remaining hurdles are; whatever EU wants for recap and confidence vote takes place.
Here may be reason pps are not moving strongly to upside. There is also some info on bailout details. just don't have time today to dig into it:
Guardian:1h ago
11:36
Greece’s stock market has ended the day higher although banking shares are still under the cosh.
The Athens index is up 1.04% at 680.94, but the banking index has dropped 8.67% as concerns about recapitalisation continue. Piraeus Bank is down 13.61% while Eurobank Ergasias has fallen 12.12%.
If oil stays in the $30's for anytime at all. We will see BR in the oil patch. Some the drillers are barley holding on, another hit will be all it takes IMO.
This afternoon may be interesting for oil. Options come due, could see pop. But then rest of week will give back any gain if they happen.
Back into the $7 range. Probably will look into buying this again this coming week.
Price dropping below $50 for brent and now dropping into $48's.
WTI now into 41's getting closer to the $30's that's hard to believe.
Good info. I like that Germans and Fins are coming around to backing Greece and encouraging them to move in the right direction. If those two and France are on Greece's side, they will find a solution to debt relief.
One sure way to see if thing are looking up will be if we see a bunch of new names on this ticker next week.
Hey if they are a band, be nice if they would play that 45 instead of the LP Monday.
What ever happened to 45's and LP's. I think they were replaced by 8 tracks, 8 tracks by cassettes, cassettes by CD's, CD's by steaming. Hmmmm what's next...
Figures, someone had to throw water on this. Wouldn't want it to run...snagle tooth old hag anyway.
That would be great. I'm really hopping we can get this to a $1.00 soon to avoid an R/S.
I hate R/S, have yet to buy into one that didn't continue to decline after the R/S.
If you're in at .84 you probably ahead of most. Man, I'm keeping my finger cross but....Monday has good potential as this news get out to the broader public and investment communities.
No explaining other then this is NBG. If you have held this for the last 2 months you are probably are still shaking your head trying to make sense of this tickers movements.
All I can say is I'm confident this will produce, but when and why, I've given up.
Just announced, EU min have agreed to bail out fund. 29B will be first installment...
CNBC Now
? ?@CNBCnow
Eurozone finance ministers approve new bailout for Greece; first payment will be €26B - DJ
2:05 PM - 14 Aug 2015
Go pps's
PBJ - not bad day at all. Nice a green on this buy now. I like the color green.
While I am confident that this is a good investment, it's frustrating to see all of the "normally" positives get turned in negative pps movement. But in the end, IMO this will reward those that stick it out.
I've had other stocks like this and I cursed them too. But in the end, had a big smile on my face and had to eat cold crow.
I'm a little hesitant to say there is more good news. But here it is:
From Brussels, our Europe editor Ian Traynor sums up the situation tonight:
Greece is close to clinching a three-year bailout worth more than €85bn (£60bn) after parliamentarians in Athens backed the deal and Germany sent conciliatory signals ahead of a crucial meeting of eurozone finance ministers.
Representatives of Greece’s main European creditors were generally upbeat about finalising the bailout terms after the Greek prime minister, Alexis Tsipras, secured approval from MPs for a huge package of legislation on Friday morning. The vote committed the indebted country to radical economic and fiscal reforms needed to secure the rescue money.
Wolfgang Schäuble, the German finance minister and the main critic of the proposed new deal, toned down his reservations at a meeting of his eurozone peers in Brussels several hours after the Athens vote on Friday, voicing optimism that ministers would back a deal.
“I’m actually quite confident that we can reach an agreement,” Schäuble said.
That sums it up pretty good. Greece passage was fairly certain. The EU fin min passage looks to be on track by end of today. This would normally be good news for most stock and give them a boost but NBG has this strange habit of turning good news upside down.
Onedayyyy it will get going in the right direction.
Fantastic...Keep climbing baby...
And...positive news with passage of bailout loan can't go to waste. As usual, any positive news is used by market to slam ppps.
This is the oddest pps behavior. But then again we are talking Greece. Only way to play this IMO is to hold, hold, hold. Something bad will eventually happen and pps will pop, lol.
It reverse of normal so for Greece that make perfect sense.
Just to illustrate, I wrote note to myself last Friday with this week strategy for NBG.
I wrote; sell Monday, as something will go wrong with passage of debt deal and buy back Friday at close.
Well, decided just to hold and do nothing.
As this week is coming to a close, nothing went wrong with passage, but pps are down roughly 10% anyway. You would expect that if passage happened without any hiccups the pps would not change or be up at least a little. Oh, well maybe next week...
Congtares PBJ you are now green on this ticker. I need one more dollar.
Looks to me that the all time low of 1.29 is going to be tested again. If it doesn't hold, huge drop after that.
This doesn't come as a surprise at all. I recall Greeks were buying cars and Apple products or anything they could to protect the value of their money.
Now Q3 after CC will be horrific IMO.
Below is artical from Guardian that may have slowed MO. Sounds like that Nazi A-hole from Germany is at it again:
But while initial reaction to the agreement was positive in Brussels and many EU capitals, there were concerns the deal may come unstuck, with the Ekathimerini reporting that the deal could run into opposition, particularly in Germany.
“The Greek government’s greatest concern is that German finance minister, Wolfgang Schäuble, will reiterate his opposition to a deal and insist Greece should instead be granted a bridging loan” to allow it to meet its €3.2bn debt payment to the ECB on 20 August, the newspaper said.
More on this topichttp://www.theguardian.com/business/blog/live/2015/aug/11/greece-close-to-clinching-86bn-bailout-deal-live?CMP=ons_b-richmapper
Citing government sources, it added that the German chancellor, Angela Merkel, worried about the domestic political fallout, had made similar noises on Tuesday in a conversation with Tsipras, saying Germany was “sceptical” about the agreement and wanted a bridge loan instead of a full agreement, which she suggested required more detailed discussion
uardian:
ER - Beat top and bottom. Forecast higher. Ticker is higher in AH.
Picked us share at EOD. Looking good...for tomorrow.
Interesting comments about oil heading to $30's. While I agree oil prices will stay depressed the sudden drop in the USD due to China devaluing the Yuan could actually be a price stabilizer IMO.
Historically, oils value trends inverse of the USD.
Lowjack. I see you are on the AAPL board trashing it as well.
Do you really wanting to be the NBG board troll?
It should be quit a show when these tie wearing commi's see the details and discover theh will have to work past 55. And pay taxes. Oh the howling will be defining.
Nice work. Thank you.
Also, glad I didn't wait until tomorrow to buy back in. Up 11% in AH.
I guess I couldn't keep my fingers off the key board. Since are close to EOD and we very close to LOD, just picked up a few 000's shares.
I org. bought in the last time at 1.30 so buying back in at 1.41 is close enough. Be nice to sell it again for $2
Who's knows what ER will bring. BIDU got slammed. So, I'm wondering if BABA grabbed some of their business.
I'm going to roll with it and just bought some shares, just a few hundred so I don't get crushed if she goes south.
Surprised this isn't even lower, closer to $7's again. Let's see what tomorrow brings. If it drops into the $7's again I may jump back in.
Think I'll wait to see what happens tomorrow. Today is just too risky to get back in.
I bailed out Friday as I wasn't sure about ER. I did expect that ER would show they cleaned up books but just didn't have handle on sales for last Q.