National Bank of Greece ADR (fka NBGGY)

[Sundance2]

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...