Well looks after all wont be a ugly day. Holding that .50 in Athens. .79 in premarket has buyers. You would think that the shorts would start to cover soon. The risk vs reweard is almost gone for them. We've seen as low as this can go before any possible dilution if needed. There's maybe 10% to the down side more the rest of the year. Possible upside is significantly more. I would cover. Unless your playing the spread, short NBG adr and long the NBG in Athens. Anyone playing that would be long in low .40s over there and short .80ish on adr. Gives you a cushion to hold out for dilution, that is a play in affect.
After opening with a gap down from 55 to 52, it has actual touched .51 a few times the last hour. Holding extremely well, definitely looks like the bottom over there with .50, being main support of all bottoms. Discrediting the second session after the reopen earlier in month
