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Re: dabonenose post# 9739

Friday, 08/21/2015 9:03:39 AM

Friday, August 21, 2015 9:03:39 AM

Post# of 19165
I agree but with NBG, there is a major issue going on with this ADR. Some ADR don't have the exact share structure as its home exchange, thus a difference in price is expected.. Here its 1 to 1, so every heavy hitter is going Athens long and ADR short, and using options as protection. Posted about it earlier in the night. There is a link explaining what's going on. If your down on this you would be crazy not to switch. But switching to Athens is appearing to be challenging to say the least. I'm in at avg at .85. Let's say I'm in for 100k shares, that's 85g in and 76g value , 9g down. Switch to Athens 76g gets me 68k Euro which gets me 136k shares, a free increase of 36k and is trading at 30% discount to same share structure as ADR m

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