National Bank of Greece ADR (fka NBGGY)

[fourdueces]

No one is saying elections will turn it around. Where simply talking about news or anything that can affect the price short term in either way. Doesn't take a genius to figure out that the problems facing Greece are broad in every area. From pension to imports. But to say that NBG management are idiots I don't see anything in the past 3 years I can say that move was stupid. Banks didn't calse this problem and aren't the cause of any of the bigger issues facing Greece long term. They don't make laws on pension and taxes. They don't make the trade bills. They don't cause the 60% unemployment rate. Have they made some poor loans and financing deals , yes, but there interest appears at the time of nothing else then trying to better the country for the people that live there with business loans and trying to handle overwhelming dept caused by the government. If anything banks have been killed by governments decisions and comments over the past year that caused all the money to leave the banks. That's there problem. This can't compare to the US in 2008, completely different circumstances. Almost everyone here is swing trading this. Where discussing points that can make the pps rise or fall from news to technical. Reading first page of messages doesn't tell you what we discuss daily. Where talking about a double bottom oversold level, with a 8 month past trend of run ups of pps at end of month. Along with the pps trend of popping at earnings good or bad past two years.