National Bank of Greece ADR (fka NBGGY)

[Chriss777]

I don't necessarily think it's a bad investment. Obviously buying NBGGY was a bad investment because they cancelled the ADR. But who could have predicted that?

I bought ETE:GR instead of NBGIF because NBGIF is OTC. After that last experience I just decided to stay away from OTC stocks. Because ETE:GR is still traded on the Athens exchange, I'm willing to risk buying it as a penny stock. This is the last penny stock I will buy.

Greece is experiencing the same thing America went through in 2007/2008 with subprime mortgages. The difference is that the American economy was able to rebound much quicker than Greece.

I think you just have to be very patient and hold ETE:GR or NBGIF for a long time. I've been buying again at the .24 and .28 levels. you know, dollar cost averaging. The tangible book valuable is at least 0.72.