National Bank of Greece ADR (fka NBGGY)

[mrfence]

We recently had the largest volume spike of the decade after Q1 Financials were released with an initial pop to a new post Covid crash high. IMO, some seriously deep pockets realized this issue is more undervalued today than when trading north of 3 Euro at the beginning of this year. Short term profit taking and weak hands have created a dip. I see sideways consolidation at this new higher low then a move to new highs as this issue has continues improving it's bottom line despite the crisis with the broader market just beginning to figure out this is a safe haven. With a book value of $5.65 and a PE ratio of 5 $ETE~ has room to move up 300% to 600% by EOY.