National Bank of Greece ADR (fka NBGGY)

[ak17072001]

To be very conservative it is almost 100% likely we reach 7 by January. Most of th call volume and the warrants will tell you this. What happens afterwards is the big picture. I upped my exposure to about 2500$ currently in this stock. Personally I plan on leaving it in untill at least next Christmas. Long term if the Greeks recover as planned this would be a fantastic play.
Some people claim this was a paper profit last quarter. Some claim it will go bankrupt soon. If you are afraid of bankruptcy hedge and put half on alpha bank.

In my opinion greek stocks are where we were back in 08 when everyone said every company is going bankrupt economy stinks stocks tanked. If you wanted to choose an auto manufacturer back in 08 and were afraid of bankruptcy and put half in general motors half in Ford you would 4 times your money now. General motors common were wiped out. Ford was at 2 in 08 now at 17.

Bank of America. Pull up its 08 price:). Was it possible it may go bankrupt? Maybe. Did it ? No. How much did investors make who risked on it? A lot. I am currently in fnma and this along with a few other plays.