Replies to post #3918 on National Bank of Greece ADR (fka NBGGY)

[illegal_alias]

I think that is because other than a 4-month extension the Greeks did not really achieve much. I hope not, but would not be surprised to see this sink back into the $1.40s.

Locked in profits yesterday and will keep an eye on this over the next few weeks. I think the next patch of rough sledding will be Tsipras having to deal with Parliament and the various Greek electorate constituencies. As I've said before, given the Greek electoral system. Tsipras may not be PM in 4 months when this issue returns.

The other thing to watch for is continued capital exits from Greek banks and capital flight out of Greece.

[dabonenose]

Exactly and that is why I am doing $ cost avging.

I have a fairly small number of shares at the moment, however I will be buying on the 20th of every month until I hit my cutoff point.

If it stays low like it is I will lower my breakeven avg. with each buy.

I'm hoping to end up with breakeven at $2 per share and have somewhere noth of 5K shares.

This is a money center bank and I can't see it going under. IMO