It clearly is the best move to make. If he wants to actually turn the economy around this is the move. You would have to think that he has a good amount of knowledge that he will win the election or he wouldn't make this play. Merkel has stated that this is the best thing for the country to move forward. If he wins, he can reorganize his members, toss the ones who have opposed him. Thus causing any future things needed to pass a lock and no bs drama like now. Or he could have not snapped election and every vote moving forward would just be the same circus over and over. Don't you believe if he wins the election, that the IMF has a far better chance of joining the bailout plan in October? That was the only move to make for them have to confidence that Greece is serious about living about to the deal. Don't you think that when he went to Brussels to finalize this last week, they told him , to do this? Don't you think that they have done some silent research into this matter and are confidant that they will win the election. This move today totally explains the action in Athens this morning and the overall flatness of this stock since signing the deal. Insiders knew this was the plan . without the IMF involved several high power hedge funds stand to get destroyed. They know they need the IMF in or there done. You must believe that these hedge funds along with the pm where on a conference call in brussels discussing this matter last week. This was the only play they could have made to show the IMF they are sincere. Now merto with your option thoughts, I've read that same article your getting that info from. Yes it's 10 to 1 putts today. But you don't know what they are protecting from for early options. There's a ton of 1.50 action each way on options, even 3.50 options Jan 1st next year. They could be protecting there loses on 3.50 Jan 1st by buying every .50 putt they can. It's not like they have inside info we don't. This could take off with the pm winning the election, IMF joining the bailout in Oct. And all those putts and shorts will be in deep shit.
The most glaring and significant problem with NBG is the position to short the adr in state and buy the long in Athens . It's a can't lose proposition. I've also read that the share ratio from Athens to NYSE adr is 1 to 1. Most aren't that ratio. Should have known this weeks ago. The play is, sell every share of NBG you have and transfer your money to euro and but NBG in Athens. Much better play. Same share count. I have 75000 shares at avg of .85. I'm going to cell that and say I get .75 I would have 56,250 dollars. 63750 was investment and take the 7g loss. Then transfer the 56,250 to euro 1.12 to 1 it at now. Will give me 50,223, in euro. Then buy it on Athens, say at .50 might go down tmrw but I'll say .50 that will give me 100,600 shares. So I will pick up a free 25,000 shares. Wont have the worry of the ADR coming to fair value. Will be able to get even and ahead quicker. This is absolutely the best way to play NBG at this time. I called Scottrade and they wont buy international stocks. I have a etrade account, forgot the log in info cause that platform is for my son's stocks I get him for long term holds. But I'm 95% confident etrade has international stock buying. If anyone knows platforms that do. Please inform me and if its possible what the fees are. Link below is the idea of buying in Athens and explaining why this spread will hurt the ADR until they are only 6 to 5 spread.
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