You have to double up , triple up down here just to get near even..
Wrong bet. This is exactly where you buy. Pull up a multi-year chart and you can easily see this is support level. The stock has always bounced at these levels. In 1 year AKS can easily yield you a 50% gain or a hell of a lot better from these levels. Charts don't lie.
European nations will never let Greece default. All they have to do is turn on the printing presses for the Euro. Inflation hasn't been an issue up until now. They can afford to jack up those printing presses and dig out Greece, Portugal, Spain or any nation they want. Equities all around the world (especially materials) would rally and it would have a domino effect for all sectors. They'd have to deal with inflation down the road, but this is what the world economy needs right now and for the next few years.