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National Bank of Greece S.A. Message Board

  • stockman457 stockman457 Sep 29, 2008 3:11 PM Flag

    I'm out

    Been holding for almost a year now. We're going to lunge into the 7's tomorrow after the world market feels out what happened today. I'll see ya''ll in the sixes. I didn't want to do this and I'm furious.

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    • I held mine.. I may end up regretting that decsion.. but I think we see a bounce in the late part of the week.. if we hit the 6's... and we may.. I will be a buyer..

      Good luck to everyone..

      • 2 Replies to egare1972
      • Attention all NBG longs: As I am writing this, it is September 30th, the end of the 3rd quarter. I don"t think anybody on this board has noticed this. NBG should be reporting some good results shortly. Why? Because I am sure the economies of southeast Europe and Turkey are in excellent shape, and that is exactly where NBG is invested. Further, there can be no Great Depression ala the 1930"s. Again why? Because if you research the subject, investors were trading on 10% margin in the 1920"s and there was no S.E.C. to require corporations to give out information about themselves. Now the F.R.B requires 50% margin and there is an S.E.C. Investors still get anxious these days, but with Arapoglou"s deep experience and the extensive infornation we modern investors can pull off the Internet and other sources, we and NBG should be doing fine through the end of the year. Beethoven