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National Bank of Greece S.A. Message Board

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  • clarkpetersen1944 clarkpetersen1944 Sep 30, 2008 7:44 PM Flag

    I'm out

    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

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