Because of one simple reason. Yahoo Financial said short interest on March 15th was 2.58 million shares. April 15th it was 8.5 million shares. That will cause one terrific short squeeze in a month or less. Clark
Even so, a bailout is only a temporary fix. The country still needs to dig themselves out of a hole and take drastic measures to do so. I don't think the news will make this stock go up as high, and as quickly as you want it to. I'm expecting back to the low to mid 4's. Investors will, then, want to see how NBG's earnings were this last quarter with earnings release later in May.
Guess what you lost your mind. It came down from $8.40 do not forget that anything can happen Monday it can very well trade at $8.40 and it will be like why I did not buy NBG at $2.54 ???? I just gave you $6.40 because that is where NBG should trade at given all these news. Check the EPS ; Balance Sheet not the market sentiment. Market sentiment can change very quick.
you are asking a lot it took 3 month to go from 6.50 to 2.83.
givin the trajectory on its way to 4.31 possible.
NBG has a lot of work to do but you have momentum at your back now. If there is say an inordinate amount of naked short shares one heck of a squeeze could ensue. 6 bucks next week is not impossible
buckle the seat belts and i hope the squeeze ensues.
well,, maybe $5 bux,, but if Angela Decides to go Kamikaze over her political standing, just before the elections, and if Trichet can't pull some political uniformity, coherence outta his ass, and Standard/Poors breaks out with another downgrade.... bwwahahahahaahah ,, stay tuned