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National Bank of Greece SA Message Board

  • muchomacho42 muchomacho42 May 22, 2013 11:14 AM Flag

    Simple explanation: how much are NBG shares worth.

    If the bank sells you shares for 55 cents, than it is safe and reasonable to assume that in the eyes of the bank the shares are not worth more than the said 55 cents, most likely less.
    It is entirely possible, of course, that sometime in the future some reasonably intelligent person will be willing to pay more for the shares than 55 cents, at which point the shares will be worth more. But today is not this day.
    It is worth to note, however, that the fact that there is a bunch of people who have no idea what they are doing who are willing to pay $1.30 or so per share does not make the shares worth $1.30. At this point in time it only means that the buyers are more stupid than the sellers.

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