after reading through this message board , there seems to be alot of talk about how NBG's share price is extremely undervalued. why is everyone so convinced that its price is undervalued? maybe NBG really is worth 29 cents. because undervalued stocks usually begin to show signs of resistance at some point, and for the past 2 months, NBG has been doing the complete opposite of that. id love some extra opinions on this.
As soon as (and IF) Greece gets the next traunch of bailout money and if there is any optimism whatsoever as to Greece's future. I think the EU will throw more good money after bad by Monday and we'll have another dead-cat bounce of about 30-40 cents.