draw your own conclusions...I think the upside outweighs the downside here.
A mind-boggling drop...What are the current book value and market value of NBG?
6 CENTS was pretty close to IRE splits..
Are you suggesting a 10-fold rise is possible once things settle down?
Yes, even more, it could go back up to 2011 pre-split level of $30-$40. That is if you believe that Greece and its largest bank will survive into 2014. I think that's a good bet.
If you bought over the last month and have huge losses, don't take the loss, wait it out.
Good point. Are you suggesting that $1 MAY BE off the table? that would be 1.5 cents or so. Thanks.
yes, exactly, some people who call for a $1 a share and then buy are forgetting that this would be $0.02 effectively and that's not a good bet.
and some people (like hollandisback) need to realize that $3 @ 1 million shares is the same #$%$03 @ 100 million shares, reverse splits only have a psychological impact.
3 bucks....how many shares outstanding now?