if you are trying to find a bottom to get in heredo you think all bad news is priced in?anyone want to guess how low this could go?I feel that NBG will survive - I own too much of the common (all red) - I wish I would have waited and not bought the common so soon (hindsight 20-20)I am prepared to ride out the storm with common or pref - just would like to get close to the bottom any thoughts?
The common was a bad investment when you bought it.The common is a bad investment right now.The common will be a bad investment under any scenario going forward. The reason is that the bank will need to recapitalized at the expense of common shareholders.Stop looking for an entry point on the common would be my advice.
It's a good question... It's hard to say how investors will react when Greek default is officially announced.I hope there will be no default... I own 8000 common shares at an average cost of $1.81.I think NBG will survive but my stake will be deluted.I would like to make the last purchase AFTER delution takes place. Not sure if this is a sound strategy.
IOWN 250,0000 THOUSAND shares n.b.g @10,000 SHARE OF N.B.G.-PA
Why would you buy common??!! This is beyond me..Prefs is the only way to go