BTW if you click my screen name you will see that March 5, 2 minutes before the close I mentioned owning BAC at $16. The next day it went to $16.50+ and I also mentioned TVIX for $1.99. TVIX March 11, it was over $2.20
In early December a gap down was formed on the charts. To fill the gap this needs to trade over $2.30. Also important to consider, early November around $2.50 and down from $3.50 in early September, the selling was exacerbated by year-end tax loss selling. What I'm pointing to is this downside momentum wouldn't have been so viciously fueled if it weren't for the seasonal selling. A $2.30 price point next week or the following week seems reasonable.
"for argument sake" rather do find your self another for your entertainment, so to speak.
A big win in owning a lottery ticket, those odds are punishing to the buyer. I find the two main players involved here have done their share of gamesmanship/posturing. Both proffer positions that neither honestly believe to be viable as a way to set the stage, nothing more. No doubt this is high risk. In that mode, high gains only come with accepting high risk an being a buyer when things have the appearance of being horrific. What is key IMO Greece does not have the political clout within it's own government to win over it's populace to abandon the euro. Is debt truly an absolute element of failure? Not according the mounting US debt. Besides, how can the European Union benefit from forcing Greece out of the EU? Wouldn't that mean that the EU would be getting drachmas for debt service in the future? How much land does Greece, the government own? To get some clue NBC Wrold News from March 21, 2012 it disclosed, in part, the following. One third of land in debt-ridden Greece is up for sale Greek authorities are touting billions of euros worth of government-owned land in order to finance international bailout loans totaling $227 billion over the next few years. However, most of the sites are in industrial zones or tied to facilities such as airports, highways and energy firms, according to a report by Turkey-based news Web site Hurriyet Daily News.
The report said Greece is targeting its immediate neighbor, Turkey, as potentially a large source of investment. “One third of Greek land is on sale,” the report quoted Panos Protopsaltis, head of the Privatization Program of the Hellenic Republic Asset Development Fund, as saying. The organization is offering some 50 billion euros worth of assets for sale, and hopes to generate nearly 19 billion euros in cash by as early as 2015, the report added.
A truck assembly plant, sewage works and ports are also up for grabs, along with land on some of the country’s islands popular with tourists.
I don't find you throwing around legal jargon (I rest my case) as a way to boost your credibility. This is not a legal issue. The trade included a buyer and a seller. You can tell me the seller was shrewd but it looks more like a dose of fear and desperation motivated the sale. The buyer got a gift. You won't "rest your case" and I highly doubt you'll take a rest from making new aliases. Maybe try your older screen names?
Do the math the trade is less than 2% of today's volume. Secondly do you consider that seller intelligent selling 6% below the close, at the low of the day? I'm not really looking for your opinion since you define huge much differently than I. IMO, that was a very smart buy. And if you want to attach that it was an institution or 2 institutions involved in the transaction, be my guest.
I won't be taking your advice. Not that I expect you to view it, there's a pdf file. Stephen Percoco, CFA, Lark Research will lead you to it.
You know NBG has been taken down hard off it's 52 week high because so many have shared your opinion; compounded by tax loss selling. However, that pessimism may prove overdone. If you want, allocate time to a Seeking Alpha article by Stephen Percoco, CFA, Lark Research dated 12/29/14.
BTW, I am long with a share price average very close to yesterday's close. If you are time constrained the numbers that correlate to 12/29/14, • NBG’s stock has fallen 60% this year and now trades at 90% of tangible book value and 9 times projected 2015 earnings.