What a joke they are!
This company is 79 percent owned by FCEL, Ticker: FEY:GR
Sentiment: Strong Buy
with link to article about the fuel cell power plant being constructed in Korea.
Athens-based bankers agree. "The market has roughly Eur75 billion of non-performing accounts that have been provided for to the tune of about 50%," says Thomopoulos at Piraeus. "To put it in very generalized terms, if we wrote off 50% of that book and made the remaining 50% serviceable, that would create a massive source of income. If you think of a portfolio of between Eur35 billion and Eur40 billion at 5%, which is roughly the historical yield on Greek loans, that is Eur2 billion of net income." For investors persuaded by the Greek recovery story, this might make portfolios of NPLs look considerably more attractive propositions than debt or equity.
Eurobank CEO Christos Megalou says "Citi sold its Greek mortgage portfolio for 53 cents in the dollar, and although the pricing of Crédit Agricole’s leasing portfolio was undisclosed, we believe this was also above 50 cents," he says. "On the basis of those transactions, I am confident that investors will increasingly see value in Greek loan portfolios, and as the market becomes more liquid, pricing may begin to surprise on the upside."
Maria, if you decide to sell some of EGFEY, understand that you will not be able to claim any tax losses in your brokerage account for the shares in that account IF the sale occurs 30 days before or 30 days after the same security was purchased. This is called a wash sale, and the shares in your Roth IRA are included along with the other shares in determining if a wash sale occurs.
However, you can buy and sell the same stock as many times as you want in the Roth account, and the wash sale will not apply there nor does it apply to an IRA.
Also, another factor to consider in selling shares in a brokerage account is that gains are included in taxable income. For more info you can google wash sale or ask your tax advisor.
Ha, Red, I think we may have taught Maria to day trade, for better or worse! However, the best teacher is probably experience.
I'm afraid to leave the computer for fear a story comes out about refinancing going thru! Guess I'll just go ahead and enter a position, If a trader had been online this morning at 8:30 and had read the CEO's letter, buying Vnet they might have gotten close to an 8% gain. However it shot up really fast.
First, there were too many banks. Second, the banks’ exposure to Greek government bonds (GGBs) blew a hole in their capital bases when they were press-ganged into participating in the private sector involvement (PSI) in April 2012. Supporting the PSI meant that Greek banks were REQUIRED to swap EUR48.6 billion of GGBs into new bonds at a steep discount, generating losses of 78% of the legacy debt,. Third, the recession that airbrushed away a quarter of Greek GDP left the banks with portfolios of loans that were non-performing.
Greece’s crisis was none of the banks’ making, as it was in many other countries. "Greece’s crisis was led by the sovereign, not by the banks," says Thomopoulos at Piraeus Bank. For example, it wasn’t the banks’ idea to allow pastry chefs to retire on a full pension at the age of 50 on the grounds that breathing in the fumes from burning flour made their profession unhealthy. goo DOT gl SLASH 1ACnwm
LOL! That one is too expensive for me! I have to trade lower priced stocks in case I'm wrong I don't lose as much.
AT up - So Soros knows!?! BIOL is also up, 0.74%...to collaborate with the St. Barnabas Medical Center in New York to conduct specified research with its recently developed and patent-pending, revolutionary new surgical laser, code named the DRAGON.
This creates interesting clinical capabilities that could potentially apply to a variety of medical applications. The DRAGON is currently targeted toward wound healing, Otolaryngology ("ENT") surgery and Ophthalmology. The Company has recently built its tenth fully-functioning prototype, six of which are already involved in pre-clinical testing by key opinion leaders and physicians.
However, they do sell other products that aren't in development.
I guess the trail is over in PR now?
By the way, Stevia is very concentrated, and when someone uses too much it will taste bitter. My jar came with a dispenser that holds a very minute amount per serving. I use a full dispenser for cereal and only 1/2 of dispenser for a cup of tea.
Hi Maria, see my reply to Red re Syriza; they will probably leave the banks alone according to bankingnews.gr but may mess other things up. Ha, I bet Red is having fun with MTL this morning - it's up!
Re EGFEY, the price it closes at is not always the price that gets credited in our account. The formula is very confusing to me. If you take the number of shares you have and multiply by the closing price, you will be able to tell if your account was credited for that day's closing price. Let me know if you have a chance to do that.
I've been wondering why your MD told you that you had to have that test? It seems kind of mean of him to say you had to or find another MD! Guess he just cares about your health though.
Sorry for the delay in replying. Yes, trading may not result in quick riches. As you’ve said, you ‘invest’ in healthy companies and hold them in the core of your portfolio, giving them time to grow. I’m sure you’re aware that just by saving a certain amount each month you WILL be a millionaire by retirement age. I’ve played with the on-line calculators to determine savings needed based on starting age. Wish I’d looked at this when younger!
It seems at times it’s very hard to be patient even with core holdings when one watches the stock market daily. As for you being lucky, don’t sell yourself short. The $ you’ve made was the result of study, research and common sense. A little luck may have been involved with MTL but you had the wherewithal to buy when it was at a low price and didn’t risk $ you couldn't afford to lose.
I guess the decision to trade stocks boils down to whether it is something a person enjoys doing. I enjoy choosing a few stocks to trade b/c I’m not investing $ I cannot afford to lose. Also I find following the stock market interesting as it reflects what is happening in the world.
Ha, if you decide to stop trading I don’t know what Maria and I will do without your guidance! Speaking of which, have you seen the Negative Volume Index and Positive Volume Index indicators? I recently found them on freestockcharts. When these index values are compared to their respective one-year moving averages, buy/sell signals occur. The default settings are 255 EMA, but I’m trying them with shorter MAs. The NVI indicator was designed for broad market indices, but it may be used for stocks and ETFs too. Since it may be out of sync with certain stocks, it’s good to study how it worked in predicting a price movement for a particular stock in the past. If you can muster up some interest, details are at goo DOT gl SLASH f2WmK0 as well as other sites, such as a Stock Charts article.
Have you been naughty on stocktwits? Ha - now Maria and I have the honor of your risque posts! :) And you know how we 'both' love those!
Where is this info coming from? It’s been reported PR wouldn’t agree to settle outside of court. Well, women are guilty of changing their mind. haha
All four systemic banks closed up in Athens: Eurobank +3.62 percent on highest volume of 45 million shares; Nat’l +3.14 percent; Alpha +2.09 percent; and Piraeus 7.94 percent.
Wow! It’s a miracle that the entire population of these countries have not become infected and that more health workers have not fallen ill considering their inability to convey the importance of changing local customs regarding funeral ceremonies and burials.