I am also adding because the same way PGN dropped it will suddenly jump. And you are correct in that the stock is dropped from 3.35 in Feb 9th to yesterday's 1.74 which is exactly, to the penny, 50% correction in 23 days; but if you look just a few days further back you'll also notice the share went from 2.02 on Jan 28 to above mentioned 3.35 on Feb 9th, a gain of nearly 65%, in half that time or just 12 days.
So just hang in there and add if you can and you be ok, Also note that there are no profit takers right now as it is trading at all time low. I also agree that there is no good reason out there for such huge price drop which is all that much better for those accumulating.
Sentiment: Strong Buy
Talk about strange market "knee jerk". NBG and Greece itself are able to raise funds by going to the markets and investors for the first time in 6 years indicting they have dramatically improved and they are trusted again along with multiple upgrades and NBG shares prices rather than go up they tank?
This is one "knee jerk" reaction that is soon going to be reversed. No wonder all the upgrades.
Sentiment: Strong Buy
It is NOT old news. If you look at the copy and paste from Shabamoon you'll see it is dated May 13th, 2014. Just minutes ago I was looking up NBG on TD Ameritrade and seems it was posted there as fresh news for today and repeated 5 times under slightly different headings or by different news agencies. But at least looking at the message boards it seems nobody found out about it until after markets had closed.
what time today was the report released because I don't think anyone knew about before markets closed. If so I believe NBG and other 3 Greek bank stock should and will get a bump tomorrow.
current market cap just above $8 billion. Following today's offering their cash hoard reaches nearly $17 Billion. On top of that the offering makes them able to buy back 1.35 billion Euro of preferred shares by Geek state.
That proves that the investors think that the offering price is too low and expect it to zoom up hence they all are lining up to buy at such low low price offering. It won't be long for it to fly again and this time may be for good as it is extremely unlikely that they would need to raise funds again with extra $1 billion cushing they built into this latest offering.
Thanks Red. are saying I should or should not buy call options for NBG at this time or wait for more opportune time?
But also please answer my other question as to which call option is the best or is the one you recommend for someone in my case that needs much gains to get back in living again.
Also, could others please chip in to help? Thanks.
I got wrecked in the last market crash of 2008 and have finally saved some money. In order to get even a fraction of my losses back there is no way I can do it by simply buying stocks but there is a chance if I buy options. I have been following several companies but NBG is turned out to be my #1 choice for buying call options now that is only a buck away from its all time low. I know all about every news regarding NBG and have been reading their fillings, the web site, analysts reports , message boards, etc and don't need any advise about NBG itself.
I just need people to help me decide whether this is the bottom, close to the bottom, etc and when is a good time to buy call options if I have already set my mind on that. Also PLEASE guide me as to which call option is best to buy. I am leaning towards Jan 2015 as they are dirt cheap but need help. Of course I know why they are cheap and I don't need any brotherly advise ...
It is a shame that one person under different aliases tries so hard to trash this board; no doubt this person would not sit around all day posting 260 posts in about a weeks time unless if they were a paid basher and got paid so much per bashing post. This also tells you how low a lowlife such as this person can sink.
Of course then there are those good folks like Brenda that do research and provide valuable information while at the same time never insult anyone.
sorry but have not seen your post but will check it out.
I agree but over 5% hair cut yesterday and in red today? Don't tell me there was all negative and nothing positive about that bond offering? What if there were much less demand for the bonds at higher rate than what they actually had which was 5 times as much demand and the rates went down from 5-5.25 to 4.95?
Come on NBG. Go green. Please!
Keep your fingers crossed and your eyes towards the skies.
Anyone cares to weigh in?
Staying hopeful. I continue to think yesterday's sell off in the face of great Greek bond selling was uncalled for.