You can do that. The agreement signals one very significant event. Both the EU and Greece agree that Greece retains the euro as their currency. It's a win-win scenario. Monday is not the end game here.
continuing from my Feb. 16th message to pasato_delafesta . Those that listened to your scare tactics have sold and were taken advantage by your fear monger8ing. It's obvious I was right. Fund money has bought back in. With Cramer suggesting the risk was worth taking, with the volume, it couldn't have been all retail money in the game. As I said, the EU could not allow Greece to exit after the Swiss decoupled. The euro was crashing toward parity with the dollar. The entire Eurozone adoption of the euro was at risk and weakening the euro further would have been an unacceptable option. Putin, ISIS and a euro meltdown combined would have had a global impact.
For us longs who thought this through rationally and ignored the scare mongers, we are looking forward to Greece improving on it's economic problems of the past. Yesterday, The Wasington Post reported, " The agreement, in doubt for much of this week, avoids a potentially catastrophic exit by Greece from the euro zone." I'll end this message with a bit more from the article.
On the surface, it looks like Germany got everything it wanted out of this agreement, because it extends the current bailout with a few tweaks. But those tweaks aren't on Germany's terms. Greece will get to pick what economic reforms it's going to make, like stricter tax collection or stingier pension benefits — subject, of course, to Europe's approval — but, more importantly, it won't have to do any more austerity this year.
So for all the Greek drama, or if you prefer it in the German, sturm und drang, this latest wrangling ended with a pretty good compromise
1/15/2015 20,046,705 ------- 1/30/2015 26,136,603 = a 30% boost in the short position
An agreement will result in s short scramble for shares
I am not one to deny the truth and you're completely wrong to make others view me that way. The truth about you is you present your self as someone who can see into the future. You have a workman-like presence here for the past 2 months. Your bashing is self-serving. As for thread-reading, I've explained why I am long and it's not as you say, "buy and then think positive thoughts" not that simplistic. I understand you hope to have others see me as simple-minded. BTW, if you think the recent trend reversal that has this moving up is because it's retail money, you're wrong.
More than a month ago you said, "The music is over and the party is about to end.The music is over and the party is about to end.." As the Debbie Downer of this board you work hard hoping to convince others you know the outcome to all of this. Tell the board why you work away as slavishly as you do to have NBG shareholders sell ASAP.
I agree with the idea a deal that keeps Greece in the EU will happen. I'm long here and will add to my position. Taking this to another level, conservative versus liberal conflicting policies as to debt; liberals embrace debt, conservatives shun it. In the U. S. debt has been soaring and so has the equity market. Cramer poses the idea that restructuring Greece's debt to 70 years will allow Greece to stay in the EU. The Swiss have decoupled from the euro. You mention the domino effect and it's not a stretch to say the Swiss have shown to be the first to fall. Should the EU force Greece to default, the euro will suffer. Therefore, considering how more debt for the U. S. has proven to favor the liberal view, knowing that the countries in the EU are more liberal than the U. S. and that the EU must acknowledge the potential of a domino effect certainly destabilizes the euro, I expect an agreement. Exactly when the agreement is made, that is uncertain. Bottom line, expect volatility to rule and if already long pick when to add to your position on dips.
Pull up a 2 year chart with the 50 day. From April 30, 2013, the day it dropped 34.31%, an open/close of $9.
On May 17, 2013, not quite 3 weeks later, NBG closed at $23.90. What the volume and share price action is indicating, NBG, Greece and the EU are seeing how favorable it is reaching a long term debt agreement. The EU has fully understood that the euro benefits from keeping Greece in the EU. TheStreet's Jim Cramer is eyeing a Greece settlement, perhaps on Monday, and he is expecting a stretch out of payments over 70 years. This plan, he says, would allow both Germany and Greece to save face, and would "get this 11 million person sore that's on the back of the 700 million person Eurozone away." I hope longs understand the magnitude of what is happening and don't succumb to taking profits too soon.
My memory has nothing to do with the question. The Eurozone, hypothetically speaking, forces
Greece out. Greece reverts to the drachma. Greece services the debt with payment in drachmas. The question remains is that a win for the Eurozone? Try not to forget the question in it's entirety.
Think hard about how you'd answer that question. What I mean is, the eventuality that Greece goes back to the drachma, then the debt Greece owes will be repaid in drachmas.
If you have proof submit it to the SEC and FBI. The reality is you have nothing but message board BS.
more than 2 dozen bashes already. A hard worker.
Then your ability to jest and ridicule is made more effective by you having made a new alias yesterday?