It is sad we have such short time horizons, Apple was 15.00 15 to 20 yrs ago, NBG was 105.00 just 7 yrs ago, and interest rates will go up, real estate will recover, and investors will buy bank stocks again, see you guys at 5.50 after revers split, and then the up flying eagle will take us to 10.00.
I don't know one Greek who wants NBG to fail, they are buying ion dips, the bottom is in 1.18 now 1.20 up we go.
I think at 5.5 dollars a share we see many new investors and a big jump to 10.00, and with austerity, taxes coming in, and a healthy Greece this bank will go a tere, or robust recovery. It is a fact healhy goverment, healhy econ, healthy corporations, and healthy stock market.
This is great news we have now a 5.00 stock that can be bought by instit, mutual funds, and large corporations, we see a healthy turn around coming.
I will buy oday the storm has ended, and true value is here.
I think it starts to move back up, large institutions must cover, and get stock qhile it is cheap, and 451 branches, in 5 countries, and diversified portfolio. It is the no. 1 bank in Greece.
Their are other issues to rsolve alpha bank, eoru bank, and other merger talks, and the issue of shares in US, or Gree ce, and the large investors such as GS, MS, and hedge funds buying shares, and their is the the institutional buyers coming in, and large blocks because of the econ turn around coming in Greece, and shipping has picked up. The tourist have rejuvenated, and NBG has hotels, and resort properties, and they are diversified.
I think that once econ turns north this is the stock to own, it is over sold and so cheap.
It is a slam dunk.
I am stunned that MM are selling when this a strong buy with GS, MS, and hedge funds in now not when stock is 5.50 after the split, this is cheap and the Alpha share rights.
This is what they call volatility quotient, and so very many codes, and in truinsic measures to measure, and so many variables to research, so thet odds are volatility not seen in years, but Greece will prevail, and the Government will back up their banks before any other industry, and Greeks need banks to do shipping, and goods for transport, and international travel, tourist, and greeks going to home country from US need a safe bank to park money, and real estate transactions, and banking is serious vocation, and Greeks will put their money in National Bank of Greece before any other national bank.
See through this as a storm, and see the end of the tunnel, and see profits , Greece always prevails, see that the smartest peoples in the world are greek.
What price did you buy it at, I bought at .98 , 2.36, and 2.13, and today at 1.65, my thoughts are we see volatility upward, and economy in Greece to improve, and the deposits will increase as mood continues to get more positivr, and remember mone thing Greeks are real proud of their country, and love their internal freedom, and will not bank any where but in their own country, and billions of dollars nedd to be parked somewhere, they prefer National Bank of Greece over the others.
My calculated thought is we see volatility upward with better earnings,better quality loans, better cost controls, and new mgmt., and Greek revitalized economy, and new Euro and Alpha acquisition, and Euro and tarp like payoff.
It is time to buy GS, MS, and hedge funds are in now , they seriously don't wait ill the storm of volatility stops, they go in when it is poping up.
I suspect Greks are putting their money in the safest bank, NBG.
I know one person who hates nbg, the rest think it recovers.
You have a high of 3.75 low .40 the econ is growing stock worth 10.00 when smoke clears, and if a rs occurs then, it will fly, but shareholders will want more warrants, an Alfa shares free, and a special dividend, it is surely a long way off, and many large share holders will fight a RS.
It is about the economy, the government, and the attitude of the investor, and Greeks have more history and pride than we Americans, and they will put their money with their local bank. It is so oversold, and the positive coments and the high expectations of a bank recovery are pres3nt, and the volume and following of this stock ahs increase 100 fold, watch this is a buy long term, most are buying for the bank earnings next QTR, not day trading.