one of the few charts I've been watching all year.
Comments
Slinky
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Do you think, this stock is going down?
JimmyClifford
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Slinky, I don't believe NBG will draw down below the current support 'less there is some sort of geo-political shite-storm. From what I've been able to learn and that's not really saying alot because I'm strictly and amature trader. I believe NBG is considered "too big to fail" to borrow a phrase. NBG has been granted assets from weaker concerns with Guarantees from one of the alphabet soup entities who's four letter acronym escapes me. My personal belief is NBG's chart could look like Citi's after the US Financial Fiasco if share holder equity is not wiped out as a liabilty by a BK or something like that over the next 2 to 3 years. They were able to raise private equity to stay afloat. That with the sale of some assets NBG meets stress test requirements. They have an extremely profitable enterprise in Turkey. They are currently reining in costs with a LARGE layoff as we speak. I feel great about my investment here. However, you should do some digging and try to speak with someone closer to the situation. A risk assessment tool I found on the Nasdaq plotted NBG as an extremely dangerous(mywords) investement. "I'm not sceared" as they say, maybe stupid though believing I could catch a 10-20 bagger here with patience. I have set a Google Alert for the National Bank of Greece and have recieved "some" good info and alot of junk too. Good Luck