National Bank of Greece S.A. Pfd. Series A ADS NBG.P.AWD

Interesting Play but for US dollar exchange

[G1945V]

Still below book value at this SP.  Or is it?

Is it time to jump in?

 

NBGGY(NATIONAL BANK GREECE SA ADRS SPO)				Real-time
$0.2640	Bid: $0.0000		Ask:	$0.0000
-0.0090	Bid Lots: 0		Ask Lots:	0
	High: $0.2740		Low:	$0.2571
Last trade:	Vol: 1,057,905		Tick:	+
10:49 ET

[Defaulter]

My gut feel, based on last year and the way the bailout was planned and implemented, the stock is going to move upward slowly in the very short term interim and then move hard. At first I was focused too much on the exchange rate, but then realised the potential return far outweighs that cost.