Post by
Contra_Man on Jul 07, 2015 3:36pm
So YOU (US/IMF/EU) LENT Your Debtor Too Much Debt???
Added and filled ten (10) positions into GREK-N @ $9.77 as we all wonder if you are ever going to pay low interest to me on the millions of dollars I have lent to you in the past. My bad but your bad more as I did lent money to you now in the billions in error... and over and over again. So now I want my money back and you said "No, don't have it anymore!" What to do? How about you pay me a few bucks to pretend your loans are good and still current? No. Hum. What to do? Let us see then if you will work for free for the rest of your life? Perhaps give up fifteen percent of your pension income each month this time, ten next time to make just the interest payments on my poorly chosen investment loans? Perhaps cuts will be welcomed some day.... but likely not. So stop with the farce and consider the final decision to just write off the Lenders bad loans and move on. No, can't and won't. But if so... then why not take a loss and why keep kicking the can down the road if its going to just end anyways with non-repayment of lent (and already lost) capital? Timing, its all in their chosen timing of taking the loan losses upon fully transparent disclosure! Investing,.. this is not investing.
Cash is never held by anyone with wealth in Greece or even in many developed nations. ATM's are not working all around the World each and every day somewhere. See Western Onion for real access to transferring money to your Greek Grandma as no real money is locked up by the Banks as no real money has been deposited. No banking industry in the first place so worst case a series of haircuts ahead to bad banker loans to Spain, Portugal, Italy, etc. all of which can be handled easily without contagion risk spreading. Nice greek tragedy but a old drama with no more air play.
Comment by
Contra_Man on Jul 08, 2015 3:34pm
Added & filled five (5) GREK-N @ $9.78 to hold 15/15 allocation.
Comment by
Contra_Man on Jul 15, 2015 12:24pm
$10.36 Exited (+10%) leaving 1/4 trading profits to ride the Greek express to nowhere.
Comment by
Contra_Man on Jul 21, 2015 11:24am
Exited 1/4 trading profits GREK-N @ $10.08 (+3%) as was held in the PIGS to now hold NIL across the periphery.
Comment by
Contra_Man on Dec 22, 2015 12:46pm
Re-boarding GREK-N @ $8.28 for ten (10) starting positions.
Comment by
Contra_Man on Jan 21, 2016 11:55am
Added & now filled ten (10) GREK-N @ $6.49 to now hold o/w 20/15 inventory allocation.
Comment by
Contra_Man on Feb 08, 2016 4:09pm
Adding & now filled five (5) GREK-N @ $ 5.89 ACB to hold 25/15.
Comment by
Contra_Man on Mar 02, 2016 2:43pm
Exited GREK-N @ $6.85 (+18.5%) to hold 1/2 trading profits.
Comment by
Contra_Man on Mar 03, 2016 11:04am
Exited 1/4 trading profit in GREK-N @ $7.02 (+21%) to hold 1/4 trading profits.
Comment by
Contra_Man on Jun 10, 2016 10:40am
Exited all profits @ $8.28 (+42%) to now hold NIL in Greek.