The chart looks similar to Citigroup's in mid-March, 2009.I don't really know if National Bank of Greece has the clout and fundamentals to warrant a four-fold run (like Citi) from its low of 2.60 last week. But it looks remarkably similar.
Is a bailout a bailout? We'll see soon enough. NBG gets 120 million euros. Holy bankroll!
Here's NBG's six-month chart and, below, C's two-year chart, with the decline to March '09's bottom.
1 comment:
NBG goes higher. The book value alone is double this level. With the Greece bailout this stock will go to $5 real fast as the debt ratings are improved. It will go even higher before too long.
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