Take a wild greased lighting ride on this liquid rollercoaster: Not the first time this Index has plunged
National Bank of Greece SA (NYSE.NBG) $4.21 +23% 12B (MarketCap)
On October 1st , 2008 (NYSE.NBG) was trading at $8.00, 24 days later it was trading at $3.01 losing 62%. On March 5th the stock culminated it’s decline at $2.13. This stock rallied all the way back to the $8 area before taking it’s recent nose dive back to retest those October 2008 levels. This decline however is on very high volume which tells me the shorts jumped into this over the last week as a hedge.
This Greek ADR is a tricky trader with lots of volatility and liquidity and its relatively unknown to the public. I can tell you it looks like a fun stock to trade in the current economic climate. This stock represents the current crisis and is a good way to play a European Bailout (EuroTarp).