NBG....

i want to buy on "feelings" also....haven't yet...this bitch could have fleas

I'm interested as well but not sure their situation parallels the BOA situation. The government in Greeceis far less stable than that of the U.S. I was there a couple years ago and seems like there is a big rift among the people about the austerity measures and inclusion in the Eurozone. I am interested in what others have to say about it because like you, I have been watching it as well but I really don't know when or if it becomes a good buy.

Yeah, hopefully some more insight out there?

I also purchased warrants and preferred shares. Preferred shares due to previous redemptions, and warrant issued directly by NBG. The warrants are more risky as they need to be in the money upon expiration, but NBG issued warrants good until 2018.

The common stock mentioned above is really the risky play along with the warrants. The preferred shares are a pretty conservative play, and really how the hedge funds (which mostly played other Greek banks) played NBG.

I've seen several arguments about how NBG is a truly overvalued bank given its balance sheet, so again, the common stock play in light of their history of dilution is risky.