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Started By
Message
re: Trading the Greek Crisis
Posted on 6/30/15 at 2:51 pm to LSUchuck
Posted on 6/30/15 at 2:51 pm to LSUchuck
quote:
I'd like another day of panic selling so I can get some discounts
You'll probably get your chance. I think market rebounds to SPX 2080-2089 then the fireworks really go off for a big move down.
JMHO
1
Posted on 6/30/15 at 3:13 pm to LSU1NSEC
Was considering what to buy during the last hour of trading, but I couldn't pull the trigger. The missed IMF payment will be a negative, but the third bailout proposal and the massive 'yes' referendum protest are positives. I'll reevaluate tomorrow morning. I'm leaning towards buying NBG.
Posted on 6/30/15 at 3:58 pm to Omada
Same here. I put in an order for KO at $39.11 and it didn't get there.
Where do you plan on buying NBG?
Where do you plan on buying NBG?
Posted on 6/30/15 at 4:01 pm to Omada
Metals gave everything back and then some. Brent came back. Ho hum, almost like nothing happened at all. Equities seem to have treated this as a hick up as well. Dollar index didn't do anything overly dramatic ether day.
Through it all, NBG just basically stood still after yesterday's drop. And the large drop was premarket. I should have checked the volume yesterday morning, but I didn't as frankly for whatever reason, I wasn't that interested. I expected it to get hit, and it did. All I really needed to know given my longer term time frame.
For me anyway, I think I was correct. I saw no way to really trade this given the amount of time and effort I was willing to put in to it. Yesterday would have been the day, and I think most of the opportunity would have expired by 1030 EST.
Part of this, and I speculate, is just as I'm going to Lake Geneva, most serious East Coast money and most managers are at the Hamptons, or going there shortly. I've always watched very closely after the July 4th holiday, and extremely closely after Labor Day weekend when the east coast players start to get more serious. Especially after Labor Day when I think they start to reposition for real. Just an instinct I've always tested throughout the years. I think there is a pattern. I'm not sure it would pass a scientific test or anything, but I believe it is there.
Through it all, NBG just basically stood still after yesterday's drop. And the large drop was premarket. I should have checked the volume yesterday morning, but I didn't as frankly for whatever reason, I wasn't that interested. I expected it to get hit, and it did. All I really needed to know given my longer term time frame.
For me anyway, I think I was correct. I saw no way to really trade this given the amount of time and effort I was willing to put in to it. Yesterday would have been the day, and I think most of the opportunity would have expired by 1030 EST.
Part of this, and I speculate, is just as I'm going to Lake Geneva, most serious East Coast money and most managers are at the Hamptons, or going there shortly. I've always watched very closely after the July 4th holiday, and extremely closely after Labor Day weekend when the east coast players start to get more serious. Especially after Labor Day when I think they start to reposition for real. Just an instinct I've always tested throughout the years. I think there is a pattern. I'm not sure it would pass a scientific test or anything, but I believe it is there.
Posted on 6/30/15 at 4:10 pm to Iowa Golfer
I guess I should add I did sell VIX long calls yesterday to get some of my insurance premium back. I haven't repurchased, but likely will to some extent. I've been at about 35% of portfolio insured as near as I can guess it. As is my pattern, I took the VIX gains and went bargain shopping. I just wasn't really excited about anything, so I bought a small amount of ERN, and the rest went to cash. I have short calls sold on ERN, so I want some cushion in case the buyer actually has enough money to put shares to me at $7.50. I sold at $2.15, so the buyer has been in the money under $5.35ish. No exercise. What do I learn about this put buyer from the fact they didn't exercise at yesterday's low. Not only didn't exercise, but couldn't find a buyer at the ask.
Talk about arbitrage opportunities above. I'm not good enough, or smart enough for that. I am good enough to see under 200 open interest, realize it is almost entirely mine, bait the hook and wait. A bit of a risk, but apparently the buyer is going to try to sell to close. But I ain't buying. I'm going to try to force him to exercise, and I have some time as I went out far month.
Talk about arbitrage opportunities above. I'm not good enough, or smart enough for that. I am good enough to see under 200 open interest, realize it is almost entirely mine, bait the hook and wait. A bit of a risk, but apparently the buyer is going to try to sell to close. But I ain't buying. I'm going to try to force him to exercise, and I have some time as I went out far month.
Posted on 7/1/15 at 12:14 am to bayoubengals88
quote:That'll depend on how things develop over there, though I think I may get in sometime after the referendum. For now, I'm fine staying back and watching if it means my capital is secure. I'll post when I make the trade, if you would like.
Where do you plan on buying NBG?
Really wishing I had gotten into EPV today. I think Europe is going to take a hit tomorrow after the missed IMF payment.
Posted on 8/4/15 at 7:55 am to Omada
More NBG premarket. I'm comfortable at this level for a speculative long term position.
Posted on 8/4/15 at 8:01 am to Iowa Golfer
Lol. I bought back when NBG was over 3.00 per share.
Posted on 8/4/15 at 8:20 am to Paul Allen
It happens. I have some pretty high as well. Let it sit and forget it. NBG will be fine.
Posted on 8/4/15 at 9:32 am to Iowa Golfer
Wish I had gone in DWTI like I mentioned. It's up 85% since I started this thread.
Posted on 8/5/15 at 7:01 am to Omada
More NBG early, early this morning.
Posted on 11/20/15 at 3:26 pm to Iowa Golfer
NBG at 18.9 cents.
Is it time to load up?
Is it time to load up?
Posted on 11/20/15 at 4:34 pm to white perch
Posted on 11/20/15 at 4:52 pm to white perch
I mean, they are about to do a reverse split. They are struggling to raise capital as it is. NBG is in a mess, and yes I own NBG shares. I would stay away
Stock soars 400% next week
Stock soars 400% next week
Posted on 11/20/15 at 6:06 pm to windshieldman
You keep mentioning the reverse split. This doesn't mean it's guaranteed to go down after that happens. While usually not the best sign it doesn't mean shite is hitting the fan based solely on this. They are doing it so they don't get delisted
Posted on 11/20/15 at 6:15 pm to thatguy777
Is it true they are selling 15 billion shares for €.02 each? 
Sounds like it's turning into a Ponzi scheme honestly.
Sounds like it's turning into a Ponzi scheme honestly.
Posted on 11/20/15 at 6:52 pm to thatguy777
quote:Logically, you're correct. But if you find a market that reacts logically, just know that you are probably in an economist's dream.
reverse split. This doesn't mean it's guaranteed to go down after that happens
I've been out of NBG since July. Once I found out that they would most likely have to turn their debt holders into equity holders, I got out and have just been watching. I may get in after all is said and done, but not before.
Posted on 11/20/15 at 7:56 pm to thatguy777
quote:
You keep mentioning the reverse split. This doesn't mean it's guaranteed to go down after that happens. While usually not the best sign it doesn't mean shite is hitting the fan based solely on this. They are doing it so they don't get delisted
I'm not disagreeing with you but when a major bank is at 0.20 a share, shite has hit the fan. Like I said, I own shares in it, hope for the best. I just wouldn't recommend buying more right now.
Posted on 11/20/15 at 11:38 pm to windshieldman
Posted on 11/21/15 at 9:05 am to TigerDeBaiter
Their model has been dilution to increase liquidity. There have been times they had other options, but invariably they dilute.
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