National Bank of Greece, PIIGS in the Mirror (NBG)

Posted in pre-market 
April 22nd, 2010

National Bank of Greece SA (NYSE: NBG) is down yet again.  The Greek budget deficit was worse than expected, causing more woes to Greece and therefor to NBG as it is the proxy stock which investors use to bet their daily trades on in Greece.  Shares are trading down almost 4% at $3.20 per ADS this morning and at 8:39 AM EST we have seen 175,000 shares trade hands.  This is becoming only too routine.  The 52-week range is (was0 $3.33 to $8.37 and the average volume is now 6.3 million shares.


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