interesting chart..

This seems like a decent binary bet on complete default.. any fundimental ideas on this one ..

http://finance.yahoo.com/echarts?s=NBG+Interactive#{"range":"max","allowChartStacking":true}

 

this is what i found riddick... "TheStreet Ratings team rates NATIONAL BANK OF GREECE as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:"

no crap... it's a distressed asset period.. This would be like buying a company on the small chance it might make it through without going bankrupt..

 

GREK ETF will survive as oppose to NBG might not

 

Buy 'em.

I like the optionality on that. The risk is clearly defined (85 cents or whatever) and the upside if Greece does pull through is pretty good. Face it - I doubt there are many sellers left.

 

Yeah i think of it as a binary bet with asymmetric payoff... heads you lose .85 cents , tails you have a long term winner easy triple your investment