EGFEY - Greek Banks Continue To Melt Like Butter
Since my last article on August 23rd on why Greek (GREK) banks are not investable, and why you should stay away, the sector has corrected as much as 50% (please consider: Greece: Forget About The Positive Headline News, Nothing Has Changed).
As of October 9th Alpha Bank (OTCPK:ALBKY, OTCPK:ALBKF, OTC:ALBQY) went from about 1.7 euros to 1.17 euros.
EFG Eurobank (OTCPK:EGFEY, OTCPK:EGFEF) corrected to 0.50 euros from 0.75 euros.
National Bank of Greece (OTCPK:NBGIF) was around 2.40 euros, and today around 1.54.
And