NBG National Bank of Greece Update

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NBG National Bank of Greece

Effin Support Levels - RESPECT THEM!!!

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Called NYT - The New York Times here on June 22nd, 2011.


Look what happened in the following days. Notice how the 20sma is respected despite weak market and some serious volume.


Now here is the call on TNK I posted for June 27th, 2011.


Here is a chart of the following days. Notice the respect for support levels.

NBG Bank of Greece

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NBG Bank of Greece

Watchlist 06/27/2011

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AFFX Affymetrix, Inc.

GRT Glimcher Realty Trust

SBIB Sterling Bancshares, Inc.

SID Companhia Siderurgica Nacional (ADR)

TNK Teekay Tankers Ltd.

UTHR United Therapeutics Corporation

Review 05/23/2011 and 06/08/2011

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AAPL Apple Inc. Bounced a little off the 330 near support level, but only went to 335. The exit was the break on the near support level. Could have played the bounce off the 200ma and then went short off the break of the 200ma support level.

MOBI Sky-mobi Ltd. This dipped further than predicted. Obviously spurred on by a tough market. Still a nice short play. This may now base at these levels.

MGI Moneygram Intl. Another nice short call spurred on by a failed breakout and a bear market. The short call was from 3.76, the stock is currently trading at 3.22.

DHT DHT Holdings Inc. Had a very violent dip on the 8th, the day after my call looking for a reversal. The rule is, bottoms and tops are usually found after sharp movements. Unfortunately, this gapped up the following day and I missed the trade since I don't play gaps. However, the stock is trading at 3.69 off the 3.50 low.

GLDD Great Lakes Dredge and Dock Corp. this based a little after the watch report. It then dipped significantly before reversing. See the rule above. It is trading at 5.48 from the 5.16 low.

ZIXI Zixlt Corp. The entry was at 3.35 and the stock ran to 4. Big run after shaking people out and dipping below 3.31.

TSYS TeleCommunication Systems, Inc. This dipped below 4.80 before reversing. It reversed a little to trade at 5 again before dying. Glad I didn't play this after watching it dip below major support and market bearishness.

MTG MGIC Investment Corporation Dipped to the 7.30's before running to above 8. A nice bounce from near the 7.21 call.

STM STMicroelectronics NV Never played this because of the big gap down the following trading session. However it is trading at 9.68 from the 11.30 short entry call.

Early Watchlist 06202011

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MCRL Micrel, Inc.

RBCN Rubicon Technoogy, Inc.

CIEN Ciena Corporation

TIVO Tivo, Inc.