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National Bank Stock Crashes 99 Pct In 24 Months, Could Be The Next Ten-Bagger

Which country’s National Bank stock price crashed more than 99 percent in just 2 years time, and is poised to go much higher from here?

The answer is: Greece.

The National Bank of Greece crashed in several phases. It started in 2011. The chart below shows the second phase which started towards the end of 2012 when the stock was trading around $550. As of summer 2013, it went downhill, and resulted in true capitulation starting November 2015 when the stock was trading at $15.

Early 2016, the National Bank of Greece crashed to $0.1.

And then something very ‘normal’ happened: the crash stopped (well, after losing 99.99 percent it has to stop, right). At a certain point, all sellers leave the arena, and that is what happened last year.

Since then, the price of the National Bank of Greece stabilized. The longer the consolidation period after a capitulation, the better.

Right now, the stock is attempting to break out. It is not clear yet whether the breakout will occur. If, and that is a big IF, this stock goes higher from here, and (another big IF) the Greek stock market rallies as well, then the National Bank of Greece could become a multi-bagger in a short period of time.

Investors who love to buy low, when there is the proverbial blood on the street, see a potential once-in-a-decade opportunity arising here. Time is needed to confirm that this is an exceptional opportunity, it is not confirmed yet, but this could really be ‘the real deal’. Smart investors are watching this market very closely.

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