Bought NBG Replaced BWLRF & NDAQ

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October 10, 2007

I took profits in BWLRF of 25% and NDAQ of 25% and replaced both with NBGNational Bank of Greece. Slow mover, but undervalued. I still own BWLRF in some other accounts. I now own no NDAQ, but will look to buy back on pullbacks.

NBG -National Bank of Greece has a dividend of 10.9% and still has some hefty growth prospects.

I’m just thinking with all the those profits the Shipping Tankers are having, this bank is probably going to benefit in some way.





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