Your Big Fat Greek Trade
Greece might be home to ancient markets and bazaars but there are new ways to profit in land of Plato and Socrates. Following is Tim Strazzini's philosophy for making fast money in today's Greece.
Dylan Ratigan explains Greece’s stock market is up 10% in the last year and shares of Greek financials are up nearly 20% in the same period.
Tim Strazzini likes The National Bank of Greece (NBG)– and explains that he owns it and has for a long time. He adds that he also owns regional banks in a lot of Western and Eastern European countries because they’re “cheap” stocks. Tim says when the banking systems mature, they will do well.
In Greece, Tim also recommends Hellenic Telecom (OTE) and Coca-Cola Hellenic Bottling Co (CCH) because the consumer base is expanding.
Eric Bolling adds Titan Cement (TITK) – as his pick. This stock trades in Athens.
Fast Money World
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| -- | -- | -- | -- | -- |
| ETE-GR | National Bank of Greece SA | 7.70 | +0.14 | +1.85% |
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Trader disclosure:
On APR 23, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders.Strazzini Owns (EWG), (MER), (NBG), (SNDK) Bolling Owns (NMX), (SZE) Natural Gas, Corn, Gold, Silver; Bolling Is Short Soybeans