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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,423 Blog Posts

The Ultimate Bankruptcy Play: Why the Hell Not?

Dr. Fly Mon Mar 25, 2013 9:59am EST 5 Comments

BEHOLD, gentlemen, the National Bank of Greece.

NBG

Pair trade idea, or “pairs trade” idea, as some of you illiterate like to say.

How about short Bill Ackman’s retarded JCP, long NBG? I am sure there is a 100% spread in there somewhere, as the resilient people of Greece rebound and the misfits over at JCP, led by Ron “businessman” Johnson, file for bankruptcy protection.

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5 comments

  1. chivo
    chivo
    March 25, 2013 at 10:03 am

    JCP and natl bank of greece are very correlated..great for pair trades

    and ur talking about going long a greek bank

    are u longing for some excitement in ur life? i suggest diving with crocodiles like anderson cooper, cause that is probably safer than buying some greek bank bullshit

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  2. Heaterman
    Heaterman
    March 25, 2013 at 11:13 am

    What is this nonsense?……..CROX sucks……..

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