- With Already 94% Decline from Its Peak, Is The Greek Equities Index, the Largest Bear Market in History?
- GRE Greece ETF Update and Charting the PIIGS Main Equity Indices [UPDATE]
I have myself initiated a position — which unfortunately remains too small so far — in GRE, the ETF that I used as a proxy for the Athex 20. My broker is telling me that my average buying price, including transaction costs (high on such a penny stock) is 0.913€
During the past few days, the ETF on the index has soared to about 1.15€ (see chart below):
I am now wondering if we have finally bottomed (my post about the 94% drop from peak seems to have picked precisely picked the bottom), and with my position more than 20% up in a few days, it's difficult to have the guts to buy more here.
I will nonetheless look at buying some more, and will carefully watch what is happening on this market. This might be buying opportunity of a lifetime as far as Greek equities are concerned.