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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.



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Seeking Alpha

Saturday, February 28, 2015

Stock Market – Why it’s Rally Time

The SPDR S&P 500 (NYSE: SPY) faced some volatility to start the year, but it would appear the way ahead is all clear for a rally. Issues that had presented challenges to higher stock prices have been cleared away and capital kept on the sidelines could be put to use now. Evidence is there that this is already underway. See my full report on the stock market rally here.

Market Sector
February 2015
YTD
TTM
SPDR S&P 500 (NYSE: SPY)
+6.2%
+3.1%
+16.8%
SPDR Dow Jones (NYSE: DIA)
+6.4%
+2.6%
+15.1%
PowerShares QQQ (Nasdaq: QQQ)
+7.4%
+5.5%
+22.1%
iShares Russell 2000 (NYSE: IWM)
+6.0%
+3.1%
+6.5%
Vanguard Total Stock Market (NYSE: VTI)
+6.2%
+3.4%
+15.5%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Friday, February 27, 2015

GLD – Why Buy the Gold ETF Here

On Christmas Day 2014, I ended my short opinion on gold and gold relative securities with the publication of this report, Gold Outlook for 2015 – Buy & Hold Here. I also suggested the best way to play a reversal in gold was through the Market Vectors Gold Miners (NYSE: GDX). But I never got on the record with my SPDR Gold Trust (NYSE: GLD) followers, some of whom may not be aware of my positive turn. At this point, after a pull-back from a high price point of above $125 in January, and currently trading at roughly $115, I see current value marking a near-term bottom in the SPDR Gold Trust (NYSE: GLD), and can suggest purchase of the gold security again. I believe gold prices should stabilize and rise from here as the value of the dollar gives way against major foreign currencies. Though I see some risk that capital could flow heavily into U.S. equities, and potentially draw from gold investments over the short-term, I see gold and the GLD security good to go long-term. Even as the Fed raises interest rates this year, I still anticipate the dollar will give way and allow gold to go higher long-term, as Fed transparency has greatly priced this fact into the dollar already. See my full report on the GLD here.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Bank of America – Fed Favor in 2015

Federal Reserve Chairwoman Janet Yellen’s testimony this week served as a reminder to Bank of America (NYSE: BAC) investors that Fed favor will fuel BAC over the next few years. The bank’s shares have traded with high sensitivity to the rate outlook, and the Fed continues to work toward increasing rates. BAC shares climbed approximately 1.4% just after Tuesday’s release of Chairwoman Yellen’s prepared statements. BAC closed up 1.1% on the day. It’s my view that as we approach the first Fed rate hike, BAC shares will creep toward $18, where they made their home before last quarter’s earnings report. See my full report on Bank of America here.

DISCLOSURE: Kaminis is long BAC. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Friday, February 20, 2015

STOCK MARKET RALLY IMMINENT ON GREEK NEWS BREAK

Stock Market Rally
A roaring market rally is probably imminent on the announcement of a favorable Greek resolution, as EU Finance Ministers are meeting in Brussels and there is impetus for the debate to come to a close today.

Greece has little time to close a deal with its euro-zone partners, with enough time for them to return to their home nations and get approval. For this reason, today's meeting is probably the one in which a deal is agreed to in principle. It is in nobody's interest for Greece to leave the euro-zone. Greece cannot afford the upheaval it would cause to its economy, and its government cannot risk driving it there. The euro-zone has no interest in returning to a climate of chaos and question about the EU's future. Germany even cannot afford to lose the weaker members of the euro-zone, lest the euro gain too much strength against the dollar and harm its exporting activity. A deal must come, and it should come momentarily.

Market action this year has been telling me something. The dollar has gotten extra lift against foreign currencies due to weakness in Europe and Japan, and due to the Greek disruption. Interest rates have come down in the U.S. to record levels, and stocks have been stymied in their tracks due to the uncertainty in the world.

But as the Greek issue is resolved, the flight to quality ends, and capital leaves U.S. treasuries for U.S. equities. The dollar will decline, gold and the SPDR Gold Trust (NYSE: GLD) and other relative ETFs will soar in value, along with gains oil and other commodities priced in dollars. The PowerShares DB US Dollar Bearish (NYSE: UDN) should rise and stocks should soar broadly. The SPDR S&P 500 (NYSE: SPY) has significant upside ahead of it near-term on this news, as do other broad market indices.

In order to leverage this move, I have been long the National Bank of Greece (NYSE: NBG) since it was a dollar a share; long the Global X FTSE Greece 20 ETF (NYSE: GREK); long Bank of America (NYSE: BAC) on the expected rise of interest rates; short the PowerShares DB US Dollar Bullish ETF (NYSE: UUP); and short the iPath S&P VIX ST Futures (NYSE: VXX); and long other equities.

Thank you for your interest and please follow along (there are many ways), as we will shortly be offering a subscriber section to more formally assist followers with security and portfolio selection.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.


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EUO ETF - I Made You 20% in 3 Months, Now Sell It

In mid-November, I suggested investors buy the ProShares UltraShort Euro (NYSE: EUO). Today I’m suggesting investors close the position and take the 20% profit earned over the 3 month period. I see the factors that have worked against the euro about to reverse, so sell the EUO ETF and take your gain. See my full report on the EUO ETF here.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Thursday, February 19, 2015

Greece – How Vitriol, Fear & Sensationalism Form Resolution

Greece on Map
By Markos N. Kaminis
www.WallStreetGreek.com

This article is free for republishing by any publisher without special request but only with proper attribution to the author and website as provided above.

Despite all of the vitriol emanating from the German side toward the Greeks and from the new Greek leadership about the former agreements of the predecessor government and the troika, I’m confident a favorable resolution is highly probable between Greece and its lenders. So do not hang on every sensationalized suggestion of reporters blindly reading cue cards prepared for them quickly by writers more concerned about getting all their content tied up before the show airs. Pay attention to the actual situation and the realities of it, and see beyond the poignant language used by those negotiating and those reporting it.

Markos N. Kaminis
Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Each morning we hear business television blatantly reporting things like “Germany rejected Greece’s offer,” or Greece did something negative. It’s all part of that sensationalism many media seem to get wrapped up in that causes them to not stop and take a moment to think. Or maybe they are simply reading the cue cards presented to them by the producers, who also give little time to any one topic for the sake of keeping the machine rolling.

Whatever it is, I’m tired of it, because it drives the losses of significant capital. Real money is on the table, though none of it from the reporters’ or producers’ perspective, as they are not allowed to own stock; the same often goes for analysts. But many of you are making panicked financial decisions based on some random person’s hurried words while on air from Athens, a place they neither understand nor care to know intimately since they only just arrived and are leaving in two days en route to the next catastrophic development to feed America’s television addiction.

When Greece was new to desperation and first in need of lifesaving capital from the troika, it signed onto about every prideful demand of every organization that believed itself entitled to demand whatever it liked of its desperate debtor. Those old faces of Greece did so not to dupe the Greek people for the sake of their own prosperity, but to survive, because it was the only option that did not involve severe disruption of the Greek economy and standard of living, or so they thought. What we learned was that there was no such option for Greece really, and a lot of that was due to Standard & Poor’s curiously timed downgrade of Greece, which just so happened to preserve the dollar and U.S. interest rates when all looked lost for America. I may discuss this issue in another forum or media at a later date.

After the loss of lives of many good Greeks on the abrupt changes thrust upon them, driving unemployment, bankruptcy, homelessness and suicide, new voices arose that noticed this bailout thing might not have been optimal. Recently, I heard the new finance minister said something about a cow and how whipping it will not make a poor milk producer do better. It reminded me of my own desperate pleas made a few years ago to whoever would read me about the bad idea Europe had for Greece regarding abrupt and disruptive austerity. Why should the Germans be surprised that Greeks would vote in a new government once their eyes were opened? It’s because the Germans haven’t missed a meal, or seen a cousin jump off a bridge, or lost their jobs, savings and homes. German dignity is intact; it’s blind, insensitive and intolerant, but intact.

Fortunately for Greece, there are other nations also involved in making decisions in Europe, and some of them have likewise felt the pain Greece has suffered. And fortunately for Greece, the Europeans will fear the unknown consequences of a Grexit more than giving Greece some room to breathe, and will make concessions to preserve stability. There’s too much risk for Europe to endure from what might happen, and it does not have the stomach for another tumultuous time. The same goes for Greeks, who despite enduring great pains from austerity, fear more what might happen if Greece were ousted from the euro-zone. Some Greeks have started to see improvement and do not want to return to the days of burning streets and disrupted lives.

There are some real worries though. For instance, worry about Alexis Tsipras’ press for a Parliamentary vote on austerity and basically euro-zone participation, which is a real concern considering his party’s new power. This should be a referendum issue and not one decided while Greece tempts Europe, because this government is too new and the people have expressed strong preference to remain in the euro-zone. And also worry about European hard-liners, who treat Greece more like a drug addicted stranger than an old wise brother who has gone through some tough times lately. Worry about people who want to make critical decisions on a short timeline and ahead of deadlines and drop dead dates.

In conclusion, the human condition and the patterns of people should lead to a surprising amicable solution, because in the end, nobody wants to usher in uncertainty and potential chaos. That is doubled for a region that is just coming through such a period. European hard-liners without personal attachments to issues will find it easy to back off seemingly solid demands and let softer voices balance the way. New Greek leaders, who spoke boldly before gaining power, will find power comes with great responsibility. Fear of failing the Greek people will cause those leaders to tread carefully lest they make an epic mistake. Change is something best tested and tasted before diving into, and fear of making a great mistake should lead Greece and its euro-zone partners to some compromise.

DISCLOSURE: Kaminis is long National Bank of Greece (NYSE: NBG), Global X FTSE Greece 20 (NYSE: GREK) and Bank of America (NYSE: BAC) and short the PowerShares US Dollar Bullish (NYSE: UUP), iPath S&P 500 VIX (NYSE: VXX) on the thesis of a Greece euro-zone resolution. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Wednesday, February 18, 2015

Short the Dollar – Sell the UUP

Traders with long bets on the PowerShares DB US Dollar Bullish (NYSE: UUP) have enjoyed a great run this year. However, I believe longs should now close the trade and consider shorting the security, as I have, or take a long interest in the security’s inverse pairing, the PowerShares DB US Dollar Bearish (NYSE: UDN). The dollar index was giving way again in overnight trading after dropping in Thursday’s trade. It’s a move I’ve been waiting on for a short while now. My reasoning has been that the Greece euro-zone concern has been overblown, and that as that became apparent to the market, the euro would recover some ground against the dollar. Peace in Ukraine, however fragile, is just a bonus I had not planned on but supports the play. Go short UUP here; I have done so using March at-the-money and June out-of-the money puts. See our report on short the dollar here.

DISCLOSURE: Kaminis is short the UUP ETF. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Get Him to the GREK

Investors interested in leveraging the prospect of a favorable Greece resolution, but hoping to limit risk to any one individual Greek security, can look to the Global X FTSE Greece 20 ETF (NYSE: GREK). The security has come off its highs on fear that Greece could leave the euro-zone. Though it has also come off its lows on the prospect of a favorable resolution, it still has a way to go higher because of the ongoing absence of that event. I think investors can buy it here for immediate upside to $15 on a quick fix and longer term gain to $17 to $20 this year. See our report Get Him to the GREK here.

DISCLOSURE: Kaminis is long the GREK ETF. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Tuesday, February 17, 2015

Bank of America – Why A Greek Fix Fast-Tracks BAC to $18

Obviously, Greece does not have a significant direct tie to Bank of America (NYSE: BAC), but in my view the future of the euro does matter a great deal to BofA’s operational performance. It’s not an easy read, but for the discerning analyst you can see how a solidified euro-zone can help the dollar lower against the euro and help U.S. interest rates move higher. That is what matters to Bank of America’s profit margin and so a favorable resolution to the Greek issue can drive its stock upward to $18 quickly in my opinion. See the report on Bank of America. Report also interests Citigroup (NYSE: C), J.P. Morgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC), Morgan Stanley (NYSE: MS).

DISCLOSURE: Kaminis is long BAC. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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OIL – Buy it Here

Over the last two weeks I have noted a trend in oil prices that can be exploited by investors and traders alike. Oil prices have slipped each of the last two weeks heading into the EIA’s Petroleum Status Report, on fear that the inventory data might show large inventory builds. However, once the report is released, despite it’s showing of inventory build, oil prices have found some support likely from long-term investment interests looking for forward developments. As a result, there’s an opportunity for entry in the iPath S&P GSCI Crude Oil ETN (NYSE: OIL) here. See the OIL Report here. Article also interests United States Oil (NYSE: USO), Energy Select Sector SPDR (NYSE: XLE), SPDR S&P Oil & Gas (NYSE: XOP).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Friday the 13th & the Stock Market

Stocks traded cautiously on this Friday the 13th, despite seeming to have some reason to rise. So are investors of the superstitious lot, or was there good reason for the trepidation? See the report on Friday the 13th and the stock market here. Article interests SPDR S&P 500 (NYSE: SPY), SPDR Dow Jones (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), iShares Russell 2000 (NYSE: IWM), iPath S&P 500 VIX (NYSE: VXX).

DISCLOSURE: Kaminis is short the VXX ETF. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Friday, February 13, 2015

Facebook (NYSE: FB) Should Do This To Unlock Value for Shareholders

I was overjoyed by Facebook’s (NYSE: FB) operational performance this past quarter as were most on the Street. Still, as I watched the stock collapse during its COO’s pre-conference call interview with CNBC (video no longer available at the site), I understood how the industry leader could do better for shareholders. Sheryl Sandberg had a fine interview, but I believe the company inadequately prepared the investment environment ground ahead of the EPS report. That I believe caused it to be poorly received and even today the stock’s compelling story fails to pull in bidders. Facebook has to properly prepare the seeds of price appreciation through clearer and more strategic communications geared toward the investors’ perspective. See my free report on Facebook here.

DISCLOSURE: Kaminis is long FB. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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GoPro (GPRO) – The Good, The Bad & The Ugly

When GoPro (Nasdaq: GPRO) reported its fourth quarter earnings last week, there were three key points; one was really good for the company, one was unfortunately bad for shareholders, and the final point was just ugly and unexpected. After rising sharply in early after-hours trading on the good news first discovered by antsy traders, the stock then collapsed on the bad and the ugly. But one of the three factors will matter a great deal more than the others moving forward, and drive the stock price direction higher long-term. See the free report on GoPro here. This article should also interest Ambarella (Nasdaq: AMBA).

DISCLOSURE: Kaminis is long GPRO. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Thursday, February 12, 2015

Halliburton (HAL) - When the Second Shoe Drops

Halliburton (NYSE: HAL) said Tuesday it would cut its workforce in an unrelated action separate from its acquisition of Baker Hughes (NYSE: BHI). It is the natural result of the sudden sharp drop in oil prices. HAL shares fell 2.1% on the news, and BHI dropped 1.3%. But the iPath S&P GSCI Crude Oil ETN (NYSE: OIL) fell by 5% on the day, so investors in HAL may be missing something. The shares of HAL have bounced off the bottom with oil prices and other oil services firms, but they may be missing the fact that a second shoe will drop, the impact of these events on earnings this year. That’s why I think investors should prepare to hedge back their investments in the leading edge of the energy complex and look to the commodity itself, and take some risk off stocks like Halliburton ahead of potential earnings pre-announcements in Q1. See my report on Halliburton here.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Baidu (BIDU) – Beaten Back by China but Buy it Here

Baidu (Nasdaq: BIDU) has been beaten down over the last few months by bad news about economic activity in China and by some relatively disappointing earnings news from an important stock of the region as well. That situates the stock well heading into its own earnings report, but upside may be limited in this environment. Downside risk should be limited here as well, so I see the stock as okay to buy for the long-term here but I would not stake a short-term trade purely on the EPS report. See my full prescient report on Baidu here.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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PREDICTION: Stocks Will Soar Once Greece is Cured

My observation of stock trading action leads me to believe and determine that there is a rally storing up for a run, and the catalyst for that run is the Greek issue going away. There is too much uncertainty around what could happen in Europe and it is keeping investor capital precisely placed, off the table completely or tempered among hedges and specific ideas. It is my view that the Greek issue will not lead to a Grexit from the euro-zone and will eventually go away. Once that happens or appears sure to happen, I believe stocks are ready to roar higher. See the full report on the pending stock rally here. This report will interest SPDR S&P 500 (NYSE: SPY), SPDR Dow Jones (NYSE: DIA), PowerShares QQQ (NYSE: QQQ), iShares Russell 2000 (NYSE: IWM), Vanguard Total Market (NYSE: VTI), iPath S&P VIX (NYSE: VXX).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Thursday, February 05, 2015

Buffalo Wild Wings (BWLD) Should Benefit from NCAA Football Playoffs

When Buffalo Wild Wings (Nasdaq: BWLD) reports earnings this evening, I expect it will talk about its current quarter benefit from the new NCAA Division 1 Football Playoffs and Championship Game. The event is new, and so what once drew viewers for 1 game, just drew more viewers for 3 games. That means this quarter (Q1) will have an easy comp against the prior year quarter when it’s reported in a few months. I anticipate that the college football championship game drew more viewers this year than in any other year, and that the addition of the extra games and the hype about the finale drove foot traffic into Buffalo Wild Wings and will support its Q1 due for report in 3 months. BWLD was cheap before its last quarterly report, but has risen significantly into this report. I like the stock long-term, but am wary of playing around with it ahead of earnings this quarter due to its position heading into it. That said, I wouldn’t sell it if I owned it, and would buy more if it drifted. I expect it to close toward $190 tomorrow, up $10, taking it back toward its high. The PEG ratio for the stock is 1.5X based on a P/E of 30X this year’s consensus EPS estimate and the 20% long-term growth expected. Growth should exceed 20% this year and estimates should see revision higher. BWLD is a buy in my opinion, but I wouldn’t buy options ahead of the report, only stock, and I would buy this stock on weakness thereafter.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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The Dollar Drive is Done – Buy the UDN

The dollar move of the last forever or so is ending now in my opinion, so I’m suggesting investors move into securities like the PowerShares DB US Dollar Bearish ETN (NYSE: UDN) immediately. You might also buy puts in the PowerShares DB US Dollar Bullish ETN (NYSE: UUP), or look to the commodities that will benefit from a weaker dollar, like energy and other areas, using securities like the United States Oil (NYSE: USO) or the SPDR Gold Trust (NYSE: GLD), which will lag energy due to capital flows from precious metals now flooding into energy. See my full report on the dollar here.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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De Blasio's Blunder & Chris Christie's Crackup Screwed Up the Jobs Report

Regarding the Jobless Claims Report that showed claims lower than expected this week, which some in the media are pointing to as a reason to rally this morning; remember that worst blizzard in history thing? Yeah, well, no matter how weakly it panned out for much of the Northeast, thanks to the perhaps panicked actions of critically important governors and mayors it still paralyzed people across the most congested region of this nation. In Boston and parts of Long Island it actually did snow a lot and kept people indoors too. As a result, the phantom storm likely kept a good number of people from making it to report their loss of employment. And there’s a good reason for the prior week’s weakness as well, so I suggest looking to a different catalyst today if you want a real reason to buy stocks. See our full jobless claims report here. Article matters to SPDR S&P 500 (NYSE: SPY), Vanguard Total Market (NYSE: VTI), Robert Half (NYSE: RHI), Monster Worldwide (NYSE: MWW).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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National Bank of Greece (NBG) – Why I Went Long Recently

When all appeared lost and everyone thought a Greece exit from the euro-zone was imminent, I went long the National Bank of Greece (NYSE: NBG) when the stock was trading at around a dollar; I took my long position via long-term call options. It was a classic buy into fear moment and the blood was in the streets, but I still see opportunity for further upside in NBG and am still long today despite a better than 100% gain in my calls so far. I believe long-term investors are wise to look at NBG shares even now while they trade at approximately $1.50, along with all Greek equities. Investors can also use the Global X FTSE Greece (NYSE: GREK) to spread risk better, as it has a ways plenty of room to grow as well. See the report on NBG here.

DISCLOSURE: Kaminis is long NBG. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Why I’m Selling Market Volatility Here - Short VXX

In a market report published Tuesday morning, I outlined my opinion that the rally in the energy complex was drawing capital from the broader market, especially from the shares of the best performing stocks. That same issue is the reason, in my view, for the recent sharp rise in volatility, along with underlying concerns around Europe which are now easing as well. As a result of my view that this capital flow anomaly will fade along with Greece related fears, I have taken a short position against the iPath S&P 500 VIX ST Futures ETN (NYSE: VXX) using put options and am suggesting investors consider investments against volatility. See the full VXX report here. Other volatility securities include VelocityShares Daily 2X VIX (NYSE: TVIX), ProShares Ultra VIX ST (NYSE: UVXY), VelocityShares Daily Inverse VIX ST (NYSE: XIV), VelocityShares Daily Inverse VIX MT (NYSE: ZIV).

DISCLOSURE: Kaminis is short the VXX. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Wednesday, February 04, 2015

GoPro's Super Bowl is Thursday (GPRO)

The next few days will be big for GoPro. In fact, I think its stock is a good bet to go longer than the passes thrown by Tom Brady and Russell Wilson in the Super Bowl. GoPro (Nasdaq: GPRO) shares have been knocked down significantly since the company let down high-hopes at the Consumer Electronics Show (CES), in my opinion. But GPRO’s latest decline has situated the stock at a sweet spot just ahead of what should be a strong upside catalyst, its earnings report, due Thursday February 5th. Recall that simple speculation about a potential operational announcement at CES sent the stock soaring off similar lows previously. The heavily shorted name remains sensitive to good news, and there is an excellent chance it will have some of that to report this week, so I expect the stock to begin moving ahead of its report and to continue to rally through it. See the GoPro (GPRO) stock report here.

DISCLOSURE: Kaminis is long GPRO. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Bank of America (BAC) - A Must Buy Here

Bank of America (NYSE: BAC) shares dropped significantly after its EPS report a couple weeks ago. Bank of America and its peers were harmed by an unexpected drop in interest rates that has squeezed their net interest margins. Central bank easing outside the United States has weakened foreign currencies against the dollar. Turmoil overseas has also driven capital to the safe haven store in U.S. treasuries. So interest rates have come down, and the margins of the banks have been squeezed as a result. Click to see the Bank of America (BAC) Report.

DISCLOSURE: Kaminis is long BAC. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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The 1 Factor Driving Markets Right Now

This rally is clearly being driven by the apparently now lower likelihood that Greece will leave the euro-zone, and the dollar is depreciating, which is the catalyst for heavily beaten energy stocks. Capital flows to and fro are importantly driving sector flows as smart money seeks to advantage from the opportunity. See my important stock market report here.

DISCLOSURES: Kaminis is long AAPL and FB. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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