Trade with Greece
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The few winners were short-term players — bold
and flexible traders that took the right positions in
the right moment and, above all, managed to
realise their gains before the market plummeted
again.
How much are shares worth
today?
Today, share valuations seem to mock all private
and professional investors that occasionally
believed that “now is the time”, “we have hit bot-
tom”, or “now the market is regaining its balance.”
Even today, there are many who believe that
Greece’s 203 largest ATHEX-listed companies
cannot possibly be worth less than 50 billion
euros —the current market valuation.
There is no doubt that the fixed assets, proper-
ties, investments, cash and cash equivalents,
clientele, and overall prospects of the Greek
economy are worth much more than the total
market capitalisation of the stock exchange.
Simply speaking, a large number of stock market
analysts believe that the Athens Exchange is a
wound-up spring ready to soar to unprecedented
heights as soon as Greece demonstrates that it
has learned from its mistakes and that it is a euro
zone member-state that implements growth-ori-
ented reforms, which add new dynamism to the
economy.
The examples, as well as the arguments present-
ed by optimists are indeed many and sufficiently
realistic.
• For example, a simple announcement by the
European Central Bank in mid-April 2016,
