A Thought About a Stock - OPAP

I would rate OPAP as buy at the moment as I expect that the correction is at its end and an upward trend should begin soon. As you can see from the picture below:

source: http://www.naftemporiki.gr/

The stock has been steadily going up and on a regular basis, it retracts to the levels it had reached in its previous highs. I believe that this has happend in this case with the price around the Euro 26 level and the probablility of the stock going all the way to Euro 34 is very high while downside risk is much smaller.

On the fundamental side, the company is quite solid and with the World Cup taking place this year, all betting companies should do very well! In Greece especially though, where OPAP still retains its monopoly, this should be even more evident.

Naturally when investing in the stock market you have to take into consideration that there are considerable risks of substantial losses possible, especially when investing in a single stock... but in this case the positive (in my opinion) outweigh the negative by far and make this a good opportunity to add a good 20% profit into your portfolio.

You can get more information at the official site of the Athens Stock Exchange at:

http://www.ase.gr/content/en/Companies/ListedCo/Profiles/Profile.asp?CID=354

Good Luck to all and Happy investing!