SANTANDER WILL BENEFIT IF GREEK SITUATION IS RESOLVED, CURRENTLY IN THE BUY ZONE $SAN
This post was just published on ZYX Buy Change Alert. This is the largest bank in Spain. The bank is experiencing rapid growth outside Spain, especially in Latin America. It is one of the cheapest banks in the world due to its holdings of Spanish sovereign debt. The position is long with an average price of $6.90. Currently, 40% of the full core position size is being held. Profits have been taken as high as $9.74. The new buy one is $6.11 to $7.21. Target zone remains $16 to $18. This is a very long-term position. European banks are inexpensive. If Greek