Hsbc Share Discussion Threads

[spud] 11/7/2020 10:35

My next tranche is looking to be bought at 350p. If it gets there, great, if not, great. This is a long term investment for me and thus far, I've only accumulated about 16% of my intended holding since March.spud

[milliethedog] 10/7/2020 10:06

China bank lending hits record $1.73 trillion in first half after solid June Will this be a guide to HSBC H1 Interim results due 3 August? A lot of lending in mainland China during same peiod..... hxxps://uk.investing.com/news/economy/china-bank-lending-hits-record-173-trillion-in-first-half-after-solid-june-2159298

[milliethedog] 10/7/2020 07:42

super (& others) Could be another 'wait n see' day today as i notice the Dow closed another 361 points down. FTSE futures have also fallen from about 5:45am, so FTSE due to open lower. All puts pressure on HSBC & RDSB.....imo M

[supermarky] 09/7/2020 18:03

yep no hurry to buy here.certainly no need to be rash imo.

[milliethedog] 09/7/2020 17:21

super....yes, RDSB off 3.6% today; below £12 now. Might nibble tomorrow. But see Dow still off so may drop further AM. Traded them in March/April buying between 9.20 & 10.28. Sold making a good profit. Still holding off with these HSBC at moment..... M

[imastu pidgitaswell] 09/7/2020 17:20

Yes, but fewer tranches (so far) than before. As the previous post says - not too many, much more chillaxed. When next out, remind me not to do this, on this share, again...

[supermarky] 09/7/2020 16:56

I have taken a nibble.Trick is not to be too much into this so one gets stressed.Will top up on further weakness.Do not put all of ones eggs in one basket!rdsb the same!

[milliethedog] 09/7/2020 16:53

imastu.....you still buying? Back to 373 again....am holding off till i see it stabalise for a good few days Dow is down 450+ as i type; if that stays then FTSE will drop in morning maybe & put further downward pressure on HSBC M

[scobak] 09/7/2020 12:25

At present the dollar is the main trading currency of the world. The antics of the current administration and the constant rise of China together with Chinese machinations around the world (HK and trading influence in third world countries) may well result in the renminbi becoming the word currency of choice in the next few years.

[imastu pidgitaswell] 09/7/2020 07:31

Thanks buywell - you're da man...

[buywell3] 08/7/2020 23:03

Both countries are pumping cash into markets to hold them up It is an economic currency war at the moment Who will blink first loses --- as with the ROW buywells first post here below buywell3 1 Jun '20 - 07:49 - 8694 of 8922 Edit 350p support 340p support But this next down leg could set a new chart low IMO

[mo123] 08/7/2020 11:08

Proposals to Undermine H.K. Dollar Peg Some top advisers to President Donald Trump want the U.S. to undermine the Hong Kong dollar’s peg to the U.S. dollar as the administration considers options to punish China for recent moves to chip away at the former British colony’s political freedoms. May only be a rumour but who knows what DT will do.

[milliethedog] 08/7/2020 09:40

Sure i read last week that HSBC wanted to try & migrate more people online as cost of branches was prohibative.....

[action] 08/7/2020 09:32

Does anyone see breakup of HSBC ie midland bank etc?

[milliethedog] 08/7/2020 09:23

"In corporate news, HSBC (LON:HSBA) stock dropped 3.4%, as the U.S. contemplates measures to sanction banks in Hong Kong after the passing of a new national security law in the city" hxxps://uk.investing.com/news/stock-market-news/stocks--europe-edges-lower-hsbc-down-on-hong-kong-worries-2157386

[imastu pidgitaswell] 08/7/2020 08:55

Or some might say I'm buying a global multi-national at ten year lows, and at a higher low - no better time. We will see.

[milliethedog] 08/7/2020 08:39

imastu....you are catching a falling knife But don't worry, i'm doing the same over at BT ....bought 3 times n it's still dropping lol

[imastu pidgitaswell] 08/7/2020 08:26

Interesting - I see the volatility as a good thing (for me). Added an other tranche this morning, albeit last night's obviously not a good idea. 3 in total now.

[milliethedog] 08/7/2020 08:25

Yes, heard about the 500k rule on SD in news today. Will keep a close eye on Foxtons; never held before.....

[topazfrenzy] 08/7/2020 08:24

I think you are spot on, also the entire thing with the UK China future relations could accelerate funds selling this, we could see £3 so much for my medium term window on holding this one lol

[milliethedog] 08/7/2020 08:22

This is not looking good. Dropping far too quickly from 408 high on Monday. Support has been at 370 for last month or so, but think may go lower this time... Lot of terrible news from HK ......

[topazfrenzy] 08/7/2020 08:20

Millie, since you were asking ... I dumped this one for a small loss to get into Foxtons ... I am waiting for Foxtons to start a big move up with stamp duty axe for the first 500K being announced today ... the share is weird and manipulated but it can suddenly move very very fast ... the company has no debt whatsoever

[thegame86] 08/7/2020 08:09

Hope you all bagged some profit

[topazfrenzy] 08/7/2020 08:07

You were right!

[milliethedog] 08/7/2020 08:00

hxxps://uk.investing.com/news/stock-market-news/hsbc-slumps-as-us-weighs-moves-to-punish-hong-kong-banks-2157316 "HSBC fell as much as 3.1% in Hong Kong, the most in more than three weeks, making it the biggest drag on the benchmark Hang Seng Index. " ....further falls today??