Hsbc Share Discussion Threads

[jezboy1] 08/12/2006 17:06

well we have a bit of a crowd forming :-)

I am assuming the egypt statement is the reason for the further fall?

[thaiboy] 08/12/2006 17:02

Also joined today same reason as madam a

[madam a] 08/12/2006 16:23

Miata,
I know, I did the opposite way, my money was moved from the sale of Barc (with a profit) to HSBA yesterday, though so far the result is not good, I hope the final sale of HSBA in the future is worthwhile the switch.
Smart money may come back. My opinion is probably biased, because I am holding this share.

[miata] 08/12/2006 16:16

I think you also have to see it in the context of money moving to other banks (Barclays, Lloyds) on M&A speculation.

[madam a] 08/12/2006 16:01

From the recent height of 1028 (approx) till at present, the fall is 11.47% after dividend, less if ex-dividend is counted. If I hold on, collecting dividends on the way and ignore the constant price watching, then I am sure patience will be paid back. I will not add to it unless the price falls significately. At present the stochastics, RSA and MACD all show oversold.

[chrissingh] 08/12/2006 15:52

Definitely over-reaction. I have just come back form Egypt and HSBC is one of the most sought after banks and the results prove it. So definitely it has seen the bottom now and from next week it will be travelling north. Just my gut feeling ;)

[grbaker] 08/12/2006 15:32

Investors Chronicle had a go at HSBC today, re-stating their last sell price of 890 approx. (if memory serves me right)... don't know if anybody takes IC seriously though!

Usual overreaction to bad news (increase in bad debts in UK/US) I suppose. (Don't hold any HSBA shares or positions, by the way)

[jezboy1] 08/12/2006 15:13

but it doesn't make much sense, the rest of the sector isn't really
being hit hard - but HSBA is getting absolutely caned....

[jezboy1] 08/12/2006 15:02

Well I thought the figures were benign, but market seems to have
disagreed (unless this is a final shake-down) - we have now tested a new
recent low, if it breaks through 910 well we are probably in trouble.

I would agree with your target madam a.

[nil pd] 08/12/2006 13:55

And I joined in today, on the same basis as madam a.

Edit: and bad timing too, by the looks of it. But over the next few days and weeks I see significant recovery.

[madam a] 08/12/2006 13:34

Jezboy1,
I see a potential for it to go to 970, but will be contented to leave at above 950. Do you have a target or a long term hold?

[jezboy1] 08/12/2006 13:14

Welcome aboard madam a - just one last cloud on the horizon, US figures
this afternoon. If they are reasonably benign then we should be ok.

I doubt the FED will do much next week, just like the BoE this week.

[madam a] 08/12/2006 12:29

Having falling so long and was stable for the last few days, it is time to recover. I bought yesterday.

[diku] 07/12/2006 14:42

Possible short covering towards the end of day...

[dondee] 07/12/2006 14:41

These forecasts are usually not worth very much from the so called experts.

[diku] 07/12/2006 13:37

Surely the downgrade is already in the price...is it base building going on around the 920p area...

[jezboy1] 07/12/2006 13:21

Talk about being unloved... rest of the sector is doing
great and we aren't moving.

Even though the 'downgraded' target is 8% higher than our present level.

ah well, as usual my share picking is excellent.

[miata] 07/12/2006 09:14

Citigroup downgraded HSBC to "hold" from "buy" arguing that while the shares remain relatively cheap yesterday's update has led it to lower earnings guidance. Its price target has been cut to 1,000p from 1,200p.

Credit Suisse cut HSBC to "neutral" from "outperform" arguing that while a decline in the US mortgage business had already been expected other areas of the company were supposed to offset the shortfall.

[spacemoggy] 06/12/2006 18:38

I'll keep watching..it was the same with GSK...chart supports taken out, i think it's better to wait for a proper upturn, ok you lose a few points as the trend makes its way northwards, but it's better that way than fishing around for the bottom, when the bottom could be a lot further down...who knows...all imho...Rick

[jezboy1] 06/12/2006 17:34

you and me both rick. :-(

915/916 - hold.... please!

[kenbachelor] 06/12/2006 17:22

I left this stock last July because I didn't fancy the chart, but I'm beginning to wonder whether it is worth doing a little bottom fishing anytime now. The trouble is that my bottom fishing, usually finds a minor correction in a extended down trend.

[madam a] 06/12/2006 13:39

Spacemoggy,
I think if the red line of the MACD shows a reverse, the sign is positive. It is going to happen soon.

[spacemoggy] 06/12/2006 12:28

I made the mistake of bottom fishing...will i never learn lol, i should know better after 8 years of trading...Rick

[madam a] 06/12/2006 12:10

Why are the banks faliing, sepecially HSBA? Is there anything to do with rise of interest rates?
I think the next support level chart-wise is around 905 and if it breaks, it will drop to 865. Very tempted to buy at this moment.

[spacemoggy] 06/12/2006 11:18

I was trying to call the bottom ish, and was only going to risk so many points, so i bailed out...Rick