Hsbc Share Discussion Threads

[jonshevlin] 02/6/2020 14:00

Trouble is, with inflation, you're losing more than what Richard is giving you.

[milliethedog] 02/6/2020 12:19

Richard Branson is generous enough to be giving me 1.36% in my Virgin Cash ISA.
My wife & I have over 140k there....so short of £2k a year in interest.
Am 'playing' here with 18k & so far have netted £3,692 (since 12 March)
Capital Gain. Plus LGEN divi tomorrow.

Not exactly Buffett(esk) performance but better than Richard.....

M

[imastu pidgitaswell] 02/6/2020 12:06

Yes, not dissimilar to mine; seems silly to let all these 15,30,25% swings disappear, even though you think the price is too low - they can still fall with the market. Sell and buy back lower, but keep some in case they carry on up (see BARC as to why keep some...)

Been doing it for a long time though, well before the financial crash of 2007/08 and was a little fortunate that when the plunge came this time that I was largely in one sector only, gold and silver mining - they fell, but more than bounced back as gold and silver commodity prices have soared (and have a lot further to go imho), so quite early on I was actually up, and able to sell some for profits, and the liquidity allowed me to wade into the other sectors - banks, builders, life insurance, but not oil (my decision - thinking about it now...). Plus a couple of (researched...) moonshots which came off - COST and DLAR.

Re HSBC, I will sell some and keep some when they rise, but add back when they fall. As with the other sectors - each day, every day. It just works.

[milliethedog] 02/6/2020 11:51

Well done imastu
My strategy when i started investing on March 12th was to pick up some seriously cheap blue chip stocks that divi well for the future. But soon kept seeing paper profits of from 10 to 40% evaporate away to nothing (or worse). So altered strategy to trading between low's and high's. With the safety net of, if the share price moved against me, i could average down or keep.
So far have had reasonable success with RDSB, IMB, LGEN, Glen, BT & AV.
SP here was £6 on 17th Feb; so my view is there is a lot of bad news already in the price @ sub £4
Intend to sell at around £4; which will give me another about £1k capital gain....

Good luck to those with differant strategies...

M

[action] 02/6/2020 11:32

What a Dog of FTSE. Even Stan is above 400p.

[azalea] 02/6/2020 10:53

26/5/2020
CEO Quinn and CFO Stevenson buy 79,243 and 44,283 respectively @ 379p, so clearly they too think the shares are worth a lot more.

[imastu pidgitaswell] 02/6/2020 09:48

Just me it seems. Part trading, part long term hold - same approach with a number of other large liquid stocks in several sectors. BARC is another in this sector, but last sold for less than current price, so awaiting a fall.

[milliethedog] 02/6/2020 09:22

Up off 10 year low of 374
As a trader i'm looking for the current trading range, so was that the bottom?
Range 374 to 400?
Need 393 for a reasonavly quick £600

Such a hard one to call HSBC; AV & LGEN easier....

Anyone else trading this long? (or short?)

[tjbird] 02/6/2020 08:49

bad debts only going to get worse as months go on

[imastu pidgitaswell] 02/6/2020 08:37

Well, yes, that's what they do, banks. Question is, how to price it.

[tjbird] 02/6/2020 08:36

bad debts mounting up here - ft

[imastu pidgitaswell] 02/6/2020 08:35

Indeed. Just added another lot. Anything sub-400 seems reasonable, to put it mildly. But, best to follow the crowd rather than lead it on this one.

[atlantic57] 02/6/2020 08:11

Those predicting a 10% fall on Monday were wrong i suspect £3.10 by the end of the week is likely to be wrong.( i uspect we are likley to be in a narrow range until there is substantial news.)

I suspect we will need to see the 2nd quarter results to form a view as to where we are with HSBC.

i personally find all technical analysis only commenting after the event ie it broke support or resistance.

As to the articles on the next leg down. These are also worthless as anyone can write that stuff without any timelines.

So it is best to back your judgement.

[deduce101] 02/6/2020 07:59

Thanks, good to see other t perspectives.

[milliethedog] 02/6/2020 07:45

www.proactiveinvestors.co.uk/companies/news/920844/hsbc-exposed-as-hong-kong-becomes-proxy-battleground-for-us-china-trade-war-920844.html

[milliethedog] 02/6/2020 07:45

And here's an article giving a differant perspective....

[...]

[deduce101] 02/6/2020 06:02

Reports Of Hong Kong's Death Seem Greatly Exaggerated



Summary
Latest big news in Hong Kong is the new national security law being drafted in Beijing, which would outlaw acts considered "treason, secession, sedition, or subversion" in Hong Kong.

Critics of this measure have called this the end of the "one country, two systems" model that has made Hong Kong Asia's leading financial hub.

Although the US has already started responding, and increased the level of uncertainty, Hong Kong's status as a financial center is far from binary.

Hong Kong handled the COVID-19 pandemic better than most other cities of its size, with only 4 deaths so far, and retains many other difficult-to-replace features.

Chinese investors seem to be viewing this as a buying opportunity. This article provides a list of specific events and risks to watch out for.

[chessman2] 01/6/2020 19:09

Lets hope your good fortune rubs off on HSBA

[imastu pidgitaswell] 01/6/2020 16:01

378-ish.

Only a first tranche - I tend to 'carpet-bomb' on big liquid stocks like this, i.e. buy at various prices and sell them at (higher) various prices, keeping a core holding. If it just goes straight up, it's actually not much use to me...

(to be honest, I'm not really concerned about HSBA today - been in DLAR for a week or so, and it is up 250%+ today).

[milliethedog] 01/6/2020 15:43

Good luck imastu.
What price did you achieve?

[imastu pidgitaswell] 01/6/2020 15:16

Right, enough coat holding, just bought first tranche. Could be a long and happy relationship, or a one night stand. Time will tell.

[coxsmn] 01/6/2020 13:44

Very interesting article.Thank you.

[kaffee] 01/6/2020 10:59

Buywell... what that chart tells me is that in the last 3 'crashes' it has come back like Carl Lewis when he got into his stride.

[milliethedog] 01/6/2020 10:22

But does seem to want to bounce off 10 year low of roughly 374p.....

[imastu pidgitaswell] 01/6/2020 09:47

I agree - but timing is everything. Still not showing much sign of strength, so no apparent rush yet.