Hsbc Share Discussion Threads

[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??

[milliethedog] 07/7/2020 17:28

Brave man!......GL with that imas

[imastu pidgitaswell] 07/7/2020 16:52

Added another tranche back (of yesterday's sales) at the close. As I say, I'm nothing is not inconsistent...

:-)

[milliethedog] 07/7/2020 13:40

Can't see this ending up today.
Started Monday at 383 & went up to 408 at one point. 25p rise.
Is now at 396, so has already given back half of that
Dow futures showing 250 point drop, so more pressure after 2:20pm

Sticking with my short term 370/380 target to buy back....

Good luck all.....M

[milliethedog] 07/7/2020 10:04

Agreed top....med/long am sure it will be a good investment. Plus if they reinstate the divi also....
But from a trading standpoint it has been dropping to the 370/373 area then rising to +£4....ie; topped out @ 428 in early June only to fall to that lower range later

You 'in' anything else?

M

[topazfrenzy] 07/7/2020 09:51

I'm in medium term with this one, or at least to 500p

Once it is understood that banks can give divis out again it will soar imo

[milliethedog] 07/7/2020 09:34

Perhaps top.....but if you are long you carry a lot of that risk imo

Plus to end up 'blue' today it will have to rise 10p from the 398 as i type. Don't see that, especially after the 22p gain from yesterday.......profit taking day today with the usual retrace

[topazfrenzy] 07/7/2020 09:04

You will be left behind, this will finish blue today

[milliethedog] 07/7/2020 08:45

Not getting back in until at least sub 380 myself
90% cash now; just long position on BT....

Number of countries back into lockdown after opening up. Usual delay has been 4 weeks.
If that happens then i see downward pressure due to the uncertainty...+ there's HK & China issues

Watch n wait for me....good luck to others

M

[imastu pidgitaswell] 07/7/2020 08:24

Yes, I wouldn't disagree, which I was here; it is just that it takes up funds while waiting for an oil tanker to move. Quite a few things passed me by on account of not having spare funds.

Anyway, having taken the small money and run yesterday, am now back in lightly, somewhat against my better judgement. Smaller stakes though and will stay that way.

(If you want consistency and logic, don't look at me...)

[skinny] 07/7/2020 08:16

One perspective :- .

[milliethedog] 07/7/2020 08:03

Sold yesterday @ 405.....went to 408, but as long as it doesn't go higher i'm happy.
Now i want 370 again....please

[action] 06/7/2020 17:35

Some did say here last week or so that it will be go to 400p +

[milliethedog] 06/7/2020 08:58

Agree with that .
Am up about £400 @ 405
Will get out if over 410 ......
But then it'll get to 410 & i'll want 415.......lol

[imastu pidgitaswell] 06/7/2020 08:54

Well, fwiw, I have just taken most of mine off. It's not a good share in the current climate, and remains unloved. As a bank, it is risky anyway, never mind China issues.

To be honest, I misjudged it, and am happy to look elsewhere - there are plenty of options.

Now watch it go to 600...

[milliethedog] 06/7/2020 08:38

imastu.....last time i sold way too early @ 393 (went to 428)
This time, hopefully, i'll judge it better.....

[imastu pidgitaswell] 06/7/2020 08:23

FTSE up well, I guess. Nothing HSBC or China / Hong Kong wise.

Maybe it's just cheap...

[milliethedog] 06/7/2020 08:03

Early i know, but up 5% .... good news over the weekend??

[action] 03/7/2020 11:05

Bnc ie Santander to add the list of no stamp duty.

[imastu pidgitaswell] 02/7/2020 15:28

Thanks re the non stamp duty shares - I know (and don't want to be in) WPP and IAG. Not keen on GVC, but interested in FERG. Will look more closely.