Hsbc Share Discussion Threads

[spud] 04/8/2020 10:23

Building a significant position here and have been lucky enough to to accumulate most at this depressed level. Still have another 80% to buy. spud

[dwinn78] 04/8/2020 09:58

Forget the virus, history shows these things come and go. HSBC will get a massive boost if trump loses the upcoming election.

[imastu pidgitaswell] 04/8/2020 09:55

Anyway, here's a (genuine) question:

You held a short from 545, down to 434 or so. Then it rose to 520. You held all the way on that rise?

[imastu pidgitaswell] 04/8/2020 09:53

Odd that you didn't post it, given your natural brilliance, but these things happen, eh?

Shorted a bank at the start of a pandemic. Looks like a good idea. In hindsight.

Be sure to let us know when you close now, won't you?



Re adding to losses - not on this one, not yet anyway. People should always be flexible and think about what they're doing, eh?

[trader536] 04/8/2020 09:47

Keep adding to your losses stupid git, the handle fits the strategy.

One doesn't need to post all one's positions or advertise them. But here's my short running since 18th Feb....

[imastu pidgitaswell] 04/8/2020 09:39

Brilliant, I thought he'd given up, on account of being wrong, every time. Bored are we, with FRES going nowhere in this gold environment? Enjoy being conjoined with buywell - you deserve each other (he also doesn't respond when people point out, with specifics, that he was wrong - he just ploughs on. Must be a certain style that goes with the 'skill' set.)

Re HSBC, it's a smallish punt with a small fraction of the FRES gains, and I honestly can't defend it, other than on grounds of exceptional pricing and speculative greed, so won't try...

Come back in a year and see what the score is - either 500+ or 300.

[trader536] 04/8/2020 09:27

Agreed Buywell, only a stupid git would be long banks in this environment

[geckotheglorious] 04/8/2020 09:01

China lied, people died.
The WHO lied, China shills that they are.
Tedros is a Communist.
Over promoted due to China ties.

[buywell3] 04/8/2020 08:26

buywell does try to help advfn posters when possible


buywell3

12 Jun '20 - 08:46 - 8785 of 9055 Edit

Nobody knows just how long or how bad the Covid-19 damage will ultimately be

Nor the level of bad debts that will result as businesses go bust

Plus House prices look set to drop and many people lose their jobs becoming unable to pay their mortgage.

Anyone recomending buying banks as the USA looks set to tank another leg downwards as Covid cases rise alarmingly after early lockdown releases and now social unrest

It's happening the stats are there to prove it over the last couple of weeks in particular.

The DOW could fall to 15000 from here and take the FTSE below 5000

If you look at the momentum TA chart in this header you see the levels that were hit in the last 2 drops that another poster has referred to

Both times below -100 with RSI at 20

buywell believes this level of momentum can be hit again with same RSI of 20

Circa 340p at number one with a pullback

Then circa 310p at number two

That is buywells view IMO , what do you think



dyor

[imastu pidgitaswell] 04/8/2020 08:25

Thanks buywell - how is that VLX short going?



buywell226 Jul '19 - 15:17 - 2996 of 3466
This has been IMO pushed to where it is now
Market weakness and no push
IMO 65p is coming by this xmas
dyor


buywell329 Jul '19 - 12:35 - 3001 of 3466
65p because the chart has it as a support is why
Markt well up today and this lags or drops
All is not IMO well here


buywell330 Jul '19 - 14:46 - 3018 of 3466
UK company acquiring US company with GBP near to 10 year lows or worse
Great timing



And you say we're clueless?

[action] 03/8/2020 20:22

Heavy selling today at 332p.

[action] 03/8/2020 19:55

From 319 low of the day recoverd to close 332p

[tahmina1] 03/8/2020 16:10

Barely picking up despite FTSE up 2.3%. Where is the bottom ?

[action] 03/8/2020 15:37

R we turning there corner in banking sector as lloyds also recovered??

[supermarky] 03/8/2020 14:50

Hsba is enduring the super squeeze at the moment!

[geckotheglorious] 03/8/2020 13:50

If HSBC is in real trouble, as it seems, then the rest of the banking system is in an even worse state...

We are in trouble, globally.

[supermarky] 03/8/2020 12:33

looking at the veey long term chart on ig and 260 area could come. who knows?

[supermarky] 03/8/2020 12:32

end of day hsba is more likely to continue downwards in the short term at least. Unless something kicks off a new positive view and a base is set in and bought into then it is just a question of sitting on the sidelines and waiting or buying a few in tranches on the way down imo

[imastu pidgitaswell] 03/8/2020 10:34

I wouldn't worry to much about what the 'head of markets at interactive investor' says.

If he knew anything more than what is printed in the weekend newspapers or the HSBC statement - and it seems that he doesn't because there is nothing he has said that wasn't in either of those - then he would be head of markets at somewhere somewhat better...

Which is not to say that he is wrong - but there is no insight there.

[tomboyb] 03/8/2020 10:00

Below £3 then -