fuck 0005 @78.8

so attractive right now

Wouwou.

HSI is down 16% right now.


becareful, it will rebound, but is it a bear rally...which i believe it will be still wow.

If I can manage to get into it, it will be a at the very least 3-5 year long hold

HSBC holding should not have such a low P/E of 5, even in HSI where average is below 10

if your thinking long term, not a bad choose. but any margin traders should be jumping off buildings right now in Hong Kong.

Ouch.

^some HK traders are way too greedy

You see housewives doing margin,

BAD THINGS HAPPEN WHAT THEY ARE DOING THAT

from 30,000 to 10,000 in less than a year.. :eek:

Im going to buy a video camera and go sit outside the IFC building and watch all the people jump off. Haha. FUCK

Would have been a 9% gain on 0005

oh well, I am only able to get in after 30th

17% for 0005

oh well

^^^

that was from a 20% drop the day before.

when are you buying? $70?
probably by that time, HSI is going to break 10,000

I was aiming for 75.

It is unrealistic to expect 0005 to break 70 after the rate cuts "expected" today

Not cutting rates in HK.

time for another roller coaster ride next week!

It's always funny reading some of the earlier posts with the facts today. 0005 at 105 looked like a good buy, now its at 81.95 LOL

^0005 was @78 - 82 3 weeks ago

considering the range, still a pretty good buy, EXCEPT people told me it has been laying as many as 9,000 people off without announcing it to the public.

On the other hand, for some strange reason the Chinese SH stock exchange is having good days

They did do a lot of lay offs recently without letting the public know. Also, they have been tightening their budget a lot lately. They are losing many customers due to the fact they can't give out good interest rate loans.

Well HK H shares are more reflective to the US markets and the China SH A shares do their own thing.

HK SE is more like an amplified version of DOW, with hyper swings on a daily basis.

as for 0005, I might get in if it hits $75 after the past 2 weeks of bad news globally

I bought when it hit $76 and sold at $95. I will re buy at $75 as well. 0005.hk is all hype anyways, the mass will buy when its low even if the reports don't show how well HSBC is doing. Everyone believes in HSBC lol

HSBC is like the only bank that didn't lose more than 50% of its 52wk range.

although it's getting there!

i work at HSBC, and they always emphasize the fact that "HSBC DOES NOT NEED GOV'T BAILOUT MONEY!!!" in the meetings. I guess it's pretty good =S

That's because you guys charge arms and legs for monthly fee

:haha:

Seriously though, my mom has been getting phone calls from you guys saying, if there is no activities within 10 days, they will charge something for monthly fee, even if there are more than 6 digits in there

They use to charge an arm and leg. now they take both legs your left arm and your right eye if they can help it.

HSBC has expensive fees!!!

10 days? there is nothing like that. your account becomes inactive when you don't use it for more than half a year.

unless it's some other investment accounts, that i don't know. lol

i wouldn't really know what fees considered high or low, since i have free banking all my life :D
monthly fee for chqing acocunts = $4/$7.95/$11.95

if i have to pay that, i would be going insane too! :mad:
but they do have other advantages over other banks you have to admit.

anyways, let's stay on topic. 600+ in the red!!!

Now I am really pissed

:D

I just put $95,000 HKD into the markets yesterday. The usual suspects of Gome, Tencent, China Mobile, and Belle.

^^^ good luck today.

hopefully i can pick something up with my mega-lowball buy price.