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Forum - HSBC Holdings plc - HBC   

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From: gupnamon (Rep: 0)Date: 03/30/2009 13:01
Forum: HSBC Holdings plc - Msg #93Thread #672555744 (Rec: 0)
Down cycle by looking at HSBC holdings. HBC is trading at HK, UK and US market. It was closed -2.5% in the Hong Kong (HK) market yesterday, and in the US it is now down -6.2%. If it is closed in the US as is now, HK index would drop more than -300pt tomorrow (HBC -1% is equvalent of -50pt HSI, based on market cap). That is why I am confident by adding more FAZ .

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