![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHUhNnVgLQWlDlcWpIX0GCDHn82viVNpG4qnb_py5yTyS8zHyHqm0Q9LQSTisLNLo271r_-ENFcL1PJzbsjzH75lfDumCjsectwcIEKeS5EPf86cjyyWZ1MtP9QEcqlMlZRRucJg/s400/hsbc_oregon.jpg)
Right now, Euro-Asian banking giant HSBC is trading at 27.85 after announcing a massive dilution and assorted other crap.
Even though, as I wrote last May, that I knew it was going to start the long, slow spiral down the toilet....I covered my short prematurely.
I bought it back at 53.74 in October. See - Stock Markets Crashing.
And I also did quite well on some puts last year.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQ0ij7kVFffiuMqt2Qc5IT-NrmYzOhOTLMAIXlEtRVFmkKGHAGk8A0Cx0DBZoqgWOm4VTeCO8ajYv3EwtyGGuTXwCLnG6dMpsRW6lkhsW4srxEYiWcCS5muIZCV5vcnCVXmo0pkg/s400/hbc_weekly_mar_2009.gif)
Note - the graph will look even worse after today's plunge.
Remember, I don't read balance sheets; I don't spend millions on research like Fidelity and Ken Fisher; I don't draw lines on charts; I don't do any of that crap.
I inhale the collective wisdom of the masses. I read blogs!
Here's my prescient prediction from last year - HSBC - A Long Term Disinvestment.
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