looking at the 5 year graph, I get the impression that a buying opportunity may have been missed?

http://uk.finance.yahoo.com/q/bc?s=HSBA.L&t=5y

compare that with some other large banks

Also looking at some basics such as their cheeky offer to match any current mort rates http://news.bbc.co.uk/1/hi/business/7337861.stm

and their exposure in the far east, is the worse over for this bank?

anyone with an opinion on this?

if they go sub £8 I will be tempted, anyone else?

This stock is bullish in short-term, and NEUTRAL in mid-long term." today.

Check here:

http://uk.stoxline.com/q_uk.php?s=HSBA.L

http://www.forbes.com/home/business/2008/0...2high_land.html

As stock prices fall its a good time to bottom fish, depending on your time line of course. If you have some time find some nice bargains and buy! buy! buy! Can you catch a falling knife?

Yes this could be a good time to bottom fish. Do not be fooled by the high level of the footsie, it's being kept high by miners, oil, booze and fags.

Banks, airlines, and retailers are all low priced, but they could go lower!!!

Too early still.
I will wait for further banking collapses.

This is not financial advice.

I'm in again for the short term, buying on bad news, selling on good news.

This is of course very true but we will only know the bottom (esp. banks) after it has occurred; looking across the pond, I wonder if Citibanks bottom has occurred?

http://uk.finance.yahoo.com/q/bc?s=C&t=3m

HSBC coming out of the sub-prime mess for sure?

http://news.bbc.co.uk/1/hi/business/7395425.stm


HSBC in new sub-prime write-off

HSBC was upbeat on markets outside of the US

Europe's biggest bank HSBC has written off $3.2bn (£1.6bn) in the first three months of 2008 as a result of its exposure to the US sub-prime market.

The write downs, which are lower than the total written off in the final quarter of 2007, are in line with what the bank had predicted.

HSBC now stands behind Citibank, UBS and Merrill Lynch as the banks with the largest value of writedowns.

It also reported a further $2.6bn of write-downs in its global banking arm.

'Encouraged'

The bank said that profits in the US had fallen but that other markets remained strong.

The latest writedown takes the amount of bad debt incurred by the bank in the US to £9bn over the past year.

But growth in Asia helped counter the big hit taken on US home loans - meaning profits were still bigger than the same period a year earlier.

"I am encouraged by the way we have increased pre-tax profits in every one of the major countries in which we operate in Asia-Pacific, the Middle East and Latin America," said group chief executive, Michael Geoghegan.

Private and commercial banking divisions saw record profits in the quarter, he added.