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(HSBA.L) HSBC Holdings PLC Buy/Sell

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Author	Triple Witcher View Profile \| Add to favourites \| Ignore
Date posted	2009-02-25 18:26
Subject	Morgan Stanley analysts backtrack
Votes for this Posting	Voted 2 times. Not voted down.
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Good evening In confirmation of R Lipsey's very detailed post, please see below link. http://www.guardian.co.uk/business/marketforceslive/2009/feb/25/hammerson-britishlandcompany Looks like Morgan Stanley who were the first to start the share price slide in early January re cash raising and dividend cuts got it wrong, oh dear!!, no apologies guys?? Indeed this plus Goldman Sachs and then Panmure Gordons slew of downgrades were the main reasons for the SP falling from £6.41 to £5.50 second week in January, then the rest was really down to that awful write down by RBS sent SP down to circa £4.60 along with all other Banks shares, then of course Lloyds £10bln HBOS write down which pushed it sub £5.00 again. Ie all sentiment. Not forgetting of course all the worries in the US about Citigroup and B of A nationalisations. In summary the SP drop from the mid £6.50's has really had nothing to do with any comments made from HSBC, so lets see what Mike Geoghan and Stephen Green have to say on monday, and then hopefully we will see a true SP reaction. Best Wishes Triple Witcher
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