Flash Alert: Short HSBC Holdings

By • March 7, 2008

One of the banks that hasn’t been hit as hard during the current market turmoil, HSBC Holdings (Hong Kong: 5, NYSE: HBC), has 63 percent of its loans in the US and UK. This isn’t the exposure you want to see in these dire times.

This is another hedging short such as the one we have on China Life Insurance (NYSE: LFC) and, therefore, we won’t trade it aggressively.

Short HSBC Holdings at current prices, and put your stop loosely at USD85.


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