Wednesday, January 21, 2009

STOP

It's time to STOP.

STOP thinking about buying Any Share, from Any Market, at Any Price for at least another 2 months - no matter how Temping the Bargain Price appearing to be.

Just had a look of the Banks Share Prices.

Last Friday, Barclay's dropped by 25% just in the Last Hour of trading, lost 40% in a week and 82% in a year!

Lloyd's Group dropped by 31% yesterday and 88% in a year! The Royal Bank of Scotland lost 11% yesterday and 96% in a year!!

So, the above three 2nd-4th Largest Bank in UK now worths only about 73 Pence, 45 Pence & 10 Pence respectively! Gosh...less than 1 Sterling Pounds!! Less than a pack of "Birds Eye" 10 Value Fish Fingers at 75 Pence!! (www.iceland.co.uk)

And what about the once World's Largest Bank? Citi Group dropped by 20% (to US$2.8)yesterday and lost 90% in a year!!

Bank of America lost 29% (now at US$5.1) yesterday and also 90% in a year!!

So, what about my "One Love" - HSBC?

It's now at about HK$55, Sterling Pounds 4.85, with the 1-Year High Price of about HK$137 and Sterling Pounds 12.45.

If applying ONLY 80% drop (rather than the 82-96% drop as the above other leading banks) from its 1-Year High, HSBC could soon drop to,

About HK$27.4 or Sterling Pounds 2.49!!

And now I've to STOP and think what the Targeted Price for my 1st Phase buying of HSBC - it'll NO LONGER be HK$50. To avoid being Victimised, I've to Think the Unthinkable,

What if ALL the above Banks being Nationalised?

By then the Share Price for HSBC?












0!!

May have to be More Proactive in planning to Buy Gold.

But, for the Time Being, I will be just WAITING as usual.

Fate
Think Things Over to Avoid "Game Over"

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