by Znethru
@ 2008-07-01 - 23:43:30
I bought HSBC in February for £8.08 and sold them in May at £8.92
In the last few weeks they have fallen all the way back to £7.54 (so lucky I sold).
I have not 'come back in' yet as the market seems wickedly turbulent at the moment.
I would start getting very tempted at around £7.30 as this would mean they'd 'only' need to go back up to about £8 for me to take profits.
There are other attractive 'offers' around, but really it's anyone's guess to where the market will 'settle' and what the real value of these shares is in today's climate.
I am still tipping Marks & Spencer, and British Land as good to 'buy and hold' at today's prices.
All depends on whether one can afford to hold on until prices recover again!
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