RE: re clarity19 Feb 2019 09:06
Nocky in some cases I agree, but the house brokers have inside information and news far before anyone else
In this case however it does feel HSBC have downgraded based purely on worse case speculation. They are really saying hold at this value because we dont know whats going to happen. They are not saying sell, which contradicts their ridiculous forecast of $2.5bn which if they felt was accurate would clearly be a sell. Lets not forget HSBC missed there targets yesterday and was bottom of the index, not a happy day to put out ratings