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HSBC Top bosses sold HKD$ 46 M share on date of Result

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  1. #1

    Join Date
    Feb 2012
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    238

    HSBC Top bosses sold HKD$ 46 M share on date of Result

    HSBC's 3 top management guys sold their HKD$ 46 M shares in market on the day when they annouced their results.

    Read on SCMP


  2. #2

    Join Date
    Aug 2007
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    1,192

    HSBC have had a very good rise after last year's scandal. Should one interpret the senior management sales as a signal to run for the hills? All three together? Many people hold HSBC as a long term investment and might not care as it is blue-chip. In a smaller company eyebrows might be raised higher though.


  3. #3

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    Feb 2012
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    Yes, obviously they know what's going to happen next year, so their sales of shares is the first sign of the rats deserting the sinking ship! Sell! SELL!!! NOW, BEFORE IT'S TOO LATE!!!

    (Or, these sales simply represent these insiders' periodic sell-downs of compensation previously received in the form of shares, and are timed to coincide with the end of the sale prohibition period which had been in place prior to the release of the bank's results... )

    Last edited by Lootoo; 11-03-2013 at 10:07 AM.
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