Why has ABB fallen so bad?
Though it is a strong Co , basicaly Sensex is falling. Also many like Merrill Lynch are trimming their stakes in Emerging Markets /India , adding to the selling pressure .
Long Time supports are @ 315-450.
Hold onto cash till the dust settles.
Happy investing at cheaper levels!...

Hi,
In the anticipation of global slowdown and commodity demand destruction Baltic Index has corrected below 30% of the High.
All the shipping related STKs are tumbling down and hence the weekness in Mercator continues.
Long term support seems to be around 20-26.
Safely invest when Baltic Index turns or USA market stabilizes ,till then hold onto your cash.
Happy investing!...

Domino Effect !
I had posted the message on 5th Aug ( Cairn was @242.75 ) about
'Oil Demand destruction' and cairn(I) correcting drastically when oil falls to USD 100/bbl .
However , some boarders have been very bullish stating that there were 'Solid and Wise Investors ' from Singapore and Hong Kong supporting the script.
Today oil is @ USD 91.3/bbl , Lehman Bros have bankrupted , AIG is in trouble.
Now , consider the fact that South East Asia has a considerable exposure to Lehman etc.
So, in turn , if these Solid Investors have to liquidate their positions or have to go through any distress sale ,think of the Domino effect .
Cash is King till the dust settles down .
Happy investing at cheaper levels....

hi jay..thanks for ur post.. fully agree with you on this one.. also this is a high beta stock and there is further downside of atleast 20-30% left in this stock....baltic index is not going to recover anytime soon....but a good long term bet nonetheless.....