[7/13] Indian ADR's got the hammering of their life at the Nasdaq/NYSE Friday last, slicing 13 per cent off the market cap of Infosys, 7 per cent for ICICI Bank and 4 per cent for HDFC Bank. Banks, Real Estate and Technology stocks should be the key contributors to a possible enmasse selling this Monday, as investors move out in droves towards the EXIT gates.
-Conditions are now set for a mass capitulation beginning July 14, 2008 and getting close to a situation where the Buyer's side will become non-existent.
[via Maverick@investwise]
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