With the uncertainty in stock markets I bought nothing for quite a long time but this morning, after seeing that ABB (SWX: ABBN) closed above the trendline yesterday, I placed an order to buy it at market at the open. The order got executed at CHF 29.52Yesterday's news about the temporary closure of the ABB office in Libya and the arrest of a Swiss employee – in retaliation for the arrest in Switzerland of Hannibal Kadhafi – seems to depress the price at the moment but I expect it to recover within a few days. Just the same, I enter a stop-loss order at CHF 26.58, 10% below my pruchase price.
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