Commercial Bank - Below 1000 sma, and down 35.6% from the high of Rs.194.00

Based on the adjusted price history of the Commercial Bank Plc from 2003 todate, the highest % drop had occurred during 2007 and 2008 period. The stock had taken a plunge of 61.6% during a painful period of more than 23 months. That was during the dismal period of LTTE activities and the World Financial Crisis.
There after during 2010 and 2011, it had dropped by 34.37% from 27.10.2010 to 25.11.2011. But the present % drop is 35.6%, making it the 2nd biggest. The interesting point is that the present fall had taken only 12 months, whilst the aforesaid 34.37% drop took 22 months. The largest fall of 61.6% had taken 1 months more of 23 months. The next important point is that the stock had plunged below 1000sma and have not closed above at the present time. It had come down the 1000 sma last was in 2008. As such Com bank will be in my watch list.