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03-07-2008, 07:21 PM

abhinav2492 abhinav2492 is offline

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Noble, Straits Asia fall on coal plunge

Commodities firm Noble Group plunged as much as 9.6 percent to an eight-week low along with Coal miner Straits Asia Resources after European coal prices declined the most in three years. With the continuous trend of declining coal prices, these firms should be avoided for the time being. If the coal prices continue to rally downwards, then these stocks may also see a sharp decline.

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