Markets are back into the bearish mood! Is it just a correction or a fresh bout of selling? The rally in the previous week saw a lot of activity in the mid and small cap space. Looks like some operators are in for some fun again before taking off for their holiday! I am looking at Subex closely (as I have already "sinned" by buying into it at higher levels). I really do believe it is a case of a well managed company undergoing a difficult phase after their take-overs and acquisitions. At the face of it, looks like the management has erred by having taken such a decision. But this company does actually have a good track record to boast of, especially in terms of shareholder's wealth- creation. I think I will stand by this management during these tough times. Only let us hope, it has learnt its lesson well so as not to repeat such mistakes (not that the management believes so!) again.