This is an email exchange with a reader on Marco Polo Marine: From Y: AK,   My reply: Hi Y, I first got into Marco Polo Marine at 31.5c and 32c. I kept buying even at 42c as I believed that the stock was undervalued even at that price. Later on, I blogged about how I reduced my long position given the developments in the company. I lost some money in the process. However, it was the right thing to do. At 33c a share now, it is not a price that I would sell at. It is a price I would think of getting some at. This is simply because it is at such a huge discount to NAV. However, given the weakness ......