The market is ruled by emotions and sentiments nowadays. Nobody reads and analyse financial reports. Fundamental analysis? Nah! Who has time for that mumbo jumbo! We prefer to let emotions rule our heads instead of basing our investment decisions on actual hard figures. A cursory glance at some local investment forums and you would see hysterical comments like "Oh no! I was vested in M1 at XXX price. Should I cut loss?" >____< I have provided some points on why the fear of the 4th telco is blown out of proportions in one of my previous posts. For those newbie investors who are facing a dilemma in choosing between cutting loss, averaging down or holding, I shall do the 'homework' for u. Present scenario -Annual earnings: 19 cents -Annual dividend: 15.3 cents -Dividend payout ratio: 80% -Yield: 6.4% Expected scenario (10% drop in earnings after the 4th Telco has ......