It was 13 Jul 2015. Oil price tanked from US$115 to US$57 over a year. That’s a good 50% drop! Many investors were spooked and started to sell their shares in oil and gas companies. Blue chip companies were not spared either. In the same period, Keppel fell from $10.69 to $8.11 or a 24% decline. Sembcorp fell from $4.04 to $2.82 or a 30% drop. Large order books didn’t count much to comfort investors. In fact, it was expected that many of these orders would be cancelled. Even receivables were not safe, clients could go bust and not a penny could be recovered. Even the strongest believers in blue chips have their faith wavered.

‘Could this go worse from here?’ ‘What if the price goes down further if I do not sell the shares now?’

Such doubtful self-questioning are bound to happen from time to time. It is only human ......