Years ago I bought into Starhub and Singpost with a buy to hold strategy believing they would be good counters to rely on come rain or shine.
Now I know I was wrong.
Presently, Star hub is down almost 58% and Singpost 35%. Luckily, I took relatively small positions in these companies at the time, so the damage isn’t too bad, but still their presence in my portfolio does give me cause for concern.
Sure, I should have had a stop loss on the counters, but this is easy to say in hindsight. There are massive black clouds hanging over both companies and more unease brooding on the horizon, so what’s a man to do? Sell and take the hit or hang on with crossed fingers and see if they can turn things around?
I’ve been deliberating this for months now and still I’m undecided. One moment, I’m ready to hit the sell