The closing price on 20th Nov 2020 read the following :- SATS -- $4.17 SIA -- $4.09 Looking at these closing prices, not sure whether to feel joy, please or puzzle.  Have been holding SIA stocks since 2009 and in Sep 2020 decided to make a strategic diversification as accord to what have been learnt from 孙子兵法第八篇 -- 九变篇.   In the strategic diversification, 56.25% of SIA share was switched to SATS.  In doing so, this has increased the overall holding (SIA + SATS) by 6.25% and at the same time reduced the overall holding price $6.3745/share (SIA only) to $5.999/share (SIA+SATS) and this further reduced to $5.8764/share after accounting for the amount of capital recovered during the process (refer here). At the point of the strategic action in Sep 2020, the holding of SIA was as followed SIA (holding price $6.3745)  --  unrealized loss 46.95% After the strategic action in Sep 2020, the holding of SIA+SATS was as followed SIA+SATS (holding price $5.8764)  --  unrealized loss 48.34%...