The share price of SATS (SGX:S58) has climbed from the lows of $2.50 to above $4.30 today, fueled by recent dramatic news of vaccine, potential increased travels and flights in the short future. I own 4,000 shares of SATS in my ultra long-term SRS portfolio at an average cost of $4.30 and $4.22 after lessing off the dividends collected in past 2 years. I sold them all off at $4.32 today at slightly more than breakeven, avoiding the possible hefty loss of more than $7k if I had cut loss in Mar 2020.
From my SRS account as of 23 Nov 2020, SATS share price was 4.08 before further run ups of SATS share price to above my holding cost on 24 Nov 2020.
Why did I change my mind on a long term investment and decided to sell SATS?
1. No dividends in...