wow..

depends on ur investment horizon..

if ur investment horizon is 10 yrs..

 hold loh.. cos u already loss a lot !

if u plan to swing trade like some of the ppl here..

sell loh.. 

I lost 7k bec of the monday fall. But not counter those div i got earlier n some profit i made earlier from rickmers. But still overall its a lost here.. Takes me months to earn n gone in 1 day.. disappointed with the mgt way of handling this issue. hiding here and there. N didnt wan to give warning of such a big cut took every by surprise.

Even though i lose so much here, i just let go, bec else i will keep holding n thinking about when it will rebound while all those counter move up so nicely, it create an emotion barrier and it affect my trading alot. So by dumping them i can move on n trade better.

jiaklat....

I have 10 lots bought 1 year ago at $1.08, and my wife has 5 lot too...

Should we let go all of them immediately? Please advise.

Cold sweat...

I sold my Rickmers shares (with losses) and used the money to buy another counter. Not worth sticking with the Trust through thick and thin when I'm not a Rickmers. Unless the state of the Trust does not disturb you and you're willing to loss all your capital in the worst case scenario.

I called the company previously and after the conversation, I'm still left with lots of uncertainty if the company would resolve all their problems. I didn't wish to wait till I suffer even more losses.

Cut loss when need to and save the remaining capital you have.

MikeL2009      ( Date: 24-Aug-2009 15:48) Posted: I'm staying put!  I intend to hold till the refinancing issue is settled - sink or float, dead or alive!

Hi ,

Its fine to hold up - but having digested all the information on the Company, i believe it defies
logic to hang on to it. Too many risks - and ur capital may be better served elsewhere, where
there is less risk but reasonable long term returns. There is a possibility that Rickmers might
surprise us all - but personally, I don't like the anxiety and I sleep better knowing that the risks
are more manageable in other counters.

MikeL2009      ( Date: 24-Aug-2009 15:48) Posted: I'm staying put!  I intend to hold till the refinancing issue is settled - sink or float, dead or alive!