As you may already be aware, Sembcorp Marine has come out with another rights issue. Its long suffering shareholders (me included) can either cough up more $ or risk a massive dilution.
Over the years, I have lost about $14k to this one name alone. In fact, this must be my biggest loser. I lost a little on SMRT and Genting years back.
I have decided to double down and scoop up my rights and maybe even subscribe for excess rights to average down. My SIA bet paid off and I am likely to come out even or just a little underwater. I am lucky to have the liquidity to buy and hold.
Lesson learnt: Be careful of buying at the PEAK. Cycles come and go. Leaders become laggards. Nothing lasts forever. Look at the Olympics. A champion across multiple Olympics like Phelps is UNCOMMON. Other mere mortals fade and go away.