COSCO gapped down to 11 then closed at 10.20 for a whooping 32% loss!
How much investment is trapped at the 15-18 level? Are the holders at that level willing to cut loss at say 10 or even down to the 8.50-9 level? Or will they be long-term investors aka ipitz?
I rebought at 10.50, about 50% of my original APM, as planned but the closing is quite ugly at 10.20 that I am now, as I write, considering of cutting my loss as early as tomorrow.
Someone mentioned about some shares of COSCO to be freed from its 90-day lock-in period soon. It was my first time to hear it... unconfirmed... and therefore, it is just a rumor at this point but it is already giving me the chills. Nakakatakot! I will try to have this confirmed.
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