I think it would be better to buy another 1000 units to average down if you believe it would be great to hold it long term. I am personally also holding SATs but bought it after the crash at around $2.98 average price. I am not planning to average down unless it hits another -20% drop.

SATs fundamental are solid and they have the cashflow to weather the storm, however, that depends on how long the pandemic last and when travel demand can be back since it relies on gateway services and food for planes to make most of their revenue.

From an opportunity cost standpoint, I think you should broaden your horizon further and perhaps look at the US market for more growth opportunities. I am not giving you a recommendation but just my opinion but you can take a look at ETFs such as ARKK, ARKF and ARKW. I bought it in September during the mini sell off and currently +15% on all 3 ETFs. If you bought it during the March crash, you will be sitting in around +60% gains already. So yeah, do look elsewhere as there are much better opportunities.

Just my two cents!

Hi Anon,

A) Cannot be a good idea. It is akin to gambling. Avoid it.

B) If you look at it doesnt address your decision on what to do with your current holdings

I've this video to help you understand more on SATS because once you do, you'd be sure if its an investment you believe in or not. Hope it helps.

Is The Worst Over for SATS? How You Can Understand One Of SG Best Dividend Company! ~ Look for it on youtube​​​