in truth, what you paid in the past should have no bearing on whether to hold or sell. Your particular past purchase price is irrelevant to whether the stock is under or over priced at this particular time. That said, I think this stock is actually overpriced right now. The ships they have are somewhat old (they have to scrap or sell those remaining vlccs soon) and the market is horrible and will be for the next few yearss. I think you will be able to buy this stock in the $2 - $3 range sometime in the next 12 months.