Dealing with events with particular uncertainty
Hello everyone,
I would be interested to hear your opinions on how you deal with your shares when one-off events cause particular uncertainty. Specifically, it's about $TISG (+1,38%)an Italian shipbuilder that specializes in luxury yachts. The shipwreck off the coast of Sicily with several fatalities (RIP), which was reported quite prominently in the media, occurred on a ship from their fleet. I have read up on the subject and there are probably many indications of human error and few indications of design faults on the part of the company - nevertheless, damage to the company's image or, worse still, a court case with media coverage cannot be completely ruled out. The share price has fallen slightly since then, but nothing that indicates increased nervousness on the stock market. However, I am already considering switching to the sidelines for the immediate aftermath of this sad event... in the end, I can always get back in if the previous impression that the company is not to blame is confirmed. Including order fees and taxes on the profit made so far, it will cost me a tidy €35 for an investment volume of €900. Have you ever had similar cases? How do you deal with it or would you deal with it?
I look forward to your suggestions.
Edit: My own tendency is to set a stop loss somewhere around €7.00, limited to 3-4 weeks.