Glorieux: I guess it all comes down to whether you trust your DD more than Century or the market. (Insert Dirty Harry reference here - I'm too lazy to bother right now.)

On the other hand, if Jhallwo sold at a profit, then he fulfilled the #1 rule of investing - go home alive at the end of the day. (There's an Untouchables reference.) Nobody should criticize him for it, especially since his position seems to be that he has no faith in the company. If you have no faith, it's smart to get out of the position!

The market is pissed at Century. The market has good reasons to be pissed. That is why CMM have been undervalued for so long. Now if, like Glorieux, you've done sufficient due diligence to convince yourself that CMM will prove the market wrong and fly over $1, then it's wise for you to stay invested.

But if you haven't done sufficient due diligence, it's wise to be like Jhallwo and sell based on the warning signs of future management stupidity to come. Especially if you've already made a good profit.