Singapore Technologies Engineering- Bucking the trend

the most recent selldown over the past few days has spared my biggest holding: ST Engineering. It bucked the trend the last few trading days to close higher. Now, ST Engineering is currently at "value zone" between 13,21 day EMA. Elder said, buy fear and sell normalcy during a bear market. ST Engineering is currently in the "normalcy" stage.

Will I sell? Short answer, no.
Why? ST Engineering is a STI component, for the most part, it will follow the trend of STI. It's never good to be either fully invested nor fully divested. I'm currently at around 60-70% cash, with my holdings (in order of liquidation value marked to market): ST Engineering, First REIT, MIT, Sabana REIT. I will be holding on, sinking or swimming with these 4 counters. Potential downside is 50% or more (remember, ST Engineering went down to high $1+ in 2009), but as I have the holding power, I will just hold on for dividends, considering I bought this at a low price. Same goes for the three other REITS.