% | $
Quotes you view appear here for quick access.

Seaboard Corp. Message Board

  • recordguy2004 recordguy2004 Feb 22, 2007 1:30 PM Flag

    The price of SEB makes me ill


    I held 700 shares of this stock for almost TEN YEARS. I bought in about 1993 on the advice of the second largest shareholder. My average purchase price was about $250. This old genetleman said don't worry you will see $800. And I waited, and waited, and waited and waited.

    Then it went to $275 and I got out. And of course to make matters worse, I plowed the money into xmsr.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Mr. Market requires us all to pay tuition in order to learn his ways.

      You made a profit.

      Each of our trades must teach us whether they are profitable or not. Unprofitable trades should teach us more.

      DO you think that your lesson from SEB might be that after you sold it at $275, it might still have been a good buy at $300, at $325, at $500, at $750?

      The reason why you did not repurchase the stock at those prices might be that you were unable to reconcile yourself to having made a mistake when you sold it. In the market, the faster one admits ones maistakes, the faster one can get (back) on the right side of the market.

      I was blessed to find this stock in August 2004 (thank you, John Dorfman). I took most of the next 1,000 points out of it on my (seemingly) small position. (Actually, the position is not small to me). I bought and sold the stock a number of times over the subsequent 18 months. But I have continued to follow the stock and to lurk here.

      Last week, I was lucky enough to buy the stock again, and now it has made (just started, I hope) a new upmove to new highs. That I had sold the stock previously at a lower price did not matter to me. Earlier in my life, I would never have bought the stock back here, having sold it lower before.

      May the Market be with you.


3,441.00+127.43(+3.85%)Nov 27 1:00 PMEST