There's an awful lot of speculation going on here...
My position is simple. I'm not selling any, and if anything, am waiting to add more (albeit) at a lower price IF the EU situation worsens dramatically. I'm holding because SEA is a tightly-held stock. I believe that the tide will turn at some point (based on the fundamentals), and when it does, it could be rather difficult to reacquire the number of units I currently hold at a sensible price. Anybody who has been watching this stock long term will know how quickly volume can dry up (on the sell side) when genuine buyers are about (against a backdrop of true sellers).
It is worth reminding ourselves (IMHO) that this company has excellent fundamentals; is highly undervalued (regardless of some of the unproven acerage), is working from a solid strategy, has a low debt ratio in its strategy, is selling a product in high demand, is making a profit on this product even in the midst of debt crisis, hasn't been sold down on massive volume and has moved in line with its peers in this regard, etc etc. It is not some dodgy director lifestyle maintenance model IMO, so this isn't a factor in the sp IMO. Things move in cycles, and for mine, SEA will upcycle with the rest of 'em when the time is right. I'm pessimistic about the debt situation we are currently facing (it was obvious from the data that we had a major problem, which is why I was posting doom and gloom 6 months before it happened), but I am very optimistic about the prospects of SEA, which is why I retain my original substantial holding and look to buy a swag more if the EU situation worsens.
Naturally my outlook might be different if I was holding a leveraged position at a loss.
Disclaimer: The above post is a series of my opinions and is intended solely as stock discussion. Nothing contained therein should be considered to be financial advice in an way, shape or form.
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