Sea Limited: Doubling Down Opportunity From "Historic Plunge"

Seeking Alpha2023-08-17

SummarySea Limited investors endured a torrid 'historic plunge,' as SE fell nearly 29% yesterday, wiping out a quarter of CEO Forrest Li's wealth.While the earnings report didn't seem that bad, ...

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Comments

  • Cedric77
    2023-08-18
    Cedric77
    It is important to note that this is just a short-term reaction to the earnings report. The long-term prospects of SEA are still positive. The company is still growing rapidly in its core markets of Indonesia and Vietnam. It is also expanding into new markets, such as India and Brazil. However, the company will need to address its cost issues if it wants to sustain its growth. As of August 18, 2023, Sea Limited's (SE) stock price is $40.52. Its IPO price was $15 per share. This means that the stock is currently trading at 270% above its IPO price. The stock price has been on a downward trend since its peak of $360.99 in November 2021.
    • LLOVE_Esther22
      [财迷][微笑] @期权异动观察
    • shunyan
      Wouldn't say they are growing rapidly in Indo, plus Indo is a competitive space for ecomm where users are not sticky yet. TikTok competition is real. And yes, hedge funds love shorting SEA, 2022 top short name according to Jefferies
    • Hummit
      You are playing against a whole bunch of professional short sellers. The game is tilted in their favour.
  • Henry Eric
    2023-08-18
    Henry Eric
    I'm using this medium to advice my follow human on trading, I was Firstly introduced to professional trader and her platform, I was scared to start trading with huge capital and I decided to start small with $5000 now I'm on my third trade with profit of about $45,000 if you've been facing difficulties on trading here comes Faceb👀k Dorathy. E. Dex and start a successful trade Session.   
  • Huitai
    2023-08-17
    Huitai
     valid reason to to cost averaging now
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