Yes. I agree with you. I had been buying
$Sea Ltd(SE)$ since it dropping. I have faith and confidence in this company. The 3 business models for gaming, e-commerce and digital banking are making profit now. Therefore, I do not see why the stock price will not be going up. You must keep for long term and you can see the price shot to the moon. [Happy]
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@CrystalRose:
$Sea Ltd(SE)$ It's impressive how much SE has fallen from grace.While I have no position in SE at the moment I do believe that this stock has a modest upside at the current price. It's worth a consideration for a speculative position
None of its competition is new. SE is the dominant player in its markets, off course it won't grow as fast as someone just starting out and burning billions!
SEA has challenges, certainly, will require patience no doubt, but as a long term perspective, i dont see how not to be long on SE. I will keep buying. Great long opportunity.
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Comments
Alright then, we'll hit $40 and slowly move back to $60 in the coming weeks. We won't see $90 atleast until next earnings. It's alright, just requires a pit more patience.
In a report released yesterday, Benchmark Co. reiterated a Buy rating on Sea , with a price target of $105.00. The company’s shares closed yesterday at $72.45.
The bottom is behind us. Personally my lowest buy point was 100 shares at $42. I am almost breakeven at this point ($60).
RSI and Inverse H&S have pretty much confirmed the lower high on SE. If we get back up and close over 65 this will be further confirmation next week or sooner. Excellent. Next Earnings will hopefully be the catalyst to break 100.
SE could easily see a replay of what happened in March. we literally went from 57.95 to over 80 in days.
Loss at open, gain at close. IT seems someone is manipulating price and accumulating their shares quietly.