To The Moon

Is now the right time to buy the hottest ecommerce related stock in 2020?

SEA Limited (SE) a southeast Asian company with its roots in gaming and ecommerce have gained huge attention and traction since 2019.

Ever since the treasury yield increased, we have seen many tech stocks including SE have dropped significantly.

Many people are speculating the bubble has popped and it's time to move other sectors as the economy is improving.

The question is why leave a booming stock when the economy is improving?

Most will agree that 2020 was the growth year for ecommerce as more people including my elderly parents are transitioning to online shopping.

It's expected that this trend will continue even when the pandemic ends.

Personally, I will observe the market closely as SE is kind of oversold now.

I feel it's a must buy when it hits $195. (Share offering at $195 previously)

Will it drop further than $195? It might.

But will the bubble burst for SE? I dont think so. Just because people think that tech stocks are overvalued now doesn't mean that companies such as SEA aren't growing anymore. In fact, they are aggressively growing in countries such as Thailand, Taiwan and Malaysia.

What do you think of SE? Undervalued or over-hype stock?

Feel free to share with me your thoughts in the comments.

Note: This is not financial advice. Please do your own due diligence when investing in stocks.