Let’s dive deep into the Sea
Quick thoughts
I usually try to avoid investing in young and unprofitable businesses
People tend to quote successful examples like Amazon, Tesla, which almost went bankrupt at one point in time. But hey, how many Amazon and Tesla are there in this world?
To clarify, I am not saying that Sea is a bad investment or they cannot succeed. I just feel that it is difficult to put my money into a company when it is crystal clear that 2022 will not be a smooth year for them.
Buy, Hold or Sell?
For those who are already invested in Sea, I think you can hold your stocks right now. The stock needs to break above $100 to be bullish. Otherwise, the next strong support level is at around $53 to $55, and that could be a super good buying opportunity.
In short, investors should expect a choppy Sea this year. But it could turn into a good buying opportunity in the future.
If you have some time this weekend, hope you can check out my video below![]()
I usually try to avoid investing in young and unprofitable businesses
People tend to quote successful examples like Amazon, Tesla, which almost went bankrupt at one point in time. But hey, how many Amazon and Tesla are there in this world?
To clarify, I am not saying that Sea is a bad investment or they cannot succeed. I just feel that it is difficult to put my money into a company when it is crystal clear that 2022 will not be a smooth year for them.
Buy, Hold or Sell?
For those who are already invested in Sea, I think you can hold your stocks right now. The stock needs to break above $100 to be bullish. Otherwise, the next strong support level is at around $53 to $55, and that could be a super good buying opportunity.
In short, investors should expect a choppy Sea this year. But it could turn into a good buying opportunity in the future.
If you have some time this weekend, hope you can check out my video below
From YouTube
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Successful investing is about managing risk, not avoiding it. DYODD
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