it's good to see some recovery
$Sea (SE.US)$ this was down big but some bulls have come in to buy and support the price so it's not bad now
i have been buying this shit since 2022s as a long term play i will admit that i just broke even somewhat recently and turned green on this but sadly all these sensitivity to bad news and analyst forecasts (i never trust these) have caused the stock to tank again and wiped out my gains but look I didn't sell it at recent highs because I don't see the point it's excessive mental effort I'm just going to let this recover as it always has and slowly creep up again
i said recently if you look at the chart there was a consecutive bull run more than 9 consecutive green days this kind of stuff doesn't just happen out of thin air there are some big buyers bringing up the price
and fundamentally i do have some faith in the management so it's a bit of a risky bet I'm not liking the cut throat competition in ecommerce but I think Sea group can execute so I'll hold this more and monitor future earnings especially with rate cuts
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aims to identify stocks with rock solid growth fundamentals with 10x potential. also dabbles a little bit in trading
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102941306 : Wasted so many opportunity costs, you should have bought Nvidia and Microsoft's
MomentumPython1337 OP 102941306 : you don't know what other shares i have. my style is not to go all in on 1 stock. SE forms between 3-5% of my portfolio. i have more than enough MSFT (5%) and NVDA (10%) shares (after trimming at recent bullrun). made more than enough profits from NVDA and SMCI to trim shares from those tickers for now.
the market is rotating from semis into SaaS and data stocks.
once interest rates cut, ecommerce stocks might see better bull run. anyway, I'm not in a hurry to get profits. i am prepared to wait and see as long as the business direction and thesis do not change severely
ChartTrader : I still put this in my watch list just to support a SG comp haha
MomentumPython1337 OP ChartTrader : whales have bought a lot of shares in the last few days particularly on the red days it is very suspicious i was about to sell and just take whatever profits i had
but i saw that and I cannot sell now because those whales will support the price i really doubt this will go below 60 or even 65 i will let it ride to 76 and see if it can break above that to hit 80 honestly i dont have a price target im sort of YOLoing here but I think it can hit 100 eventually i have held for months and years no reason to be impatient now