Tuesday, February 9, 2021 2:24 PM EDT
Shares of Sea Limited (SE) are soaring again today, up over 5%. The stock has surged 37% in just the last two weeks and is up more than 670% since the 2020 March lows. While the company is growing quickly, investors need to question if this e-commerce and gaming company should be trading at 28x 2020 revenues. Sea Limited is not projected to turn a profit in 2021 or 2022, perhaps not even in 2023. This stock exemplifies the frothy markets and low cost of capital inflows. The Sea Limited stock chart analysis shows a major trend line tagged today at $278/share. A somewhat thin stock, when the pull back comes it could be sharp and nasty. A move to $200/share would only be a drop to the low pivot from just 2 weeks ago.
(Click on image to enlarge)
Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as ...
more
Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.
less
How did you like this article? Let us know so we can better customize your reading experience.