This was up 4-500% last year so it may pull back a lot on anything really. It has a ton of debt and doesn't make money so it's very speculative. Tencent has a large stake in this company
Shopee Ecommerce - Runs mostly in SE Asia but trying in Latin America a bit. It's Amazon-style not Ebay. Logistics, shipping, Ecommerce-as-a-service for other businesses, selling those businesses data, etc. It's probably more social media-ized than what we're used to. It's #1 or 2 in most of the countries. There are some local competitors and then Lazada. Lazada was backed by Alibaba and they finally took controlling interest
Digital Payment/wallet - Ecommerce and digital payments have been my favorite place to put money for years. They have SeaPay, people use it to interact with them but I feel like it's the Kohl's card. They don't break it out in the numbers. Feels like a throw away though the category sounds enticing. Hard part about not regularly using the product.
Gaming - This is their largest revenue source. Garena is a gaming platform like Steam, I guess, but more social media elements and eSports. They create some games and publish some as well. Free Fire has been a big hit in parts of the world. This is where the Tencent link really pays off. Tencent is the largest game publisher in the world. Sea has an exclusive deal to host their games on the Garena platform.
I bought Sea Limited at $64.14. Currently trading at $232. [Reply]
NAIL brokeout today. The last time it flirted with $60 but I said I'd hold to $90's. My Stock ADD wants me to sell around the $60 flirt mark as it's been hovering around $46-48 for the last month. [Reply]
Originally Posted by wutamess:
NAIL brokeout today. The last time it flirted with $60 but I said I'd hold to $90's. My Stock ADD wants me to sell around the $60 flirt mark as it's been hovering around $46-48 for the last month.
It’s a leveraged fund. I don’t see why people hold them over such long duration anyway? [Reply]
Originally Posted by wutamess:
Meaning? Up 22% since August & November purchases.
You need to know what a leveraged fund is and how it works. These should not be held for months. Just because you’re up doesn’t mean you understand it.
S&P 500 returned 21% since August and you took on way more risk to achieve yours.
Originally Posted by lewdog:
You need to know what a leveraged fund is and how it works. These should not be held for months. Just because you’re up doesn’t mean you understand it.
S&P 500 returned 21% since August and you took on way more risk to achieve yours.
Originally Posted by wutamess:
Good to know. Put a trailing stop loss at 5% on it.
No problem buying NAIL but trade that thing on swings, like today! Stop losses can get hit easily since it moves a lot but definitely recommend using them to lock in profits or avoid large downside risk if it gaps down.
Originally Posted by lewdog:
No problem buying NAIL but trade that thing on swings, like today! Stop losses can get hit easily since it moves a lot but definitely recommend using them to lock in profits or avoid large downside risk if it gaps down.
Hope that helps!
Have you evaluated what your profits would have been if you just bought and hold versus trading out?
Sounds like you picked great stocks but hot put too early. [Reply]