Market is in an unforgiving mode this year after we’ve seen a battered meltdown in many growth technology and e-commerce stocks.
While most of these companies are still in positive territory after their strong run-up during Covid, many of them are starting to give up their gains in the past couple of months.
The past couple of weeks we have seen a few notable companies with the likes of Netflix, Meta, Paypal and Shopify taking a beat from the market after earnings. With earnings still to come from many of the other companies, we could very much see a repeat of the same.
This article is about SEA Ltd and in this article I will explain why am I not a buyer at the moment despite the shares already crashing more than 60% to date from its peak.
Let’s recount the timeline event that leads to the recent reversal of the trend....