SE Short: Rejection at VWMA

Previously I had called for more observation of SE after a series of very successful short calls (including one at the very peak price). I also put their very serious lack of financial discipline to the question (before they announced the layoff at various regions of Shopee). Unfortunately, what I can say is that they couldn’t win macroeconomics. Rising cost is rising cost, not to mention that they were the driver of rising inflation in the job markets for years.

We lived in an era where so many untalented are paid too much. Before the financial crisis, these people lurks in the financial sector, now they reside is tech and finance sectors (just how many banks actually tried to be fintech themselves and banks usually take the leftovers).

Now, price target… let’s start with a price target of $36 for a start. Then we will revisit again.