SE Short: New Low Expected. Jobs cut expected. Pay cut expected.

NYSE:SE   Sea Limited
Technically speaking, we can refer to the previous circled period where price temporary moved up above the VWMA . Similar to the price action during this period, I would expect SE to make new lows.

Additionally, I expect that the company will announce the following within the next few months:
1. Job Cuts
2. Hiring freeze
3. Pay cut

My suspicion is that the previous pay cut from the “senior management” is just a prelude to the grand plan for cutting the bloat in the company. Cutting their own pay first will make them look like good people and less guilty when the inevitable job cuts are announced.

Following Elon and Mark is going to be the model ahead. Anyway, on an unrelated topic, when Mark said that he took full responsibility, what penalty did he suffer? Just paying lip service is that I see.

Btw, I called the top of SE way earlier.


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