$Sea Ltd(SE)$ Classic accumulation phase unfolding on this tik. We climbed in yesterday with common and Nov calls financed thru our credit spread strategy. Thus lowering our break even considerably.
Be patient on this one and watch the time and sales for large odd lot order entries at the bid...that is your accumulation underway. Then the tik pulls back a tad, shaking out some retail. Then another odd lot series of orders. It is coiling for a run.....patience patience
patience.
"The stock market is a device for transferring money from the impatient to the patient" – Warren Buffett
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