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Increasing our position after a poor trading day to decrease average costs in hopes of a turnaround prior to the conclusion of the trading project.
Note: This stock is misnamed in the Stockfuse software, but is actually Sea Limited, a tech/e-commerce conglomerate based in Singapore
We asked for this stock to be added to the game because we see an opportunity for them to take a large market share of the booming e-commerce industry in Southeast Asia. This is especially true with the looming worries about China's economy. SE also is aiming to expand to markets that extend well beyond competition with China, unrolling its subsidiary Shopee in the South American market to rival MercadoLibre. SE also recently placed Shopee in Poland, a move that Amazon quickly followed due to the growth opportunity. This trade will also act as exposure to the Southeast Asian markets for our portfolio.