Sea stock slid after regulators in Indonesia announced an antitrust probe of Sea's Shopee e-commerce business.
(Bloomberg) -- Indonesia’s antitrust authorities are investigating Southeast Asia’s e-commerce leader Sea Ltd. for potentially unfairly favoring its own delivery service over other alternatives.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 KilometersConocoPhillips to Acquire Marathon
As the great Jesse Livermore said, "It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!"