Coupang is too cheap here and offers great risk/reward, with heavy insider buying signaling confidence. Director Neil Mehta bought $138M of stock this week, which @Mr_Derivatives tallies at $158M over three days. It also remained one of Stanley Druckenmiller's biggest holdings last quarter, when he likely added more. x.com  x.com 

Coupang looks like a long-term buy on a typical reversal pattern coupled with a large insider purchase. Per @BourbonInsider, a director just bought 7M shares for about $136.6M at prices of $18.48 to $19. x.com 

Coupang, Sea and MercadoLibre remain dead money: their charts are broken, they are still overvalued and they face too much competition. Even after recent gains in Sea, they could stay dead money from here; they might be value, but that won't be known for a couple of years, and value traps are a devastating source of capital impairment. x.com  x.com 

Coupang is a phenomenal buy because a board member just bought $136 million of stock, probably the largest non-founder insider purchase ever seen, and there is only one reason to do that. It trades at about 20x next-12-month EBITDA, with EBITDA expected to grow about 30% a year for the next few years, though margins compress slightly this year on Taiwan expansion. Versus Sea, Coupang looks a little cheaper after being overly punished for its data breach. x.com  x.com  x.com 

Coupang counts Kevin Warsh, a board member since 2019, among its shareholders, a signal that justifies buying more. x.com  x.com 

Coupang has built a logistics network that is incredibly difficult to replicate, leaving a lot of room to turn that scale into better economics over time. x.com 

With its regulatory fine overhang done, Coupang wants to get to $20. If it gets there, it should head to the mid-$20s, though this call could be wrong. Korea is doing well, and the semiconductor gold rush will hopefully help. x.com