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Sea Limited drops to end week as Hedgeye calls it a top short idea Back view of young gamer playing video games on computerSea Limited (NYSE:SE) ended the week on a low note, dropping 6.6% today after being named as a best idea short at Hedgeye.Shares had pulled back some 30% from their all-time highs already, analyst Felix Wang notes, but says the valuation is still "lofty" - and has room for another 35% downside.The company is facing more competitive pressure, he says, and some of the routes forward aren't as solid as expected. Sea is looking to Brazil to support international growth, but Wang says the gaming opportunity in Brazil is "hyped" and e-commerce there is shaky as well.As for its flagship game Garena Free Fire, it's a "one-hit wonder whose performance has peaked," with engageme