The short trade on MELI seems a bit crowded now, what to do? Almost 8M shares short
Everyone seems to say to short MELI b/c it's overprices but I wonder if 8M shares short isn't enough already? Will some of these need to exit their shorts soon? Any thoughts on what a threshold is. I don't want to be late to the party so t speak.. should I wait until short interest has lightened up a bit?
These earnings seem like a big miss from what people are saying and everyone thinks we will sell off hard tomorrow.