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Mercadolibre, Inc. Message Board

  • a1stargatefan a1stargatefan Apr 23, 2013 11:20 AM Flag

    MELI.PK..............lol..it what it should be listed as......

    This Stock is a joke........shorts haven't covered yet..? Earnings are right around the corner too..! Where is the volume..? Pink sheet Companies have more Interest in them then this thing...?

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    • short interest has been ticking down last 2 periods but its still pretty high, currently at 20 days to cover with the drop in trading volume recently. That short itnerest could be supporting the stock as any downdraft could be taken as an opportunity for shorts to start covering, as MELI has shopwn pretty good support here- shorts are not getting much of a return on their money

      my covered call hedges are ticking away collecting time value, so I can't complain about a sideways moving stock, although i do wish I hadn't bought back those puts sold when MELI first ran to upper 90's. Oh well did get a little profit out of that

 
MELI
129.17+0.77(+0.60%)Aug 4 4:00 PMEDT