IBD had to ring in today when there was only 149k shares traded hands..? Then the Street had to write something....lol.....that just goes to show you how rigged this whole thing is! I still have no position with MELI....still sitting on LNKD ...American based Company" here til the end of the year!
Mercadolibre is a GREAT Company but the stock is terrible! Sitting at a 6 billion valuation should put it at a 214 PPS right now.....? Just because of where the Company is located and does Business...this stock will suffer....don't waste your time with it and move on...like I did! A1
I don't own any of this stock but...seeing it correct to 114 from 128 (on no volume) and no Market correction yet...your right...the thieves will wreck it again for the retail guy! They will stick with musical chairs,,,each and every day! Funny thing is that I am making more money on a stock that should be trading at 10 bucks! LOL...shows ya how WALL STREET works.....!
If there is no bounce on Monday.......90's is baked into the cake! I think today's article from "IBD" is the first sign of a major drop from here......A1