this is a hurt stock...not the Company! I hope your in the real movers here....TWTR,LNKD,FB,QIWI.DRYS,ECOM....ect
MELI..is a junk stock that is a low volume..highly manipulated stock! Don't waste your time on this..it will be a 80 pps stock five years from here...just look back five yrs......waste of time! A1
I actually don't mind- I've got some shares of meli in my "income" account, rolling long dated ITM calls forward, generating annualized returns almost 5x that of treasuries- and i am willing to take the risk of shares tumbling in short/medium term because long term MELI is still poised to deliver solid long-term growth, even in the face of rising competition (MELI has a decent moat with payments, delivery services, web hosting, first mover advantage, geographical reach, ads and now real estate ugh) and political/currency headwinds. IMO!