MercadoLibre, Inc. (NASDAQ:MELI)
CAPS Rating:
An online trading company which focused on enabling e-commerce and its related services.
An online trading company which focused on enabling e-commerce and its related services.
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Recs
The 1929-1930 equity rally (coming out of The Great Depression) lasted 147 days and the market was up 46%. It has been the same amount of time since the March, 2009 low and we are up about the same percentage. It’s déjà vu (paramnesia), so prepare for a drop of about the same percentage (85%).
It seems to me there is lots of Insider selling.
How's that short working out for you?