My best move ever: bought 100 Mercadolibre (MELI) shares: up 40% in 3 weeks. December 8, 2008Posted by deminvest in growth stock, Internet stocks, investment, MELI, Mercadolibre, my free stock, My investing mistakes, nasdaq, Nasdaq stock, Single stocks, stock I own, stocks.
Amazing… three weeks ago I wrote that Meli was my worse move ever.
Today I hit my 40% up target, got my invested money back and kept my remaining Mercadolibre shares as free stock.
This is what happened:
on November 13, 2008:
At 10:41:40 am Eastern time, I bought 100 MELI shares at $ 10.42 each, sepnding $1042 overall
At 01.00 pm my 100 MELI are worth $ 9.38 each. Down more than 10% in less than three hours.
Mercadolibre hit my 40% up target. As my 100 MELISs hit 40% target I:
1) Sold 73 MELI shares at $ 15.07 each cashing a total amount of $ 1110, more than what I spent to buy 100 a few weeks ago.
2) Kept 27 MELI shares left (worth $407). They are now free stocks, thanks to my FREE STOCK STRATEGY.
This is why I bought Mercadolibre in the first place… which I can now say was a good idea 🙂