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:
My worse move ever: bought 100 Mercadolibre (MELI) shares. They fell 10% in 3 hours! November 13, 2008Posted by deminvest in growth stock, Internet stocks, investment, MELI, Mercadolibre, nasdaq, Nasdaq stock, Single stocks, stock I own, stocks.
Tags: Auctions, online, South America
I am amazed by my incredibly wrong timing:
At 10:41:40 am Eastern time, I bought 100 MELI shares at $ 10.42 each.
At 01.00 pm my 100 MELI are worth $ 9.38 each. Down more than 10% in less than three hours.