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My best move ever: bought 100 Mercadolibre (MELI) shares: up 40% in 3 weeks. December 8, 2008

Posted 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.
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Will MELI be the Ebay of Latin America?

Will MELI be the Ebay of Latin America?

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:

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My worse move ever: bought 100 Mercadolibre (MELI) shares. They fell 10% in 3 hours! November 13, 2008

Posted by deminvest in growth stock, Internet stocks, investment, MELI, Mercadolibre, nasdaq, Nasdaq stock, Single stocks, stock I own, stocks.
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6 comments

Will MELI be the Ebay of Latin America?

Will MELI be the Ebay of Latin 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.

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