Man, is dying painfully. Following Buffet's advice, if price goes down but fundamentals remains the same then that's a buy. I think Meli's fundamental hasn't change even with the stock offering. It doesn't seem to find bottom but let's see how it goes.
goledger
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Momentum cuts both ways. And it's looking like we aren't going see a bounce anytime soon. I'm probably biased from the recent 10 days and the $450 plus drop in price.
This morning I bought some near-term $970 puts as a bit of insurance. I own shares long, and also have some March and June call options in the 1300s.
I should do everyone a favor and blow-out all of my MELI holdings ... so that it will go up for everyone else.
Following Buffet's advice, if price goes down but fundamentals remains the same then that's a buy. I think Meli's fundamental hasn't change even with the stock offering. It doesn't seem to find bottom but let's see how it goes.