$MELI Analyst rating on this stock is in $900s and the price is perfect for a significant drop right before the results and then a huge drop after the results. Financial companies bought this cheap and now the drop will take it below $900 levels as coronavirus has adversely affected the sales for this online retailer.
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@Oldfox007 if sales are down... please explain this. In Argentina they are more popular than Instagram and Twitter in June. Are people going to the website to just look at pictures of the items? I think not. Please use some common sense before spamming the board like an idiot.
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@stock_head OMG 😱 you gauge your revenue based on site hits. Good Luck when you fall on your head. You should at least learn to read balance sheets which will make you more educated in company fundamentals. $MELI has no fundamentals.
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