$MELI we will see. I convinced my stock club to sell half at $500 when the Argentina currency got crushed 2 yrs ago...
Oldfox007
Bearish
$MELI South American currencies have dropped 16-18% in value and due to exchange rates/operating expenses the earning projections are going to be another huge negative dump 💩. They were already reporting negative income since past couple of reports but this one will kill this company.
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@flipper99 This $MELI company has majority of its sales coming out of Brazil. The country’s sales are hard hit and the currency depreciation is by 19% which means no matter how much better this stock does on sales, the revenue will be crushed.
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