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"Shares of e-commerce company MercadoLibre, Inc. (MELI: News ) gained more than 15 percent in after-hours trading on Wednesday after the company reported a nearly 40 percent surge in profit for the third quarter on strong revenue growth. Both earnings and revenue topped analysts' expectations."
cont'd
http://www.rttnews.com/Content/BreakingNews.aspx?Id=1750396&...
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I'm short the stock. Oops. Got this one wrong, it appears. (For now at least).
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I am glad I bought this stock during the recent lows and re- established my sold pos.
Anurag
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That was a good trade. All the key metrics had been degrading for a while, but they managed to pull a rabbit out of their hat this quarter.
