I know it's kind of late to be posting a note on this trade I made months ago, but since I'm asked here's why.

   A buddy of mine at work told me about this stock and the article he read from Motley Fools about how this stock gives us an opportunity to travel back in time, figuratively speaking, and take advantage of the missed opportunity to invest in companies such as Yahoo, Google, and Ebay in its infancy - a second chance in a way. Then he went on to tell me that MELI is like a Latin version of Ebay and Ebay holds 25% or so of managing control (?) in the company so that MELI can benefit from Ebay's experience also. So I thought I would give a shot at it.

   At the time I bought the stock, I figured the stock was at the bottom and ready to move up. I had expected a support at $34.5 and a resistance at $40. This being one of the first trades I made, I was more earger not to miss out than to do more research. As you can see from the price charts, I've had to pay for my eargerness emotionally by watching the stock fluctuate above and below my bought price for a month and a half before I could get some level of comfort that I've made a good buy.

  I still think that the time machine idea makes sense and that MELI is a good buy for a long term investment. We'll have to wait and see....