Thursday, February 10, 2011 10:55:55 PM
~EBAY~ cannot duplicate the local knowledge of how business runs with Latino consumers...Instead of trying to take this company over, its strategy is to outright invest in ~MELI~'s shares...
As you can see EBAY effectively owns almost 20% of ~MELI~'s Outstanding Shares...take a quick glance at ~EBAY~'s chart...it was up big today after announcing that it will make big money in the next 3 years...
...Here's an amazing comparison chart...question is, whos following who???
...To me its obvious...~MELI~ is following ~EBAY~...notice the rise in prices is eerily similar...~EBAY~ just broke to new highs...and rose above the parallel angle...Will ~MELI~ follow??? ...we'll let time answer that question...
...~MELI~ rises faster because of market cap differences, but the angle of ascension is exactly the same...
...this chart exposes many potential future trades...if this technical theory is correct, we can almost expect ~MELI~ to reach new all time highs (and/or rise above its ascending angle)
...happy trading all...you heard it here first...~6979~
Recent MELI News
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
