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...~EBAY~ & ~MELI~'s relationship is eerily notable...

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~6979~   Thursday, 02/10/11 10:55:55 PM
Re: None
Post # of 70 
...~EBAY~ & ~MELI~'s relationship is eerily notable...

~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~


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