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MercadoLibre Plunged After Earnings. Here's Why I'm Not Selling

Shares of MercadoLibre (NASDAQ: MELI) fell by 12% on Nov. 5, the day after the company's third-quarter earnings came in below analysts' expectations. That leaves the stock more than 40% below its all-time high. Of course, some of it was due to broader market pressure, as the Nasdaq Composite had its worst day in years, but there were also numbers in the company's results that drove the decline.

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