5/2/24 - $meli - ex post dip buying or chasing higher ex post

5/2/24 - vrockstar - tough setup b/c the trends look mediocre at best (esp recent ones). long term compounder w/ awesome moat growth at 4x revenue and 2y fwd PE in the high 20s isn't "expensive" for this type of 30-40% cagr. however, any miss/ investment issues here will dramatically reset the # and the multiple... i'm definitely biased long here but would rather play the print ex post. looking to dip buy in the lower 1000s, w/ target trading in the $1200 range. a beat can be bot here too. will miss meat of the move. somtimes the stock doesn't react immediately AH so you can move quickly to respond to a beat and chase higher... should stick w/ valuation reasonable if there's no guide/ growth issues under the hood. that's how i'm playing.