Selling Too Soon

I made my money by selling too soon. – Bernard Baruch

Congratulations to Marcos and the entire team at MercadoLibre (MELI) on their IPO last night. In an ugly market environment, they priced at the top of the range and the stock is up $7 today.

I hope it trades to $100 even though I am no longer a shareholder.

#VC & Technology

Comments (Archived):

  1. Scott Rafer

    Hey, Fred, that mean you forgive me. 😉

    1. fredwilson

      there’s nothing to forgive scott.i mean that.fred

      1. Scott Rafer

        I know. I just couldn’t resist. Many people criticized. You were the exception.

  2. Fraser

    Now that’s a question I’d love answered! ….. Fred?

  3. Charlie

    I almost thought maybe this was a follow up to the “Buying and Selling at the same time” post… Thought maybe I was missed. 🙁

  4. medyum

    I hope you could succesfull.