One of My Largest Stock Positions Just Hit an All-Time High. Here's Why I'm Not Selling a Single Share.

MercadoLibre (NASDAQ: MELI), the Latin America-focused commerce company that offers an e-commerce marketplace, payment solutions, credit products, and more, recently skyrocketed to a fresh all-time high after reporting its latest results. Not only did it grow faster than investors had expected, but the numbers look strong throughout the business and investors seem relieved by the company's excellent profitability. With that in mind, here's a rundown of the latest results from this incredible business, why investors' fears from the previous earnings report have been calmed, and why I'm not selling a share even though MercadoLibre is one of the largest investments in my stock portfolio.