BYND - Beyond Meat

[tsptalk]

Has anybody been following this wild stock since its IPO last month?

It jumped up to $200 today before giving up the whole $30 morning gain. IPO price was $25.

https://www.cnbc.com/2019/06/18/bey...trades-above-200-after-soaring-18percent.html

 

[1965Vintage]

Has anybody been following this wild stock since its IPO last month?

It jumped up to $200 today before giving up the whole $30 morning gain. IPO price was $25.

https://www.cnbc.com/2019/06/18/bey...trades-above-200-after-soaring-18percent.html

Been watching it every day since the IPO.
It's insane!
I'd love to short it, but I'm not that brave!

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[Rfee]

I shorted it before earnings release... That did not go well

Been watching it every day since the IPO.
It's insane!
I'd love to short it, but I'm not that brave!

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[tsptalk]

I bought some at $91ish and sold at $99. Then tried to sell it short after earnings (I think it was near $140 at the time) but Fidelity didn't have any shares available to short. Shew!

 

[nnuut]

Is this Soylent Green or something?

 

[tsptalk]

Ha! You should have a Beyond Meat BBQ, nnuut!

 

[jtt013]

I bought fractional shares of it through m1finance, sold right before it had the big drop last week, then bought some more after the drop (~$1 of it). It's been doing very well. Target stock has as well. I love how little risk I take with m1's fractional shares.

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[nnuut]

Ha! You should have a Beyond Meat BBQ, nnuut!

Nah! I don't like Paper Mache meat!

 

[tsptalk]

BYND (veggie burgers) still going.

https://www.cnbc.com/quotes/?symbol=BYND&qsearchterm=bynd


I'd love to short this but the momentum is crazy, and these kind of "no brainer" shorts tend to keep burning traders. I'll keep watching and probably miss the opportunity. But that's OK. It could be $500 or $50 a year from now - who knows?

 

[TommyIV]

I'd love to short this but the momentum is crazy, and these kind of "no brainer" shorts tend to keep burning traders. I'll keep watching and probably miss the opportunity. But that's OK. It could be $500 or $50 a year from now - who knows?

Was this your missed opportunity?

Beyond Meat sales nearly quadruple, stock plunges after secondary offering announced

 

[tsptalk]

I actually went in to short sell today near $218 and Fidelity didn't have any shares available to short. Seems a lot of folks have the same idea, which may also mean the downside could be limited... (too many people short). But that would have been nice for a quick trade with it down another 13% after hours today.

 

[Bullitt]

$218, you nearly picked the top! Ever get to pull off that trade? I see short interest at 12%, but not sure when that was last reported. High, but not extreme.

Another earnings call, still trying to turn a profit. -.16 EPS.

Sad state of affairs when companies like this are market movers.

 

[tsptalk]

What happened when a bear flag meets a negative outside reversal day?

 

[Bullitt]

This one has baffled me from day one. Let's not eat animals anymore because it contributes to global warming.

I couldn't imagine a 40% haircut. I can imagine a 10% in one day because it's happened to me recently, but not 40%. This is the point where traders become long term buy and holders.