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arkiebrian
Arkansas Fan
Midtown
Member since Nov 2006
3755 posts

Anybody in here on the BYND short train
Been riding it down since it was about $160. Seems to be pinned at $80 lately even though it is obviously still vastly overvalued. Have some Nov expiring puts but also Jan puts. Even if those expire worthless I’m still up about $15k on this garbage IPO.


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1184 posts

re: Anybody in here on the BYND short train
I’ve been short some call positions in the past, but I haven’t gone long any puts or shorted the stock itself for margin and risk reasons. Sounds like it’s worked out well for you though.

A good many of the money losing unicorns have been getting slammed lately, haven’t they? I guess it started with the dope stocks, now it’s hitting the fake meat, food delivery and ride sharing companies.

Sooner than later, I may take a short position or even buy some longer dated puts on PTON though. An overpriced stationary bike with a cheap computer monitor attached. Wow, fools and their money.


arkiebrian
Arkansas Fan
Midtown
Member since Nov 2006
3755 posts

re: Anybody in here on the BYND short train
PTON is on my list too need to do some more research on it. BYND is just a constant money pump losing on average 2-3% a day.


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Tigers4life
LSU Fan
North Carolina
Member since May 2004
1281 posts

re: Anybody in here on the BYND short train
quote:

Been riding it down since it was about $160.


Better bank if your still short. Most of the selling lately has been from the lockout exp. and the anticipation of it. It's now 60+% off it's high and many analyst have a price target above current levels. Last but not least.....If McDonald's buys in...boom


arkiebrian
Arkansas Fan
Midtown
Member since Nov 2006
3755 posts

re: Anybody in here on the BYND short train
quote:

Better bank if your still short. Most of the selling lately has been from the lockout exp. and the anticipation of it. It's now 60+% off it's high and many analyst have a price target above current levels. Last but not least.....If McDonald's buys in...boom

Been cashing in all the way down and reloading at every pop. All that seems to keep the price from completely caving in is that hope that MCD will rollout BYND nationwide. I really don’t think they will when they have their decades-long partner Nestle running a much larger fake-meat trial in Europe. Nestle also provides at a much lower cost.

Plenty of room to go much lower, comparing BYND to other food packagers with a price/sales ratio of 1.5 at best this company is still 5+ times overvalued. The company is little more than hype puff pieces and hopes and dreams.


Tigers4life
LSU Fan
North Carolina
Member since May 2004
1281 posts

re: Anybody in here on the BYND short train
You may be right. CEO just sold 70000 shares. Seems odd timing if he thinks McD is coming in.


arkiebrian
Arkansas Fan
Midtown
Member since Nov 2006
3755 posts

re: Anybody in here on the BYND short train
He swore he wouldn’t sell any more after cashing in on 160. Has he really sold more this morning? I’ve missed that.


arkiebrian
Arkansas Fan
Midtown
Member since Nov 2006
3755 posts

re: Anybody in here on the BYND short train
One more thing about BYND they announced their earnings 2 weeks ago but are waiting until the very last day (today) to file the 10q. Depending on what is materially different from the ER could really rank in the after hours.


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Tigers4life
LSU Fan
North Carolina
Member since May 2004
1281 posts

re: Anybody in here on the BYND short train
I think it was announced Friday.


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