Could it be now that we see this ponzi scheme collapse?Beyond Meat, Net Income...
Q2 2019: -$9.4 million
Q1 2019: -$6.6 million
Q4 2018: -$7.4 million
Q3 2018: -$9.3 million
Q2 2018: -$7.4 million
Q1 2018: -$5.7 million
Q4 2017: -$7.0 million
Hu Hu Hu.
Beyond meat market capitalization (14B) places it above 30% of S&P500 companies.
Not overvalued at all. Scaaaaam. What idiots bought? Robinbros?
Beyond Ponzi just announced a secondary share offering of 3.45 million shares.
I wonder what could go wrong?
The GoPro experience (another CNBC favorite):
Reminds me of ripple also (aaaand another CNBC favorite), with founders (also early adopters still up 10,000% with the price down more than 90% from ath) just dumping since their ponzi made them billionaires.
I am eager to see the clowns that joyfully and aggressively bought get slapped in the face and learn a harsh lesson about reality.
Beyondmeat
Beyond Meat: Last update before ER We've already posted an idea about BYND a few days ago. The ER is now only one hour away. Premarket volume and volatility was significant today while the short ratio has increased to a whopping 0.62 (Source: Finviz). From the fundamentals, this stock is overvalued. However, remember that the market can remain irrational for longer than you can remain solvent. My advice: If you're not absolutely sure about what you're doing then simply leave it alone! It's not worth to go bust on a completely erratic stock. Just watch the chart and / or the conference call and learn.
Personally, I have made enough profit on the long side so that I put a fraction of that into put options. Even if they expire worthlessly I have enough profit left.
GL to you if you have a position open, no matter what direction!
Beyond Meat is dangerous I am not playing BYND, there are far too many people who lost money shorting this. They might be coming back for some more beating...
On the other hand, do you actually believe BYND shares are worth more than $200 ?
The option straddle is pricing a 20% move on earnings reported today (Monday 29th) after close. I think it might change even more. Specially on a downside.
* Set your limits and know how much you are willing to lose if this don't go your way!
Also remember, your limits will NOT apply on the price changing outside regular hours.
The ship is sinking for BYND!As we can see on the current candle already, BYND has a strong downward pressure ahead of its earnings today. The SEC just passed the 201 uptick rule for short sale restriction on the stock, further diminishing the supply of borrowed stock, as demand rockets. We expect the stock to rise a bit higher intraday and then to fall heavily downwards after profit-taking in the aftermarkets today. The long-term trend still indicates further upside however.
Tyson technical/fundamental bull analysisFundamental analysis
With all the hype around Beyond Meat meatless burgers. Tyson (TSN) who is a now official competitor on this semi-new (not only for vegetarian) market could be a gainer.
Technical analysis
RSI @48 trending higher (could be stronger)
OBV confirming at all time high
We made a head and shoulders (shown on chart), with a positive uptrend on the support level.
Price target as well as stop-loss limit are drawn in the chart.
Happy trading!
dorfmanmaster
Beyond Meat: Discount. Quick long opportunity.One of the hottest stock this month at the market is Beyond Meat, which after an initial 1H Channel Up, skyrocketed to 186.00 before heavy speculators took the initial profits yesterday, making the price decline. 1H is approaching the neckline (120.90) of Head. This creates ideal short term buy conditions for a 150.00 target. The MA50 should provide support but can be also marginally breached. In this case the target should be set even higher (170.00).
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Beyond meat short sellers are going to have to learn to codeShorting was already super expensive. But now, now that the company had their first quaterly earnings release since IPO, the thing is taking off.
Sales rose 215% and are expected to grow tremendously in the future. Now I do not know how it works, but the company is not profitable.
Earnings are something like -1$ per share or so. A growth stock. If they sell way more then they will be profitable?
Maybe they have some flat costs that kill their revenue now but they wo'nt have these costs later on?
I am just interested in following this story and added this stock to my watchlist.
Going to explode.
I hope short sellers had options hedging them or something :D
Maybe we see an absolute explosion in share price followed by a short squeeze and an absolute explosion. Again.
BUT I think with the shorting prices being so high and the shares being almost entirely held by insiders and retail investors (that do not lend shares for shorting because they are noobs & morons), there are very few bears in this market.
Also... if most longs are full noobs/imbeciles... Looks like potentially a massive bubble ahead.
With painfully obvious phases. And just keeps going up. And bounces on the way down "this was the bottom" and obvious stop loss levels.
Looks like something we could call inefficient.
Dumb money that make decisions out of greed and "beating wall street" and "showing to the man" (whatever that means).
Downside should be limited if most people involved are retail baggies? Right? I am not an expert on this tbh.
Should be a super easy one, easy edge just get in and be the first to get out once it stops going up, retail baggies won't be running for the exits, np.
Another point for education purpose, best not to short sell hype stocks dominated by retail until there is a big complacency? Seems to make sense...
This feels like looking at penny stock trading which is literally taking advantage of moron baggies that FOMO and not having the pros competition (since stocks are too small for the pros).
When I look at noob stocks, I never see them gap down 20% like Facebook did a while ago. They do gap up, alot. But I never saw one gap down.
But as I said I am not experimented with this.
What they do though, is they consolidate for a really long time. Looking at Robinhood top hold here:
Actually Bitcoin is the same. 0 institutional interest, they all think it is a ponzi scheme, full inexperienced retail and just bagH0DL all the time.
Super boring, but once in a while it gets to a support and every time "this was the bottom". Once could make a strategy hunting stocks that are mainly
held by unsophisticated retail investors and buying at supports before big rallies, or even simply FOMO buying... (the edge and the difference being of course the experience trader knows when to get out).
I saw somewhere that Activision was a retail favorite.
Idk this could be interesting... to be more diversified in the future.
I probably just stick to currencies commodities and trade bigger and bigger eventually just use options to protect myself.
And stocks just for investing in solid both growth & value companies.
Like a one trick pony. 2 trick pony. Focussing on what I am good at, huge markets I don't need more.
Modern portfolio theory sucks. I rather find rare perls and make big one sided bets.
Overbought overreaction: short BYND 138c June 14BYND reported earnings with a wider loss in the first quarter of 2019 due to higher costs and expenses, but outstanding guidance for next year. Even bullish analysts have set price targets below the current market price of $135. JPMorgan is overweight with a $120 price target, Bernstein rates outperform with a $107 price target, Credit Suisse sets a price target of $125, Goldman set a target of $76 and BoA Merrill Lynch sets a price target of $101. Competition is also increasing in the already-crowded space. Nestle announced earlier this week that they will launch a plant-based burger, dubbed "the Awesome Burger." Burger King in in the process of adding the Impossible Foods burger nationwide and Tyson Foods is creating a plant-based protein that is mirrors Beyond's offerings.
Beyond Meat is only one brand in a very competitive space. This huge jump of over 35% after reporting more losses, yet a "positive outlook" despite increasing vehement competition is an overreaction. The RSI indicators show a reading of a whopping 81, indicating that BYND stock is extremely overbought. BYND is also trading outside of the bollingers, making it fit for mean reversion. The MACD indicator also shows that the momentum is waning. The Parabolic Stop and Reverse indicator is now above the candles, indicating a bearish movement to come. We are thus shorting the 138 calls with June 14th expiry (next Friday). This benefits from the expensive contract prices because of high implied volatility, and the near-term expiry thus allows us to collect theta premium.
Beyond Meat: where does the story end ? or begin?I saw a post about a beyond meat chart floading around here and i wondered myself: where can bynd go, will it go anywhere? will it be a "bull" riding up until, where ? 100USD ? or will the bears kill it, not so vegan any longer, and drop down or stay in this position?
only time will tell, i made a super fast chart idea with some green and red lines showing possible areas of the course of BYN:USD following the massive increase from the opening of the stock nearly 3 weeks ago. this graphs background is the idea of an increasing price of BYND stacks.
this is not financial or trading advise, this is an opinion , maybe even a crappy one, only time will tell.