$200 something million in expect annual revenue for a $10 billion or close to it market cap. They need to grow a lot to back up that cap.
Boiler Room: The Official Stock Market Discussion
I don't know why I'm not getting notifications for this thread.
BYND is a stock I have a bit FOMO on because I knew about it a bit but didn't research it intensely. Oh well.
I bought some more FB stock. Still bullish on it and one of my largest positions.
BYND is a stock I have a bit FOMO on because I knew about it a bit but didn't research it intensely. Oh well.
I bought some more FB stock. Still bullish on it and one of my largest positions.
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It's not worth it. Stay away.So tempted to short BYND. Looking at Aug 16th 100 dollar Put, cost is between 11 and 12 right now
Y'all may want to check out Chewy. An online pet supplier.
Yahoo is now part of Oath
May throw some money at it. It could be another one of those crazy IPOs like Beyond Meat.
Yahoo is now part of Oath
May throw some money at it. It could be another one of those crazy IPOs like Beyond Meat.
Bought 1 contract at 11.80. Less play
Scared money don't make money
The thing about a good investment is you'll usually know it when you see it. When Apple fell to $142 that was a good investment. Was there risk? Yeah but the risk was minimal.
Anybody that looks at Beyond Meat and does the proper research will come to the logical conclusion that it's a bubble that can't keep going at the rate it is without popping. Buying Beyond Meat at these prices is straight up gambling. You could be looking at half a decade or more before that stock is actually worth what it's selling for right now.
I mean it's fine gambling but the time to jump on that ship was right at the IPO. Trying to get on it now is FMO.
I guess you gotta ask yourself are you an investor or are you a trader? Most traders fail miserably. It's much easier to be an investor. I know for sure I'm an investor. I'll play around with a few stocks like Uber but I won't put more than $1000 into it. I've bought and sold Uber a few times but I'm holding the shares I have now for years and won't be selling again. It's a gamble but Uber isn't overvalued like Beyond is right now. If Uber shot up like that I'd dump it quick.
It is absolutely a gamble, but I bought the Put cause like you I think current value is insane. Ive got a month and a half before expiry so we'll see what happens
Wish I would have held my CRSP calls,GMO'ing people is the wave of the future,in fact its already here:respect:
Still not worth it.