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!
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!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.