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Jay Edward Smith @jaynemesis shared a trade via @jaynemesis
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I think $BYND (Beyond Meat Inc.) is quickly becoming one of my favourite stocks, so much volatility, and some good fundamentals to invest long-term too.
I know their valuation and P/E Ratio is insane, but I entirely understand why it has it, and I also think the company will use the inflated price well to justify more rapid expansion into new territories and products. ... Show More
Jay Edward Smith @jaynemesis closed a $BYND buy position
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... Show More
BYND
Beyond Meat Inc.
24.22%
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Amaurybrg Considering the huge green day it's too soon mate but nice job :) ... Show More
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jaynemesis @Amaurybrg Still one position left. :) ... Show More
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pherelen I'm still wondering why etoro does not allow sell positions on this one yet. Any idea? ... Show More
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jaynemesis @pherelen Perhaps to protect investors? The short squeezes have been insane so far, could easily wipe newbies accounts if they use leverage.
More likely is a lack of liquidity as it's still a very new stock? *shrug* ... Show More
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tricco @jaynemesis liquidity related problems might be the reason ... Show More
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pherelen I guess..? Although, uber was available at the same time on etoro and by now short positions can be opened on it. If they want to protect investors they should not allow sell positions on crypto, THAT seems a very fast way to blow money, even with low leverage or no leverage at all :D ... Show More
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gaspersopi The plant based protein market is poised to grow to abt 12-13b in the next 5-10 years. The market is therefore valuing BYND as if it is capturing 100% of the market, has reached profitability, and has an insane margin north of 80% ... Show More
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tricco @pherelen also they wouldn't have put back leverage on cryptos ... Show More
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Eurostoxx BYNDs short loan fee rate is 100%, this makes it the most expensive stock on the NYSE to short right now ... Show More
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Tamil1 Lol just because of you a made a profit doesn’t make the company a great company ! Watch out pal ... Show More
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jaynemesis @gaspersopi I don't think those market projections are even close to accurate though. I believe it's massively under-estimating the growth of the market. We will see 12-13b of growth in just the next couple of years imo.
I must admit it's not based on much aside from my observations in real life and my own personal transition to a plant based diet. ... Show More
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jaynemesis @Tamil1 My reasons for being bullish long-term have nothing to do with the profit I just closed.
After all, I closed the position, I didn't open it ;). ... Show More
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Tamil1 @jaynemesis I’ll reply to this when the market is ripped to 120 even 100 ... Show More
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jaynemesis @Tamil1 That'd be perfect to give me a new buy signal :D. ... Show More
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Virukk @pherelen Shorts have been enabled at some point - I've had shorts opened in one of my copies, some of which were hugely profitable. ... Show More
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Tamil1 @Virukk I really don’t know why shorts not allowed. It’s down to eToro ... Show More
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Virukk @Tamil1 They are allowed - I'm not sure if they've been suspended, but one of the PIs I'm copying had multiple sell positions of BYND on Wednesday of last week ... Show More
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pherelen ....sell positions can be opened now. I'm... confused ... Show More
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jaynemesis @Virukk Yup, sounds like liquidity problems. ... Show More
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jaynemesis @pherelen Tempting :p ... Show More
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pherelen @jaynemesis I'm not going to pretend I know this stock enough to agree or disagree with you, but you have my money whatever you decide to do :D ... Show More
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pherelen @jaynemesis you really did it, huh? Ok, let's see how it goes :D ... Show More