This was the hottest IPO of 2019. Statistically it was totally out of the line with others. But it happened and I'm glad that I was in it
The company is fine and the product is great.
But the revenue and the growth pace need to find balance with the market value of the company.
As soon as greed ends and we move to lock up period end BYND should correct somehow.
The 3 month lock up period is on 2 August,
The 6 month lock up period is on 2 November.
Earnings support and Volume support holds near ~ $100. This will eventually revisit.
Selling short overnight price is around 300%/year , as soon as it settles - we will have the meltdown.
The company is fine and the product is great.
But the revenue and the growth pace need to find balance with the market value of the company.
As soon as greed ends and we move to lock up period end BYND should correct somehow.
The 3 month lock up period is on 2 August,
The 6 month lock up period is on 2 November.
Earnings support and Volume support holds near ~ $100. This will eventually revisit.
Selling short overnight price is around 300%/year , as soon as it settles - we will have the meltdown.
Comment:
Now beyond 150 , hehe
Comment:
Lets give it a second try.
Lets give it a second try.
Comment:
Beyond is truly the new TLRY! 235 today on Post market. Near the 14B valuation.. with earning report coming on 29/07.
The report should show doubling in revenue, partners, lowering the cost of production, reporting of new products.
If any weak point is shown - that might be not so bullish.
The report should show doubling in revenue, partners, lowering the cost of production, reporting of new products.
If any weak point is shown - that might be not so bullish.
Comment:
As we approach 180 day lock up ending period on 29 October we do see sell off. Which will also continue for some period.