$BYND:NASDAQ - BEYOND MEAT INC - Plant Based Meat Alternatives

Have been watching all the vegetarianism / vegan movements building momentum on Youtube for the last couple of years and got a chance to try a Beyond Meat Burger a couple of days ago at a local burger restaurant and I liked it. Beyond Meat has been getting a lot of press attention after its launch and while I don't know if they will be the long term winner, they do seem to have first market mover momentum at the moment on the stock market. I do think there will be more and more meat alternatives coming through especially with all the hype from the various heart associations versus red meat and limiting its consumption. Salads inside McDonalds have never done much, but I could imagine them and others coming out with meat alternative type burgers that could get a good following as way for people to feel better about their consumption habits as well as the whole eat less meat save the planet mantra.

From a TA point of view I don't like buying new listings on the float as you never know which way they are going to go, but now that BYND has had a bit of a pullback of its hyped-highs and some volume seems to be rebuilding I thought I'd take a punt. Up around 9% on my buy already which is nice. As always do your own research. Will be interesting to see how popular this whole industry gets. Stops are in at a 10% trail which will get moved to 15% when I'm up 15% and will stay there until it sells.

Comment:

Nice little push yesterday past its opening all time high. Put me up close to 30% before it fell away a bit. Hopefully it will rally and continue upwards. Been a good little runner so far and the whole vegan / vegetarian trend is still going strong.