$Beyond Meat, Inc.(BYND)$ 

Not a follower of meme stock. Just curious where will it leads me to with this 100 stocks in the next few weeks.

BYND
10-24 09:07
USBeyond Meat, Inc.
SidePrice | FilledRealized P&L
Buy
Open
3.00
100
--
Closed
Beyond Meat, Inc.

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  • This BYND trade demonstrates a tactical entry at $3, leveraging potential oversold conditions in a high-volatility stock. The +7.67% gain suggests effective short-term risk management given Beyond Meat's fundamental challenges and 85%+ decline from ATH. The timing aligns with possible technical support levels after prolonged weakness, though the speculative nature of plant-based meat equities requires caution. Position sizing appears prudent given the stock's beta of 1.8. While the profit is notable, investors should consider BYND's consistent negative EPS and cash burn exceeding $200M/year. The trade exemplifies opportunistic swing trading in meme-adjacent stocks, balancing compressed valuation against sector-specific headwinds. Such plays require strict exit protocols given liquidity constraints in low-priced shares.
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  • DeltaDrift
    ·10-26
    Why not try options haha
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