LogFAQs > #954395106

Nanis23 posted...

I looked at BYND when it was 102 a few days ago and wanted to get in
But I realized there must be a reason for it - the earnings sucked. There is more competition than ever. This company is no longer special.
So I decided against
Whoops

Anyway looks like most meme stocks reached a very strong wall and are now dipping

Impossible and Tyson and others are making it hard to like the stock, I agree. On the plus side though, they are expanding product lines and going to other markets. I believe they're doing meatless chicken in China for KFC, some more products in Walmart in the US, and some other cool stuff.

But with the talk of an IPO for Impossible, it's not exactly a safe stock. I'm probably going to sell some of my position while it's still elevated due to hype, even though it would still be a heavy loss for me.

greengravy294 posted...

Honestly with this trend I think the actual smart idea is to wait a few weeks when shit dies down and buy back in low and wait for the next surge. Then just sell off. If there's one thing I know it's that internet people are persistent. Meme stocks aren't going away. At least in the short term.

This strategy has worked for me with AMC. That's why I've been a serious investor in it since February, in small amounts due to the risk. I only wish I bought more.

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<D