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BYND 24 Million Shorts to squeeze Watch for a breakout to new highs Watch for a squeeze like we saw with NVAX CVNA SERV
BYND 24 Million Shares sold Short VS Volume of 700k take 34 Days to Cover... Earnings today
Yeah i understand - good luck to you. I am waiting.
Yea. I don’t care to stick around to see what the “restructuring” will do to retail share holders. Been there, done that, no thanks. Oh well, you roll the dice.
Glad I have not had the opportunity to buy. Ugly.
AH spanking. Crazy low wick, into the 3’s
I took notice of this at the NRA show (National Restaurant Show) in Chicago. I still have a couple 1000 shares to get to my target in my other holding but once their I will turn my attention to here. This looks like a great long term play and that is what I am after.
Good Luck to you!
Didn’t ignite just yet, but will keep averaging down in $2 increments until I’ve had my fill. I think this situation has a lot of eyes on it now.
$BYND
Grabbed some 9’s premarket. Let’s see if this catches fire, 40%+ short fuel avaibale here.
$BYND
The recent PR states that it will take them 10 consecutive days to cover.
Thanks, somehow this moved off my 1st page.
Thanks
X
Hello. Bottom or lower Tuesday. !!????????
Shorts just covered 79k Pre Market The price is up 45 cents.
Only 23,200,000 shares to go that is 2,936 of those 79k covers wait what would happen if we multiplied 2936 x .45 = that is $1321 per share, lets say that I'm off by a factor of 10 that is $132 + 11 bucks or $143.
If I'm off by a factor of 100 $13 per share plus $11 = $24
Interesting, there is no way to tell how high or how long this will play out but at 338% Interest if it lasts 3 months and a small short had $10k invested Broker Loaned them $10k Lets say they shorted this at $7
$20k realized after the shorts sold 2,857 shares at $7
that $20k is costing them $67,600 per year or $185 per day or $5,556 per month, remember that they only invested $10k.
OK so lets say that they are able to cover at $11 2857 x $11 = $31,427 but they only have $20k ($10k original investment plus $10k the broker loaned them) So they loose $21,427 Plus $5,556 per month in interest for that 3 month play ($16,668).
$21,427 + $16668 = $38,095
Not exactly for the faint of heart.
X Hopefully they hedged that bet with options but I only used $11 which is proly where many protected themselves via a call option.
As options strategies go, shorting the stock and buying the call is very straightforward. One starts with shorting a stock in the usual manner. However, the investor also purchases a call option at the same time. The call gives the investor the right to buy the stock at a certain price during a specific time period.
The shorts just sold 20k back so it stands at 59k returned this morning up 25 cents
45 Cents on 79k
25 cents on 59k
Pretty much the same ratio.
X
I thought the same thing when I read the K then I looked at the short situation. Sounds like the media is reporting jump as allignig costs. AI does make it easier to see what is going on.
Curious, how much are you paying in interest on your short position?
I see 200k available at 338%
So $100k short works out to $338,000 annual or $6,500 per week.
38% 0f the free float is shorted.
X Interesting to watch.
This is ready to go where it belongs. Back to the garbage can. They lose 6 dollars per share and have no cash on hand and their products are not growing. With their prices going up and Real meat coming down, what do you think is going to happen. Come on. !?!?!
Oh I butchered a female, broke its neck, easy enough, I did it like a man until, can you say cutting around a vulva, not balls n a penis, dang those eggs inside were almost fully developed had blood veins all around them. Big as an ostrich egg. And they splash when thrown in the entrails pan.
X don't lie for money.
Emmu is good. Just saying most won't go through the trouble, blood up to your elbows. She was quite tasty, emmu, n egg breakfast.
I love meat but until they find a cure for the alpha gale syndrome as some have no choice. There are thousands that can not. I love to hear your comment once you choose an alternative to dying tonight if you ate meat or eating something else. It only took me 2 years to beat it but if I ate it even once it would add 1 year of no meat. I remember sitting on the bench outside the hospital hands swelled up like a baseball glove telling them I'll sit out front if I fall over give me a $1,200 eppi pen, not an overdose from fentinal. No bacon bits even on salad, sucks. I even butched an emmu to get bird meat. As info there were 3 people in the state that had it when I got it, now there are thousands.
Good luck.
X
Timber. This is going down. This is America we eat meat in this country. USA. USA. Beyond Meat is for the left wing communists. Meat eat. Cheers. This stock is going down.
So now 15:30 the shorts gave back all that they had covered today and dug deeper and shorted 58k more the problem for them is that it is still up 13% still quite a haircut from their comfy position a couple day ago.
X yawn, I'll bet they work it down to about 10%. Still nuffin to sneaze at.
Shorts threw back 36k of those shares in but it is still up 13% on the day
Now showing the shorts returned 92k on the day and price is up Bigly.
How long can they continue with the interest payments? Let me demonstrate how this works. Study it, learn it and understand it.
3 Months ago, November 30th Short interest was 28 Million and the Price was $7 (and even lower lower prior to that), and the interest rate was 85%.
Let's say that someone took $50k of their own money and the Broker loaned them $50k with that 100k in hand they borrowed and sold $100k at $7 = 14,285 Shares
Interest at the time on that $100k was 85% = $85k per year or $232 per day 90 days they have a minimum of $20k in interest already paid.
Fast forward to today if they were to return those 14,285 shares that they borrowed and sold at $7.00 at $11.00 it would cost them $157,135 and the interest rate on that money is now 300% or $471,405 per year which is $1,291 Per Day, $9,037 per day $36k per month.
Not only that but if they returned those shares today they would owe the Broker $157,135 minus the $100k they started with. So not only do they loose the entire $50k plus an additional $57k that they started with plus $1,200 per day oh and that $20k they already paid in interest,
Their broker will be calling them and if they do not come up with the margin amount the Broker will buy at market then liquidate anything else in that account because it is the broker that is on the hook.
I'll bet they double down this afternoon to drop the price a little to help with that interest fee, by that I mean short more today (if they can find them.)
X Make sense?
Shorts returned 128k of the 23.3 million shares up 10%.
That is 182 days of 10% price rise.
The shorts need to come up with a plan B.
Let's say that you homes mortgage is $400k to and tomorrow the mortgage is $440k.
The mortgage rate 3 months ago was 84% now its 300%.
That is what they are facing
So far today the shorts have only returned 15k of the 23 Million Shares Borrowed at 400% interest up 70 Cents or 6%. If they return 100k per day it will take them 230 Days and there are only 200 trading days in a year.
X Carrying costs are a double edge sword on a squeeze.
Fun to watch.
Think about that Up 6% only returning 15k shares with 23 Million to go! They can hold it down until they can't, every share they borrow to short cost them 400% interest.
Showing 23.3 million short so the shorts threw down 300k shorts today.
AI is cool. T+2 those shares won't show up for a month. Today is the day before Finra data T+2 is March 1st so today's shorts miss tomorrow's cut off.
X
BEYOND MEAT = CHEWING ON TUMORS!!!!!!
YES, THAT'S RIGHT!!!!!!!!!
STEP RIGHT UP AND HAVE A CANCER BURGER!!!!!!!
I bought this stock because I was bitten by a lonestar tick, and if I ate meat, I would die. It is called alpha gal syndrome, which lasted 2 years for me. One night, you wake up with hives, so you need to think fast and eat benadryl or get a hit from an Epi pen, or you may die. They are more and more prevalent from Maine to Texas. There were only 3 cases in the state where I live when I was bitten, now there are hundreds.
Today, folks, there may be a possible short squeeze at BYND today. There are
23 million shares short (37%) cost to borrow is about 300%.
The reason that I post this is so investors can watch a Possible Short Squeeze in action. They push up very fast sometimes for no reason, and if the shares are not available, they need to pay more and more. This triggers margin calls, brokers buy at the ask. Understand that a short squeeze not only affects a short position in BYND but anything of value in their portfolio.
We may get to see one play out here today. No guarantees because the shorts may short into that as fast as they can, but I don't see enough shares available to borrow help them, so they may go naked, Let's see.
X is always better to watch from the beginning.
WHAT A SICK JOKE..... WHO ON EARTH EATS THIS PUKE???????
WALL STREET IS BEYOND DEMENTED TO PUMP UP THIS VOMIT STOCK!!!!!!!!!!!
ARTIFICIAL MEAT CAUSES CANCER!!!!!!!!!!
You fell into the fake meat trap, and lost your money thinking it was such a good idea. Vegans are lost and so are the clowns that bought the pump
A recently filed securities fraud class action alleges that Beyond Meat (NASDAQ: BYND), through certain officers and directors, made material misrepresentations and omissions concerning the Company’s ability to produce plant-based meats at scale to the specifications of its key customers, who the Company refers to as “partners.”
It is alleged that Beyond Meat misled investors by boasting about the success of its product tests with its large-scale partnerships, including prominent food retailers like McDonalds, Starbucks, KFC, Pizza Hut, and Taco Bell. Beyond Meat assured investors and partners that it would “ensure manufacturability” through “extensive testing,” and that it was capable of manufacturing the unique plant-based meat products at commercial scale. Further, Beyond Meat blamed any delays in launching these large-scale partnerships on Covid-19.
Certain Beyond Meat executives profited enormously from this scheme by selling hundreds of thousands of shares of their personally held Company stock at artificially inflated prices during the Class Period. For instance, Defendant Nelson sold 440,000 shares of Beyond Meat stock during the Class Period for over $58.3 million in proceeds.
The truth began to emerge on October 22, 2021, when Beyond Meat announced that the Company was reducing its third quarter net revenues outlook by up to $34 million, or 25%. As part of the announcement, Beyond Meat also revealed that the Company’s expenses and inventories were continuing to rise. As a result of these disclosures, the price of Beyond Meat stock declined by $12.82 per share, or nearly 12%, from $108.62 per share to $95.80 per share.
Then, on November 10, 2021, Beyond Meat announced a $1.8 million write-off of unsold inventory. As a result of this disclosure, the price of Beyond Meat stock declined by $12.55 per share, or nearly 13%, from $94.48 per share to $81.93 per share.
However, Beyond Meat continued to assure investors of the success of its partnerships. For example, on November 10, 2021, Defendant Brown claimed that the Company “overcame numerous technical challenges” and blamed its poor financial results on the Covid-19 pandemic.
Then, on November 17, 2021, an article was published in Bloomberg highlighting the delays in production and execution challenges Beyond Meat was facing. Former employees reported that there were “significant internal problems” stemming from “confusion and misalignment . . . [and] belated decision-making” that corresponded with exacerbated production delays. As a result of these disclosures, the price of Beyond Meat stock declined by $3.01 per share, or more than 3.5%, from $83.48 per share to $80.97 per share.
On December 9, 2021, after the market closed, multiple media sources reported that Taco Bell had cancelled a planned product test due to ongoing quality concerns. As a result of these disclosures, the price of Beyond Meat stock declined by $5.58 per share, or nearly 8%, from $70.09 per share to $64.51 per share.
On October 14, 2022, Beyond Meat announced the departure of several top executives, including the Company’s Chief Operating Officer, Chief Growth Officer, and Chief Financial Officer. As a result of these disclosures, the price of Beyond Meat stock declined by $1.43 per share, or over 9.6%, from $14.78 per share to $13.35 per share.
As a result of Defendants’ wrongful acts and omissions, and the resulting decline in the market value of Beyond Meat’s stock, Plaintiff and other Class members have suffered significant losses and damages.
https://grabarlaw.com/the-latest/beyond-meat-shareholder-investigation/