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Re: bar1080 post# 823

Friday, 08/02/2019 8:31:42 AM

Friday, August 02, 2019 8:31:42 AM

Post# of 2636
I completely agree here:

I wouldn't buy BYND for the reason Buffett/Mungar never buy IPOs: Early hype tends to ignore reality. IPOs and early stage businesses are generally bad investments.



I wouldn't consider owning the shares currently but, I have been shorting puts here because of the volatility you can sell premium 50 strikes out of the money making them have a 90% probability of making money and I have been doing just that.


In a year or two from now would be when I would consider ownership once they prove themselves. There were some serious VC investors here before this became public so I would say that shows conviction.


Time will tell


Cheers

---The Happy Trader

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