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Posted
14 hours ago, scottsins said:


$4.55!

It’s over $7 pre-market.  Holy shit.  Either this thing is going to hit $10 or it’s tanking the minute the market opens.  I have no idea.

Posted
It will probably dip as people take profits but there’s no real obstacle from it going higher. FOMO still happening. 

Hope you’re correct. After close yesterday, we saw a big dip from $4.70ish all the way to just under $3.00. I kinda panicked and sold 1/2 of my shares to recoup my initial investment. Then it just took off and was pushing $8.00 overnight.
Posted

So I unloaded my beyond position for 55% profit. I'll take that.  I should have fucking sold when it opened over $7 but got greedy.  Anyone thinking of buying if this dips low during the afternoon for another potential run up like yesterday?

Posted

Sold 10,900 shares of UURAF at $5 to close that position w/a $17,500 gain.  Still like the stock and will get back in it.  Concern about a potential deal between the US and China with a resumption of REE to the U.S. and the effect on REE stocks in the short term is a concern.  Continue to hold UUUU, but also holding GPHOF, APAAF, & ARSMF…REE penny stocks…as the REE issue must be fixed in the long term, these companies will be beneficiaries of that shift, and these are modest investments I’m letting ride.  The rest of my stonks are EOSE, IBRX, & RVPH.  On November 5th, the Supreme Court begins tackling the legality of Trump’s tariffs. If they rule against the White House, the administration will have to return trillions of  dollars.  That will have a deleterious effect on stocks.

  • Like 2
Posted

I still think it’s going up. I am holding original position but not adding. I think there’s support at 3.00 (and maybe higher now) so it won’t zero out. 

Posted
1 hour ago, MrX said:

I still think it’s going up. I am holding original position but not adding. I think there’s support at 3.00 (and maybe higher now) so it won’t zero out. 

When the euphoria dies, it will go back to being sub $1. Nothing changed about their business, they cant make money, sales have been falling for 3 straight years, and their product still tastes like ass. Bankruptcy concerns caused them to swap debt for equity resulting in the creation of an additional 316M shares.

Quote

The deal created 316M new shares that could be freely traded as of October 16th, moving from "contra CUSIP" to "unrestricted CUSIP" (freely tradeable on exchanges). The result has been improved share supply, lower borrowing costs, and total short interest. Also, because those 316M new shares were created to cancel a net of $905M in debt, the effective "price" of those shares is $2.86. That provides an upper-bound on BYND, where we would expect more selling activity as noteholders surpass breakeven.

You had debt holders looking at a significant loss if BYND went under, and all of the sudden they were given an escape path to breakeven or even profit once the price eclipsed $3. I would love to know how many of those debt holders still even have those shares. My guess most took advantage of their get out of jail free cards, and those 316M newly minted shares are now in the hands of retail investors who will get proper fucked. A share count that is 400% higher and business fundamentals that are still complete shit isnt a recipe for long term price appreciation. The idea of a sustainable short squeeze seems like fiction to me. There might still be the possibility of a gamma squeeze due to the explosion of OI in options, but even that seems sketchy to me. 

Posted
4 hours ago, Harrison Stafford said:

Sold 10,900 shares of UURAF at $5 to close that position w/a $17,500 gain.  Still like the stock and will get back in it.  Concern about a potential deal between the US and China with a resumption of REE to the U.S. and the effect on REE stocks in the short term is a concern.  Continue to hold UUUU, but also holding GPHOF, APAAF, & ARSMF…REE penny stocks…as the REE issue must be fixed in the long term, these companies will be beneficiaries of that shift, and these are modest investments I’m letting ride.  The rest of my stonks are EOSE, IBRX, & RVPH.  On November 5th, the Supreme Court begins tackling the legality of Trump’s tariffs. If they rule against the White House, the administration will have to return trillions of  dollars.  That will have a deleterious effect on stocks.

Very similar on uuraf and the other ree bag holders. Took the profits on uuraf before todays yet again 10% drop. 

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