BEYOND MEAT IS MORE LIKE TILRAY AND LESS LIKE TESLA $BYND $TLRY $TSLA $MCD
Beyond Meat’s stock is flying high. And I have been getting more emails on this stock than any other. A good way to think about this stock is to ask the question: “Is Beyond Meat like Tilray or Tesla?”
Let’s explore the answer with the help of a chart.
The chart
Please click here for an annotated chart of Tilray TLRY. Tilray was the favorite stock of the momo (momentum) crowd, just like Beyond Meat BYND is now. Please note the following:
• The chart shows that Tilray’s stock experienced a massive short squeeze after the IPO. Algorithms at The Arora Report show that the majority of the rise in Beyond Meat’s stock is due to a short squeeze, just like Tilray.… Please click here or the title below to read more.
July 30, 2019