I stumbled upon this remark by a tastytrade user on a public board last night about the newly-public company Beyond Meat (BYND):
And of course, this morning, I see this headline over on ZH:
See, I don’t think just because you’re don’t like a particular thing means that you should short the company behind it.
For example, I’ve always thought WalMart was the grossest, most disgusting, depressing place in the solar system. In my entire lifetime, I have spent a grand total of 7 minutes in all the WalMarts, and that was out of desperation (the rest of my family, grand total, has spent 0 seconds). But WMT also has made its shareholders literally hundreds of billions of dollars in profits. My opinion has nothing to do with the success or failure of an organization.
And, frankly, I think that prospects for alternate meat companies are, in fact, sensational. As a chartist, not only would I not touch (long OR short) a position with so little data to go on, but frankly, as an IPO, the symbol BYND is doing just fine, thank you very much. So I suspect the chap who made the remark above is going to be feeling the heat on his beyond meat.