BYND has been TTI's best short. Ever.
Shorted since close to USD240, 3 out of 4 short estimates have hit, with the 4th likely to hit tonight or sometime this week.
Heres a 5th and final short.
Company reported stellar quarterly results, and a profitable quarter for the 1st time ever.
Unfortunately, it just shows how crazy the hype was.
At EPS of 6cents, even if I generously assume company grows earnings at a 100% clip EVERY QUARTER, we'd still have EPS of 90cents for the full yr, giving BYND a valuation of PE 117x!
As Ive written before, this is the modern day tulip.
Many ppl have been burnt, more will be.
Covering my direct shorts tonight, but still shorting in the form of naked calls.
Lock up expiry starts tonight.
I dont believe the major SHs, many of which are funds who can only collect fees after locking in their profits, wont be inching to sell out.
The exit doors pretty crowded.
Crazy hyped up situations like these, are the best time to make big profits, whichever way it goes.