Jump to content
Sign in to follow this  

Beyond Meat BYND IPO

Recommended Posts

So the trend is finally weakening for Beyond Meat!

It was a matter of time. 

It is trading below its 20, 50 and 100 DMA. For me this is a short as the company is loss making and the valuation is absurd on any metric. 

1022924042_BeyondMeatInc_20191014_20_01.png.b4f92a50448ffc2a89af57851ca0765f.png

What a surprise that this is not available for shorting on IG's platform via UK Spread Betting. This is one example of how the odds are stacked against the trader and in favour of the broker. The trader cannot trade 'long' or 'short' when it chooses to do so. It can only do so if IG make that particular function available at a given time and if it does not then that option is not available for the retail trader using their platform. 

Share this post


Link to post
17 hours ago, TrendFollower said:

This is one example of how the odds are stacked against the trader and in favour of the broker. 

No, it isn't. 

Whilst it's known that trading on the worlds global financial markets can be tough and has risks, I must reassure you that your thoughts on our business model is incorrect. This has been discussed a number of times, however I'll copy and paste for the sake of the convenience.

Our business model is based on providing individuals with the opportunity to trade the world’s financial markets, in exchange for fair and proportionate transaction fees. However, we do not typically benefit from trading losses that an unsuccessful client may experience. We do not have a view on the direction of the market, and it is entirely in our interest for your trade to be executed correctly based on the instructions you provided. There is absolutely no benefit what-so-ever to IG having a stock available on the platform which you can't trade on. 

As we earn revenue from you trading, we want you to trade, not lose. You can read more about that here, https://www.ig.com/uk/how-does-ig-make-money or watch a video (which we're looking to update) here:

As a financially regulated company which is listed on the LSE, this methodology is supported by our quarterly and annual results, and our latest Investors Relation presentation which may be of interest.

If you'd like to discuss this in more detail, I'd suggest you give us a call. 

  • Like 1

Share this post


Link to post

Beyond meat IPO lock up period ends 29th Oct
should be of interest. 9,625,000 at offer price of 25 USD coming back online.

spicy.

 

  • Like 1

Share this post


Link to post

@JamesIG,

I am not questioning IG’s business practices. I am stating that IG’s client is not able to short Beyond Meat. This means they can only trade it on the long side. Now if the trend reverses on this particular share and the trader cannot short it on IG’s platform then the odds are stacked against the trader from potentially profiting from a move downwards. The probability and odds decline for the trader. 

Ok so this may not be in the favour of IG based on your answer so I apologise and take that back I still stand the odds being against the trader for this specific stock should the price decline and IG do not offer the client the option of shorting it. If I have misunderstood anything then please accept my apologies or if  you could explain how the odds would not decline for the trader in this example.

Share this post


Link to post

Now look at the drop in volume as the trend begins to weaken and the price starts showing potential to decline on the 'daily'. 

770261675_BeyondMeatInc_20191016_07_03.png.6590c245bb27200f0123aac3bad56081.png

Another potential warning signal that after this consolidation period the price could decline. Of course if there is positive spin, sorry I meant positive news then the could make another move upwards. This is one the cards but it will be all down to how many buyers are left. 

Based on price action and now volume and I think the chances of the price declining are more likely. 

Share this post


Link to post

 Not much you can do ( no shorts! ) but wait

Capture bynd.PNG

Share this post


Link to post

Price is declining. Trend is changing. 

827146569_BeyondMeatInc_20191023_19_37.png.7b4d6a402c4386c13cabe2b9920ff0aa.png

You cannot sell this market to open is still IG's mantra.

There is little doubt that Beyond Meat attracted speculative capital. There is no doubt that Beyond Meat's valuation was absurd on any metric. I would like someone to convince me otherwise. I mean it is a loss making company which is not any closer to profitability yet the valuation was insane. 

Just imagine if Beyond Meat could be shorted! What do you think would happen to the price? Hmmmm!

 

 

Share this post


Link to post

So Beyond Meat posts its first quarterly profit. Will that be enough to stop the downward pressure the stock has faced recently?

I guess by following the price action we are about to find out. Some may sell based on this positive news. 

Share this post


Link to post

I knew this was going to happen. A 'Slow Death' where the share price goes down slowly and gradually but down it goes as investors take their profits, stop losses are triggered and those who are able to short it. Of course UK IG clients cannot short this so this opportunity is not available to us. 

1990718063_BeyondMeatInc_20191108_05_16.thumb.png.802af746cad01b087a492d6a4148894d.png

The price is clearly trading below the 'Parabolic SAR' as you can see above.

It is now signalling oversold conditions based on the 'RSI' as you can see below which is under 30. This I would except on a downtrending stock. 

1519566819_BeyondMeatInc_20191108_05_19.thumb.png.78a63bd0ef611023b65b1aebc40eff58.png

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,780
    • Total Posts
      40,622
    • Total Members
      50,993
    Newest Member
    Ritufx
    Joined 22/11/19 02:57
  • Posts

    • Well Bitcoin broke $8k and is currently around the $7.5k price area. It is not looking good at all.  It seems my $6.3k - $6.6k price area which I think could be the bottom or this specific downward move looks more likely now. I mentioned this price area on Monday (a few posts above) and now I think unless there is some serious buying or spectacular news followed by some serious pumping and short covering then Bitcoin is heading towards this price zone. 
    • There are many different ways to trade and applying or adopting trend following principles is merely just one such way. Trading more frequently does not guarantee any more success but it can increase the chances of making more losses if you do not have a robust trading system that is based on a sound trading plan. Trend following does not have to involve regular or frequent trading. That is the beauty of it. You can merely wait until you identify a trend which you wish to trade. Of course they will not all be successful as the trend could reverse sharply against you, it could be a false trend (looks like a trend but not) or simply the volatility could stop you out.  Day trading really is for full time traders in my personal opinion unless you have an expensive automated system which has been tested rigorously or you are an exceptional trader which can consistently make profits on most days without gambling, hoping or relying on luck.  Trend following suits me based on the time I have available to trade. I accept it is not for everyone but I believe all trading includes an element of trend following. Just how much depends on your trading style and methodologies adopted. 
    • The 20, 50 and 100 DMA curves on the 'daily' timeframe are sloping upwards which is extremely bullish and this trend has been very nice indeed.  When I talk about 'Strongest Trending Assets' in my other threads then I am suggesting those that a lot of traders do not spot but they exist and are available not only to trade on IG's platform but one must be able to spot and identify them. 
×
×