To Infinity and Beyond ..Meat

The cow jumped over the moon.

Well, so much for the red-faced Beyond Meat losses. Something's happened. I'm not entirely sure what. There's a short squeeze. It's a meme stock now. There's been an announcement about increased distribution with Walmart. It all seems quite convenient, but I'll pretend I haven't noticed that.

Yesterday (Monday) the stock was up over 100%. Now, today, it's up a whopping 146%.

Earlier I took some profits - I don't like to look a gift horse in the mouth. However, I'm going to continue to hold most of my stock. Overall, (including the profits taken), I'm up over $300. That's after being down over $400 just five days ago.

It's very interesting to watch ..and fun. I've accidentally ended up being involved in a meme stock moment.

I'm not quite sure where things go from here. My instinctive feeling is that this all represents (a somewhat orchestrated) turn around for the company. However, it could of course be some kind of pump and dump, where retail investors (regular folk) are encouraged to buy in for fear of missing out. Naturally, even if it is a turn around, there'll be a bit of both to some extent.

I've been watching videos about the short-selling. I'm not really one for pointing at candles on graphs, so the technical analysis is interesting, but secondary to me. I understand short-selling in theory, in the abstract, but the actual ins and outs of how it works - the who does what and when - isn't something I'm directly familiar with. So I hear this stuff, see the general numbers, but have little confidence I know what it all means in a practical sense. I get that if you've borrowed something, sold it, and now have to buy it back, you might be a bit f*cked if the price starts rising ..but how these big players actually do all that in reality, like, I don't know.

And I'd be a fool to think I do. So I'll just watch and learn. Getting a little semi-education via osmosis.

So, I've had a bit of luck, took a little profit, and now I can enjoy the ride a bit more comfortably. Though maybe it'll be the animals that get the real luck in the long term. Still, it's difficult to say. Clearly a lot can change in a few days.

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Oh, and it's perhaps worth adding, that the gold and silver miners (the ones that have helped fund my Beyond Meat excursion) were hugely down today. As were gold and silver in general. So it really is swings and roundabouts.