On Tuesday I upped my stake in Beyond Meat. On the Monday night I had an "Okay, I'm in" moment. The stars began to align and I just felt it ticked enough boxes. So I took my number of shares from 502 to 1,313.
According to my eToro account the stock now accounts for 6% of my portfolio, but 60% of my risk, lol.
Since then the stock has actually went up a decent amount. Though it's still under a dollar per share as I type.
I'm liking the look of things, so I'm starting to feel optimistic for the long term. The only worry really is that there are quite a lot of vegan and vegetarian products on the market. In UK supermarkets Beyond is one of many products on the shelves, and there are plenty of supermarket own brand type variations.
It takes me back to that very first post I made on this topic, where I was thinking about how to get ownership of the winning product(s) through buy-outs, etc.
Either way, I'm loaded up for the long term now. So it's sit back and watch I guess.
(The AI made this image. The prompt was: A food garden stock market chart with a green arrow going up, by Lucas Cranach the Elder and Jackson Pollock
It has a charm. I quite like it.)
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