Dec. 3 at 8:20 PM
$BYND We are winning with this healthy chart set up and clean balance sheet. My game plan for any news: this will gap up at least to
$2.69, the 200 day. Higher than that could see a retest there for a continuation. Same for when the shorts are forced to cover from the expired FTDs, only not as big a gap probably. Otherwise just let it keep squeezing organically like it did Monday with no catalyst. Ass we get closer to a rate cut, this will ride with the overall market, especially not that our converted debt now has interest, whereas the previous loan was 0% and thus not rate sensitive. Today's bad job data raised the likelihood of that from 88% to nearly %100. The market hasn't realized that enormous impact of this yet, but it surely will. Refinancing. 1 billion loan at a lower rate is a very big deal. Remember what happened to
$OPEN when we got closer to rate cut and the housing
$NAIL and
$ROKT mortgage stocks popped?