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Tim Covers A Short

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Well, Beyond Meat is bouncing (figuratively and, I suspect, literally) but my view is that the uptrend is broken. I suspect we’ve seen an important peak. I still wouldn’t touch it with a ten-foot pole made entirely of tofu.

I covered my McDermott short for over a 40% profit. I’ll probably regret it as another hasty decision.

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