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.
I like shorting stuff, but there’s one item I wouldn’t short with a ten-foot pole made entirely of tofu, and that is Beyond Meat:
Let’s see what we have here:
- A stock at lifetime highs;
- Not only that, it is poised to break out above its saucer;
- About 45% of the entire float is short;
- The borrow rate is about 150%
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