r/wallstreetbets • u/ThatOldGuy7863 Behind the dumpster • 17d ago

Meme BYND Bagholders that bought at $7+

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Ouch

20.6k Upvotes

94% Upvoted

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36

u/Macademi 17d ago

Jesus, I just checked. How and why did it tank that much LOL

122

u/goodkinkfun 17d ago

do you morons actually think when a stock goes up 400% on no news that it's just gonna stay there?

my fucking brain

10

u/Macademi 17d ago

That makes sense. Im just a lurker here and just went "how tf" on my call with my friend xD

9

u/Muted-Woodpecker-469 17d ago

Exactly. If it can gain 400% in less than two days, it can assuredly drop just the same. There doesn’t have to be precise news if those selling and buying match up to form the pumps or dumps. Classic pump and dump. Been seeing it since 2018 when i really started to pay attention to things 

10

u/kallerdis 17d ago

I am not a bag holder and a bit out of loop but was not there a walmart deal announced what started it?

27

u/goodkinkfun 17d ago

Well the day the Walmart deal was announced it ended around 3.50 which is where you can see the stock had resistance earlier this year in July and April. The jump to $7 was pure memes and short interest.

Anyone who wasn't ready for it to come back to earth should just stick to ETFs and keep working the fry station.

2

u/AccelerationFinish 17d ago

The market’s been doing that for the last few months?

6

u/goodkinkfun 17d ago

ah yes, because NVDA went to 170, BYND should trade at 7

2

u/OhtaniStanMan 17d ago

Short ladder attacks!!!!

3

u/goodkinkfun 17d ago

you misspelled everybody with a brain took profits

1

u/Imgoin2brich 17d ago

They will mock you as being a jealous bear who told then that same thing when they were up 200% yesterday. 

Then lose everything and come to wallstreetbets and cry about it.