Every Monday at 10 a.m., I have a call with one of Money Map Press' "founding fathers", Bill Patalon. He's also a great stock picker and editor of Private Briefing. We talk about markets and business and some personal stuff, too.
This week I was one minute late dialing the number. Because I was watching something crazy unfold on my trading screen.
Beyond Meat (BYND) had just gapped up to open and then taken off, eventually jumping an additional 10% in just 5 minutes. By 10 a.m. sharp, the initial $10 pullback had already happened.
Since Bill and I have worked together for many years, we usually exchange some pleasantries and get caught up on the personal side of things before we jump into market or business topics.
When he answered with a nice "Hello", I responded back immediately with a curt nine-word sentence:
"If you own any Beyond Meat, sell it now."