Beyond (BYON) Probably Goes to $15
On July 1st, we called Beyond (BYON) very high risk but predicted a bounce to $8-$10. Where does it go from here? Probably to $15 per share.
What Marcus Lemonis said this weekend changes everything.
Their e-commerce business is losing money. We don't know enough about it to determine if Marcus Lemonis successfully turns it around and makes it profitable.
We like BYON specifically for tZERO, and if tZERO goes public on the NYSE as a new publicly traded company it is likely to be worth billions.
BYON releases earnings (another loss is likely) after the close on July 28th so it is likely to rally for a week, followed by a post earnings dip, and then a larger rally. Don't buy call options unless it makes a very large dip post earnings.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.