Playboy stock has been sinking for a while. That said the stock has been coiling in the $2 area for a month. I think if it can break through about $2.20 the stock can pop quick to over 3 dollas. If it falls under $1.50 I'll bug out of the trade. It is a small position
Over 6 months, since certain people have talked about PLBY being some kind of amazing play or whatever. I have a rule that if someone's telling people a stock is amazing, that stock won't do well in the short term as MMs and others need the stock to go down and stay down long enough for people's options to expire worthless and for short term stock holding maniacs...
Summary: picking through the garbage to see if any value left for future. bankruptcy or big move in 5-10 years. Rolling short puts into stock for potential change based on new catalyst of joint venture. key concepts: Sizing- Having enough but not too much of an investment idea in a portfolio. Risk/reward- Assigning probabilities to various up and down scenarios....
Lower lows and higher lows, staying between the descending channel levels. Can play long or wait for breakout of the descending channel at top for entry.
Looks like the new Hef got breast! So thats some good news for the ladies right? And Im sure the fellas cant wait for the "centerfold" lol.... Right now we have a triangle forming and we are looking to get a little tighter before the breakout. When its ready Im thinking 47 to 50 should be our target.
PLBY Group to Acquire Social Content Platform Dream for Up to $30 Million, Dream provides creator tools for fan interaction, according to PLBY.
NASDAQ:PLBY Possible Scenario: LONG Evidence: Price Action, TP1: 36$ Oct 2021 , TP2: 45$. Jan 2022 call options, strike 30$, 10/15/2021. *This is my idea and could be wrong 100%.
Great book by Victor Sperandeo "Trader Vic - Methods of a wall street master" , specifically the section on drawing correct trendlines. I see a lot of traders (including some times myself) drawing wrong trendlines especially if they are bias to long or short. Per Trader Vic - For a downtrend within the period of consideration, draw a line from the highest...
PLBY LAUNCH CENTERFOLD - VERY BULLISH THIS IS NOT SPECULATIVE TRADE
PLBY has flag playing out here. Hammer on daily yesterday. Can and will fly. Selling volume declining last few sessions. Trend will change. 4 hour confirms this.
NFT's have been on a tear. Next PT is 55 PLBY -- LEVELS: 32, 38.70, 41.50, 45, 45.50, 48, 55
Amazing week guys and girls, I just want to say that I appreciate all of you that follow my posts, like my posts, comment on my posts... etc .... whatever... any form of engagement really keeps me motivated and I'm absolutely over the moon that anyone at all even thinks what I'm doing on any occasion is a good idea. I know I am not hitting 100%, but we are going...
Time to start putting the PLBY long idea in the bank. As noted in our last update in late March, this is an NFT play and an iconic one with obvious appeal for the momo crowd. But we have already seen as much as 80-90% upside from our call in a matter of days, and the doji is hanging in the air like a question mark.
PLBY is a brand you know as an iconic men's magazine. But the stock is now the latest hot SPAC and the newest NFT play, as it sets up to tokenized its hottest centerfold spreads.