PLBY Group, Inc.Long
$PLBY - It's cooked enough
Updated
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 to get bored.
According to muh data, it seems that the stock has reached point where both points i mentioned above have been reached.
The signal on my data shows something having started on the 18th. According to my strat's "investing" horizon, the buy should have happened last week in the 18th of Dec and will end on the 7th or 18th of January.
Have fun if you wanna try it. I am in for a tiny amount as a real life test of my strat.
According to muh data, it seems that the stock has reached point where both points i mentioned above have been reached.
The signal on my data shows something having started on the 18th. According to my strat's "investing" horizon, the buy should have happened last week in the 18th of Dec and will end on the 7th or 18th of January.
Have fun if you wanna try it. I am in for a tiny amount as a real life test of my strat.
Note
So whilst PLBY is kinda doing something e.g those spikes you see, they're not quite what i'm used to. imgur.com/a/aNqpkAHSee ABSI as a successfull runner after a spike occurred imgur.com/a/skvvFQp
So yeah.This is not one of my more confident plays but more of a test to see if even stocks with choppy spikes can also run or not.
Trade closed manually
I've closed off this position due to that IWD. IWR and a couple of other Russel ETFs and the market in general has dumped a lot in my data all of a sudden, but mostly those Russel ETFs are looking very shaky.I'm out of this one for now.
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