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PLBY

$PLBY - It's cooked enoughOver 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.
NASDAQ:PLBYLong
by leenixusu
3
Playboy Stock Options trading - Rolling puts into sharesSummary: 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. Choosing exposure based on opportunity. Expected returns- Factoring most likely outcomes of decisions and positions. Long options vs stock for example. Survivability- Choosing a trade structure or vehicle that allows ability to endure wild adverse moves. FATSO- 5 level of analysis acronym. F- fed not pivoting yet, but hints at easing and market likes that. A- accounting wise plby is beat up and priced for potential bankruptcy at low price/sales, price/book. T- Technical trend shows its still in downtrend, some volume accumulation, way below 200 day ma S- social sentiment, used to be popular meme stock, some young crowd still follows, did nfts so associated, low hype now 0- options view is still very volatile, high IV, stock price is so low that trading the options doesnt make much sense *stocks below 5$ are penny stocks, so many institutions cant even hold the shares if their mandates wont allow. warning: penny stocks are risky and will lose you money. this is not advice. you will lose money.
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NASDAQ:PLBYLong
by optionfarmers
25
Trader Vic says go long $PLBYGreat 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 high point to the lowest minor high point PRECEDING the lowest low so that the line does not pass through prices in between the two high points (i.e. blue line). Simpler said : Draw the line from the highest high to the highest high that precedes the lowest low, so that all price action is below. Once this trend line is broken , to confirm the uptrend, we want to see higher highs and lower lows AND "Prices go above the minor high point (i.e. the orange line) TLDR: $PLBY no longer appears to be in a down trend and has pivoted now to the start of an uptrend.
NASDAQ:PLBYLong
by FriscoTrades
3
PLBY. Absolute rocket of a week.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 to keep getting better, and keep getting smarter. We are going to figure the market out. For me it has been a very hard road just to get to the point I'm at right now, and I have a long way to go. The markets make me rethink my life, make me feel stupid, and at times it just feels like there is nothing you can do to that is adequate. Whatever you do, do not quit! I have wanted to quit so many times that I am really, really surprised that I'm even here typing to you now. If you ever feel like you are going to quit, but you also feel like this is something you really want to be doing please leave a comment, let me know about what it is you're looking at and we can try to simplify it. This is a tough profession to be in, but we can do it! Just know that I really appreciate you guys, and even though my dream is to move to a tropical paradise and drink coconut juice all day, when I am addressing you all there is really no place I would rather be. ----- I am going to give you all a watchlist of 20'ish stocks to be on lookout for come Monday. If you see anything interesting feel free to leave a post on any of my stock related ideas. I miss tens to hundreds of opportunities a week, that's just the nature of the business. But, having you guys around really makes it easier for me to stay on top of it. Stay tuned. Have a great weekend.
NASDAQ:PLBYLong
by emehoke
1