Go long scantily clad women and NFT's! PLBY all day!Yes, you heard it here first, I am going long and strong on Playboy, a pure play on boobs and NFT's. Their vaults are bulging (no pun intended) with content just waiting to be converted and sold as NFT's. They had their initial pop and the stock has been bouncing around ever since (lol) but has recently appeared to have found a footing at the $25 level which should act as support going forward.
Go long and strong! Even in the darkest of times, Playboy sales maintained because people need their entertainment just like they need their booze to wash the sorrows away. It gives you sin exposure that is recession-resistant and has great growth prospects.
PLBY trade ideas
$PLBY Plays Out Nicely, Boy! Time to Ring the RegisterTime 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 unnoticed, and is far too cheap in my opinion?Plus looks like it goes in several week waves that have a fairly consistent theme over at least two wave cycles. I think that once the general stock market starts going into a correction that PLBY will be seized both by the mostly male traders and also by the meme groups as something “funny” that also seems to be following clear patterns already. Can a professional charter please also look at the patterns because it is looking promising so far? Plus it’s a well recognized brand so they don’t have to do anything there, but with the era of me too this company could face some rather large legal risks.
Disclosure: not licensed, own one call for this, but no other shares. Not advice for trading.