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.
Comment
⋅
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/aNqpkAH
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.
Overbought, might trend slightly higher but like you said I think there will be a big move down soon. This version ot Playboy has almost nothing to do with the version most associate with the name and is basically the name, logo, and licensing rights and not much more. And from what I’ve read very poorly ran with capital being used for bad moves like paying way too much for some small store chains.