NASDAQ:PLBY has finished it's measured move to the $1.40 Key profit-taking level today, 01/09/2024 - Price action temporarily traded to $1.40 before finishing the day candle at $1.38. If speculators placed a limit order at $1.40 to sell, they most-likely would have been filled while the price action temporarily traded the $1.40 level.
*Nothing in this post...
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....