This is not my idea or research. This is an idea from one of my favorite analysts, Brian McGough, who is a retail director at Hedgeye Risk Management. He said GME GameStop was a potential 10-bagger when it was at $20 late last year, and he's recently said he thinks PlayBoy is a 10-bagger (from ~$20). The general thesis is that the old management is gone and new management will have an opportunity to pivot the company towards a global sex, health, and media market that has a size of something like 300 billion. Still great upside from here, I am long the stock from $40 and am buying every dip.
Nota
The arrows and timeframe of the chart should not imply that I except the entirety of this move over the next month. I think it will take more time, this is a longer term holding in my opinion.Nota
expect*Nota
I apologize for not updating this idea. I closed the majority of my position at $55 and was stopped out of the rest at $37.80 using MyFractalRange signals. I've since begun reloading a small position, currently averaged at $28.60. My signal continues to signal lower lows so I want to wait for $23-$25 to put the rest of my position on.
This is an idea that I still believe in strongly as a long-term tail idea. Its a management turnaround story.
Do your own DD.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.