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Are we supposed to take a flyer based on the groups past history? You caught this early..
What’s making that move? The store near me is closing its doors if it hasn’t already… is this one of those Reddit pumps? Same groups? How they doing this
Starting at 17.50 just doesn’t scream no brainer to me quite yet.. nervous let’s see the CPI because if it’s bad.. we could go down all week
Haha sorry that’s true. I will share when I buy.. that’s the rules here :)
I did not buy because of the CPI tomorrow even though I think the CPI might be a positive event. I’ll be here on heavy watch in the AM to potentially scoop a starter, we will see.
I did not I’ll check it out here tonight
So did you buy 17.50’s? You didn’t say
thanks, i covered the rest at 17.87. yea cpi tmrw at 8:30
did u see wsb's new meme play bbby? it was up to 13.65 yesterday in afterhours
Lol, yea I’ve noticed you guys! Good work
Haha he knows I wanted to buy 17.50 and I’ve been a magnet lately
Lmao
Nice trading bro. CPI tomorrow AM I believe.. should be a decent day up or down
ty. i covered almost half at 17.70 and gonna let the rest ride or cover if it goes back up to 17.90
Good call, right at the peak. What’s your target?
i have a feeling everything starts going down this week. think i'll short this if it pops to 19 again tmrw
Yeah I wanted to start reloading at 17.50
I might switch stocks if this one isn’t going to come back down soon.
heading back to 19.50 again and will ptobly blow past it
It’s that time of year.
yea i covered pretty quickly. i ran out of posts and sent you a msg in ig
Gonna run…..next earnings report going to be better. Then football hits….more states coming online…..the house never loses in gambling and they are the house
20+ this month easily. About to cross over on the 1yr
I assume you covered for the weekend?
Do you have a link for this info?
Yeah and then I moved my order down further.. so I’m still shareless for the weekend here. But would have got filled end of day. Too bad I would have enjoyed and definitely sold the little pop had it filled me earlier
US CONSUMER CREDIT ACTUAL 40.154B (FORECAST 27B, PREVIOUS 22.35B) $MACRO
Just out 3pm. Exactly what I have been saying. Credit Card debt is skyrocketed. Defaults incoming big time come Q1 and Q2. 2023 imo.
nasdaq is going for another attempt to close green. it missed ur buy order by like 7 cents?
i shorted lyft at 19.80 and now that's refusing to go down when literally everything else dropped lol
haha your orders are a magnet. i shoulda shorted at 19.50 where u sold
This is a different kind of Recession coming. Credit Card interest rates are all ready at all time highs. They are going to nose bleed levels in a few months when The prime rate goes up another 1.50 to 2.5 basis points. You could be looking at 30-40% interest rates on Credit Cards. That is when Credit Cards will be “imo only” starting to halt online gambling as defaults will soar by 1st Q and 2nd Q of next year.
My bud is at 18$ I’m getting nervous here lol… like really? It’s gonna fill?
I’m actually the new sell at the top champion for now bro lol
Only headwinds are cash burn in new markets for advertising and building out infrastructure and of course a possible recession. But people still gamble in recessions.
I'm going long here under $19. Everything I said was right on. They are #1 in this industry. Earnings were amazing. Still has room to run in my opinion. GL.
you got it within 3 cents. great job!
Lol anyones sell orders would keep hitting right now. But yes I now have zero shares.
I have a bid in for 18$ —obviously not going to get filled and I’m done for the day. But hey it’s a Friday!! Whoop whoop!!
definitely a bull market lol. nadaq will never close red ever again
looks like your sell orders always hit
covered at 19.05 lol
Lol all my sells look so silly
i just shorted at 19.. not too much lol
I have a sell set for 19.50 right now in case we are wrong again but then I’m done. Like this thing doesn’t go down anymore
here comes the pop and drop
That jobs report is dragging the market down right now isn’t it?
DKNG is it’s own worst enemy like why would you a lot your earnings times along with a market report?
I feel like they are always doing that. Or they release PRS timed with market events or reports - it has to be on purpose. It’s just not very smart right now when most reports are negative!!!
i think smitter may be right and we had a huge bear market rally. just out.. labor market is still hot
Sold some at 17.45 and now we wait and see. It’s like Smitter is saying.. it’s poop but painted gold.
And yes I had a few too many last night.. I don’t know about “Drunk” but you know I guess maybe looking back I fit the definition lol
So my position is now only 1000 shares just in case it runs out of the gate here when it opens. Would love to reload this thing at some point.
Do the Math
Dec 31 2021. Cash on hand 2.15 Billion
June 30th 2022 Cash on hand 1.5 billion.
That is 650 MILLION Burn rate in 6 months.
Q3 and Q4 Burn will put them under a Billion in Cash unless they do a raise or turns things around.
Back to my hole.
Good Luck!
After glancing over the numbers.
Not impressed. Beat the street Est loss per share of (.75) with a loss of (.50)
Increased Revenue and added users yes.
BUT…. Burn rate puts it on pace fora 1 Billion in Cash Burn Rate Loss with only 1.5 Billion cash left on hand vs 2.76 Billion last year. Q3 and Q4 will be much bigger Cash Burn rates on NFL Advertising.
You will also not continue adding users that will flatline like Netflix and regardless of what CEO Robbins says. Users will start to feel the inflation pinch.
I wanna see a Slam Dunk 3rd or 4th Q before believing this is viable without another Cash raise in 2023.
I love the Platform and use it myself that they nailed when creating!
March 2022 Cash on hand 1.7
June 30th Cash on hand 1.5
200 Million Burn rate Q over Q. Improvement. Will have to see this Fall going into NFL what they burn.
If they continue to improve their losses and burn rate things will look good.
To hard to say at this moment.
i can't what will happen when market opens. maybe same as penn
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It is anticipated that the combined company will have an equity market capitalization at closing of approximately $3.3 billion and have over $500 million of unrestricted cash on the balance sheet.
“We are pleased to bring DraftKings and SBTech together as one public company,” said Harry E. Sloan, Founding Investor of Diamond Eagle. “DraftKings is already a premier online fantasy sports and betting platform. With the full integration of SBTech’s technology and innovative product expertise coupled with the right capitalization, DraftKings will be in a great position to continue its ambitious expansion plans in the United States. I have known Jason Robins for four years, and consider him a true entrepreneur. I believe our investors share my utmost respect for his vision and leadership.”
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Title Of Each Class | Trading Symbol(s) | Name of each exchange on which registered | ||
Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant | DEACU | The Nasdaq Stock Market LLC | ||
Class A common stock, par value $0.0001 per share | DEAC | The Nasdaq Stock Market LLC | ||
Redeemable warrants, each warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share | DEACW | The Nasdaq Stock Market LLC |
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