[Talc Moan]

We executed very well in the second quarter and outperformed the midpoints of the Q2 guidance ranges for revenue and Adjusted EBITDA that we provided on our first quarter earnings call,” added Jason Park, DraftKings’ Chief Financial Officer. “Our B2C segment drove revenue growth due to stronger than anticipated customer activity, while we continued to make progress on identifying and capturing operating efficiencies. As a result, looking forward, we are increasing the midpoint of our fiscal year 2022 revenue guidance by $15 million and improving the midpoint of our fiscal year 2022 Adjusted EBITDA guidance by $60 million.”

[Talc Moan]

If you look back they set the bar pretty low here now on their last earnings - they did not even provide guidance and almost kind of put everyone into a panic.

What. Yes they gave guidance lol. They raised their Year End by 30 Million.

If they don’t hit. Your gonna see single digits. Word on the Street in Vegas is they are burning cash like no tomorrow.

[MikeLandfer]

It’s a hunch but I think she’s going to go north on the earnings. If you look back they set the bar pretty low here now on their last earnings - they did not even provide guidance and almost kind of put everyone into a panic.

What I want to see is her pop higher then DKNG and then I’ll sell and just buy DKNG to ride their earnings.

DKNG earnings should be good. They are very close to becoming profitable.

[Biggiee]

Which way are you playing that one? I’m interested

[MikeLandfer]

It’s looking prime…. I shall wait until after the SNAP fins though. A little Russian roulette.

[Talc Moan]

Yes there was News. They pulled their Advertising from California on Prop 27 polling showing a very low chance of passing. California was the biggest Market and what they were banking on.

[Talc Moan]

Way overvalued. Been saying for awhile DK imo is going to single digits. Prop 27 in California is projected to fail which is a Massive loss for DraftKings. They pulled their tv ad money announced today.

Also no one has verified the leak from last week that it popped on an ESPN Disney deal. Which actually is gonna cost them a fortune if they actually do sign with ESPN.

Pops along the way but I feel new lows coming in late 2022 or early 2023.

Q3 is 1st week of November.

[wavridr]

what a rough day for this one. even in afterhours. good buying op tho. gl

[wavridr]

haha ur still playing with that one. seems like everything is near bottom now. i'm gonna start buying dkng if it drops into the 13s

[Biggiee]

In for a few at $14.50. Slowly accumulating.
GL

[Biggiee]

12.5% drop in one day with no news? Ouch DKNG

[Biggiee]

Nope. Markets are too negative to entertain dreamers. Unloaded some at $16 quick for some lose. Will reload when she settles down.

[MikeLandfer]

Looking for SNAP to pop above DKNG price on their earnings on the 20th.

Then I will jump over here and ride DKNG thru their earnings.

Let’s go!

[wavridr]

yup. thanks, you too!

[Biggiee]

Held up ok for a blood red day.
Have a great weekend!

[Biggiee]

Let’s see if the flippers get washed out and she climbs later.

[wavridr]

yea bad timing. everything getting hammered

[Biggiee]

Was looking for a news pop to $18.5 at least. Oh well

[Talc Moan]

The DKNG deal is a massive debt burden. Which will bring a short term pop to the stock as you see happening but once financials are released and the terms of the deal releases you will see. This company is not profitable. Fun to play DFS sure. The Advertising Cash burn is going to be extremely costly and a Capital raise will be needed in 2023.

Cheap money is gone and finding ways to raise another 500 million to 1 billion is going to be extremely expensive and dilutive. Don’t be surprised if their cash on hand falls below 1 billion by years end.

[wavridr]

i didn't.. hope it goes to 20 tmrw then i'll short it lol. gltu!

[Biggiee]

How dare you!! Lol
Nahh it’s all good.
GL

[wavridr]

i even thought about buying right after i covered.. damn

[wavridr]

i covered at 16 today and i'm so tempted to short it again right now at 17.45 lol

[Biggiee]

It’s obvious the DKNG are in a few negotiations, Amazon and now espn news
Something big should happen if the markets don’t collapse!
GL

[bigee]

Hopefully this goes back 70 in the future.

[Biggiee]

Thanks for the heads up, grabbed some @17.45 AH
Let’s see what tomorrow brings

[bigee]

ESPN partnership news

[Biggiee]

Seems everything is in a holding pattern the last 3 days

[Biggiee]

Yea, looks wobbly. Although I’m holding shares, I wish you luck!

[wavridr]

just shorted this at 16.80

[@LaughinPaulRyan]

… THE DUMB $DKNG JOCK STOCK …

Who’s diamond handing this razor blade stonk?

[Talc Moan]

Sub $10.00 if they don’t Nail Earnings for 3rd Quarter especially after rising guidance and Sub $6.00 if they don’t nail 4th Quarter. The coming 6 months will make or break This stock.

[Moonboy1]

They will just sell more stock and dilute the share holders to pay for it. Food prices are still rising weekly in the grocery stores. Only the rich can play. Middle class and lower will not be able to waste money betting much money if not now very soon. I'm dumping this garbage tomorrow and buying auto parts stores like O'Reilly and advanced auto. I think they will rise soon due to the state of the economy they are destroying on purpose to cause more homeless for more control. They don't have to give benefits to homeless people because they don't have an address to send the checks

[Talc Moan]

And a commercial every 5 seconds on many different stations. I think it’s having a reverse effect now. Everywhere I read people complain it’s like their spamming.

[Moonboy1]

They are definitely blowing tons of cash on advertising. A billboard every 100 feet it seems

[Talc Moan]

Sub $10.00 before Feb 2023 imo. If DK doesn’t hit its 2022 Rev guidance after raising it in Q2 earnings forget about it.

The Cash burn is crazy and they lost approx 75 Million last week in their promotion that backfired. Then again it backfired last night.

We shall see.

[Biggiee]

Not buying in yet. I’m still holding some $16’s as a core, which I believe I might regret. Plan to add to it in the $14 and below, every $2 increment. DKNG might not recover anytime soon without big news.
GL

[wavridr]

haha not on this one but i have on some others which i can't mention here. still looking for a bottom on this one to buy and hold. are u buying this again? i believe it's where u bought in last time?

[Biggiee]

Tell me you shorted DKNG and made out like a bandit!

[@LaughinPaulRyan]

... MJ MAGIC DISAPPEARED ... $DKNG

The value proposition here is substantially and materially degraded. The proud boy bro culture is underpressure and nothing will keep these bags from being razed to the ground in the coming weeks not months.

#TakeProfits
or
#EatLOSSES

[Talc Moan]

I’ll give DK this. She’s a fighter and loves to release lots of pump News. 2023 though I feel will be Ugly! Cash Burn and SBC Compensation in a High Interest Rate environment for the company and it’s players is going to start cracking. Look out for a cash raise too!

[Biggiee]

DKNG making deals with Amazon…. This might the start of bigger things.
GL

[Biggiee]

Which way do you think the markets go?

[MikeLandfer]

CPI tomorrow AM is the big market PR

Play accordingly gents!

[Biggiee]

Are you playing anything?

[Biggiee]

Over all, yes. Until DKNG gets to weekly 50MA , or breaks below 10MA.

[wavridr]

very nice! still bullish?