DraftKings Inc (DKNG)

[Biggiee]

Nice!!

[MikeLandfer]

Sold 12.80
Reloaded 11.50

[Biggiee]

If they do I’d expect a bull run across the boards, but then again, maybe not. Market has me second guessing which shoe goes on which foot!

[MikeLandfer]

Mid term elections - can the republicans take the house?

[MikeLandfer]

Nice I’m back in with a starter now from 11.00

[Moonlazer]

Options in both directions. One leg on the spread goes worthless, but the other leg explodes in value

[Biggiee]

I’m betting it does, but this market has been bi-polar and unpredictable.

[Biggiee]

Not going to lie, that sucked. I’m still holding, figuring she will bounce to gap fill next few days.

[Moonlazer]

I was just hoping for a wild swing in either direction. Puts and calls from yesterday. Dead even spread. Puts are printing nicely now. Only certain play with volatility in the mix. But early morning 10minute play was nice

[MikeLandfer]

Can’t believe she tanked on earnings boy was I wrong

[Moonlazer]

Loaded up. Ready to watch it bounce.

[Biggiee]

This is your chance

[MikeLandfer]

It’s still gonna need to smash over 19 to create a new trend here

[MikeLandfer]

Oh wow! No I didn’t get any unfortunately all my plans went to shit. I was still making moves to try and climb up back in her but now that she took off I’ll have to wait.

Good luck bro! Beauty stock

[Biggiee]

Just hit 18 ah

[Biggiee]

Did you grab any?

[Moonlazer]

To be honest. 13 was generous. Consistently losing money in a luxury business, and the prior 3 year CPI being over 16% - cost of living inflation, all luxuries, especially gambling... don't look promising as an investment.

[Moonlazer]

Looking at the past 3 months alone... I'm inclined to disagree. The elephant in the room is that we're in another recession.

[Biggiee]

Nope. I asked nicely for a straight up move

[MikeLandfer]

Earnings should be good

[Moonlazer]

I smell a dip coming. This one has been very volatile. Low short % at 10%. And the ripples of tech sectors getting slaughtered. Expecting monday to open below 13 and a slow stagger back up.

[SiriSkiBum]

Booooomage!!!!!!

[Biggiee]

Me thinks I’m done loading here. That’s enough down time, proceed with the straight up moon shot… thank you in advance.

[MikeLandfer]

Yeah you just misread my post bro

[MikeLandfer]

I was talking about another stock not this one… check again I think… once you figure out what stock.. read their letter to shareholders from last earnings

[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.