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these look like drunk messages lol. narrower than expected loss.. so what now lol
Looks like the Street likes the Quarter. Loss of .50 vs .75+. I think they lost 800 mill approx. will have to see what the cash burn is. Earnings call in 45 minutes. Congrats to longs!
I will say last time they did a Friday Pre Market Earnings release the stock popped 10% then closed down 6%.
Either way big win for Longs pre market!
This is called combining a bear with a bull.. so what is that? Exactly.. no one knows.. let’s do it
If this stock DKNG blows tommorow we need a stock that will be a part of the FB Metaverse in the future that is in the low teens and we need to attach to it like Venom and we need to short it my style until we are rich. So potentially forever. Join Me.
@muffin_and_tuffin
PM me your number on Instagram if you want to play. And don’t wait.. do it now
We short only bro.. that’s all we do. But we keep our position and dump it at 50$
Let’s do it man..
I’m not good at shorting but I know what we need to do. Join me
Musk is an idiot why is he letting the car out of the bag? Honestly we need this DKNG to tank and we need to load up and then let’s short together but my style
You game?
I could use a team mate like you
We can exchange numbers and do it on the phone whatever. But I want to play my way.
Join me.. we need a stock in the teens that will be part of the Metaverse. Can you help? We don’t have as much time as you think.
That would be perfect for me :)
Lol I’m sorry I didn’t read this post before responding.. you crazy man but I like your style.
Did you see Musk?
https://www.bloomberg.com/news/articles/2022-08-04/musk-says-inflation-is-past-peak-as-component-costs-trend-down
It’s time to get out of short mode soon my bro.
Don’t fall into the hype and shit.. this is 2022 info has never travelled faster we can’t compare history to now. It’s not the same. I think this recovers faster then everyone thinks.
maybe a pop then drop like penn?
yea me too. i was thinking this would beat earnings and pop but after seeing penn idk.. i rode lyft from 17.60 to 18.99 in afterhours. i wish u coulda seen the crazy manipulation. at 18.88 4 mm's posted up on the bid all showing 2 and abosrbing hundreds of thousands of sells. and there's a huge wall on the ask at 19
20 or higher
Or 12.50 or lower
Is what I wanna see
Big move cmon let’s go!!!
Can’t wait to see what happens in the AM.
very nice. congrats!
Wow. What a move. One of my best moves of the year so far. Sold at the exact top to the penny. Crashed more than $1 already
good idea. i didn't think it would drop this much
I’m just going to stay away and take the day off and see what happens earnings in the AM
PENN going down on earnings? Might drag us down here..
Just sold. Was in a nice profit. May keep running but may not so took my profit.
Trust me I’m in the king of selling too early lol
Thanks for the reminder sir. I will take some more profits today
When you get sucked into the Euphoria lower your expectations. I have seen this way to many times over the years. Yes could Touch $20.00 or struggle to open and stay above $16.00.
Be prepared for anything. Best of Luck to you!
I have a hard time picturing this not running again tomorrow into earnings, otherwise why did we even bother running this far. I’m setting a sell at 18$..
Unless we get some bad market news or something of course.. but like what’s gonna stop her? Earnings.. need an event to stop this lol
yea i had the date mixed up. now i see why u said look for a dip in the am. it would have to be a decent dip for me to buy
Haha putting in that overtime tonight
It’s very possible :)
Tomorrow is the final trading day before earnings. I am setting a sell at 18$ and the. Riding the rest through earnings just for fun.
FTNT just beat the street but plunging after hours do to their cash burn which is what I feel is gonna happen here.
Spot on. I posted their Cash Burn rate a few days ago. If they keep going at the rate they are they will need to do a raise Q1 next year. It will sink the stock down at these prices. We don’t know how much additional expenses were spent on the GNOG acquisition that took place Q1 as well.
It’s at all time highs as savings plummet which is why I am heavily positioned for 2024 Puts. I feel Q4 into Q1 is when the Pain is going to really start. Especially if Defaults Skyrocked. CC companies will start restricting credit card gambling imo. They did it against Crypto
I just jumped back in here this morning when I saw the chart was looking pretty good. I've been too caught up in watching crypto and got away from stocks for a few weeks so I wasn't paying enough attention. The question is just our economy itself. But people do seem to keep gambling no matter what the economy is.
american credit card debt is 13% higher than last year. something like 45 billion. all those companies earnings are on people's credit cards at high interest
Welcome! Best of luck to everyone! Walmart Just announced Layoffs. This is certainly a bear market Rally.
This company is the top dog of online gambling. They have the most advertising and seem to be everywhere. But they have spent a ton of money on billboards and advertising. So it really depends on how much cash they keep burning through. As they get more established they should stop going through so much cash. Plus football season is right around the corner. Biggest sport for betting. I may just hold through earnings. Could get a couple of dollars up swing in share price if they say the future is looking bright.
oh it's friday. i was thinking it was tmrw. thanks
MGM Vegas Strip beats up 100% yoy. Caesars was the same. I wonder if DK is gonna disappoint since the Strip is up so much and possibly taking away from Online. Friday Am gonna be interesting indeed.
i'll be watching closely premarket. can't believe this is up another 10%. if only we held everything from the 11s
It might be a good idea to just sit out here and wait for Friday AM agree. This other guy that just posted makes a good point though.. this thing should be flippable
Off hopefully a nice dip tommorow morning.. so maybe keep an eye out for that situation. I might join ya if we did something like that.
She’s putting 20-25$ within range of earnings right now.. crazy we were just at 11$ feels like the other day
Should keep running up until the 5th. I'll be selling on the 4th. GL
i feel like i've been sidelined. everything looks too high compared to a week ago but they just keep going higher. people are expecting positive earnings from every company now lol . i'm gonna try to catch this one in the right direction when earnings drops
Lol good I’m glad. I thought you might have got hosed there! Glad you ended up on the right side of the fence!
Yeah I don’t know if anyone should follow my lead ever but I’m setup pretty good here for these earnings. Sold some more at 16$ I need to keep my shorts within reach of the earnings results. I’m running out of shares lol
great job! i should be following ur lead.. she's still running.. of course right?
just sold uber. now i wanna short lyft again lol. ur getting closer and closer
haha i covered last night and bought uber. u almost hit ur target. looks like it'll hit 16.50
I just saw LYFT this morning and threw up in my mouth a little. You all good?
Yeah fair enough I’m selling on the way up and carry a small load into earnings. I will take whatever earnings gives me not greedy at all. I actually would prefer it tanks on earnings
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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.”
DraftKings Brand Highlights
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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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