Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
When I said another 10% downside tied to a market sell-off, I didn’t think it would be a daily 10% move! Geese, this is ridiculous. Valuation has to matter at some point.
I would like to average down too but I’m in over my head in this one. I’m pretty shocked at this continued move downward. DraftKings worse than expected should only boost GNOG once earnings are released given the thought of profitable with growth vs growth at all costs with accelerated declining margins, which ultimately makes GNOG look like the better investment in online gaming with much more upside potential. The valuation at these levels seems silly unless there is something nefarious going on internally. Eventually the fundamentals have to matter and then TA will run its course.
As always, good luck to us all!
The dump opportunity appears to have slipped thru my fingers. Another 10% move to the downside tied to a market selloff seems probably. This thing needs a floor. Come on Tilly start buying back shares at these prices.
Well this is unpleasant but this move is not over.
Agreed. Near term outlook does cap and dilute the stock. Valuation still seems low regardless. Fundamentals will be the driver. More wait and see I suppose.
The discounted shares certainly didn’t help the valuation but the fact that they received what they needed from an equity investor shows that they are liquid and have substantial upside from $6.50 imo. But I’m in agreement that it puts a bit of a lid on share price until earnings and audit findings are fully released.
Perplexing activity. I would have expected crazy opening volume and a run up at the bell. The news is progressive and positive, imo.
Buckle up....She gunna get crazy today
Price action is nice. Low volume doesn’t really offer support in either direction. I’m more of a fundamentals guy vs a TA guy, so my analysis will follow a binary event or be tied to financials. For me the technicals usually fall into place after the fact.
We’re still in wait n see mode with a ticking clock. There are many near term events that will be catalysts or create pullbacks if delayed.
Just for the sake of it.....
It sure is nice to have a massive green freight-liner sailing in a sea of red.
Cheers to that!
You took the words right out of my mouth.
Except mine came out a little more like .... “Well sum bitch, it’s about godamn time a respected analyst put out at solid pt with some major upside coverage on this turd”
Either way, we ridin in the same boat. Let’s make that our new base!
Absolute lunacy
Guess I shouldn’t have sold my 5000 shares at a 1.86 during the last run up. Held them for years. Saw ketamine treatment as a big market for mental illness, but the constant dilution during each run up had me fed up. Oh well.
Gettin trucked here. Down six figures. Waited on those earnings and it blows up in our face. I agree with some of those one time revenue offsets, but I don’t like how Tillman navigated his shares. I feel like he’s trying to create more value in the property holding/retail spac vs this online entity. Could gain some shares swapping into that one, but I’m not sure of the premerger share structure there as of yet, so that’s another wild card. Yeesh.
Another Q here will be telling. Not sure I can withstand locking down those funds for another three months tho. Tough call here. Damn the luck!!
Another 50% retracement!? Unlikely. The factors that were in play during the previous pull back have mostly been lifted. Volume fairly insignificant here so this seems more like manipulation given the recent run up.
Makes no sense my friend. This stock has me baffled, one of my only under water holdings since this time a year ago. Bizzaro world.
It truly is comical rhetoric. Clearly some things don’t sink in with this one. History will continue to repeat itself. Enjoy the show.
I too am happy if all are making money as long as I’m along for the ride, regardless of price cost average. If we’re going up, we’re all in the same boat. Cheers to hopefully finding a special security that may create wealth for many.
Luckin to the Moon in 2021 and beyond. I’m being silly. Far more to look towards before I completely put my guard down. Good Luck to all ;)
He’s more bi-polar than my ex-wife on her period during menopause.
This is a retail growth play with a tech multiple in the fastest growing consumer retail space in the world. They have an opportunity to become a global brand and expand their model and footprint worldwide.
The issue was simply the fraud, their survival as a result, and the current JPL mediation and restructuring. They were in a riptide. They have swam to safety and are back in play as the paragraph stated above. Investor confidence will be the driving force moving forward once they drop earnings and potentially relist. They are essentially still on SEC parole. A couple of Q’s with clean books whilst listed on the big board, institutional investors will return and Cramer will call it the turn around of the decade and issue a buy buy buy call. This has the potential to run another 5 to 10 times simply based on the current ridiculous market cap. The current valuation is remaining to be a reflection of the fraud overhang and being traded on the OTC. When financials drop, the train will be leaving the station. By the time Cramer signals a buy buy buy call, this will already be at 50.
No one has to believe me, but you can look at the history of my posts. My message has always been, know what you own, this is a high risk high reward opportunity, and their business has always been fully operational. The fraud was shown to show accelerated growth and used to run the share price to make the founders rich sooner than later. It wasn’t a cooked books situation to stave off creditors and bankruptcy similar to Enron.
Now that they have cleared most hurdles, the risk vs reward scale has swung dramatically in the favor of those that have invested when the share price fell dramatically and their future was uncertain. It took brass nutz to buy as this was delisted and headlines of bankruptcy filled the chat rooms. Well, I polished my nutz and went to work and can’t wait to see what this sexy coffee chain brings for the rest of 2021 and beyond. The train has yet to leave the station. Chooo Choooo haters. Luckin has crawled from the abyss and is ready to make millionaires out of believers in their brand.
F4T out.
Yezzir.
The $250 mill private equity placement isn’t terribly concerning. If anything it shows they have capital raise options and interested parties. The market cap here is extremely undervalued. Given a future raise in capital, and given their current business growth recognition in this release, id say the valuation for another raise will be favorable. But you are correct, that is dilution, and the terms of which, we have yet to be informed. The fact that the JPL and bond holders are secure and see strong liquidity and identify their business as on track and in-line with growth expectations is extraordinary. Rocket fuel my friend.
Yep. Feels like this event could be what allows us to cut anchor from the continual slide. I’m not sure how the warrants expiry benefits the fiscal obligations vs gaining the cash spread with a higher SP, but something clearly has a hold on us.
Yessir.
Broader market selloff killing our already beat down stock. Valuation is a joke at this level. I thought March was going to be our month. Sold my oil and energy sector plays to buy more of this. Regrets for now.
Cheers to that. I’ll let you know when I’m moving my thru the pan handle. And yes, let’s hope the silence sets up for an over-deliver with numbers and projections.
I’m about ready to go to a Houston Rockets game and kick ole Tilly in the nuts with a sharp-toed boot to wake his ass up, if he doesn’t get this bitch rolling already. Yeesh man. I’ve seen BETMGM, DraftKings, Caesars, fan duel, countless others front and center during sporting events, gaming searches, etc.
Time to gettin to promoting and making a name for this son of a gun and work it’s way up the list.
Been holding rocket since they came public. Frustrating hold until just recently where fundamentals turned the stock around and paid out to those that were patient. Let’s hope GNOG paints a similar picture.
Can you smell what the rock is cookin!!?
Feels like it. The overall market ripping again certainly didn’t hurt, but at least the steady bleeding has stopped. The gaming sector is on fire. We need to play catch-up. Hopefully the fundamentals create the springboard. I’m feeling good about March.
It’s remarkable. They are holding this down for some reason. My guess it’s tied to the warrants. Looking forward to a huge March
I’ve called the bottom in GNOG six times already....just outta pure luck, I’m going to be right one of these times. $13.35 was the absolute bottom. Buy all you can at these levels. Capiche
Throw in a market rollover and things go from bad to worse here. Ugly.
Correct. He hasn’t sold any shares but offering his shares to the deal with the new merger may be tied to some forward looking agenda. Who knows. Lots of moving parts, which may be why we’re stuck here. The market like transparency. Something is holding this down.
I believe that to be the case...but I read on a thread over the weekend that maybe he rolled some debt from his other business ventures into this spaq. I didn’t believe that either but given the steady decline in sp, it feels like there is more to this story. Nearly everything gaming is rising but GNOG is tanking. We need to see financials and an updated balance sheet asap.
Shorts clearly are in control. Selling pressure continues.
To compound this injury, I dumped:
Eat
Cake
Czr
MGM
Spce
Car
Wynn
Shak
Viac
To load this turd just prior to merger. All of them up significantly since, while this getting clobbered. I was sitting pretty. Should have left the winners alone. Very disappointing.
There is no support. I’m not sure if Tillman used this as a quick cash cow and created this to be a debt carrying vehicle or what. We need to see the financials ASAP to know wtf is going on here. It can’t be insiders dumping as I’m sure those shares are restricted. But again we need reporting.
Clearly the directors of the spaqs are making a fortune which is why every tom dick and Harry are blowing out as many as they can as quickly as they can. Striking while the iron is hot.
I should have known.
You’re not even in the same area code pal. But keep flipping pennies. Lol. I lost more in this company a decade ago than you have in your entire investment account. Enjoy counting your pennies. Cheers. Lol. Blocked.
Please tell me all you know about the company that you’re promoting. You don’t know shit so you resort to insulting someone that does. Congrats. You’re a professional dipshit that will be left broke soon. I’m done with youre worthless banter. Real cute. Yeah you’re funny.
You’re a dipshit. Clearly. Enjoy your pennies. Work towards that happy meal you’ve always wanted.
Yeah. The chart matters for a two cent flip. The ship went down a decade ago. Get over yourself. Technicals have nothing to do with the future of the company and it’s success. That’s all I was referring to. Play the charts all you want, that doesn’t mean the company is doing great with an international presence. That’s the joke of it all, not the fact that I’m telling you the company is a piece of shit with no future prospects in their pipeline.
And I’d love to bask in your knowledge of this company that you’re touting. This a public forum used most by fools. Clearly your one of them that doesn’t have a clue as to what you’re investing in other than that someone told you it’s going to the moon. Enjoy the penny flipping rabbit hole. I’m sure you’ll many millions. Lol.