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.
Fantastic bounce off that island for traders trading tho!
Amazing MLB, NFL and so many major sport firms are partnering with such a crooked and shady company like DKNG ??
I mean after today there is obviously confidence in the company. Last two bad press releases created some great buying opportunities. Let’s see what the second half of the day holds
Back to back BS. Brutal. If either of these claims end up being true this it could take a long time to recover. Used to the BS but with multiple things mounting less odds they are both false
Two completely different businesses. PENN has a better foundation due to brinks and mortar but that also limits growth. DK is at the forefront of a tech movement and clear leader in that space. What tech company doesn’t have cash burn during inception? The one thing we do know is that sports betting is a growing industry… period. Owning both gives you a barbell approach to the industry in my opinion
This Reddit talk could be interesting. Personally I don’t like it
Range bound is good considering the recent pullback. I believe we have found a bottom and the beast is about to wake up which will do the same for all cryptos
I believe we approach $40 way before that. Mostly due to epicenter stocks leading the market and so much money on the sidelines. I see another S&P melt up happening over the next 4 weeks
Lol shocker. Small little stock sale issued 8k just now. No surprise. 11b shares
You mean besides the fact it’s a major threshold technically & psychologically for traders? Or... some other reason
Undervalued
Well the good part is it’s crazy over sold and I believe over done. It touched the prior ceiling back in June of 44 and change. Hopefully this presents some near term relief.
Doesn’t look that way
Is this headed back to 20$? I mean we are crossing a serious long term support line right now
Own sold off after earnings and is having a nice say. It’s been the trend
Why? Look what happened to Penn
So what was in the report that is scaring investors? It’s not like there was a run up in price prior to this earnings
While I appreciate your input this is more obvious technical trading that I understand. I am not fully grasping what TT utilizes so I was simply looking for a resource to learn.
I didn’t see any link listed
Hey Techni, hopefully not a dumb question. Any suggestions as a good resource to learn more about your trading style
That was it! We had some good convos over that subject. I actually hold a certain amount of shares in an IRA, but that is it. Good memory!
Hey JJ8 appreciate the reply. Man I remember you from years ago. Not sure which other board it was though but we have messaged back and forth in the past.
Once again, a stock price is not worth what the fundamentals say it should be, it’s worth what people are willing to pay for it. That may be a bubble, I am not suggesting it isn’t. But to argue a point that doesn’t apply as to why the people that own TSLA own it seems futile. I am a trader so I do not buy a story. I buy movement.
Does there have to be logic in an investment? Was their logic in Amazon the first 10 years? Valuations, as much as many of us believe need to be based on fundamentals, simply are not. Rather, an idea.. like Bitcoin. Musk, electric cars before they were a common topic. Musk in general actually.. he is one of the biggest visionaries of our lifetime. People believe in him, the product, the future, and don’t care how you or I feel about P/E.
The entire market is a vehicle (no pun intended) that we each can use to grow our wealth. The majority of investors will lose money, get frustrated, and leave the market. Very few survive.
But whichever vehicle (stock) they chose to put there hard earned money in, doesn’t need to make sense to any else but that person. If a high flier risk on trade like TSLA is it, I say, you likely have a high threshold for volatility or a commanding belief in Musk.
The market is nothing more than a gambling arena based on ones ability to use all the information at hand to predict the future.
I don’t think technicals are the right thing to bring to the convo. There are multiple technicals on both sides of the coin that suggest price could move either up or down. Companies reporting solid earnings have sold off as a trend recently. TSLA spent two trading days since March under a rising trend line. It sits on that line now... I’ve bet the trend continues. I can see the other side as well tho
Lol ok. Beauty of the market, everyone can have their own opinion
Raise your hand if you are a bag holder?? Wow look at all those hands!
I don’t even have to look at a chart. While in a short term downtrend after achieving multiples that made no sense and selling off due to all high multiples selling off, this ticker is 100% still in a long term uptrend.
Unhappy people love to hate on others.. simple
Sarcasm?
Who cares is the markets are owned or manipulated. It’s a vehicle. Use it to make cash. When and where you can. Trade well
This aged well
The delusion here is fantastic. Wait until open tomorrow when panic selling begins.
Hahahah that’s funny
Well that response was a let down. Time will tell.
Careful now... you have to be right first.
The chart you posted does not align with your theory. I welcome a friendly argument though. You have a provided a chart that shows a healthy uptrend channel with several bounces off the bottom of the channel. The 50 MA is healthily above the 200 and both trending upward as well. While short term momentum is cooling off, as it has many times before, the money flow and MACD is healthy as well. Your arrow pointing downward is only half of the picture. You may have inserted another arrow pointing up from the lower trend line as it has bounced before. Until it pierces the lower channel it’s perfectly fine.
One could argue the handle already played out with the recent move to 300+. The short term trend line has been pierced and now it just hovers over support. I own no position here at this time. I would bet on a downward move though
everyone is aware of the GME hearing ?
And on that note, let’s see if your theory is debunked. GME touched a long term trend line today that has been in place since Jan 18th. If history helps predict the future then it will bounce from here. But what do I know