Yeah. I’m getting clipped heavy today on a green day. All my large holdings are down. I’ve rolled far too much into speculative plays and am paying the price. Let’s hope things look a whole lot better this time next week.

I wish I had some dry powder left. My average up in the $23-24 range was too early.

They sure rolled that over in a hurry.

Hope so

Entering the week of the merger, this price pull back is odd and concerning tho.

I’ve averaged up to a point of being uncomfortable going into next week. A week ago my avg was 13.89. Today it’s 18.24 and I’m now holding xx,xxxx shares. This has become my 2nd largest holding. I’m banking on Tillman and GNOG to match their comps valuations once the merger drops. One week and counting.... LET’S GO!!!

They didn’t shelve 2 billion shares to benefit the shareholder.

Agree. Once the symbol drops this should run.

Authorized class A common was raised from 200 mill to 220 mill. Class B common raised from 20 mill to 50 mill.
I don’t know what the exact float will be once GNOG begins trading. Exercisable warrants total can execute after 30 days I believe. I don’t know that number either.

Other than the fact that they increased authorized shares, everything looks to be status quo. So if you’re in favor of the merger, you’ll need to answer yes.

Will do.

I need to do some reading tonight. I’m not sure of the exercisable options timeline.

I was quickly reading the voting proxy and saw that number as issue but the float could clearly be less. I was going to put more time into comp valuations and P/E after merger.

If you’re informed to 68 million then we are well set for a merger run. I seriously haven’t put that much time into it. I was going to reevaluate after the merger, but the voting proxy offered up that number. The larger issue could be for future offerings and warrants.

I read 220 million on the voting proxy. That could be shelved not float however.

Based on the share structure we are looking at roughly a 5.5 billion dollar valuation at current price rolling into merger. Forward looking 2021 revenues and comp multiples would put us at ?? Thoughts??

Draft kings has a 20 billion dollar valuation with a slightly elevated share structure and Caesar’s CZR has a 15 billion dollar valuation with a fairly similar share structure. I haven’t taken the time to look up revenues and multiples yet, but clearly this sets up well from a comp standpoint for GNOG which has the potential to be one of the market leaders in online gaming. Neither of those comps have reported recent profitability but I believe are projected to do so in 2021. Again, this should bode well for GNOG as they have real revenues and a path to immediate profitability. Correct me if I’m wrong here as I haven’t taken the time to break down all numbers.

Cheers to 2021. We’ll see what it brings. If it’s a debt clearing and enough cash to forge ahead as a new company, then an opportunity exists.

I rarely average up in large amounts but did so today. Price action looks really good going into the merger.

If a shit company like Nikola can run 10 fold...GNOG, with an established business model, potential market leader role, and real revenues, should go bananas, but who knows these days. 11 days and counting...

I’ll admit the unbridled enthusiasm and daily expressive commitment to a grey stock was odd, which led me to believe there was more to the story.

My 250 shares at $8 were fun money and as my post prove, I sold half at $50 and made some chump change. If some were really that emotionally and financially invested in this, that’s a tough lesson.

I’ll buy 10,000 shares at that price just for the hell of.

Nice. Very nice.

The way online gaming stocks are ripping....this has got to explode after merger, based on their overall strength in the space. The valuation dynamic will be interesting once she starts trading as GNOG. Exciting times to come.

I see what you did there...

Looking forward to it!

This stock is worse than a Heinz ketchup commercial...for those of you old enough to remember.

We should be ripping. But what’s two more weeks I suppose in the grand scheme of things.

I’m guessing he means cheap stock from a valuation standpoint, i.e. price to earnings multiple.

I was being facetious

The stock price speaks for itself

Good stuff.

I too got torched in 2001 as well, but made over seven figures during the dot com run, so overall my investments worked out as I invested heavily in real estate with some of the proceeds. I did think I was going to become the next million dollar day trader as it was all too easy. Reality check, 500k turned to zero quickly and then profit taking tax bill came a calling. You learn quickly about capital gains taxes.

So I totally get what you’re saying. The March 15th deadline is a real binary event and the heavy profits that were made in 2020 will be similar to that of the dot com era. Many novice investors won’t fully understand the tax ramifications until that day comes and you’re right about a potential multi session sell-off. Thanks for refreshing my memory. Sometimes time can fade a painful loss. 2021 will be interesting to say the least.

I’m a huge fan of the in depth analysis of this board. SECI either going to 0 or 3500. Someone is bound to be right.

Like my rural Russian girlfriend

Dude. Just because you sold doesn’t mean you should rub salt. You’re starting to sound like Bona. Good for you to get out near the top.

I agree they should work harder at becoming more transparent and offering real revenues and guidance, but they trade on the otc for a reason and aren’t bound to report. Maybe investor expectations were curbed and many are selling off, or maybe there is more to this move. If institutional buying occurred, as you stated, they surely aren’t selling because an imaginary reporting deadline was missed. Idk, but clearly those holding such as myself aren’t happy about it.

Capital gains tax rate adjustments are part of the Biden administration wish list. Short-term vs long-term gains could deter investors from selling here as well. So I do believe there will less selling volume going into 2021 than in previous years as so many investors have large short-term capital gains this year due to investments made after the March sell-off. Clearly the growth and a tech sectors hold the majority of those gains.

I agree. Most are above water here and would have no reason to sell other than to lock in profits if they don’t feel there is further near term upside. I have plenty of carry over losses, so I’m good to play it anyway I want.

Regarding the mechanical event, I’m looking towards a trigger in the first Q of 2021. My guess it’ll stem from an electoral reversal or from an event shortly after inauguration such as a stimulus rejection. Each would have dramatic swings in various sectors of the market. This market is elevated and has plenty of positives baked in. It wouldn’t take much to kick the legs out. Any sort of set back pertaining to the virus efficacy and/or disbursement would create a further short term decline.

Sure. You can look at it both ways. That some people won’t sell investment gains until after the 1st of the year, so that those gains are not taxable for 2020, and can be washed thruout 2021 against future settled losses.

You can sell at anytime prior to Dec. 31st to record a loss as long as you don’t reenter that security/position within 30 days after the recorded sale.

Freal? Link?

Coiled and set to fly...

Once the new ticker drops, it gonna get good. Then the banks and tutes will begin issuing price targets. I like fitty near term.

Boom Shaka laka

U got that right. Opened up the runway