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Completely agree. Sports betting is and will continue to grow world wide. I was trying to make the point that fantasy sports is its own segment. A segment DK is far out front in, and their sports book will compliment that. I think both companies are attractive and can see a case for having exposure to both.
Great article. But i don’t put Dk and penn in the same space then. I could easily see value in owning both
No... refresher?
But they have zero access to fantasy sports betting?
Is penns rev driven by sports books at casinos?
Solid buy candle building towards today’s close onnthe daily though
Why do we think penn is ripping and DK isn’t
And all the massive 150,000 + patient trials starting are BS?
Oh okay.... lol that’s how I read it and why I was asking you your thoughts since i believed you read it as positive.. funny.
I still think DK is by far the leader and while we may have some short term volatility due to this pandemic, it will be short lived, and the long term story is as good as it gets.
Sports betting will grow 10x than what it currently is as states sign on. I also think there is a much larger platform option allowing the rest of works to participate.
But yes.... short term is sketchy. I still don’t see this heading back to the 20’s or 5$. I think the recent quick trip to 27$ is it
Of course.... just wanted your own thoughts on the article and why that IPO is a positive sign for DK
Why do you say that?
Sports aren’t done and canceled. A few games were. And maybe the MLB season does get canceled. You act as if DK is a one or two sport company. Sportsbook and gambling are a growing theme in this country and DK is at the forefront likely to gain 25% or more of that industry. IF baseball and football were to be cancled it would take a hit. But 5$? This is a theme not a fad. And players aren’t going to go for no season no pay. Beauty of all this is either one of us could be right and neither one of us know.. technically... we are gambling lol
And this is solely based on the canceled Marlins game and postphoned NY game? Marlins are in the worst hit city in FL. Not a surprise. What is the rest of the league going to do...
Where do you see this heading short term JCM...
It’s been in the same pattern for 7 days dude
I don’t know the last 7 days it has been bought heavily around 35$ and very heavily under
How do we think those gaps wasyyyyy down there get filled?
Could also be exactly what everyone is thinking will happen
Oh snap we got the “Mark this post” post. If I had a nickel for every time
Doom and gloom... the bears never stop
Eh also kissed the 50 perfectly... will see if it holds
The chart is actually perfectly fine. Although 35.80 ish seems to be a place it needs to hold
I think you are going to see plenty of traders rewarded by a market pullback. It hasn’t been easy staying short during this irrational rally.
Poorly timed post haha
the entire market is red and will continue to fall. Regarding DK the biggest fear is professional sports and if they will resume. The entire space has been sideways to down for two weeks. It’s not just DK. If you have money in the market right now you will watch it bleed this week if I had to guess and it’s not insider selling
I don’t think we have hit bottom yet
Feels like a DCB
You meant wouldn’t be?
Why? Gut feeling doesn’t count
Yawn
And this is based on...
100% agree with you
4th of July is this weekend... come on. Anyone really expect this to be a red week?
God you are on this board as well... lol
Good luck to your strategy.. we all have to have our own.
The best part of every story in the market is there are ALWAYS two sides to it. You claim the sky is falling and I see the opposite. The beauty of it is there is room for both. Appreciate your input. I too invested early, not quite as lucky as you to have jumped in at 10$, but I have doubled my money, sold the principal and now playing with the houses money and believe this IS the company to own in this space.
That’s just technical trading, profit taking, etc... happens. There is NO such thing as vertical. It doesn’t happen.
There are a ton of reasons company insiders sell shares and 90% of the time it has nothing to do with current or future stock movement.
DK is the forefront of online gambling... period. Which is an enormous market. They have a fantastic seamless product that will continue to grow as states approve sports books and gambling.
On top of that you can’t underestimate the millions of people who use the product who are invested.
Raising cash, dilution, insider selling blah blah happens across the board with nearly every ticket out there at some point. It’s a shitty reason to be short and an even worse investing strategy.
Is gambling a big market? Yes. Has gambling been transitions to online for the last decade? Yes. Is DK the leader in the space? Yes. Does DK have room to gain market share? Absofuckinlutley
Rosenblatt sees DraftKings shares tripling in its bull case scenario https://www.cnbc.com/2020/06/28/rosenblatt-sees-draftkings-shares-tripling-in-its-bull-case-scenario.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Sort of going the wrong direction wouldn’t you say