is...(working)
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.
CZR Caesars reported. May give you a glimpse of DraftKings.
Wasn’t impressed myself.
Now if you take that into account. Their Cash Burn rate.
If you project outwards with Inflation and raising Credit Cart Debt and plummeting Savings rate you could get a very bad type of perfect storm for DraftKings. Where their Cash Burn Rate combined with less incoming players and bad investments in NFT and if GNOG does not pay off could spell a dire need to do an offering at a very bad time.
Only time will tell and next week shall give us a glimpse into what is really going on.
Just to put things in perspective GNOG was a all stock deal.
June 2021 Cash on Hand 2.6 Billion
March 2022 Cash on Hand 1.7 billion
Etc etc.
The day to day is less important to me. I’m a medium to long term investor Call or Puts makes no difference. At the current Cash burn rate DK would be out of money in a year. If they had to do an offering the price would crater. Which is why I am interested in next weeks Earnings Report.
Also the current state of the credit card market and drop in savings rate has be extremely interested on revenue growth.
I feel will be extremely hampered over the coming months.
Could be next week but it’s going there. Their cash burn is unsustainable and if they have to do an offering she would tank. They report next week. NFT’s are worthless another bad investment by DK.
I’m Long Puts. We shall see. If they get a good Q it could just as easily pop to $20.00 but long term they are burning cash so fast it’s crazy
None of it matters. The only thing that matters is Credit Card Debt and the Savings rate. The well will run dry. Q4 and Q1 is when everyone is gonna wake up and say “Oh Shit”
Like I have been reiterating. This is the time to steal Cheap Jan 2024 puts. They are Almost free everywhere you look at 40-50% discounts. Q4 and Q1 2023 is going to be disastrous.
Agree 100%!! I absolutely hate this company and would never have a FB or Meta account ever.
Your thinking way to short term. We are going into a very long and Deep Recession maybe even a depression. We are in the extremely early stages.
Technically yes. 2 Quarters of Negative Growth but I feel Q4 and Q1 of this Year and 1st Q of 2023 is where the real pain is really gonna be felt.
$368 to $58 bruuuuuutal!
If i recall Amazon ditched the drone delivery thing. It didn’t work. I could be wrong.
Shopify to lay of 10% of their Work Force. Breaking news
40% profit drop. Nothing to see here. Move along.
I do not shop at Walmart but of course they are the biggest and only have a small % of stores outside the United States. Walmart is true Blue Collar.
There is no Panic. It’s a fact. Credit Card data shows all time highs. Saving accounts dropping drastically. Amazon is not necessarily a good indicator anyways. They white label everything. They barely own any products and collect fees and facilitate for sellers.
Welcome! Funny thing is I am a avid DFS player on DraftKings and FanDuel but you still gotta call it like you see it.
Yeah WMT Rattled the whole Market. Target down big. Amazon down as is Costco etc etc. WMT said food is double digit inflation causing customers to stop buying basically everything else and inventory is piling up.
How the hell are folks going to be able to use Charge Cards while interest rates are spiking on CC’s for the foreseeable future and Savings are getting drained. I do not see how DraftKings gets thru this without first taking a big hit like every other stock.
Expect a Big offering in single digits at some point.
After Hours spike caused by Walmart basically saying get ready for a really bad recession.
Bought More puts here. Jan 2024 looked very undervalued. Don’t think the Put Market is acting right at the moment. The recent run up leads me to believe the Put Market feels a soft landings. The masses are usually wrong and Walmart may have just spooked everyone.
Bought Puts today. First time buying them for this stock. Went waaaay out to 2024. Wanted some flexibility.
Will be lucky to see DKNG hang on to double digits in the coming weeks. WMT just sent a shockwave thru the entire Marker and a serious warning sign that a very bad recession is coming.
Another Indicator were in for a Serious Recession. WMT rocked AH releasing earnings early. Warns of Hard Times ahead.
If they get that type of cash flow expect a Reverse Split. Then Folks may entertain buying. There is no upside to a 10 Billion plus Share Structure at these levels whatsoever.
To many Zeroes. Is that 100 billion or 10 Billion share offering my Gawd. How does the SEC and Finra allow companies to do this lololololol.
https://www.otcmarkets.com/filing/html?id=15962212&guid=W_k-kns94R62B3h
Agree!
Yes it is true. China is halting bank accounts and people are stopping mortgage payments etc etc. make sure your stocked up on Cash. It’s gonna get really bad here too. Credit Card Debt is at a all time high and savings are dwindling really fast. With Interest Rates rising quick we are gonna see some serious defaults going into 2023. Todays Fake Market is rally is the big boys selling and pulling a fast one on small retail.
Welcome!!!
Lol down 20% and not a peep. Another Garbage Fake Vaccine just like all the rest.
The Dollar is going to crush the World
Welcome! Good Luck! I’m sure you will be just fine.
Drought and Lack of Water with excess heat. Yeah that will do it. Did you see Norway?
Charles Scott illegally issued himself all those SOLI shares as well. He has broken so many laws lololololol
When BEGO aka Charles Scott imo disappeared I had a feeling. Either way your a phenomenal Penny Stock Trader DT Goody your gonna have a nice write off to off set your gains! If this doesn’t go thru.
Best of Luck
Regards
Smitter
SRI Lanka ex President even fled the Country. Not sure Biden could flee lol. 2023 gonna be ridiculously bad imo.
Really tough times ahead I agree!
10000000% Agree
Much higher to go in 2023
Very tough thing to not only understand but put a true Value on.
Dropping like a rock because Celsius halts Withdrawals.