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Another target I don't believe will age well. What is going on today? this is getting out of hand.
What happens when the casino cashier closes.
Not a good look raising money at $18, diluting shareholder value.
Interesting. I love sports betting also.
Barstool has chance to bring in revenue with this 100mill joe rogan deal for podcast. Problem is they don't have any podcast that are good. Barstool has one podcast that was putting up numbers and now they have nobody running it. Also I don't believe barstool is as big as it seems.
Sportsbooks have very small margins.
Both companies have held small eps for companies of their market cap. Even if you throw out the horrible eps both companies have put up in q1 of this year because of no sports. Now with laws changing for online gambling there will be way more competition cutting in to both these companies revenue but mainly dkgn.
-This is all just my opinion.
Interesting. They definitely could use consolidation I agree there. What is your price target for penn in Q1 of next year? My target for penn next year q1 is $22
I've got John's call of $75 for dkng that I have stored in my inbox that will age horribly.
Quick selloff to start the bell. Not a good sign for the future. For all we know somebody was leaking info to their buddies causing it. That is my problem with following trends that hold no weight, they fall quickly.
Anyways congrats on your 50.72% unrealized gains.
woah. what is going on in dkng??? is this the beginning of the selloff John?
Someone on that board has been deleting my post. You are the only moderator who actively post on the message board. It might not be you, I will delete last post.
This is funny. Another informative post from JohnCM.
I want to become a board moderator on here so I can steer conversation in the way I want it. Seeing as that you moderate 55 boards and have deleted an endless amount of my post on DKNG. How would I do this?
-This is my opinion on johncm original post to me. It is not meant to attack and has a question for him.
I appreciate you asking.
MGM , Walmart, Raytheon , Nacco
I miss interpreted what you posted. Nice, ya I just checked and saw that 3 casinos are opening up in California. Not sure what all of the regualtions that are required to open back up but TBTC has some good options for casinos.
So do you daytrade?
Penn is not at a low. Past the golden cross for you chart people.
There are a lot of regulations required for casinos to open in California. Not sure how it will be for all of penn holdings. "igaming" for penn better have something better than betting video games and icasino. For an icasino to be successful they will need to run it like a live event with real dealers. Not virtual.
I saw one the other day on some dorks youtube channel. It was like a live dealer but virtual cards, stupid to think anyone is going to trust that to give them a fair shake. But seeing these gambling suits and gambling media companies coming for the youth is cringe. This is no game here kids.
Your right I guess it wasn't warranted.
Sometimes I air it out tho hoping to get a educational response. As I look at your past post, your not the guy for the job.
My opinion I wish I would of got in Penn at $4 and sold at $26 but never did homework on Penn. At $26 its to overvalued. To much debt with the question of how many people will actually be gambling after this pandemic.
Not as many die hard loyal barstool crew as I originally thought, rather the company knowing how to use the internet and make it seem that way. To much competition this time around. Will be interesting to see how it plays out.
Trend is your friend if there is weight to hold it.
I would not be surprised to see MGM take off here soon.
Could be.
I expect with many honest Americans finally saying enough is enough and opening up their business over these next few weeks, many of these corrupt suits will begin their selloff in these overvalued companies they have been pumping in the media like dkng, penn, boeing and others. This is when I believe Buffett is going to pump in hard, time will tell as always. I believe I have a decent track record tho.
My opinion is that with many honest Americans finally just saying enough is enough and opening up business these next few weeks. The corrupt suits will begin their selloff, don't be last.
-what happens when the casino cashier closes.
I agree. I am not one bit concerned about the dip after earnings. There is so much market manipulation going on right now its laughable. Buffett sitting on cashing because he doesn't see anything worth investing in yet defends this statement.
Gambling market so overvalued right now...
Honestly who is going to a casino or gambling online for at least the next year or two?
Read any article, we can all agree. People are being very cautious with their money. I really enjoy sports gambling, and even when this quarantine ends and sports start. I have no want to bet, I want to go out. I don't want to sit on my couch some more and watch a game.
volume down today I noticed. Any concerns?
Bob dangling the fruit on potential military sales coming up in the earnings call is all time. I wouldn't expect it, but time will tell... I have been in VTSI for two years and have been here for one good quarter. No surprise it was right before investors meeting, dead money until this company gets some urgency or new shareholders.
Sales grew 10% and ecommerce grew 74% who would of thought...oh wait, check tape.
I agree. If I bought penn right now at $22 I would prepare for 2 year lock-in.
Cuban talking about trickle up economics is interesting. It doesn't matter how many times the government prints money for companies. Nobody is spending money. People are saving and being frugal. Interesting to see what happens as this is new territory.
I don't day trade. Its a fluff high long term.
DKNG wont succeed long term I have no doubts about that but wont get into because its a Penn board.
I am not bashing penn, as I said in previous post. I am interested in penn but it is overvalued right now at $22. They will have bad earnings through Q4 at very least. Even if things went back tomorrow people wont be gambling like they were. Which I believe will cause panic sellers and bring us back down to $10-12 which I will make my decision then. The amount of debt penn has will be interesting to see what happens through these 3 q's.
Thank god
Price targets mean nothing. Shoutout all the suits & analyst holding this company. Company still sucks.
That being said. If penn can make better decisions coming from the top I love where penn is long term. MGM landlocked in a dieing vegas, the list of dkng problems is endless, then eldo/ceasars is eldo/ceasars no threat there.
In my opinion something big may be going on between draftkings/penn which would be bad news for both companies, giving mgm opportunity. If Penn does anything with draftkings I personally will throw them out of my watchlist and put them on my S*** list. Would be like MJ going from the bulls to the pistons.
Who woulda thought 2 months ago penn would be $22. Oh wait, that's right.
Overvalued at this point tho. If your long term hold, if not sell and wait for the dip soon. Penn in for a long few years if we keep printing money and closing business's. Even if things go back to normal people are much more tight with their money and wont be gambling big for at least a year.
excited to see how tomorrow goes.
What I expect:
-Decent/Strong numbers.
-Huge increase in online sales because old people don't use amazon.
-Price target $135-$138
still here still waiting.
congrats on your 2x unrealized gains.
Saudis making moves during this questionable in my opinion media feared time. Right move, follow the Saudis.
Another day the market skyrockets and vtsi in the red lol. Its time for changes in VTSI. Voting season around the corner.
Sure you did chesspiece…I mean augster. Every message board has a aug/chess . I bought bitcoin when it was $9, Netflix when it was $5, tesla when it was $34. This doesn't mean anything because there is no way to confirm. One thing I can confirm is that you and chesspiece stay on the same Ihub message boards.
is this a serious post? $75? lol.
I can't imagine how long it would take Draftkings to get to $75 price if possible. Weedtrader420 feeling way to good on a Saturday morning.
-This post is an opinion and not meant to attack. This post also contains a question and some minor humor.
In my opinion this is not an attack.
If I was on a stock message board and happened to find 2 ihub accounts that will remain anonymous so this post doesn't get deleted. That were on the same message board of multiple companies including VTIQ & DKNG I would say that these accounts were either ran from the same person or they were working for a inv. firm perfecting the pump and dump.
Which is similar to what was happening on draftkings although it was against their rules. Say for instance you had 60 friends like this unknown user claims to have on draftkings and you all enter a 100 person tournament with top heavy payouts. These 60 friends build 60 different lineups around the 40 individual lineups making it virtually impossible to win and very hard to be even minorly profitable for the individuals. Now this is against draftkings rules but it was still taking place and draftkings new about it even promoting some of these players doing it.
I just wonder if some of these people would have still played on dk site knowing this was taking place? When I see this, I see a lot of consumers who would think twice about playing their money on this site when the competition will be bigger this time around.
I 100% do not envy current dk shareholders. I do envy penn buyers at $4 I wanted in but was to timid. Late to finding this gem? Good post.
The great news for me is that both of these companies are way overvalued and don't just face bad news for the immediate future but at least through 2 years maybe longer. I can't imagine a lot of people will be gambling when we continue to print money and high unemployment rates. I 100% expect a drop from dkng back down to single digits which will remain out of my folio even after hard drop. Penn on the other hand def has my interest with possibility of me getting in but will see how it plays out.
-This is an opinion not an attack.
I agree. Walmart staying out the media fluff and putting up nice results is what I love to see. No worries about Walmart, Every time ive been to Walmart during this pandemic it is packed. I've recently heard also that during pandemic Walmart online sales is doing really well.
16.67 mill still waaayyy over valued. Count on no sales for the year with the attitude vtsi showed in q1.
Also, In my opinion the few who are still using draftkings during this time of no sports are the ones who play continuously when there are sports. So the revenue being brought in from icasinos, fooball sims, and esports is being skewed of what it will actually bring in once sports come back.