DraftKings Inc (DKNG)

[Neight]

I think the quarterly and lack of revenue is already baked in to the price. On top of that, DKNG pivoted very quickly and people have been betting on whatever they could, outcome of Survivor, The Bachelor, I saw a lot of people say they bet on NASCAR for the very first time. They’ve also had a tremendous response to the esports betting, so I still hold the opinion the quarterly won’t be as bad as some fear it may be. I like seeing that they pivoted so quickly and adapted to the sudden shutdown of sports.
Like you, I’m long on this stock and I bought a lot of shares in one of my retirement accounts at $12.32 so I’m really not worried about this reset. People need to think about this, it was at $25 a month ago and shoots up to $45, a pullback is normal and healthy for the long term appreciation of the stock. Long live DKNG!!!