DraftKings Inc (DKNG)

[jessellivermore]

Zen...Face it...Life is one big sequence of gambling...The better you are as a gambler...The better your life is going to be..

You need to see what is going on...Right now a lot of retail market players are looking at the current situation and thinking..This is crazy..The major guys like Bob Craft are not morons...The retailers imagine these big shareholders are privy to some bad news and that is why the were selling shares for $52.00 when it was trading for $62.00..

This is an example of poor analysis..If Kraft and the others knew there were big problems ahead..Announcing they were selling 16mil shares at $52 makes no sense...Why wouldn't they keep their mouth shut and sell it at $62...The stock was on a tear...I have traded the market for 60 years and I have never seen a secondary which included shareholders selling in conjunction with the company as part of the deal...

My own interpretation is that the leagues (NFL, NBA, MLB) have always been hypocritical (going back to Pete Rose) about gambling and are worried about the integrity of the game. While knowing that a large portion of the American sports population likes to bet on the games (the public) not the players; and that gambling increases the number of of viewers..But the leagues are, and have been very strict on gambling and probably very concerned about franchise owners being major holders of stocks in a online casino that features sports betting..AND This is why we are seeing owners like Kraft and Jones are selling stock. Because they were told this was "Not good for the league"...AND not because Kraft knew there was a real problem...They sold because the league told them to...

":>) JL