Replies to post #1399 on Golden Nugget Online Gaming Inc (GNOG)

[food4thought]

I would like to average down too but I’m in over my head in this one. I’m pretty shocked at this continued move downward. DraftKings worse than expected should only boost GNOG once earnings are released given the thought of profitable with growth vs growth at all costs with accelerated declining margins, which ultimately makes GNOG look like the better investment in online gaming with much more upside potential. The valuation at these levels seems silly unless there is something nefarious going on internally. Eventually the fundamentals have to matter and then TA will run its course.

As always, good luck to us all!

[food4thought]

When I said another 10% downside tied to a market sell-off, I didn’t think it would be a daily 10% move! Geese, this is ridiculous. Valuation has to matter at some point.