Is anyone buying @GOLD today?
Would you mind explaining what this means?Thanks for the heads up. Sub $25 seems like a good entry.
DraftKings CEO Sees Potential Growth in In-Game Betting
By Andrew Bary May 26, 2020 12:36 pm ET
https://www.barrons.com/articles/draftkings-ceo-sees-potential-growth-in-in-game-betting-51590510965
DraftKings CEO Jason Robins says the company is developing more in-game betting opportunities for users of the company’s popular sports wagering website, calling it “our No. 1 focus from a product perspective.”
“In the U.K., in-game is about 75% of the revenues at sports books and here’s it’s much lower,” Robins tells Barron’s. “You can bet on almost anything in an EPL (English Premier League soccer) game including who will get the next yellow card. Arguably, U.S. sports like baseball are better built for this because of the stoppage in play.”
“Think about baseball, there is so much opportunity to make prop bets,” Robins says, referring to wagers unrelated to the outcome of the game. Outside the U.S., tennis is popular for in-game wagering. “People are betting on every point. It’s literally at that level,” Robins says.
Viewers of the charity pro-am golf match on Sunday between the team of Tiger Woods and Peyton Manning against Phil Mickelson and Tom Brady got a chance to see DraftKings in-match odds onscreen during the broadcast. DraftKings (ticker: DKNG) offered betting on the individual holes and the overall match, which was narrowly won by Woods and Manning.
The match was the biggest golf event ever for DraftKings, doubling its previous top handle, a company spokesman said Tuesday. The in-game betting was a major factor, and golf is well-suited to it.
Shares of DraftKings were up more than 3%, at $30.08, at midday on Tuesday. The stock has surged about 70% since April, valuing DraftKings at $10 billion, behind only Las Vegas Sands (LVS) in the U.S. gambling sector.
DraftKings has been on a roll in the past few months even though major U.S. sports are on hold. The company had a strong first-quarter pre-Covid 19, and went public in late April when it completed a merger with Diamond Eagle Acquisition, a special-purpose acquisition company. The deal had been unveiled in late 2019.
Investors’ enthusiasm is being fed by the company’s asset-light online focus and expectations that mobile sports betting will be legalized in more states in the coming years.
“We think that being a digital-first company has some pluses, in addition to the general migration to online channels,” Robins says. Younger bettors like sports and prefer to wager on their phones.
DraftKings is live in seven states, including New Jersey and Pennsylvania, with another seven having legalized online sports betting.
On the company’s first-quarter conference call earlier in May, Robins said he was still comfortable with prior projections for 2021, notably about $700 million in revenues.
“We’re expecting the sports calendar to be full enough for us to achieve those numbers,” he says.
Robins is looking ahead to what could be a busy second half of 2020 with Major League Baseball contemplating a start to the season around July 4 and the National Football League set to begin on schedule in September. Add to that marquee postponed events like golf’s Masters Tournament now on tap for November and the French Open tennis tournament, which is set to start in late September.
Without major sports, DraftKings has seen surprisingly strong interest in fantasy sports and betting on a range of what is still being played, including e-sports, Korean baseball, German professional soccer, and table tennis.
Robins says having the best in-game offering will help differentiate DraftKings in a competitive market. The company and FanDuel have leveraged their leadership in fantasy sports to top positions in online sports gambling.
New Jersey has become the most important market for both online sports wagering and “igaming,” or online casino betting. FanDuel is controlled by Flutter Entertainment (PDYPY), a leading U.K. betting company. DraftKings’ market share in New Jersey is estimated in the 30% area.
The investor excitement about the growth prospects for online sports betting in the U.S. is evident in the valuation of DraftKings, which is valued like a cloud computing stock at about 14 times next year’s projected revenues. Some analysts think DraftKings may turn a profit starting in 2023.
The company has outlined a path to $1 billion in annual earnings before interest, taxes, depreciation and amortization (Ebitda), but has not said when it expects to get there. Analysts have estimated that may not happen until after 2025.
The in-game betting market is more developed in established markets outside the U.S. like the U.K. Online sports wagering really got going in the U.S. only in 2018, when New Jersey legalized it.
Overseas bettors could have made a variety of prop wagers on the Super Bowl this past February, including length of the halftime show, the color of Jennifer Lopez’s halftime outfit, and the color of the Gatorade.
“Our No. 1 prop bet during the Super Bowl was the coin flip,” Robins says. “Believe it or not, people want to be betting on things from the moment the players walk onto the field. By the time you get to halftime, some of the pre-game bets aren’t looking so good. People want to keep making predictions and having skin in the game.”
“I had someone come up to me the other day and ask me to create a market for the odds that a bird would land on the 20-yard line in one of the opening NFL games,” Robins added, noting that “I don’t know how we would come up” with odds for such an unusual event.
At odds of 100,000 to one, that person told Robins that he would “put a dollar or two on that; all kinds of things pop into people’s minds and we want to be creative.”
$GOLD is bullish. Kind of running away. I think I saw your buy levels at $25; then $22.50; then $20 or something like that. I like $24.50ish then $22. At those levels the LT bull trend would still be intact. I'd buy those levels fwiw.
What is the one stock (or stocks) you would buy if starting today? Would you just divide it among the master list? Would you go all in today?I built a large portion of my own personal portfolio over time (from 1987-1999) selling half when I hit 100% or more in gains and finding another great company to invest in. Not trade. Invest. Have I had some losers over the 30 plus years I have been in the market? Yeah of course. But my batting average has been very high (hence why I do this for a living).
When you sell half....after earning 100% or more in gains....you own it for free the rest of your life. And the stock continues to rise.....and doubles again...and again with total return taking into consideration dividends reinvesting too.
I have not missed out on future gains at all. What I did was take my original risk off the table, parlayed that to a new position in another company....and the rest is history.
My grandfather and my father sat me down at 12 years old and taught me this. It has been the greatest advice I ever got.....and I give the same advice to my clients....and to you folks here. Difference is my clients have been paying me for it.....your getting free advice here.
Do with it what ever you want.
But this is called risk mitigation and compounding returns an building a portfolio on profits (and of course any money you keep contributing yourself) But when I was 17 years old I was not making an income. I was a high school student playing ball. And by the time I was 25 years old I built a portfolio from 25K (my seed money was all the bar-mitzvah money I got, my dad turned it over to me and said this is it son you will never get another gift like this so be smart with it) to 100K doing exactly what I just told you. And of course we are far higher since 1995. Average annual of over 10% total return net of taxes in my non IRA account. You can do the math from that.
Stock picking of course is the key. But it is something I am good at fortunately.
And I will say it again. I never met someone go broke taking profits. It is what you do with the profits next that determines your fate. Invest wisely. Not recklessly.
Bit of fomo with so much on the sidelines today, but have my three biggest non-fund holdings up bigly.Finally got off my ### and rolled over my old 401k into an IRA today. S&P 500 ~2950 is a decent level to sell at for a couple of days as it transfers. Of course, now it frees me up to do even riskier stuff
I get that, haven't sold bud or DFS yet today despite nice gains. There's nothing wrong with having some buy and hold companies. There's a difference between investing in companies you want a piece of vs trading. I'm more of a buy and hold guy, then I see a few of y'all making nice gains most days by trading. I think that's the challenge - identify your plan of action, then execute, unemotionally.Makes sense. Not complaining on the winners but I almost get peralised when they get high and I don't do anything with them.
Yeah, I'm kinda pissed that I sold out of son 4's college account before they transferred to Schwab. Now today seems like a bad day to buy back in. So he's got basically a year+ of in state tuition sitting in cash (he's 9, so I'll be investing that back in soon)Bit of fomo with so much on the sidelines today, but have my three biggest non-fund holdings up bigly.
This thing is an animal.I've had SE (Sea Limited) on a watchlist for a while and decided to start a position today because I can't watch it move up anymore. Digital platform based in Singapore, they kind of do everything. E-Commerce, gaming, and digital payments. Outside of CYDY this is going to be my other speculative home run swing as I try and be the @Capella of SE Asian non-China Amazon. I'll put a stop in but giving myself some leeway to average in. Anyone else watching this company? Not a lot of coverage.
https://www.seagroup.com/home
https://www.msn.com/en-us/money/stockdetails/nys-se/fi-a22qp2
Your strategy seems rather arbitrary to me. You’re right no one will go broke doing that but I personally don’t think it’s great advice. I think maybe you’re attached to it because it has personal meaning.I built a large portion of my own personal portfolio over time (from 1987-1999) selling half when I hit 100% or more in gains and finding another great company to invest in. Not trade. Invest. Have I had some losers over the 30 plus years I have been in the market? Yeah of course. But my batting average has been very high (hence why I do this for a living).
When you sell half....after earning 100% or more in gains....you own it for free the rest of your life. And the stock continues to rise.....and doubles again...and again with total return taking into consideration dividends reinvesting too.
I have not missed out on future gains at all. What I did was take my original risk off the table, parlayed that to a new position in another company....and the rest is history.
My grandfather and my father sat me down at 12 years old and taught me this. It has been the greatest advice I ever got.....and I give the same advice to my clients....and to you folks here. Difference is my clients have been paying me for it.....your getting free advice here.
Do with it what ever you want.
But this is called risk mitigation and compounding returns an building a portfolio on profits (and of course any money you keep contributing yourself) But when I was 17 years old I was not making an income. I was a high school student playing ball. And by the time I was 25 years old I built a portfolio from 25K (my seed money was all the bar-mitzvah money I got, my dad turned it over to me and said this is it son you will never get another gift like this so be smart with it) to 100K doing exactly what I just told you. And of course we are far higher since 1995. Average annual of over 10% total return net of taxes in my non IRA account. You can do the math from that.
Stock picking of course is the key. But it is something I am good at fortunately.
And I will say it again. I never met someone go broke taking profits. It is what you do with the profits next that determines your fate. Invest wisely. Not recklessly.
GOLD, GDX, or IAU for Roth IRA account where no tax is paid on withdrawal?Thanks for the heads up. Sub $25 seems like a good entry.
This thing is an animal.
Seriously. That's like an AAPL/ GOOG type chart with no dips. Straight up.This thing is an animal.
I'm just following the lead of the gold guys here that liked GOLD at $25.GOLD, GDX, or IAU for Roth IRA account where no tax is paid on withdrawal?
If you want to call it arbitrary that is fine.Your strategy seems rather arbitrary to me. You’re right no one will go broke doing that but I personally don’t think it’s great advice. I think maybe you’re attached to it because it has personal meaning.
Where were you two months ago?What is the one stock (or stocks) you would buy if starting today? Would you just divide it among the master list? Would you go all in today?
Mostly FZROX and FZILX. Should I just stay put or move some (more) out? Have moved about 30% to cash/CEF over the past few weeks. This is for my main retirement account, not the CYDY/MGM/BLMN account (thanks!).Where were you two months ago?
I'll admit past experience + our boy Chet's been making me think I should sell before close & rebuy. That said I will probably do nothing.I see we're getting a big pre Nader conference call bounce in CYDY. He's done a good job setting expectations low.
This is the question I asked my advisor today when he called on my managed funds to tell me he thought we should be a higher percentage in equities.Where were you two months ago?
I don’t think there is a good entry point for this right now. Bummed I missed it.Got into DKNG this morning at 30.00 even. Kicking myself for not getting in when TripItUp mentioned it in the low 20's. Gonna ride it for a while though - looks like more green ahead!
No but just noticed it's on my biotech watch list.anyone else holding MESO?
Less about a specific vaccine now and more about general optimism regarding the virus and the economy opening back up.So stocks jumped on the MRNA vaccine news. MRNA since down a lot and no vaccine anytime soon.
Stonks go up even more.
Thus far regretting doing nothing lol.eaganwildcats said:I'll admit past experience + our boy Chet's been making me think I should sell before close & rebuy. That said I will probably do nothing.
We are about to find out. Feuerstein with a negative tweet that just got picked up by a lot of twitter shorts.eaganwildcats said:I'll admit past experience + our boy Chet's been making me think I should sell before close & rebuy. That said I will probably do nothing.
I do not disagree with his assessment of this call.We are about to find out. Feuerstein with a negative tweet that just got picked up by a lot of twitter shorts.
Well that is newsyUplisting to nasdaq!
edit: didn’t say Nasdaq - might be nyse
Well market seemed up on Novanax vaccine news so that would hurt MRNA but helps stocks. I do think some of that is air especially when you hear doctors caution about timelines for the vaccine.ghostguy123 said:So stocks jumped on the MRNA vaccine news. MRNA since down a lot and no vaccine anytime soon.
Stonks go up even more.
The one worry is that if the reopening hits a snag, there’s a lot of froth built up ignoring all the bad economic numbers that are real. You can see it in here that people think it’s hysterical that anyone would think there might be a dip again. Reminds me of February when CV impact at all was shrugged off like it could never happen. Maybe we just say F it just keep everything open, but it sure seems like people are way too optimistic.Well market seemed up on Novanax vaccine news so that would hurt MRNA but helps stocks. I do think some of that is air especially when you hear doctors caution about timelines for the vaccine.
I do think the general reopening has been positive. You've seen the states that are reopening at least not closing back down which would have caused stocks to go down a bunch. Still seems ahead of itself but that would explain why MRNA is down but market is up.
I don't monitor this but that seems like kinda a big sell.
Ugh, I had been trying not to look at SE for a while. Got in at $20 a while ago and sold at $35.McBokonon said:This thing is an animal.
I wonder if it’s some sort of automatic thing that happens after hours.I don't monitor this but that seems like kinda a big sell.