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Fiddlesticks!
My cost basis with the split is now nine bucks on this. Just ridiculous. Should have dumped my net worth into it.My (very small) brokerage account is 45% AAPL. Today was a good day.
Today I was gobbling up graystone's ethereum trust (ethe) at anything less than $100.
Closing in on a double on the ETH I’m holding on robinhood. The ETH held on Uphold, on the other hand, probably only down like 60%.
We're in luck....stonks always go up!
Man I thought the same thing when I saw the news. PENN was already getting crushed because of the other positive tests but if baseball gets canceled they will plummet.
Mostly likely you are trying to spare me some humiliation, but please allow me to be aloof a moment more:
Not especially.
Oh wow. I'm very optimistic about Monday morning at this rate for ETHE. Immediate double digit % gains?
I'm not entirely sure how we're defining biotech, but SBIO (medical breakthroughs) has done alright. Not apple / Tesla / Sea limited by any stretch but it hasn't lost money for me.
I have an old brokerage account through someone that’s ended up over 50% AAPL.....why rebalance selling this rocket ship when it’s the others in that portfolio that’s sputtered? I’m adding more that I won’t plan to sell for decades, leave it for my kids.My (very small) brokerage account is 45% AAPL. Today was a good day.
I'll wait till the first wave of bad news about football (hopefully college), or start picking it up as it gets closer to 25.... But Penn's app is supposed to debut this fall and is gonna have some big momentum. The brick and mortar casinos managed to pull in over a billion domestic q1 so they are way ahead of draftkings there. When it happened I didn't imagine the barstool deal would seem cheap but it certainly was. Current prices value Penn just over 4.5 billion while draftkings is sitting closer to 10 billion market cap. I can't help but think that this race gets closer in the next 3 years and even if it doesn't, I still think you'll be happy with your horse.
@sporthenry and I have talked about PENN a lot in here. They’re a mess. Tons of debt and very expensive leases on a lot of their properties. There is also a TON of competition in this space. Why DKNG or PENN over FanDuel, MGM, William Hill, etc? Every casino company is going to have an app.
Bought in 2008, I think, at $100 at the time. It went down to $80 and I balked at doubling down.
They have now split 14-1 going back to that point (so actually maybe $7 a share now). It's a decent pile at this point but, sadly, not nearly enough.
Damn.Bought in 2008, I think, at $100 at the time. It went down to $80 and I balked at doubling down.
I think if ever there was a time to be in individual biotech companies it's right now. Not necessarily for the long term hold, but wait for any of them to drop some news then sell on the rip.
I don't see anyone catching up with draftking's momentum anytime soon and that margin could increase dramatically with their new pga partnership. Golf bettors have the largest avg bet size in sports and people will stay where they already are unless given a heck of a good reason to leave. It's not that unrealistic to think that professional golf is the highest bet sport as early as 2021 with plenty of external help.
You don’t think there’s crossover among customers of Draft Kings, Barstool, MGM, William Hill, etc?
Fair technical analysis, I just think everyone's fundamentals are whack.
But that’s the thing, PENN doesn’t even have an app yet. They are WAY behind their competition.
Well long term in the casino industry I like Wynn. On the sports betting side I'm not entirely sure of a specific company so I'd probably look to buy an ETF like BETZ. Deciding when to start averaging in is going to be the hard part though...
If you're building a long-term position, don't time it. Just buy it. Maybe split it up by thirds or whatever. Check back the last few pages.
I agree with McBokonon after costing my self a couple percentage points waiting for a pull back on Friday. I was waiting for a pull back and then ultimately purchased shares ~2% higher than I could have had I just bought immediately. @caustic said waiting for AAPL to pull back has rarely worked for him and that proved to be true on Friday. Based on my (limited) experience with AAPL I would DCA into the position with either 2 or 3 lots over the next week or so.
But why would anyone need or want to go to Vegas anymore? I've already been going up to my room to sit and bet on my phone for half a decade.
I'm not bullish on Wynn for the sports betting, it's for the casino industry as a whole. They have a great reputation, are handling covid better than anyone else and are diversified across Vegas, Boston and Macau. I also like LVS but they are so dependant on the convention industry in Vegas. Big fan of Boyd too but worried about the unemployment rate in Vegas crushing their local clientele over the next couple of years.
Before - technically it's neutral, but a split tends to be a good thing for stock price.
They declare an Ex-dividend date. If you're a shareholder of record that date, then you will receive the dividend the day it is paid. If you sell the day before, even if you held the entire remainder of the quarter, you get no dividend.
This. For just about any investment unless you're Warren Buffett.
I'm definitely not a Vegas kind of guy, but I'm told there's more to it than gambling.
The woman and I saw Absinthe last time we went together and that’s not what you’re talking about I’ll just go now.
The Ex-dividend date. I believe for V right now that is 8-13-20.
