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Stock Thread (10 Viewers)
- Thread starter St. Louis Bob
- Start date
identikit
Footballguy
tuffnutt
Footballguy
McBokonon
Footballguy
Apparently Hindenburg has surmised that nefarious people sometimes get involved in gambling.
I sold my $DKNG a while ago but I might trade it based on this. I have to say, though, that these guys at least seem to get a short report correct every now and then so I’ll at least read it. If this was Citron I’d already be buying.
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Dwayne Hoover
Footballguy
No statement from Draftkings yet but I'm not selling. Agree that gambling has never been a squeaky clean business. As long as Draftkings continues to have their partnerships in place and as long as U.S states continue to legalize sports betting, its going to be fine.
JoeSteeler
Footballguy
Looks like there is quite a bit of upside even at this price point?
$TRCH
BassNBrew
Footballguy
McBokonon said:
While I believe in the opportunity the one thing that has held me back on DKNG sniffing 1% of my portfolio is the history of this company and some of the past scandals. I also have a concern that the Vegas groups will snuff these guys out via gov't interference.Dwayne Hoover said:
McBokonon
Footballguy
I sold because I fear that while it might be the leader in a growing industry, gambling apps will be a commodity, by and large. Could be wrong, of course. That said there might be a short term trade here.
Pipes
Footballguy
Dumped my DK since my basis was mid $30's. Only had 80 shares and will look to buy back in if/when it dips below $40. With the amount of branding they are doing with the NFL, MMA etc...can't turn on a sports channel without seeing their ads/images plastered everywhere I believe in them long term.
Bob Sacamano
Footballguy
Was briefly under $42 this morning, while I was still snoozing.McBokonon said:
That's pretty much my write point for puts. Sad I missed it. Looking to re-initiate my positions.
General Malaise
Footballguy
I read through a little bit of this. Seemed a bit flimsy and at times a bit of a reach, but DKNG needs to respond and hopefully they can provide answers to some of the accusatory questions. Gambling stocks have ties to bad actors? I'm verklempt with surprise.Dwayne Hoover said:
Bob Sacamano
Footballguy
The most offensive thing in there is that someone thinks Gisele Bundchen is qualified to advise on governance issues.I read through a little bit of this. Seemed a bit flimsy and at times a bit of a reach, but DKNG needs to respond and hopefully they can provide answers to some of the accusatory questions. Gambling stocks have ties to bad actors? I'm verklempt with surprise.
General Malaise
Footballguy
General Malaise
Footballguy
I mean.....they really are positioned to be the kings here, no pun intended. Imagine the DKNG coffers if Brooklyn and LA meet up in the finals?
tuffnutt
Footballguy
Best guess... I think this goes to $15 by end of week, but... if it goes to say $25 I will consider it as I think that’s probably double what the dividend will be. But if it goes $40-50( I know it’s doubtful) im Out dividend be damned. But even if I hold I feel really great about being on the ground floor in a company that could be huge 5 years from now. So it’s win win for me.
Edit to add- I am Still new to all this and my no means an expert. This is just my thoughts from the research I’ve been doing.
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Dwayne Hoover
Footballguy
I think Draftking is going to shrug off this short report and move on quickly, its already happening, didn't really hurt that much. Many things speculative are getting crushed today so part of it is just overall market sentiment.
Bossman
Footballguy
It’s at an all time high so not surprising to see some dipping off the peak. JPM isn’t a tech company that explodes but it was getting close to doubling from the bottom and it had only gone down 1/3.
Desert_Power
Footballguy
FYI, if you are holding DNMR warrants you have about an hour left to exercise them. Apparently they moved the date up big time last month. Merrill called about it today.
Desert_Power
Footballguy
BassNBrew
Footballguy
tuffnutt
Footballguy
McBokonon
Footballguy
Our old friend $OPES ($BFI now) is joining the Russell Microcap index. This is one of the first SPACs we all played. Anyway, been keeping an eye on them since the price hasn’t moved much, but they keep winning awards, Martha Stewart is on the board, etc. Want to watch and see if we have another potential Shake Shack.
Blast from the past. I didn’t have a lot of faith in it so I sold it probably around $12 for a tiny loss/profit or break even and just reinvested. Glad I kept TTCF out of the two of them. The price really has gone nowhere since pre-announcement.
Have they had earnings calls go well or badly? I haven’t watched them at all.
I’ll be honest though that I prefer Five Guys to Shake Shack. Both are too expensive, even in NC, but at least Five Guys fills me up. Those Shake Shack burgers are White Castle slider size.
identikit
Footballguy
Five Guys is the greasiest and bestest.
Disclaimer: Never had Shake Shack, but once upon a time owned some of their stock.
McBokonon
Footballguy
Earnings have been ok, revenue grew >30% but I didn’t dig beyond that. I want to see how they’re doing when things are normal.
We have one here, never been. I’ll give them a try at some point. Never had Shake Shack. Five Guys is ok but honestly I just grill my own whenever we want burgers because they’re easy and delicious.
BassNBrew
Footballguy
And again.
Sorry guys, but I just hopped in so you should probably sell today and buy back in a couple of days.
McBokonon
Footballguy
Also in $UPST news: NAFCU Services Announces Upstart as a Preferred Partner for their AI Lending Platform for Credit Unions
This is pretty big, I think. Still pulling back. I’m adding a little more today per my plan to add a little each day this week.
This is pretty big, I think. Still pulling back. I’m adding a little more today per my plan to add a little each day this week.
BassNBrew
Footballguy
Added some at $116. Also added back the HGEN shares I sold at $22 and the Corsair I sold at $40. Added a couple of RBLX shares on the 10% discount. Considering ditching a share or two of Amazon to free up some cash.
I don’t get this one. I have a feeling it’s better to own now than before this dividend is announced. The speculation on the amount is incredible and way more than the original company was worth.
My limit buy didn’t hit so I might suck it up and buy a little higher. I’m adding this week as well.
IMHO, I’m good with anything from 100-120. Anything under 100 is a massive push but I think we’ll have a hard time getting there unless there is an overall market drop.
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beef
Footballguy
Plenty I like better short term, but I bought it in my Roth as part of the don't look at for 10+ years. I still think their trading apps could really take off. Some people go f'n nuts over these digital cards and paying lots of $ to complete the sets.
JB Breakfast Club
Footballguy
MUDS and VACQ are both making me sad. Two SPAC deals I really liked but each down nearly 20%.
Can’t believe I’m up 5% on APP. Got 100 shares from Fidelity pre-IPO and it took a dump day 1 and lost 25% right away and down 40% at the lowest. Glad I hung on because it ran up very fast. No idea how good it is for the future, but the last earnings report was way better than I expected and made me not sell it yet. It’s nice to at least not be down making the sell and reinvest decision.
beef
Footballguy
I got in on MUDS at this price and it's one of my smaller holdings so not a huge investment for me and easier to swallow the drop. I am really anxious for this merger with Topps to go through and see those earnings reports. It is a buy and forget, but if those first earnings are bad I could change my mind.
I got 100 shares as well and held as it initially tanked. IPO was at $80 I think so when it got back to $76 I sold. Congrats on sticking it out!
Capella
Footballguy
beef
Footballguy
Unfortunately, it seems like I only ever got shares in IPOs that wouldn’t pop so I don’t even bother participating. The SNOWs out there don’t trickle down to us.
I think I’m holding a bit longer. Seems like it’s growing a ton, might sell other things.
