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Nope, no borrow. Seems like only 2MM shares short right now, which isn't that much with, what, 500MM shares outstanding? This thing is mostly held by retail, so until we see more institutional holders, there won't be a borrow available. Least that's my read. Been 12 years since I shorted anything so I'm rusty.
Can't we all just get along? No worries about anything from my standpoint. I think you hit the nail on the head about everyone having different goals.
and only allow so much profit taking before you step in and start buying again.
At this point I think DFS is at best a very distant third place in terms of importance for DraftKings. Basically a rounding error compared to sportsbook and casino.
I hear you, it's still fun as long as you're not losing money, but that's a different debate.
The PGA contest I'm in today is a Double-up, so doubles my $ if I'm in the top 150 out of 344. It's a $10 contest so they pocket profit of 44 people's entry fees for not doing anything. My only point was that the cost of their revenue has to be extremely low.
Have been doing more work/talking with a very into golf buddy. His thoughts are that is is basically a Top Golf clone (CEO is from there) with little to differentiate beyond using the Trackman technology. They have a lot of debt but it is secured by real-estate (presumably golf course). The twitter thread @eaganwildcats shared is a little fast and loose with stats and valuations, but there could be some opportunity if they can beat Top Golf to certain markets. I think COVID impacts that expansion plan pretty severly.
getting bulled up on fast & loose twitter threads and FBG threads is quite literally my investing strategy. My hypothesis is there is enough room for both based on how packed they always seem (idk why a bigger city couldn't support both). I started nibbling this morning at 1.80. Have another order in at that level and then 1.75 and 1.70. Will see how tomorrow plays out.
Hey, sure. Was just giving my impression. I'm intriguied as well and may take a flier too.
Mike Mayo on Bloomberg a few ago: Take your money out of bank accounts and put it into bank stocks
I mean, they don't know who got the medicine and who got the placebo, but they know who is improving and who isn't. And I'm assuming grabbing bloodwork along the way. When you watch the story of the 23 year old on the youtube video, it's probably not a coincidence that her bloodwork started improving within a day of receiving the injection. They have to have a pretty good idea, even without unblinding.
I bought 17 shares of DKNG at $20.20. I'm not selling for now, but thinking about purchasing more if they continue falling. I am thinking longer-term on these as well, if COVID wipes out baseball this year, sports will eventually come back.
No worries. Cos gave me crap about the same thing a few weeks ago. I want all of us to make a ton but ####s gotten real the past week! It’s now my second biggest stock and I’m pretty sure I wasn’t expecting that. Been a great surprise.
I said the same thing earlier this week. Blind means you don’t know who got the doses and who got the placebos but you’d know of it was working just based on how many people got better. It wouldn’t be that he’d to put together your idea of the results early. I was thinking base on the crazy run up that some of the results and/or the up listing were definitely leaking out.
I’m sure they have some knowledge that we don’t. Rich get richer, here’s to hoping we all get into that group.
That buy is why I bought 2k shares at the close. Thanks for bringing it to our attention.
Mike Mayo is a managing director and head of U.S. large-cap bank research at Wells Fargo Securities.Mike Mayo on Bloomberg a few ago: Take your money out of bank accounts and put it into bank stocks
I got into DKNGS on a decent position in the high teens, I'll add around $29, I feel right below that $30 mark others might be jumping on board too... Think that would be a good exit point.
No worries it's not like you were playing the dark side at a craps table and cheering or something. Big difference between that and for rooting for something positive for everyone here that locks someone into "only" 30x profits.
What was the rake on pokerstars during it's height? Had to be like 10% or something if I recall, right?
That is my hope as well. I am heavier than I'd probably like in DKNG but it's not like this is an airline or restaurant where every day of shutdown is causing them huge amounts of debt. Still it is a very sentiment driven stock so it can definitely impact the stock price (majorly) even if it's not impacting their risk of continuing to exist as much as many others with a more physical product.I'm such a degenerate I've been submitting both NASCAR and PGA lineups in Draftkings.
What are the overhead costs that DKNG has to maintain? I wouldn't think they'd be much. They can temporarily slash their marketing budget and the cost of creating contests has to be almost nothing, with a 12% rake just for hosting it. It seems like they should be able to ride this out until CYDY changes the world.
No worries it's not like you were playing the dark side at a craps table and cheering or something. Big difference between that and for rooting for something positive for everyone here that locks someone into "only" 30x profits.
What was the rake on pokerstars during it's height? Had to be like 10% or something if I recall, right?
That is my hope as well. I am heavier than I'd probably like in DKNG but it's not like this is an airline or restaurant where every day of shutdown is causing them huge amounts of debt. Still it is a very sentiment driven stock so it can definitely impact the stock price (majorly) even if it's not impacting their risk of continuing to exist as much as many others with a more physical product.I'm such a degenerate I've been submitting both NASCAR and PGA lineups in Draftkings.
What are the overhead costs that DKNG has to maintain? I wouldn't think they'd be much. They can temporarily slash their marketing budget and the cost of creating contests has to be almost nothing, with a 12% rake just for hosting it. It seems like they should be able to ride this out until CYDY changes the world.
Agreed. I’m not talking about CYDY doing it, I’m talking about a doctor telling his friend, etc. It’s not the CYDY team driving the stock price, but I wouldn’t put it past an interested investor(s) nosing their way into anecdotal results like the girl. It’s not a secret lab in Racoon City.
Agree. I imagine all staff is on high alert on maintaining privacy of the records.
this is nice, but don't think it has much to do with the repeatable pattern since last Thursday.
Very true, hasn’t been just a today thing although before the pause it was definitely up more today than it had been. Took a few days to go 3-4 and 2 days to go 4-5 and 1 day to go 5-6 and almost come close to 7 intraday.
I just put a limit order in. Count me in the FOMO. I could lose it all and it would be about like my worst weekend gambling on football and hey I couldn't even write that off my taxes. But at least I'll have some skin in the game with others here.
