$-0.04 (-0.17%) Today
52 Week High
52 Week Low
7 Days Mentions
Everyone who has been with the idea of buying COIN leaps I'm not buying at $38k or so $DKNG Thank me later If you have overall? ~ KAM\_520 ----- [^^Info](https://github.com/trambelus/UserSim) ^^| [^^Subreddit](/r/User_Simulator)
SQ, COIN, NET, CRWD, MTCH, ATVI, DKNG, CRM, PLTR, SOFI, and every Chinese tech stock if you’re into that. Those are just the ones on the top of my head that I’ve been looking at. I’m sure there are many others. Some of these are probably closer to 40-50% off highs, not 60%+.
My state (OR) makes you do all sports betting through the state lottery board. They have their own app for sports bets and it’s actually pretty solid. They announced the other day that they’re officially partnering with DKNG and switching the app over to Sportsbook or whatever it is. Pretty fucking annoying tbh
If it's any consolation it isn't even just cannabis stocks. Check the charts on ROKU, DKNG, FCEL or a bunch of "Growth" stocks. They have all been hammered. At least the numbers and growth makes somewhat sense where cannabis is going.
Ahhhh.... Have you been to Las Vegas ? It never stops growing. ESG investing ? ... What does that have to do with DKNG ? They're burning through cash right now for customer acquisition... But the industry will consolidate eventually and DKNG will be a dominant player. Their growth rate is phenomenal.
Sports gambling in the US seems incredibly unattractive, given the IRS will tax any profits (and you actually need to itemize to offset losses) and individual states are putting their own taxes on the operators. Applying logic to a vice like gambling might not be the best approach, but the regulation in the US will make the average gambler lose money incredibly quickly, which has to be bad for long term growth. The wave of ESG investing will also be bad for institutional holding in DKNG. Though if it’s profitable that shouldn’t matter too much in the long term
DKNG Only 18 states currently with legalized gambling. Huge states to come. Eventually will get acquired by a media company (Disney ?) and fully integrated into a streaming platform (Hulu and possibly multiple platforms) allowing people to gamble directly from their couch while watching games. While it's been beat up ... Now is the time to accumulate. You're welcome.
Literally just explained to you lol, here's the link for you too see. They're literally bleeding money every single month, how do you think they're surviving if there's no money coming in? Answer is debt. Anyway, assuming you're a DKNG supporter, we'll see how next couple months unfold, can't really call future, but hopefully both of us can agree, anyone that's held DKNG, has pretty much been bleeding last couple months. Upvote or downvote, people agreeing or disagree is subjective, but money gain or loss is there, that's something no one can debate on. https://finance.yahoo.com/quote/DKNG/financials?p=DKNG
What makes DKNG a meme stock? Because a few people mentioned it on WSB? Online sports betting isn’t even legalized nationwide yet. Draftkings has brand recognition and will definitely be on top of the industry once the dust clears with all of this volatility. It’s going to get to a point this year when the stock is just too cheap.
As mentioned by u/innnx and u/r2pleasent, DKNG will not even be profitable for the time being. The corresponding market segment will surely grow in the future but the "profit" is not likely to grow easily. Note also that there are also many, arguably much more promising, European competitors in the associated market (providers and software developers), most of which are making huge profits, unlike DKNG. My overall impression is that the competition is simply too fierce. DKNG is basically sacrificing everything to increase its market share. It boils down to whether you believe in this questionable strategy or not. I suspect that most people do not buy this strategy now.
First off, if you’re going to compare an online only global betting/iGaming stock to a biotech and a tech stock then we can just not go any further. ‘Cuz SPAC’ isn’t a reason. Also, as I mentioned before, SEAH’s valuation was never determined by TAM/growth stock metrics from the outset, even though the sector it is in has many that did use that metric. Many SPACs that have come to market and are now trading well below NAV had PIPEs that were redeemed shortly after de-SPAC. Add in the HFs shorting and lack of profits and that’s why those companies are doing so bad. SEAH/Super Group isn’t even like companies in their own sector that have undergone the transition like DKNG and RSI. A lot of gambling companies have been decimated because they were way over valued and are not profitable yet.
DKNG is a PoS. But there's other companies that actually make profit which have been dumped hard. ZM, COIN, LULU for example. If these stocks continue to grow revenues they could easily double or more within a couple years.
Well my Baba was. But average down and it’s looking up lately. LVS - another average down and after today I feel so much better. I have 5 others that I have averaged down and waiting. All Red. CGC DKNG WWR VLDR CHWY Other nibbles on some really depressed small caps.
I say go with your 3 choices $KO, $T, and $DKNG. There is a reason you choose those 3. Plus Coca-Cola and AT&T are stable blue chips that aren't going anywhere that will help balance out the risk and volatility of Draft Kings. Just make sure to reinvest the dividends of Coca-Cola and AT&T into more shares.
Let's ignore fundamentals and just proceed to the assumption that most wealthy people didn't get that way by being stupid. They may be a bit lazy so they're waiting for their credit cards to renew so that their subscriptions get cancelled but they aren't going to sink any more money than they have into the clothes rack in the corner that kind of looks like a bicycle - but they're not stupid. They'll drive a LCID car that they may buy from an AN dealership. They'll place their sports bets ond DKNG. They'll exercise on a PTON bike. They'll have meetings on ZOOM. They'll sign contracts on DOCU. They'll be vaccinated with MRNA. And they'll avoid buying all of those stonks like they're the plague.
DKNG looks like garbage. The other two won't give you big growth. Note: I own AT&T and plan on buying either Coke or Pepsi very soon. But I'm not buying them for "big growth". I think Coca Cola is a solid company with decent dividends. AT&T had a rotten 2021 but has potential to right the ship in 2022. I don't expect amazing things, though.
Agreed, DKNG has been my favorite stock -- and perhaps my largest return -- but I don't have a single stock in it. I'm just one of their users. I've made over 1000, possibly closer to 1500, just being a new user. And hand to god i hardly even gamble, I've maybe put down two or three bets a month
$PLTR and $DKNG people for the love of God stop buying at these prices. Look at $RKT, $FUBU, and $HOOD. That is the next stop for you. And after that, all 5 may go down to the sub $3 like $WISH. There is no reason to light your money on fire.
DKNG goes 100 mph on a scooter with no helmet. i see hard competition from established brand name casinos and a lot of cannibalization from their current revenue generators. if they can keep this up for a few years it may pay off, but one fuck up and they could wreck themselves.
Companies that have negative earnings while interest rates are at 0 can and probably will continue to go down. When i look at DKNG i see that their market cap is 10B (!!) but their yearly revenue is arround 1B. Thats revenue, not earnings. Their earnings its negative 1.2B so far ytd. This is the kind of shit people would want to avoid as interest rates increase. Unless they like a gamble or have some inside information that they will suddenly become profitable. This is just one of many examples of companies suck where the stock price hopefully will reflect it soon. Just because the price was high at some point does not mean it will ever return to that value.