|Day Low/High||12.66 / 13.87|
|52 Wk Low/High||9.77 / 64.58|
Let's see if DKNG could rally from here.
I have no intention of chasing stocks higher - after Friday's remarkable advance. I am a buyer on weakness. My only buy this morning was ($12.85).
Jefferies resumes coverage of DraftKings with a $33 price target.
As the Fed tries to steer the smoking U.S. economy into a soft landing, many funds have been reduced to cyber rubble. But we can find some working -- or workable -- parts amid the rust and embers.
* Added to at $13.45 and selected names in space ( , ). * Added to under $10 (new name yesterday)
* The market (and money) never sleeps -- and neither do I, it appears! * Futures turned slightly lower in the evening -- extending the steady losses of the last week. * The S&P oscillator grows more oversold. "Workin' on our night moves Trying to ...
New position in DraftKings ($10.52). More when things quiet down...
Upside - +17% (Chernin Group-led consortium confirms to acquire $263M in Funko) - +11% (earnings, guidance) - +10% (earnings) - +6.8% (earnings) - +5.2% (earnings, guidance) - +5.2% (earnings, guidance) - +4.6% (earnings, guidance) - +2.3% (earnings...
These names are for potential 'bottom fishing' in the weeks ahead as the markets remain volatile to start a new trading week.
I'd prefer a smaller play with a slightly longer timeframe on this one.
* Three of the most dangerous words in an investors' lexicon are... "total addressable market" * A dead cat bounce is possible but challenges towards the road of profitability for streaming and on line gambling suggest the stocks are unattractive fr...
Wells Fargo downgrades DraftKings (price target reduced to $19). More on online gambling stocks in my opener.
There's a primary reason why DKNG investors are racing for the exits on Friday.
I am going into the EPS with no position - as stated earlier this week: Feb 15, 2022 ' 01:45 PM EST DOUG KASS DraftKings Might Miss I was bidding for DraftKings (DKNG) yesterday but didn't pick up any on weakness. The midpoint of management's estim...
I was bidding for DraftKings yesterday but didn't pick up any on weakness. The midpoint of management's estimate implies a doubling of revenues (quarter over quarter). But with state reported data indicating that promotions have been very high ov...
I am back bidding for under $22. I sold out my long investment last Wednesday: Feb 09, 2022 ' 10:59 AM EST DOUG KASS Out of DraftKings Into the EPS report - which I don't think will be inspiring! - I am taking advantage of the strength in online g...
Some of the beaten-down names are seeing life. Here's how to play PLTR.
Into the EPS report - which I don't think will be inspiring! - I am taking advantage of the strength in online gamers in anticipation of the first Super Bowl with online gambling. I just sold my above $23.15. I have been successfully trading DKNG o...
Eight of the 11 SPDR sector ETFs closed in the green on Monday, this time led by Materials, Discretionaries, and Financials.
I am short against . Also, - added to on weakness this morning - along with his cousin are getting jiggy.
I am buying some more in front of what I expect to be a crappy EPS release at $21.22.
Adding to at $21.31 now.
The market took a whoosh lower and I reacted - perhaps counterintuitively, but in the case of for a trade: * Took a long rental in at $444.57 * I have added back to my at $35.69 * Back long under $300. * Added to at $20.55. * Added to at $68.75 * Ad...
I am back to a full position in .
Buying back some at $21.70 off of the gap higher.
* And full disclosures For those that are counting here are the average prices of my executed orders: Long Buys * $21.86 * $18.02 Long Sales * $233.12 * $23.74 * $45912 * $47.02 * $3110 Short Sales * $98.06 * March $440 calls $22.91 * SPY March $...
I neglected to mention that I sold out my yesterday and I materially reduced my near the close on Tuesday. PENN and DKNG have advanced by +10% and +15%, respectively, over the last few days, reducing the reward vs. risk ratio.
Today's buys: , , , , , , , , and .
Let's check the charts as DKNG finally gets bounce to trade from the long side.