Penn National Gaming, Inc. (PENN)

I am short against . Also,  - added to on weakness this morning - along with his cousin are getting jiggy.

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.

Here is a list of ETFs/stocks I purchased last evening: SPDR S&P 500 ETF , Invesco QQQ Trust , iShares Russell 2000 ETF , SPDR S&P Biotech ETF , PayPal , DraftKings , Penn National Gaming , Disney , Netflix ($402), Upland Software (new, software nam...

When I referenced being back in a short in the previous post - I didn't chronicle the wide spread damage under the market's hood. Besides the large-cap tech carnage consider the weakness in illiquid/speculative gewgaws, crypto-related equities, larg...

High acquisition costs and a smaller addressable market than many believe exists have kept me away from and : *JIM CHANOS SAYS HE INITIATED SHORT POSITION IN DRAFTKINGS:CNBC — zerohedge (@zerohedge) December 2, 2021

* What's to like? Very little.. * Though the averages have held up (thank you "Nifty Seven"), a look under the hood reveals a dismal picture of broken stocks and charts  "Last thing I remember, I was Running for the door I had to find the passage ba...

If you are trading/investing in Penn National Gaming , I am told there is a New York Post article suggesting that Bar Stool Group cannot compete for gambling in New York.

The rally in the pull forward group of stocks seems decisively over and the recent deterioration in the share prices of this group of stocks may continue.  I was terribly early on this concept - I covered some of my favorites pull forward stocks lik...

Boy oh boy was this a good tell!  Check out and today - both are up over +5%! Jul 20, 2021 ' 12:14 PM EDT DOUG KASS Green in a Sea of Red (Part Deux) Yesterday I mentioned I often key on stocks that are green in a sea of red on weak days - in a "sea...

Yesterday I mentioned I often key on stocks that are green in a sea of red on weak days - in a "search" for good trading opportunities.   Yesterday and were green and they are following through today.

I often look for stocks that are green in a sea of red - in order to isolate long trading rental opportunities in the days ahead. Two stocks - and - are notable today as potential near term trades on the long side.

DraftKings and Penn National Gaming are moving towards buying territory. Finally.

"Beware of false prophets, who come to you in sheep's clothing but inwardly are ravenous wolves." - Matthew 7:15  In a maturing bull market, contrarian views can be enlightening.  I will again note how critical one should look at "Group Stink" espec...

* Price was not truth in March for the online betting outfits   In early March, when Draft Kings traded at $74, I was considering a short sale.   At that time, DKNG and Penn National were league leaders and everyone was Gaga at the GoGo over on line...

I recently remarked that the league leading online gaming stocks look like they are rolling over.  That includes Penn National Gaming and DraftKings .  I wouldn't be buying... at current levels.