|Day Low/High||77.92 / 81.38|
|52 Wk Low/High||3.75 / 110.89|
The fund is at a key spot technically, and there is real fear that if this spot cracks, what looks like a stretch of rough rapids could become a waterfall.
Here's what to wait for before going long.
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.
Some observations: * Ss over Ns. And the Russell is not crowing. (I added to my and shorts on the morning's strength). * Banks are lower in a sea of green this morning. It is my view that bank stocks are vulnerable after the runup. I will have a co...
* Slowly, but very surely, prior market leaders have crashed * At times, markets can churn when leadership is unclear or non existent * But, given current high valuations, a more ominous market outcome seems more likely * Consider "Uncle" Bob Farrel...
Here's where I'm comfortable increasing equity exposure to this growing business.
Where there will be change with the FOMC will be in the economic projections, the first made since December.
Overall, I view this as a long-term buy-and-hold name.
The most important thing if you are a GameStopper is that you have to ponder how Unity is worth $29 billion and Activision is worth $79 billion.
What makes GNOG particularly interesting right now is that it has recently called its warrants.
This has given investors an opportunity to load up on small speculative names I love over the next 12 to 18 months.
There is potential to turn VZ from a stable telecom into a 'growthy' type name.
We're headed to Boom Town, so let me show you how to line up your ticket -- and the best picks for the great reopening.
There is a point where if longer-dated yields move high enough, defensive-minded investors will be drawn from equities to debt securities.
* I find a record low number of stocks that meet my standards for purchase today * Book mark this missive! * Stated simply... "You're betraying your whole life if you don't say what you think - and you don't say it honestly and bluntly." - Charles...
I am talking about themes that can stand the test not of today, or tomorrow, but for all of 2021 and beyond.
* There were many! Among my biggest mistakes included: * Selling ViacomCBS * Selling Disney , Facebook , Morgan Stanley and Goldman Sachs prematurely * Selling cannabis stocks * Shorting Apple * Not buying AAPL * Not sticking with my Zoom Video shor...
Sports gambling online isn't the pinnacle to profits. iGaming, or online casino games, are much more profitable.
* The Nasdaq rose by 300 handles and the S&P advanced by 67 handles * The market was easy to dance to and had a good beat- I give this trading day a "95" "My name is Dougie Kass and I am 19. I am from Rockville Centre, Long Island, and I rate this t...
Let's keep an eye on PENN and keep an open mind on the rest.
Here's how I would play PENN as it makes a run toward $70.
Trying to grab a bargain while a stock is falling is fraught with risk; better to wait until a true bottom has formed before buying.
PENN is a runner that I think will end the week above $75.
The October bullish put spread sale opportunity here presents an attractive risk vs. reward.
I'm not bearish PENN in the long-term, but shares are trading 50% above their 50-day simple moving average.
The trend is still up but there are other clues to point out.
So let's have Caesars take us there, as the casino name looks set to run to a new 52-week high.