Penn National Gaming, Inc. (PENN)

1.90 4.20
Prev Close 45.38
Day Low/High 45.65 / 49.68
52 Wk Low/High 3.75 / 51.00
Exchange NASDAQ
Shares Outstanding 137.63B
Market Cap 6.25B
P/E Ratio N/A
Div & Yield N.A. (N.A)

Latest News

Tesla Shares May Power Down a Bit Near Term

Tesla Shares May Power Down a Bit Near Term

The charts of the electric vehicle maker are showing some weakening in the stock, though a major shake-out isn't likely.

Today's Trades

This morning I moved from small net long to between small and medium net short in exposure: * I have covered my short calls. * I have moved my long to large. * I have initiated an short. * I have added to my individual stock shorts: 1. Added to and ...

Jim Cramer: Are You a Star Player? Let's Put It to the Test

Jim Cramer: Are You a Star Player? Let's Put It to the Test

Do you know what a company does, does it do it well, and is there anything going on that could change the trajectory?

Jim Cramer: Is the Market More Dangerous Because of 3 New Constituencies?

Jim Cramer: Is the Market More Dangerous Because of 3 New Constituencies?

I can't educate the foreign investors. The professional mutual fund managers think I'm dead wrong. But I can help teach the new retail traders.

Roll the Dice: Penn National Gaming Is Ready for an Upside Breakout

Roll the Dice: Penn National Gaming Is Ready for an Upside Breakout

Do the charts agree?

The Long and the Short of It

* After "playing" the rally off of the March lows (with plenty of longs) I have recently (again) gotten net short of exposure To summarize some my recent activity: * I took off numerous investment longs (for profits) into the rally -- including , , ...

A Midday Market Review

With the exception of a short and an elimination of my holdings - I have done little this morning. * Breadth is still a strong 3.5:1. * Ss (S&P) over Ns (Nasdaq), again, and despite strong gains in Tesla and Amazon . * Bonds are quiet. (I covered my...

Play eSports With These 2 ETFs

Play eSports With These 2 ETFs

I see NERD and new BETZ as great bets in the emerging sports betting and iGaming industry that will see gross gaming revenues reach a $1 trillion in the next decade.

Kass: 1968 Redux?

Kass: 1968 Redux?

Nineteen Sixty-Eight was often considered to be one of the most turbulent and traumatic years of the 20th century in the U.S.

2020 Is Looking a Lot Like 1968, Without the Good Music

We are now in one of those times, like 52 years ago in 1968, that we and our children will always remember. Many of us have spent the weekend watching America burning in despair. As I write this missive, an extended portion of I-95 (in Palm Beach) h...

My Tactical Approach and Current Positioning

* I have liquidated a lot of my long positions and have been averaging into Index shorts lately * I worship at the altar of fundamentals and not of price momentum * Monday I will present a more lengthy analysis of my concerns over the balance of 202...

Penn National Gaming Has Rallied but Its Luck With the Charts May Be Extended

Penn National Gaming Has Rallied but Its Luck With the Charts May Be Extended

Let's review PENN's charts and indicators.

Random Thoughts Near the Close

* This month I learned that being long can be fun. * Breadth has been stuck at 4-1 (positive) for several hours. * Again, we could be seeing a powerful pivot away from growth and towards value. (I am hopeful that this is the start of such a transiti...

New Buy (and Short) Levels

* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...

My Trades This Afternoon

This afternoon (and on weakness) I have made the following trades: * I have added to my new investment long Morgan Stanley . * I am bidding for my speculative package of stocks that will benefit mightily from a sooner-than-expected containment of Co...

PENN Sold, Adding to 5 Others

I sold out my trading long rental on Penn Gaming  based on the announcement of a refinancing. More later. I added to , , , and this morning.

The Merchants of Attention

* So much is said confidently in the financial media * Much of it is "made up" Repeating for emphasis. To almost a person, the talking heads who have been recently parading on the stage of financial media all say (in a very confident manner) that th...

Some Morning Observations

* At the current price of about $151, I cannot easily find such an attractive entry point as Goldman Sachs . (Was -$7 and now almost flat after being +$19 Tuesday). * In just a few minutes just rallied by more than +$2 from my incremental purchase! ...

PENN Again

I am buying back some of the on weakness that I sold yesterday.

Now Comes the Hard Part

Should the stock market continue to follow through after Tuesday's historic advance traders and investors will be faced with some tough decisions: * Does one sell off the trading layer of our portfolios? * Should we maintain our longer term investme...

Better to Own More Speculative and Leveraged Names

I want to take respectful objection to the notion voiced by all the Fast Money Halftime panelists this afternoon - in which they all said it is a good time to upgrade the quality of portfolio names. Actually, at market bottoms, the exact opposite is...

Updates: PENN, TLT, MU

-  was +24% yesterday and is up by another +31% today (to $13). I am selling half here and letting the rest ride. - I have added to my short. - I sold my trading rental in which is +$3.50 on the day. As promised, I also sold my S&P futures.

Updating New Buys

Over the last few days I have established new positions in , , , , , , ,  , , , , and some other more speculative investments. I also initiated a long S&P futures position which I will jettison on an extension of this rally (if it occurs).

Oh, Well

If I only owned , , , and  , I would feel very good today. Alas... that is not the case.

More Buys

Expanded (I don't think I mentioned buying on Friday - was $90 last month, now $47),  , and this morning.

I See a Smorgasbord of Possible 'Generational' Opportunities: Constructing an Investment Portfolio for the Next 1-3 Years

* Before you read this opening missive be sure you understand your risk appetite and profile as well as your time frame * I see a possible "generational" investment opportunity developing and I am now even more aggressively buying for the intermedia...

A Rough Week

From the early morning pre-market high in S&P futures to the after hours we saw a 220-point decline in the S&P -- that's nearly a 10% drop. This afternoon I was hit on bids in additional buys in Penn National Gaming ($8.10), Hartford Financial Servi...