re: Dkng Gaming up 9% today

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NCAA tourney and nba playoff, plus hockey. Should be decent gambling

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Revenue should increase, as it's been doing consistently with DKNG. That's not the issue. The issue is costs/expenses to grow, particularly advertising expenses in new markets, is significantly outweighing revenue growth at this stage in their company development. In this macro-environment, that is not gaining a lot of traction.

DKNG will do well long term, but the short term macro-related headwinds will continue to undermine the stock price (similar to many other early stage hyper-growth companies in industry XYZ).

There is a lot of potential here. I have a very sizeable chunk of my 'play' money invested in DKNG. Generally I'll just say over $5K but less than $25K. My average cost per share is $17.7. It was in the high 20's before Febuary... I've been slowly buying every dip since then.

I'm a long term believer but before the stock goes back over $20 again they'll need to show consistent increases in profit (not just revenue). That may not be possible for a couple more years.