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re: Draft Kings

Posted on 5/5/20 at 11:12 am to
Posted by JescoWhite
Ripped Out Of The Frame
Member since Jul 2011
789 posts
Posted on 5/5/20 at 11:12 am to
Interesting - seems like similar software (if not the same). It is rocking today!

ETA: software similar to what DK would use, I understand they are different businesses.
This post was edited on 5/5/20 at 11:17 am
Posted by PotatoChip
Member since May 2014
4198 posts
Posted on 5/5/20 at 12:37 pm to
Will casinos around the country that are legalizing bets going to hurt them? When Louisiana finally gets on board, I think a lot of money will be gambled through the casinos instead of this?
Posted by LSUregit
Member since Dec 2013
1662 posts
Posted on 5/5/20 at 12:42 pm to
They will work in conjunction with the land base casinos to establish an internet presence. With Covid19, casinos will realize that they will need to evolve in the digital age. State gambling regulatory will be a hinder but I believe slowly, more states will legalize.
Posted by BuzzSaw 12
The Dark Side Of The Moon
Member since Dec 2010
6421 posts
Posted on 5/5/20 at 1:56 pm to
Thinking what I might do is sell some 17.5 puts on the next pullback and see what happens. If it doesn't get assigned at least I'll make a little money for my trouble. It's pushing being overbought on the hourly chart so hopefully a good opportunity presents itself soon.
Posted by igoringa
South Mississippi
Member since Jun 2007
11901 posts
Posted on 5/5/20 at 3:09 pm to
So draftkings at a $15 billion market cap is worth Caesars and Wynn combined? Seems rich although I understand the model is way different.
Posted by Jwodie
New Orleans
Member since Sep 2009
7322 posts
Posted on 5/5/20 at 3:45 pm to
Up 65% on the warrants right now (DKNGW). shite just keeps climbing daily.
Posted by Jwodie
New Orleans
Member since Sep 2009
7322 posts
Posted on 5/6/20 at 1:30 pm to
quote:

Up 65% on the warrants right now (DKNGW). shite just keeps climbing daily.


Make it up 105% now...

Unreal. Still holding.
Posted by JescoWhite
Ripped Out Of The Frame
Member since Jul 2011
789 posts
Posted on 5/6/20 at 1:37 pm to
Seems to be defying all logic with no sports for betting.
Posted by PotatoChip
Member since May 2014
4198 posts
Posted on 5/6/20 at 1:39 pm to
They now have a 17 billion dollar market cap!
Posted by dj30
New Orleans
Member since Feb 2006
29319 posts
Posted on 5/6/20 at 1:56 pm to
KBO started this week, lol
Posted by BuzzSaw 12
The Dark Side Of The Moon
Member since Dec 2010
6421 posts
Posted on 5/7/20 at 2:41 pm to
Look like it might be showing some weakness. Went parabolic this morning but coming back down to earth after trading outside the Bollinger bands for several days. With some more weakness tomorrow I might start a small position.
Posted by Bob Sacamano
Houston, TX
Member since Oct 2008
5290 posts
Posted on 5/7/20 at 11:55 pm to
Weird on Etrade it says the market cap is 940m.
Posted by jimjackandjose
Member since Jun 2011
6635 posts
Posted on 5/8/20 at 9:41 pm to
Bought at 10 and sold at 13

Missed the fsly tip but did well on this one
Posted by LSUregit
Member since Dec 2013
1662 posts
Posted on 5/13/20 at 9:25 am to
DKNG. Does this thing ever go down?
Posted by BuzzSaw 12
The Dark Side Of The Moon
Member since Dec 2010
6421 posts
Posted on 5/13/20 at 11:42 am to
Just took a big shite but recovering. I started a small position the other day at $23.90 and sold the 25 calls. Probably get the shares taken this weekend but it will be a profitable trade. If it tanks then I'll add some lower where I wanted to buy to begin with. Whenever pro sports comes back this thing will probably take off.

Hard for me to commit to something like this though when it's not giving you many good opportunities to get in.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15215 posts
Posted on 5/15/20 at 8:03 am to
very interested in this but how are they surviving with no sports?
Posted by WB504
New Orleans
Member since May 2008
6020 posts
Posted on 5/15/20 at 8:49 am to
Seems they dove into online gaming. You can bet on things like madden simulations and call of duty matches.
Posted by dj30
New Orleans
Member since Feb 2006
29319 posts
Posted on 5/15/20 at 8:53 am to
KBO tournies fill daily.
Esports
LOL
MMA
Posted by BuzzSaw 12
The Dark Side Of The Moon
Member since Dec 2010
6421 posts
Posted on 5/15/20 at 9:40 am to
They've added weekly options today so more opportunities to trade this name. Now they just need to add some more strikes.
Posted by tzimme4
Metairie
Member since Jan 2008
30201 posts
Posted on 5/15/20 at 9:46 am to
quote:

When Louisiana finally gets on board, I think a lot of money will be gambled through the casinos instead of this?

Fall of 2021
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