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JescoWhite
LSU Fan
Ripped Out Of The Frame
Member since Jul 2011
513 posts
 Online 

re: Draft Kings
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 at 11:17 am


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PotatoChip
LSU Fan
Member since May 2014
1684 posts

re: Draft Kings
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?


LSUregit
LSU Fan
Member since Dec 2013
1388 posts

re: Draft Kings
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.


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BuzzSaw 12
Georgia Tech Fan
The ATL
Member since Dec 2010
2187 posts

re: Draft Kings
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.


igoringa
LSU Fan
Tejas
Member since Jun 2007
11202 posts
 Online 

re: Draft Kings
So draftkings at a $15 billion market cap is worth Caesars and Wynn combined? Seems rich although I understand the model is way different.


Jwodie
LSU Fan
New Orleans
Member since Sep 2009
7037 posts

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


Jwodie
LSU Fan
New Orleans
Member since Sep 2009
7037 posts

re: Draft Kings
quote:

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


Make it up 105% now...

Unreal. Still holding.


JescoWhite
LSU Fan
Ripped Out Of The Frame
Member since Jul 2011
513 posts
 Online 

re: Draft Kings
Seems to be defying all logic with no sports for betting.


PotatoChip
LSU Fan
Member since May 2014
1684 posts

re: Draft Kings
They now have a 17 billion dollar market cap!


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dj30
New Orleans Pelicans Fan
New Orleans
Member since Feb 2006
26816 posts
 Online 

re: Draft Kings
KBO started this week, lol


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20
BuzzSaw 12
Georgia Tech Fan
The ATL
Member since Dec 2010
2187 posts

re: Draft Kings
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.


Bob Sacamano
Tulane Fan
The Whale's Vagina
Member since Oct 2008
4565 posts

re: Draft Kings
Weird on Etrade it says the market cap is 940m.


jimjackandjose
Member since Jun 2011
4364 posts

re: Draft Kings
Bought at 10 and sold at 13

Missed the fsly tip but did well on this one


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LSUregit
LSU Fan
Member since Dec 2013
1388 posts

re: Draft Kings
DKNG. Does this thing ever go down?


BuzzSaw 12
Georgia Tech Fan
The ATL
Member since Dec 2010
2187 posts

re: Draft Kings
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.


FLObserver
LSU Fan
Jacksonville
Member since Nov 2005
8258 posts

re: Draft Kings
very interested in this but how are they surviving with no sports?


WB504
New Orleans Saints Fan
New Orleans
Member since May 2008
5137 posts

re: Draft Kings
Seems they dove into online gaming. You can bet on things like madden simulations and call of duty matches.


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dj30
New Orleans Pelicans Fan
New Orleans
Member since Feb 2006
26816 posts
 Online 

re: Draft Kings
KBO tournies fill daily.
Esports
LOL
MMA


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BuzzSaw 12
Georgia Tech Fan
The ATL
Member since Dec 2010
2187 posts

re: Draft Kings
They've added weekly options today so more opportunities to trade this name. Now they just need to add some more strikes.


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tzimme4
Chicago Cubs Fan
Metairie
Member since Jan 2008
21580 posts
 Online 

re: Draft Kings
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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