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Scruffy
USA Fan
Member since Jul 2011
62851 posts

Expectations for PENN
What are everyone’s expectations for PENN?

I’ve accrued a pretty good return so far, but I’m curious how much higher it can go.

My thoughts are that once sports return, it has the potential to increase significantly, even above its previous high.

Right now, it is holding pretty steady at ~$29-29.50.

Thoughts?

For reference, I bought in at $14.11.

I’m not playing with a significant amount either. Really just extra that I had lying around.
This post was edited on 5/22 at 12:12 pm


FMtTXtiger
Member since Oct 2018
889 posts

re: Expectations for PENN
take your investment out and let the rest run forever ??????





Scruffy
USA Fan
Member since Jul 2011
62851 posts

re: Expectations for PENN
Yea, definitely makes sense.

I don’t mess around in the stock market normally.

This is my first real foray into this world that I don’t understand.


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olemissfan26
New Orleans Saints Fan
Oxford, MS
Member since Apr 2012
4114 posts

re: Expectations for PENN
HODL



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Lsut81
Chicago Cubs Fan
Member since Jun 2005
71934 posts

re: Expectations for PENN
quote:

What are everyone’s expectations for PENN?


I’m kicking myself in the arse about Penn... had the chance at Penn for $10 weeks back and instead went with USO thinking there would be a crawl back with more upside since it was 80% off its highs.


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cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
21509 posts

re: Expectations for PENN
quote:

For reference, I bought in at $14.11.

it is highly unlikely it would go back down to 14, unless we get shut down again.

so, you are relatively assured a profit. unless you need that money for something else i'd leave it be.


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62
Pnels08
Houston Astros Fan
Member since Jul 2014
6757 posts

re: Expectations for PENN
I think PENN has huge potential, I had some money in at really low price and pussed out for a decent bit of return.


Got back in once I saw it started picking up. But once sports picks back up and gambling picks back up they should be good to go imo


jimjackandjose
Member since Jun 2011
4177 posts

re: Expectations for PENN
I sold out... waiting for a couple bad news days for reentry. May just miss it all together


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AlexLSU
LSU Fan
Member since Jan 2005
25341 posts

re: Expectations for PENN
I owned it at $11 and sold around $15 in search of greener pastures and assuming consumer discretionary would continue falling. Now, I own a smaller position at $24 and could run the numbers easily to see my strategy was a mistake, but instead, I’ll just stroke myself over my new 15% return



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LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
6317 posts

re: Expectations for PENN
I got in at $20, rode it down to $10 and back up. I have a sell order at $30, then I'll probably just wait and see what happens. Not a huge position, but I'll take the 50% gains.


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TD SponsorTD Fan
USA
Member since 2001
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BZ504
LSU Fan
Member since Oct 2005
2319 posts
 Online 

re: Expectations for PENN
I had been trading it and decide to buy a few shares yesterday at $29.00. Wish I would’ve kept what I originally bought at $12. Got more money into MGM at the moment.


LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
6317 posts

re: Expectations for PENN
quote:

Got more money into MGM at the moment.


Kind of considering taking my PENN money and moving it to MGM.


Bucktail1
LSU Fan
Member since Feb 2015
2077 posts

re: Expectations for PENN
Why? MGM was just downgraded.


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hiltacular
Georgia Tech Fan
Philadelphia
Member since Jan 2011
16166 posts

re: Expectations for PENN
The big growth vision is Barstool Sportsbook, online gambling coupled with the in person casino sportsbook. Get the young barstool "Stoolie" gambling through the platform and hopefully going to the casinos for the "barstool experience". They are hiring for this here in Philly.


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
21509 posts

re: Expectations for PENN
In how many big cities though is an in person casino legal?
I’m not sure a sports book only casino is going to get the kind of volume that can justify the overhead

certainly I could be wrong


tduecen
New York Yankees Fan
Member since Nov 2006
150920 posts

re: Expectations for PENN
Wish I had bought that cheap, I've held off because I discovered it at 25


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CHiPs25
Atlanta Falcons Fan
ATL
Member since Apr 2014
2022 posts

re: Expectations for PENN
How high can it go? I don’t watch other casino stocks but can a casino stock get up into the 40s??


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MIKEDATIGER
LSU Fan
AUSTIN
Member since Oct 2007
1740 posts

re: Expectations for PENN
Long time lurker , when it went under $4 I figured it was going to $0; so held off.

Kicking myself daily


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hiltacular
Georgia Tech Fan
Philadelphia
Member since Jan 2011
16166 posts

re: Expectations for PENN
I think the initial plan is to build out a barstool sports book area within their existing infrastructure where possible. From there they will mimic the fanduel meadowlands bar/sports book concept


LesThanPrefect
New Orleans Saints Fan
Cenla
Member since Dec 2010
677 posts

re: Expectations for PENN
I bought a 5/26 call at $19 strike about two weeks ago when it was 17 dollars a share. I sold it when it hit 22. Really kicking myself, it’s worth bout a thousand more dollars right now.


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