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re: Expectations for PENN
Posted on 6/2/20 at 9:59 pm to TigerDeBaiter
Posted on 6/2/20 at 9:59 pm to TigerDeBaiter
It seems like rotation out of sports betting stocks into other industries. If we get some real concrete dates on NBA/MLB returning it should push back over 45.
0
Posted on 6/2/20 at 11:32 pm to skewbs
Even draft kings dropped today.
Posted on 6/23/20 at 9:38 am to Whodatforlife21
Of 14% today off of Portnoy’s appearance on Kramer yesterday.
Easy play going forward, see when Portnoy is making a big national appearance and load up on Penn the day before. It jumps every time.
Easy play going forward, see when Portnoy is making a big national appearance and load up on Penn the day before. It jumps every time.
Posted on 6/23/20 at 9:44 am to mule74
quote:
Easy play going forward, see when Portnoy is making a big national appearance and load up on Penn the day before. It jumps every time.
Keep us posted!
Posted on 6/23/20 at 9:47 am to mule74
Really curious to see the app once it’s released. I agree with what they’re selling... they have a good brand to get people immersed vs draft kings which is just the nuts and bolts
That said, their app better have good nuts and bolts too.
I’m unloading my position today at $36.50 from $28.
Will buy again if it goes under $30. I do think it’s going to be a big success. I also think covid could stall that though. We also need sports back
That said, their app better have good nuts and bolts too.
I’m unloading my position today at $36.50 from $28.
Will buy again if it goes under $30. I do think it’s going to be a big success. I also think covid could stall that though. We also need sports back
Posted on 6/23/20 at 9:50 am to TigerDeBaiter
quote:
Will buy again if it goes under $30. I do think it’s going to be a big success. I also think covid could stall that though. We also need sports back
Agreed. And if we get another shut down, it will really damage Penn’s casino business.
This post was edited on 6/23/20 at 12:55 pm
Posted on 6/23/20 at 9:52 am to TigerDeBaiter
quote:
We also need sports back
European soccer is in full swing, and MLS and NBA are starting within the next month. Sports betting is really going to pick up in the next 30 days. PENN is about to shoot through the roof. I know its a small part of the business, but Barstool has to have made a ton of revenue during COVID between PMT activities and the Call Her Daddy drama.
Posted on 6/23/20 at 9:56 am to mule74
quote:
Greed. And if we get another shut down, it will really damage Penn’s casino business.
What’s greed?
Posted on 7/6/20 at 10:23 am to TigerDeBaiter
Reviving this thread as I've been monitoring PENN and noticed it dipped into the $29 range. Seems casino stocks are down across the board over the past week or so, and particularly today. Curious as to the MT's thoughts on initiating a position in PENN at this price level. Does anyone own currently? Are you holding? Anyone buying?
This post was edited on 7/6/20 at 10:24 am
Posted on 7/6/20 at 10:27 am to skewbs
I'm going to hold. I'm currently up 73%, but I'm excited about PENN once more sports return. I also heard they have a new mobile app in the works.
Posted on 7/6/20 at 12:23 pm to skewbs
I got in around initially around $30 and then bought more when it dipped to around $10. I'm holding. Also excited to see where it goes once sports are back up and running.
Posted on 8/8/20 at 10:07 pm to CHiPs25
quote:
How high can it go? I don’t watch other casino stocks but can a casino stock get up into the 40s??
Closed at $49 on Friday.
Posted on 8/8/20 at 10:35 pm to tigers win2
quote:
can a casino stock get up into the 40s
Posted on 8/9/20 at 7:30 am to Scruffy
I think the online sports betting segment has great potential and I like a few names that are pure online casino/sports betting plays better than Penn. I currently have more DKNG and LCA. I’ve been in and out on MGM.
My knock on Penn is that they have awful casino properties. Most of them, like the two in BRLA, are the worst in their market.
Because they were shut down in some places due to Covid they got a pass and any business is new business gives false hope in my opinion.
My knock on Penn is that they have awful casino properties. Most of them, like the two in BRLA, are the worst in their market.
Because they were shut down in some places due to Covid they got a pass and any business is new business gives false hope in my opinion.
Posted on 8/9/20 at 7:54 am to Jp1LSU
quote:
Penn is that they have awful casino properties. Most of them, like the two in BRLA, are the worst in their market.
What are you talking about? They only have one in BRLA, L’Auberge, and it’s the best in the market.
This post was edited on 8/9/20 at 7:55 am
Posted on 8/9/20 at 10:02 am to tigers win2
I only remember them owning Hollywood and Argosy. I just looked up that they divested those two. They still have some crappy casinos though.
Posted on 8/12/20 at 9:23 am to Jp1LSU
Just hit 50 a share
Posted on 9/10/20 at 3:30 pm to CHiPs25
Closed over $64 today.
Posted on 9/10/20 at 3:58 pm to Scruffy
Up around 100% for me today.
Posted on 9/10/20 at 11:00 pm to ColoradoAg03
I am up 300%. Is it time to cash out?
This post was edited on 9/10/20 at 11:01 pm
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