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hiltacular
Georgia Tech Fan
Philadelphia
Member since Jan 2011
16571 posts

re: How high will Draft Kings stock go? Still a buy at $63?
I don't think its that PENN had a really nice week.


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Falco
LSU Fan
Member since Dec 2018
318 posts

re: How high will Draft Kings stock go? Still a buy at $63?
Bought a ton between 48-49 thinking I was getting a steal...


TigerCrude
LSU Fan
Member since Oct 2019
751 posts

re: How high will Draft Kings stock go? Still a buy at $63?
Same


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Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1848 posts

re: How high will Draft Kings stock go? Still a buy at $63?
quote:

By the look of the price action on DKNG today (all week, really), this seems to describe me pretty well... unless something positive happens by tomorrow at 4:00PM.


Well, Friday came and went and I’m now the “proud owner“ of DKNG @ 47. Like I said, I’ll consider this one an investment to hold medium to longer term, although I may sell some OTM covered calls on it to generate some income as I wait.

Earnings coming up somewhere around the second week of November, I believe. Should be a vol spike just before then. Anyone got any news tidbits that us longs should be aware of? I’m guessing the NFL Covid outbreak is part of what’s depressing the price?


Tigers4life
LSU Fan
North Carolina
Member since May 2004
1573 posts

re: How high will Draft Kings stock go? Still a buy at $63?
quote:

Anyone got any news tidbits that us longs should be aware of?


Already gave it to you and that is the one you need to know short term.

quote:

I’m guessing the NFL Covid outbreak is part of what’s depressing the price?


93 million shares freed up tomorrow so I know what I'm worried about.
This post was edited on 10/19 at 8:42 am


Tigers4life
LSU Fan
North Carolina
Member since May 2004
1573 posts

re: How high will Draft Kings stock go? Still a buy at $63?
Wouldn't be surprised to see 38s but a guess obviously.


PillPusher
New Orleans Pelicans Fan
Gulf Coast
Member since Oct 2009
3641 posts

re: How high will Draft Kings stock go? Still a buy at $63?
Also 100 share holder. But closer to 50. Gonna wait for a nice big green day to sell my call. Try to get as much premium as I can.


FLObserver
LSU Fan
Jacksonville
Member since Nov 2005
8400 posts

re: How high will Draft Kings stock go? Still a buy at $63?
i think if some of the states vote to legalize sports betting that could help this stock out. I'm holding.


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Member since 2001
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Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1848 posts

re: How high will Draft Kings stock go? Still a buy at $63?
Yep. Much appreciated. Thanks for that.


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Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1848 posts

re: How high will Draft Kings stock go? Still a buy at $63?
I’m with you on that. Also watch the IV and IV percentile rank on your platform.


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1848 posts

re: How high will Draft Kings stock go? Still a buy at $63?
Apart from the share sale in the short term, that would certainly provide some good growth prospects in the longer term.


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cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
23604 posts

re: How high will Draft Kings stock go? Still a buy at $63?
if you want DKNG here is the entry, 43+


FLObserver
LSU Fan
Jacksonville
Member since Nov 2005
8400 posts

re: How high will Draft Kings stock go? Still a buy at $63?
quote:

if you want DKNG here is the entry, 43+


I orginally got in about 38 a share. Sold a small percentage but have kept the majority of my shares even with the downturn. I still think this will doulble even be near 100 by end of next year. They just keep adding shares every time this makes a run though.


djrunner
LSU Fan
Baton Rouge
Member since Jun 2010
5001 posts

re: How high will Draft Kings stock go? Still a buy at $63?
bought this am at $42.40. I kept 25% of my total investment on the sidelines and will invest at $38 if it gets there.
Working out so far.


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
23604 posts

re: How high will Draft Kings stock go? Still a buy at $63?
just went green


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Tigers4life
LSU Fan
North Carolina
Member since May 2004
1573 posts

re: How high will Draft Kings stock go? Still a buy at $63?
quote:

Wouldn't be surprised to see 38s but a guess obviously.


Still watching 38-39 area for possible support. Obviously the health of the overall market and PENN's earnings this week could influence the price also. Just a target i'm watching....not a call so DYODD.


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