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$PENN at $14 right now

Posted on 3/24/20 at 9:39 am
Posted by HeLeakin
Member since May 2014
3313 posts
Posted on 3/24/20 at 9:39 am
If you bought when it was at $4 last week, you're balling right now.
Posted by mylsuhat
Mandeville, LA
Member since Mar 2008
48945 posts
Posted on 3/24/20 at 9:41 am to
I did



But only 1 share



(never played w/ stocks and deposited $100 this week to try it out. Only had $5 left in there at the time)
Posted by HeLeakin
Member since May 2014
3313 posts
Posted on 3/24/20 at 9:42 am to
I'm not a big player either but like to have fun every now and then. I bought last week too. Unfortunately, i didn't wait for it to hit $4 and bought a little higher. Either way, I'm happy.
Posted by Tri City Tigers
Member since Oct 2018
2343 posts
Posted on 3/24/20 at 9:43 am to
It was a great buy at $4. I think the market is still going to drop a lot after the unemployment rate comes out, but enjoy the short wins like today!
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22320 posts
Posted on 3/24/20 at 9:48 am to
I did not know gov't was bailing out casinos and the stay-at-homw was being lifted. I did not know that.
Posted by BZ504
Texas
Member since Oct 2005
9470 posts
Posted on 3/24/20 at 9:49 am to
I bought a few shares at $7.50.
Posted by prostyleoffensetime
Mississippi
Member since Aug 2009
11438 posts
Posted on 3/24/20 at 10:02 am to
I bought this morning at $13... 5 whole shares.

My brother went all in and bought 10 shares at $6.
Posted by Tri City Tigers
Member since Oct 2018
2343 posts
Posted on 3/24/20 at 10:06 am to
quote:


I bought this morning at $13... 5 whole shares.



Too soon.
Posted by Challenger2006
Member since Mar 2014
166 posts
Posted on 3/24/20 at 10:09 am to
Bought 80 shares yesterday at $9. I would have gotten a lot more but had to wait on Robinhood to validate me as I just signed up.

If it takes a hit Thursday/Friday, I’m loading up on more casinos/gambling.

Posted by Pnels08
Member since Jul 2014
9179 posts
Posted on 3/24/20 at 10:23 am to
Almost pulled the trigger


Now I'm poor
Posted by Mudminnow
Houston, TX
Member since Aug 2004
34147 posts
Posted on 3/24/20 at 10:30 am to
I never have but would like to. What site are you using? How long does it take to get set up?
Posted by HeLeakin
Member since May 2014
3313 posts
Posted on 3/24/20 at 10:36 am to
I use etrade. Making an account just takes a few minutes. Once you initiate a deposit into the account, it might take 3 days to be able to use the money to start buying stocks.
This post was edited on 3/24/20 at 10:37 am
Posted by mylsuhat
Mandeville, LA
Member since Mar 2008
48945 posts
Posted on 3/24/20 at 10:44 am to
E*Trade

Takes a few days for them to activate your account to have buying power
Posted by WB504
New Orleans
Member since May 2008
5874 posts
Posted on 3/24/20 at 12:06 pm to
Should I sell or just keep riding the wave ?
Posted by mylsuhat
Mandeville, LA
Member since Mar 2008
48945 posts
Posted on 3/24/20 at 12:10 pm to
Penn was in the $40's before all of this
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 3/24/20 at 12:12 pm to
I really want to buy puts against this stock but the IV is insane. How is this company worth anything with the shutdown? It was skyrocketing before the fed began pumping.
Posted by prostyleoffensetime
Mississippi
Member since Aug 2009
11438 posts
Posted on 3/24/20 at 12:16 pm to
I’m a novice here, but why wouldn’t you ride it out until they’re back to generating a bunch of sports and casino gambling income? They also were just getting started with Barstool, so what’s the combo of those two factors going to do to the stock?
Posted by hiltacular
NYC
Member since Jan 2011
19678 posts
Posted on 3/24/20 at 1:08 pm to
quote:

I really want to buy puts against this stock but the IV is insane. How is this company worth anything with the shutdown? It was skyrocketing before the fed began pumping.


Barstool can still generate revenue for them which a lot of other casino stocks can't say but yes I have a hard time seeing how any revenue from sports/gambling is generated anytime soon. Casinos may be able to open late April/May but large sports events are not happening anytime soon.
Posted by Huge Richard
Member since Dec 2018
3743 posts
Posted on 3/25/20 at 1:20 pm to
What’s everyone strategy with this? If you have a nice gain, selling or holding?
Posted by BZ504
Texas
Member since Oct 2005
9470 posts
Posted on 3/25/20 at 2:54 pm to
I sold at $15.00. May pick it back up if it drops more.
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