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re: PENN national gambling buys 36% of Barstool Sports

Posted on 2/7/20 at 8:22 am to
Posted by mule74
Watersound Beach
Member since Nov 2004
11286 posts
Posted on 2/7/20 at 8:22 am to
Barstool doesn’t have to give out bad picks. They do that already by accident. They aren’t gambling geniuses.

Also, there are hundreds if not thousands of services dedicated to beating the sports books, and guess what, the casinos are still the there.
Posted by RedHawk
Baton Rouge
Member since Aug 2007
8839 posts
Posted on 2/7/20 at 10:06 am to
quote:

Gambling is evil, bad for the soul of America, and only harms individuals, families and society. Gambling has no positive for anyone except those in control of gambling. Everyone else loses. Gambling is prostitution’s cousin.

I will never invest in a gambling company. Nor do I respect anyone willing to do so.


In my best Kevin (Mr. Wonderful) O'Leary Voice, "So what are your sales?"
Posted by boomtown143
Merica
Member since May 2019
6679 posts
Posted on 2/19/20 at 12:19 pm to
This stock is doing very well for me!

It's def a long term hold....so much potential
Posted by NiKo
Member since May 2019
142 posts
Posted on 2/20/20 at 3:43 pm to
I am long on PENN. This is huge.
Posted by mule74
Watersound Beach
Member since Nov 2004
11286 posts
Posted on 2/26/20 at 2:20 pm to
PENN is getting reamed today and yesterday.

I bought some yesterday. May by more today. This is a 100% American operation. No virus exposure. Also, gambling is recession proof. Socialism proof. Etc.

Barstool is going to catapult them to the front of the pack.
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
646 posts
Posted on 3/5/20 at 11:06 am to
aaaaaaand all of the Barstool gains have been wiped out
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30541 posts
Posted on 3/16/20 at 12:24 pm to
down -40% today. glad I didnt jump on the barstools news. I thought I missed the boat. down to $9
Posted by mylsuhat
Mandeville, LA
Member since Mar 2008
48928 posts
Posted on 3/16/20 at 12:59 pm to
huge opportunity buy
Posted by hiltacular
NYC
Member since Jan 2011
19665 posts
Posted on 3/16/20 at 1:11 pm to
quote:

I bought some yesterday. May by more today. This is a 100% American operation. No virus exposure. Also, gambling is recession proof. Socialism proof. Etc.

Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22236 posts
Posted on 3/16/20 at 1:16 pm to
quote:

PENN national gambling
Just bought it at 9.40
Posted by mule74
Watersound Beach
Member since Nov 2004
11286 posts
Posted on 3/16/20 at 1:24 pm to
quote:

I bought some yesterday. May by more today. This is a 100% American operation. No virus exposure. Also, gambling is recession proof. Socialism proof. Etc.


I lost a ton on this. I'll own that. To be fair, I sold it last week, so I did not get savaged today.
Posted by hiltacular
NYC
Member since Jan 2011
19665 posts
Posted on 3/16/20 at 1:28 pm to
Don't get me wrong, no one could have predicted this

I think its a great buying opportunity at the moment.
Posted by Jpeazyy
Member since Feb 2016
136 posts
Posted on 3/16/20 at 1:46 pm to
Would you buy now or wait for it to possibly go down more?
Posted by Civildawg
Member since May 2012
8547 posts
Posted on 3/16/20 at 2:33 pm to
I’m down about 67% in this stock. I’m hoping like hell it rebounds
Posted by CHiPs25
ATL
Member since Apr 2014
2894 posts
Posted on 3/16/20 at 7:27 pm to
Glad to hear I’m not the only one in this. I bought when it was in the high 20s. I’ve already come to grips that I’ve lost the money so anything up is a gain for me.
Posted by TigerDeBaiter
Member since Dec 2010
10256 posts
Posted on 3/16/20 at 8:45 pm to
quote:

I bought some yesterday. May by more today. This is a 100% American operation. No virus exposure. Also, gambling is recession proof. Socialism proof. Etc


Ouch. Until there’s no sports or casinos. Not calling you out for being wrong here, but just pointing out how insane it is where we are today vs a couple weeks ago.
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22236 posts
Posted on 3/17/20 at 2:35 pm to
You coulda-woulda-shoulda made a fortune today trading peak and valleys.

PENN Day Range 7.00 - 10.07
Posted by Jpeazyy
Member since Feb 2016
136 posts
Posted on 3/17/20 at 3:19 pm to
You think it will continue to drop?
Posted by mule74
Watersound Beach
Member since Nov 2004
11286 posts
Posted on 3/18/20 at 9:39 am to
quote:

think its a great buying opportunity at the moment.


Trading at $4.40 now.

Hope you didn’t get in on this. It’s just comical at this point.

Posted by 632627
LA
Member since Dec 2011
12718 posts
Posted on 3/18/20 at 9:50 am to
quote:

gambling is recession proof.


i don't think this is accurate.

Vegas struggles worse than anywhere else during recessions.

sure, an addict will still gamble during financial hard times, but the casual gambler won't.
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