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This boards take on Draft Kings/PENN
Posted on 3/14/22 at 5:23 pm
Posted on 3/14/22 at 5:23 pm
Is now the time to get in, or stay far away.
I’ve watched DFKG a lot over the last year and stayed away, but at this price it may be worth a gamble?
I’m bigger on PENN but it’s tanked as well and there’s not much out there on it.
I’ve watched DFKG a lot over the last year and stayed away, but at this price it may be worth a gamble?
I’m bigger on PENN but it’s tanked as well and there’s not much out there on it.
5
Posted on 3/14/22 at 6:56 pm to BabyTac
As far as betting apps go, DraftKings is the easiest one I’ve used. I tried using barstools first just because I love the company but after 100 connection issues and bets not placing I gave up.
It’s a difficult space to be in right now if they aren’t profitable. Higher rates are going to destroy companies with negative earnings and it takes them a crazy amount of money to acquire customers.
Full disclosure: I have $45 LEAP calls on DKNG that I’m down 50% on
It’s a difficult space to be in right now if they aren’t profitable. Higher rates are going to destroy companies with negative earnings and it takes them a crazy amount of money to acquire customers.
Full disclosure: I have $45 LEAP calls on DKNG that I’m down 50% on
This post was edited on 3/14/22 at 6:57 pm
Posted on 3/14/22 at 8:54 pm to Triple Bogey
Draftkings will always have a crazy high customer acquisition cost… I’d stay away.
Penn likely won’t ever be the #1 but be most profitable
Penn likely won’t ever be the #1 but be most profitable
Posted on 3/14/22 at 8:55 pm to BabyTac
None of these stocks have a moat that separates them from the other. I'm guessing when more states legalize it a few of these Companies may separate from the pack but right now they all selling the same thing. My take is Penn is currently better pick than DKNG but could change in a year or two if they can whether the current storm.
Posted on 3/14/22 at 9:16 pm to BabyTac
I think I’m not taking anymore chances on these plays. Most all of my speculative stocks spectacularly stunk it up in the six months.
Posted on 3/15/22 at 11:41 am to BabyTac
DKNG CEO is terrible. I'd stay far away. He's the major reason for the decline over the last year.
Posted on 3/15/22 at 1:43 pm to FLObserver
quote:
None of these stocks have a moat that separates them from the other. I'm guessing when more states legalize it a few of these Companies may separate from the pack but right now they all selling the same thing.
Our local casino here is launching an app for sports betting
Posted on 3/15/22 at 7:40 pm to BabyTac
No real opinion, other than what others have said. I had it put to me in the mid 40s when I sold some puts last year. I wheeled some calls and it got assigned in the high 40s. I haven’t traded it since. I have some equity and options trading positions in CZR right now that are working out well though.
Posted on 3/16/22 at 8:39 am to LSUStjames
quote:
DKNG CEO is terrible. I'd stay far away. He's the major reason for the decline over the last year.
If I put money into either it will be PENN, specifically because of El Presidente.
Say what you will about the man, everything he touches turns to gold.
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