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EBITDAtiger
May 19, 2021 6:49 PM

buy this weakness in DKNG Long

DraftKings Inc.NASDAQ

Description

Stanley Cup playoffs underway, NBA playoffs around the corner. Next earnings report should be stellar. Still like the long-term story and the growth prospects as more states open up gambling/gaming.

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bought even more today. thinking of initiating some long calls as the runway for growth is long. I see it getting up into the 70s and possibly breaking into the 80s with relative ease. Time frame uncertain.
Comments
DigitalData
Can't tell if this is a joke or not, but its in a falling wedge. Ill wait until breakoout but easily see it dropping to a trend
EBITDAtiger
@DigitalData, I bought more today and if it continues to go down I'll just buy more
EBITDAtiger
@DigitalData, I got a similar remark on my short JMIA post; a lot of hate and doubt, and I ended up being right. Sometimes keeping it simple is better than being overly analytical. A falling wedge is bullish anyways
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