AngusMcK

$PBH - POINTSBET - New listing. Might be worth a watch.

Long
ASX:PBH   POINTSBET HOLDINGS LIMITED
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2
I was having a look through some of the newly listed stocks on the ASX and thought this might be interesting. JIN has been one of my best performers and I feel this is a little similar in the space it operates in. As I post this, there are 67 buyers for 209,812 units and only 18 sellers for 127,415 units. One to watch to see what it does.

Pointsbet Holdings Limited ( PBH ) is a corporate bookmaker with operations in Australia and New Jersey (United States). PointsBet has developed a scalable cloud-based wagering Platform through which it offers its Clients innovative sports and racing wagering products. PointsBet's product offering includes Fixed Odds Sports, Fixed Odds Racing and Points Betting. PBH announced Hawthorne Race Course Inc. as their sports betting partner in the State of Illinois.
Comment: Nice quick 25% gain in a crazy market

Comment: Getting close to $4.50 and trending strongly. Might be a bit of a pull back.

Comment: Starting to pull back a bit. Has run so hard needs to consolidate a little.

Comment: Nice run. Up 130% since first identified. Feels overextended at this stage so would wait for a pull back before considering an entry at this stage. Great if you already hold.

Comment: Pull back happened and looks to be recovering. Might be a good time to enter if you agree.

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Comments

Hi Angus. Are you still expecting it to pull back, or is it possible for it to carry on outside of its upward channel? Cheers
Reply
AngusMcK SindubioJunior
@SindubioJunior, it’s hard to know. Certainly running well. You could try and entry and stick a stop loss 5% below your buy and see how long it runs.
+1 Reply
@AngusMcK, not a bad idea idea. I might just sit on the side line and see if it consolidates in the near future.
+1 Reply
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