DraftKings (DKNG)

Looking for DraftKing stock in Freetrade DKNG

Bump. Would love this to be added!

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Looks entertaining
Drone Racing League embraces sports betting in partnership with DraftKings
| Engadget

Me too. Long time fan.

The lost merger between DK and FanDuel a few years back would have been interesting but probably for the best it never happened.
DK has been looking at European expansion for some time - would love to see them on FT.

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They already are.:+1:

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Few friends that are very experienced in stock market say the American crash is coming? Bought dkng for $55ps seen it rise to $70 dropped to $57 and now back up to $69 what’s people’s take on it? Re-buy on dip? Or is it just gonna keep rising and dropping for months! Can see long term massive gains with only about 26 states allowing the online gambling rules currently :thinking:

The crash is always coming lol. Question is how big of a drop can it be? and which sectors? as I saw Tech had it mid Feb due to money being transferred to other sectors as recovery is coming with hospitality etc but Gambling sector didn’t drop…

Regarding DKNG price target they say is $82 and long term is $100+ but yes it will drop back and forth like a yo-yo. If it drops at 59 or less I will be in but I am not touching it right now if it keeps moving between $67 and $72.

$74 seems to be the resistance.

Also, Flutter shareholders want Fanduel to be its own IPO so that will be interesting.

I can see it being like $120-$140 long term especially when more states change the gambling laws like NY and CA the big boys :rofl: I was waiting till maybe $40 but will it drop that much or lower​:thinking: didn’t it merge with fanduel?

No I think Flutter wanted to buy DKNG but it didn’t happen which would have merged both.

I think top 3 in the US are DKNG vs Fanduel vs Penn National with MGM Barstool Sportsbook catching up and then you have the rest of the brands with the small market share here and there.

One of regulations is an online betting brand has to partner with a land based casino unless its owned by the land based casino.

As Caesars casino is left behind they had to buy a brand to gain the online market share and are buying William Hill US only - https://www.cnbc.com/2020/09/30/caesars-to-buy-william-hill-for-3point7-billion-in-sports-betting-drive.html

Time to go in?

My thoughts are that we need the NFL season back in full swing before we see it trend higher. As additional States get approval you hope the lofty valuation is justified with the growth

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I dipped my toe in. All the US books have slumped a little which looks to be a mix of things but the olympics positives has defo spooked them further. Agree with the NFL, it’s not far away now. They had plenty of success betting through last year and teams did well with managing through the restrictions so I don’t see much different this time.

There’s a hit piece coming on the Barstool Founder (Dave Portnoy) so don’t be surprised if $PENN tanks briefly on no apparent news on the stock :grimacing:

He can just review another pizza place and I’m sure they’ll bounce back :joy::pizza:

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I think can go lower I’d look at even near or below $30 or wait to see about the investigation results :thinking:

It will cost me more than a toe if it gets down there and goes pete tong.

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Think I bought for $36 or $42 sold for $51 think was about 16-20% so I’m happy I did especially seeing “court proceedings mentioned” took the profit and ran

Been bit before with the amigo setup! Got in to deep to sell so riding that out now!

Didn’t want the same result :pensive::man_facepalming:

Anyone got any new takes on DK? Handed my ass to me thus far but I’m only more enthused about the long term objective with this. Should I give it up or continue to dig in…

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This stock was always on my radar they have been hit bad by recent events …I think it’s a solid long term hold I might get in now
would be nice to get near that $30 valuation