I was thinking about DKNG back when they were at about $35. Never pulled the trigger and regretted it.
I think the business model is sound and it has a good future. They will be able to ride many waves like betting on eSports.
People will bet on anything so they can really expand.
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Yea I agree. I bought DKNG a few months back before the pullback and didn't set a stop loss. I ended up lucky that it went back up and sold out for a decent profit.
I didn't get back in after but it just seems too high and the risk/reward just doesn't seem as nice. I might just wait for an algo trigger, have it be above the 50 DMA and then buy an option. I just don't want to bag hold.
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I havent looked at this in like 6 months (well maybe 4), it was a while.
It had a great run so I kind of lost interest.
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