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ThePTExperience1969
LSU Fan
Baton Rouge, LA
Member since Apr 2016
10997 posts

How high will Draft Kings stock go? Still a buy at $63?
I bought in 15k total at $30 and $35

My best performer since ‘Rona


taeemwar
Dallas
Member since Apr 2010
379 posts
 Online 

re: How high will Draft Kings stock go? Still a buy at $63?
Been thinking about adding more shares but haven't pulled the trigger.


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TheLSUriot
LSU Fan
Clear Lake, TX
Member since Oct 2007
1244 posts

re: How high will Draft Kings stock go? Still a buy at $63?
No idea. I bought in at 32, got greedy. Sold at 45 anticipating a pull back due to covid related issues with pro sports so I could buy back it when it dropped. I'm still waiting...


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FLObserver
LSU Fan
Jacksonville
Member since Nov 2005
8553 posts

re: How high will Draft Kings stock go? Still a buy at $63?
I bought in the low 30's and holding my shares for a long time I believe there was a price target at 75. This is my largest holding but i'm holding on to buying more until the election and to see if the covid pops up again in the winter months. If it dips back into the 50's i will buy more but long term this will be over 100 in a year or so if the covid doesnt close everything down again.
This post was edited on 10/2 at 5:49 pm


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1918 posts

re: How high will Draft Kings stock go? Still a buy at $63?
quote:

If it dips back into the 50's i will buy more but long term this will be over 100 in a year or so if the covid doesnt close everything down again.


Got down to 50.61 today. Did you go for it or holding off?

What's the downside narrative? The share sale by insiders and/or the prospect of pro sports being hampered by the positive tests recently?


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
24333 posts
 Online 

re: How high will Draft Kings stock go? Still a buy at $63?
quote:

What's the downside narrative? The share sale by insiders and/or the prospect of pro sports being hampered by the positive tests recently?

both...short sighted but thats the market.
if you like DKNG you should be buying here

legal sports books had the highest volume ever in SEP


FLObserver
LSU Fan
Jacksonville
Member since Nov 2005
8553 posts

re: How high will Draft Kings stock go? Still a buy at $63?
Yeah Plan on buying more. They keep adding shares everytime the stock makes a run. that seems to drop it for a week or so. I been out of town but wait and see what happens tommorrow may pick up some more. I still believe in a year this will be over a 100.


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Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1918 posts

re: How high will Draft Kings stock go? Still a buy at $63?
quote:

both...short sighted but thats the market. if you like DKNG you should be buying here


Thanks to you both.

So far I’ve just used it as a short term underlying for options trades (usually puts). Very pleased to this point with the IV and price action. The trade I have on now is a 47 strike put sale, but it’s in my investment, not trading account. So if it hits, maybe I’ll hang onto it instead of “wheeling it” with covered calls.
This post was edited on 10/8 at 5:29 pm


Tigers4life
LSU Fan
North Carolina
Member since May 2004
1617 posts

re: How high will Draft Kings stock go? Still a buy at $63?
I've been buying a little DKNG but the gap in the 40s could get filled. Not sure and it's all spec at this point for me.


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PotatoChip
LSU Fan
Member since May 2014
2081 posts

re: How high will Draft Kings stock go? Still a buy at $63?
Was bored and downloaded the app. Can we not bet on games in Louisiana through the app? I’m dumb to online sports betting. And if I can’t bet, definitely not worth investing.
This post was edited on 10/8 at 8:59 pm


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
71972 posts

re: How high will Draft Kings stock go? Still a buy at $63?


PotatoChip
LSU Fan
Member since May 2014
2081 posts

re: How high will Draft Kings stock go? Still a buy at $63?
So, I have to lie about being in Mississippi? Just asking to bet in the future. It sounds dumb. I opened an account when Tulane was beating Houston 24-7 to pick Houston to come back and win. They just kept giving me options to draft a team, not to bet on games.
This post was edited on 10/8 at 9:26 pm


PillPusher
New Orleans Pelicans Fan
Gulf Coast
Member since Oct 2009
3840 posts

re: How high will Draft Kings stock go? Still a buy at $63?
Betting via mobile phone is not legal in Louisiana. Neither is it in Mississippi. All you can do in Mississippi is play daily fantasy via DraftKings which you cannot do in LA.


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rintintin
Tulane Fan
Life is Life
Member since Nov 2008
15150 posts

re: How high will Draft Kings stock go? Still a buy at $63?
They won't let you play if you have a LA ip address, or a VPN. LA, as usual, is behind on everything.

As far as DKNG, I've been buying this week. I like this as a long term hold.


kengel2
LSU Fan
Team Gun
Member since Mar 2004
18054 posts
 Online 

re: How high will Draft Kings stock go? Still a buy at $63?
Im out for a hot minute.


papz
LSU Fan
Austin, TX
Member since Jul 2008
9000 posts

re: How high will Draft Kings stock go? Still a buy at $63?
2nd support level is 48. If it drops under that, I may load up the truck.


kengel2
LSU Fan
Team Gun
Member since Mar 2004
18054 posts
 Online 

re: How high will Draft Kings stock go? Still a buy at $63?
quote:

2nd support level is 48. If it drops under that, I may load up the truck.


Oh, Ill hop back in. It just erased all my earnings from the first go up.

Not taking losses.


jangalang
West Virginia Fan
Member since Dec 2014
17486 posts

re: How high will Draft Kings stock go? Still a buy at $63?
Make sure y’all are parking some cash in LCA too...


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go ta hell ole miss
New York Yankees Fan
Member since Jan 2007
8879 posts

re: How high will Draft Kings stock go? Still a buy at $63?
quote:

2nd support level is 48. If it drops under that, I may load up the truck.


In what range, 40-41 or even further below?
This post was edited on 10/9 at 10:43 am


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
24333 posts
 Online 

re: How high will Draft Kings stock go? Still a buy at $63?
quote:

Not taking losses.

me either I just dumped mine at break even
I put a buy order in at 42
This post was edited on 10/9 at 10:47 am


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