The Official Stock Market Thread

[k13]

Getting quiet in here...

[monkeymcgee]

Originally Posted by k13

Getting quiet in here...

Eh, I’m only going to do something stupid being active. Just sitting in my positions and trusting my plan.


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[jcardstore]

Originally Posted by k13

Getting quiet in here...

Let us know when the crash is. Till then go do something useful, somewhere.

[cash4cards]

Originally Posted by jcardstore

Bank charter already got approved

I knew they were approved but my understanding was that they weren't completing the actual bank purchase until very late February. Once that happens it opens the next door.

[NeedChapmans]

Another purchase of FB trigger at 210 (40 shares).

Couple more purchases and I'll be more Meta than I am Jokic. 40 more shares ready to go at 200 if we see it, which I'm sure we will.

[TheWrightStuff]

Originally Posted by NeedChapmans

Another purchase of FB trigger at 210 (40 shares).

Couple more purchases and I'll be more Meta than I am Jokic. 40 more shares ready to go at 200 if we see it, which I'm sure we will.

I think close to 185 is the number on FB. We shall see.

[Cavaliercards]

I like Black Rifle Coffee so bought their spac at around $10. Was surprised to see it skyrocket to $22, got my initial investment out plus some and letting the rest sit for now.

[jcardstore]

If anyone is still in DKNG it's time to get out. This thing is an absolute disaster as a public company.

Supposedly they will be EBITDA positive Q4 2023 but I don't buy it. The more they scale the more money they lose.

With so much saturation in the gambling space I just don't see how they could ever possibly become a profitable company

[btmcrushers]

Originally Posted by Cavaliercards

I like Black Rifle Coffee so bought their spac at around $10. Was surprised to see it skyrocket to $22, got my initial investment out plus some and letting the rest sit for now.

Bought 350 shares at 12.75 - just sold all at $20. Weary of holding non LT positions after missing some chances to sell on upside swings back in the fall and those positions now being in big losses.

[k13]

Originally Posted by jcardstore

Let us know when the crash is. Till then go do something useful, somewhere.

This year.

[TheHeel]

Originally Posted by jcardstore

If anyone is still in DKNG it's time to get out. This thing is an absolute disaster as a public company.

Supposedly they will be EBITDA positive Q4 2023 but I don't buy it. The more they scale the more money they lose.

With so much saturation in the gambling space I just don't see how they could ever possibly become a profitable company

I did very well with DKNG; jumped in at 32 and jumped out at around 53 a while ago.

From what I've read, Hard Rock is planning 2-3 casinos in the NJ/NY region. This will probably hurt DK (and other online casinos) if this goes through.

[xbignick]

Originally Posted by jcardstore

If anyone is still in DKNG it's time to get out. This thing is an absolute disaster as a public company.

Supposedly they will be EBITDA positive Q4 2023 but I don't buy it. The more they scale the more money they lose.

With so much saturation in the gambling space I just don't see how they could ever possibly become a profitable company

Always was, though.

Now lower than when I sold...on the post SPAC merger pop! Wild.

[jcardstore]

Originally Posted by k13

This year.

Until then go bother someone else

[Cavaliercards]

Originally Posted by jcardstore

If anyone is still in DKNG it's time to get out. This thing is an absolute disaster as a public company.

Supposedly they will be EBITDA positive Q4 2023 but I don't buy it. The more they scale the more money they lose.

With so much saturation in the gambling space I just don't see how they could ever possibly become a profitable company

Am in Penn and am about to cash out the majority of my stake

[Cavaliercards]

Originally Posted by btmcrushers

Bought 350 shares at 12.75 - just sold all at $20. Weary of holding non LT positions after missing some chances to sell on upside swings back in the fall and those positions now being in big losses.

I do not blame you, I do not mind retaining a smaller stake after getting my initial out and profit. If it swings back up and hits $25 I am all the way out.

[JMarchand1981]

Originally Posted by jcardstore

If anyone is still in DKNG it's time to get out. This thing is an absolute disaster as a public company.

Supposedly they will be EBITDA positive Q4 2023 but I don't buy it. The more they scale the more money they lose.

With so much saturation in the gambling space I just don't see how they could ever possibly become a profitable company

I Have purposefully been sitting on the sidelines of this thread of late.

Forget EBITDA. Just forget it with DKNG. What SHOULD have caught your mind with this report is this.

Revenue was $473m (from $322m).
Net loss was $326m (from $242m).

For every dollar in sales, they lose .70. The model is broken. They lost .75 on every dollar in sales last year. Trimming the loss by a Nickle isn't proof of concept.

Saturation is a problem, kinda. The bigger problem is the kicker they have been having to pay states to become exclusive. So I live in NH. 50% of all profit for NH bets gets kicked back to the state. NH is tiny in the grand scope of things. I would imagine that number to be much greater in states that actually matter where there is more competition.

[jcardstore]

Originally Posted by JMarchand1981

I Have purposefully been sitting on the sidelines of this thread of late.

Forget EBITDA. Just forget it with DKNG. What SHOULD have caught your mind with this report is this.

Revenue was $473m (from $322m).
Net loss was $326m (from $242m).

For every dollar in sales, they lose .70. The model is broken. They lost .75 on every dollar in sales last year. Trimming the loss by a Nickle isn't proof of concept.

Saturation is a problem, kinda. The bigger problem is the kicker they have been having to pay states to become exclusive. So I live in NH. 50% of all profit for NH bets gets kicked back to the state. NH is tiny in the grand scope of things. I would imagine that number to be much greater in states that actually matter where there is more competition.

All of that is just yuck…

I’ve actually been taking this time to really do a deep dive into some different companies to find gems.

Firstly, Google had a blowout ER, absolutely amazing numbers and announced a split. My goal was to get 5 shares before July and I’ve been able to trim some other positions to do it. Great time to buy.

I also opened a short position on CVNA. I know it’s already down a ton but their model has headwinds from all angles this year and the stock will suffer.

Something to check out as a 5yr play would be the silicon carbide industry. Specifically ON and WOLF. They both have their own niche of SiC wafers.

With the electrification of everything there will be massive demand for high voltage devices such as inverters (for solar) and automotive plus many more applications. Worth a look at those 2.

[tchronis24]

Considering getting into sq after earnings this week if it drops

[finfangfan]

Originally Posted by tchronis24

Considering getting into sq after earnings this week if it drops

I’ve kept adding SQ. I think it will weather the storm.

[Cavaliercards]

Originally Posted by JMarchand1981

I Have purposefully been sitting on the sidelines of this thread of late.

Forget EBITDA. Just forget it with DKNG. What SHOULD have caught your mind with this report is this.

Revenue was $473m (from $322m).
Net loss was $326m (from $242m).

For every dollar in sales, they lose .70. The model is broken. They lost .75 on every dollar in sales last year. Trimming the loss by a Nickle isn't proof of concept.

Saturation is a problem, kinda. The bigger problem is the kicker they have been having to pay states to become exclusive. So I live in NH. 50% of all profit for NH bets gets kicked back to the state. NH is tiny in the grand scope of things. I would imagine that number to be much greater in states that actually matter where there is more competition.

Really hope you hop back in as enjoy you in the thread

[k13]

Originally Posted by jcardstore

Well I guess the scheduled crash is over already? Too bad for the guy holding out for a 20% drop. By the time that happens inflation will have eaten way more than 20% of the value of his cash.

Yeah. He got more than a 20% drop on most stocks since then while your averaging down on SOFI...lol

[jcardstore]

Originally Posted by k13

Yeah. He got more than a 20% drop on most stocks since then while your averaging down on SOFI...lol

[Josh611]

Originally Posted by k13

Yeah. He got more than a 20% drop on most stocks since then while your averaging down on SOFI...lol

Since you’re so bearish I take it you own no stocks etfs or anything?

[Fulmer4MVP]

Tomorrow is going to be wild

[k13]

Originally Posted by Josh611

Since you’re so bearish I take it you own no stocks etfs or anything?

I have some bank and oil stocks left.
Puts on the q's.