Not much to say other than waiting for the end of the reversal and to see a clear cut bounce here.
Couple articles about how $DKNG is running low on cash.
SPAC that still is trying to get money in the door. Wouldn't be surprised to see a secondary offering soon for more money. Pre season is coming up. Have not heard word on what is going to happen for games. Could just be out of the loop on that. Not sold on $DKNG paying this high of a premium.
Lots of competitors in the space. Also if Vegas gets shut down, $DKNG will be pulled down with the rest of the market as it is in bed with all of the other casino stocks.
Couple articles about how $DKNG is running low on cash.
SPAC that still is trying to get money in the door. Wouldn't be surprised to see a secondary offering soon for more money. Pre season is coming up. Have not heard word on what is going to happen for games. Could just be out of the loop on that. Not sold on $DKNG paying this high of a premium.
Lots of competitors in the space. Also if Vegas gets shut down, $DKNG will be pulled down with the rest of the market as it is in bed with all of the other casino stocks.