Boiler Room: The Official Stock Market Discussion

[Hiphoplives4eva]

TSLA surging. Will likely come down next week so will buy then.

Bought 1K worth of DKNG and a few shares of NIO.

 

[Ashyneezz]

How far do y'all see DKNG going?

 

[dora_da_destroyer]

i stay wanting to consolidate my portfolio, but there are too many choices one smaller account i started with 5 stocks in it is up 71% over like 7-8 months, why would i sell out of these!?

 

[Hiphoplives4eva]

How far do y'all see DKNG going?

Yahoo is now a part of Verizon Media

Another article

Why DraftKings Stock Could More Than Double -- Barrons.com
11:40 AM ET 11/17/20 | Dow Jones
Related Quotes

10:44 AM ET 11/19/20
Symbol Last % Chg

DKNG

49.74 4.33%
Quotes delayed at least 15 minutes




By Connor Smith

DraftKings stock has a new bull, and he sees huge upside. Shares of the online-betting firm were rising on Tuesday.

Loop Capital Markets analyst Daniel Adam initiated coverage on DraftKings stock (ticker: DKNG) with a Buy rating and a $100 price target. That represents 127% upside from recent levels.

The company's shares popped on Friday after it reported earnings and raised its outlook for 2020 revenue. Its forecast for revenue in 2021, at between $750 million and $850 million, also represents huge expectations for growth.

Adam wrote in a note on Monday that he sees online sports betting and iGaming, or online casino games, as the most significant growth drivers for the stock. He estimates that the total market for the two areas combined could be as large as $30 billion at maturity, far more than the consensus view of about $20 billion.

About 75% of U.S. states now have either legalized sports betting or have introduced legislation to do so, Adams noted.

He said DraftKings has a tremendous opportunity to grow in both existing and new markets. While New Jersey is among the most developed sports-betting markets, Adam believes it is far from mature, given the state only legalized sports betting two and a half years ago, The market is seeing huge year-to-date growth.

"We believe DKNG will emerge the clear share leader in online gaming given its powerful brand, early mover advantage and digital-first DNA," he wrote.

DraftKings stock was up 4.3% to $44.72 on Tuesday morning, while the S&P 500 index was down 0.9%.

Write to Connor Smith at connor.smith@barrons.com

> Dow Jones Newswires

November 17, 2020 11:40 ET (16:40 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

 

[Hahahaha]

JMIA is flying. Should have bought more a few weeks back.

 

[ill]

i stay wanting to consolidate my portfolio, but there are too many choices one smaller account i started with 5 stocks in it is up 71% over like 7-8 months, why would i sell out of these!?

When facing problems like this, one way to look at it is this:

Over the next 6-12 months (whatever your time frame is) will my current stocks (A,B,C) outperform other stocks that you may be looking at (X,Y,Z).

If over your time frame you expect the new stocks XYZ to gain more % than the stocks you're currently holding (ABC) then you may want to switch up. If you're not sure the new stocks will outperform your current, then stick with current.

Its pretty simple logic but having the mindset of "What stock will give me the most performance over this time frame" is a good starting point on wether to consolidate, diversify, etc.

 

[Rickdogg44]

Of course my dumb ass sold a covered call this week on tesla after it started dropping on Tuesday. I may roll it out and up. Or just take my L (still make profit tho, premium + strike higher than basis)

Rolled it out to December 18, $550 strike

If that happens, Santa will be good to me

 

[ExodusNirvana]

Fine.

I'll bite on Pfizer at $36

 

[Scholar]

FSD beta progress coming along. Next week's update has big implications for wider roll out

 

[K-Deini]

Pennys brehs, NAKD running wild today. Easy scalping there

 

[blues_funk_reggae]

AMD just took a nice jump.

 

[Scholar]

AMD just took a nice jump.

That company Is slept on

 

[Serious]

JMIA @VFib

 

[Serious]

TSLA surging. Will likely come down next week so will buy then.

Bought 1K worth of DKNG and a few shares of NIO.

How come you never replied when I was inquiring about JMIA, you could been making this money

 

[Serious]

When facing problems like this, one way to look at it is this:

Over the next 6-12 months (whatever your time frame is) will my current stocks (A,B,C) outperform other stocks that you may be looking at (X,Y,Z).

If over your time frame you expect the new stocks XYZ to gain more % than the stocks you're currently holding (ABC) then you may want to switch up. If you're not sure the new stocks will outperform your current, then stick with current.

Its pretty simple logic but having the mindset of "What stock will give me the most performance over this time frame" is a good starting point on wether to consolidate, diversify, etc.

I’ve been slowly closing positions because I’m trying get it down to 4 or 5 stocks. That way it’s easier to dca