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Economy Stonks v11, the stonkening

rob mafia said:
i don't really believe in gnog, but you guys just convinced me to maybe play them tomorrow (barring market change). their IV is high enough and the SP is right by the $20 strike...
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I think GNOG is near the bottom. If DKNG is priced near $50 then GNOG should be at least $25 fair price. Investorplace posted a bullish article on them a few hours ago.

Soul_of_Rage said:
I've been hanging onto my GNOG shares. Secured some of my gains with SKLZ and WKHS earlier. 2020 was good to me.
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Hang in there, near the bottom for GNOG. WKHS has been killing it this week.
 
Gas121 said:
I think GNOG is near the bottom. If DKNG is priced near $50 then GNOG should be at least $25 fair price. Investorplace posted a bullish article on them a few hours ago.



Hang in there, near the bottom for GNOG. WKHS has been killing it this week.
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well, that's just it. imo, this shit's beyond saturated. there are suddenly like 50 gambling stocks and valuations seemed kinda stretched imo. like i don't know why this was worth ~$10 a couple months ago but should be more than double now. there seems to be no real change.

but given that i can sell puts at it or buy and quickly pull 10% in cc's, it's probably worth the risk.
 
rob mafia said:
well, that's just it. imo, this shit's beyond saturated. there are suddenly like 50 gambling stocks and valuations seemed kinda stretched imo. like i don't know why this was worth ~$10 a couple months ago but should be more than double now. there seems to be no real change.

but given that i can sell puts at it or buy and quickly pull 10% in cc's, it's probably worth the risk.
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Why are you all of a sudden factoring economics into a stonk?
 
rob mafia said:
shit, my bad. STONKS ONLY GO UP
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tenor.gif
 
lol rob youd be up 30% on straight equity if youd bought the NKLA crash
 
Gas121 said:
I think GNOG is near the bottom. If DKNG is priced near $50 then GNOG should be at least $25 fair price. Investorplace posted a bullish article on them a few hours ago.



Hang in there, near the bottom for GNOG. WKHS has been killing it this week.
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lol bro DKNG has like 5x the market share of GNOG hate to kill your vibe, but it's not a straight stock price issue to value like that.
(I'm pulling that exact number out of my ass)
 
Absolutely love GNOG, but it's a long play. They are fully operational in just a single state, so I love the potential.
 
rob mafia said:
well, that's just it. imo, this shit's beyond saturated. there are suddenly like 50 gambling stocks and valuations seemed kinda stretched imo. like i don't know why this was worth ~$10 a couple months ago but should be more than double now. there seems to be no real change.

but given that i can sell puts at it or buy and quickly pull 10% in cc's, it's probably worth the risk.
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I would argue many sectors are currently over saturated and over valued but in this market all fundamentals seem to have gone way out the window long ago. Most current stock prices are scary as fuck in my opinion but hey this is the most retarded market since the dot com bubble.

The catalysts I guess is online gambling is new and the market is only going to grow from here.

GAMBLING/EV/SOLAR will be where my money is heading this year. The returns are going to be outrageous I guarantee it because investors do not give a shit about P/E and basic fundamentals of investing anymore. Might as well ride the bubble.

brackis1 said:
lol bro DKNG has like 5x the market share of GNOG hate to kill your vibe, but it's not a straight stock price issue to value like that.
(I'm pulling that exact number out of my ass)
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I am a fan of DKNG and hold the stock too. GNOG will take more market share as states continue to open up. I think long term they will both do well. DKNG notably is pretty established but I would bet GNOG stock will double before DKNG does. Fuck me GNOG is cheap is this retarded market lol.

Stonks will continue to go stonking.
 
Gas121 said:
I would argue many sectors are currently over saturated and over valued but in this market all fundamentals seem to have gone way out the window long ago
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exactly. but even taking this into account, most gambling ones seem insane. especially the SPACs with no real changes. (but again, with 1/15 a week away and gnog's position, i'll probably make some kind of play on it)

i'm with you on solar, but with some caveats and etc. EV i think is far beyond ludicrous and a crash is inevitable. there may be a lot of money to be gained by bulls prior to it, though. but i'm not sure i'd want to risk it outside of day trades or etc.
 
lulz all my growth tard shit is up.
BLNK trading at 44 with a spot offering at 41 is so lol but will prolly get ignored as more random idiots using their fake welfare checks bid shit up.
 
lul @ "SoFi is great because they have stadium naming rights" is some legendary bubble shit even as I made a fuckton off it.
 
Wow ACTC another SPAC just hit and I also have SPNV which just popped a little on rumor of taking buzzfeed public
 
HockeyBjj said:
Elon Musk the richest man in the world now, surpasses Jeff Bezos. Sharp Tesla stock increase pushed him over the top.

https://www.bbc.com/news/technology-55578403

Someone buy @brackis1 a stiff drink.
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lol hardly. It's a legendary bubble and I'm happy to use it as a hedge while I play growth; it's 1% of my portfolio with quite a bit in nonsense spac tech shit.
I have numerous stonks up more than their 4% today.
The clownshow fanfare around him becoming richest dude is just another act in the play of the hype man.

Honestly I'm more annoyed thinking that because it's powder-kegging investor sentiment for when it sells off, it will shock other growth that hasnt enjoyed its run yet.
 
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brackis1 said:
lulz all my growth tard shit is up.
BLNK trading at 44 with a spot offering at 41 is so lol but will prolly get ignored as more random idiots using their fake welfare checks bid shit up.
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And sure enough it's up huge lmao.
 
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