All things STOCKS

#4,701
#4,701
VolAllen said:
$84 back in 2014...👀

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So, Hertz was trading in the 80s in 2014 as well...ha ha

SAVE was in fairly tight pattern in low 40s the 6 months before COVID. I would think a realistic intermediate goal assuming COVID going away would be this recent pre COVID range multipled by something to account for the stock dilution from SAVE's liquidity efforts. Still think that would be low 30s (of course, that's a 75%-90% jump from here)
 
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#4,702
#4,702
Orange_Vol1321 said:
Keep an eye on LCA that will merge and change to GNOG. Opportunity to buy at the ground floor. Will be a huge money maker just like DNKG.



Gaming Firm Soars In Trading Debut As Online Betting Heats Up



Online gaming firm Golden Nugget Online surged Thursday in its Nasdaq trading debut. It offers a new rival to DraftKings (DKNG), which had been the only publicly traded purely online casino in the U.S.

The firm is still listed under the name of blank check entity Landcadia Holdings II (LCA), which announced it was acquiring Golden Nugget Online at the end of June.

The deal is seen closing in the third quarter. The stock's name will then change to Golden Nugget Online Gaming, with the ticker symbol GNOG.

Tilman Fertitta owns Golden Nugget Online, and will continue to serve as CEO. Fertitta is also CEO of Landry's, and also owns the Houston Rockets. While Golden Nugget customers will be able to wager on most NBA games, but not on Rockets games.
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Trivial fact - Wife interned in finance department for Landry's when she was in college back in late 90s/early 00s.

I started up a small, speculative position in LCA a couple weeks ago. I do recommend doing a bit of due diligence based on the way this transaction is set up and some of the junk Fertitta has co-mingled with GNOG. It's not as clean as the DKNG transaction was. I'm betting that won't matter much at first since I expect the retail investors to drive up the "next DraftKings"; however, not sure this is a long term holding at this point.
 
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#4,703
#4,703
BigOrangeMojo said:
So, Hertz was trading in the 80s in 2014 as well...ha ha

SAVE was in fairly tight pattern in low 40s the 6 months before COVID. I would think a realistic intermediate goal assuming COVID going away would be this recent pre COVID range multipled by something to account for the stock dilution from SAVE's liquidity efforts. Still think that would be low 30s (of course, that's a 75%-90% jump from here)
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Yea $30’s is my realistic goal here. And I believe it will hit it within the next 6 months.
 
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#4,705
#4,705
Also as a side ive been watching CMRE. After I flip SAVE of theyre where I want ill jump on it. Right now they're at 4.88 it seem their bottom has been around 4.60. Their 52 week high was almost 11.
 
#4,706
#4,706
BigOrangeMojo said:
Trivial fact - Wife interned in finance department for Landry's when she was in college back in late 90s/early 00s.

I started up a small, speculative position in LCA a couple weeks ago. I do recommend doing a bit of due diligence based on the way this transaction is set up and some of the junk Fertitta has co-mingled with GNOG. It's not as clean as the DKNG transaction was. I'm betting that won't matter much at first since I expect the retail investors to drive up the "next DraftKings"; however, not sure this is a long term holding at this point.
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I can see it anywhere from 30 to 60 by December.
 
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#4,713
#4,713
Fed buying stocks. What's everyone's feelings on this? My feeling is it's not good, and today (maybe all week) will be deep rep across the board. This has gotta signal the start of another good slide right? Probably not March lows though.
 
#4,717
#4,717
Carp said:
Yeah, I took a 10% loss towards the end of June. It's just been pumped hard the last week or so. It's going back to .50 without news.
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I held at a position of .54 forever, once it inched up last week I took a small profit and bailed. Love to do the same with XSPA.
 
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#4,719
#4,719
Carp said:
Fed buying stocks. What's everyone's feelings on this? My feeling is it's not good, and today (maybe all week) will be deep rep across the board. This has gotta signal the start of another good slide right? Probably not March lows though.
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It's another reason we need to reopne. If they have to keep pumping money in then the economy isn't healthy
 
#4,721
#4,721
mr.checkerboards said:
I dont remember the bids being too off. Actually haven't paid as much attention to them, but I've noticed the stock price is off. Checking between yahoo finance and RH there were a few times that the SAVE stock was at lets say 18.00 and yahoo had it at 18.06 and it stayed for a few seconds or yahoo mightve jumped a second time before catching up.
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I've been watching SAVE in the Robinhood and TD Ameritrade tickers side by side, and RH seems to move slower than TDA for around 10 seconds, then it catches up and starts lagging again. I can see price movement in TDA, then watch it in RH a couple of seconds later for the most part, but when RH catches up, it skips some of the movement.
 
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#4,724
#4,724
$NMTR is my biggest play right now. Started reversal last week and golden cross formed Friday. Hit as high as 1.50 on the last bounce. Don't know it will jump back there again, but I think .90's is a nice PT, which is 80% gains.
 
#4,725
#4,725
I'm working on chart reading. Does this look like a cup and handle forming (if the price goes about $0.10 above the horizontal line at $127.66), or do both sides of the cup have to be closer to the same height?

IPHI_chart_2020.07.20.png
 
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