• Welcome to OGBoards 10.0, keep in mind that we will be making LOTS of changes to smooth out the experience here and make it as close as possible functionally to the old software, but feel free to drop suggestions or requests in the Tech Support subforum!

Investment Thread - For all your money needs

I'm going to hop back in on the KODK lottery here soon. That spike yesterday was fake (but appreciated), I still think there's big news coming soon that will send it soaring.

I also picked up a couple PLTR calls yesterday with my KODK call profits. Touched $40.00 last week before having a very red Thursday/Friday. I think it gets back up to $35.00 fairly quickly with $40-42 as a price target ($32.06 at time of post)

If you want to play a short term lottery for today, I'd look at CLOV. It got crushed this morning by a Highland short announcement, but Chamath Palihapitiya has said he will address the short call in the coming hours. I never bet against Chamath, dude is brilliant. You may see this stock bump up 5-10% after he speaks today.
 
Screamindemon3 said:
I'm going to hop back in on the KODK lottery here soon. That spike yesterday was fake (but appreciated), I still think there's big news coming soon that will send it soaring.

I also picked up a couple PLTR calls yesterday with my KODK call profits. Touched $40.00 last week before having a very red Thursday/Friday. I think it gets back up to $35.00 fairly quickly with $40-42 as a price target ($32.06 at time of post)

If you want to play a short term lottery for today, I'd look at CLOV. It got crushed this morning by a Highland short announcement, but Chamath Palihapitiya has said he will address the short call in the coming hours. I never bet against Chamath, dude is brilliant. You may see this stock bump up 5-10% after he speaks today.
Click to expand...

Obligatory, I went to Appalachian State and this is not financial advice post?
 
DeacDiggler said:
anyone have any suggestions you're particularly high on right now? Pretend i'm new at this....all of my investing has been through my 401(k) in the past.
Click to expand...

I love $DKNG and $PENN

Both are mobile sports betting plays. You're still in before one of the whale states (Texas, Florida, New York) has it legalized and sports betting is only legal in half the states.

Plenty of weed stocks out there that are worth looking at, federal legalization is a real possibility in the next 4 years.

I would get a crypto wallet and throw a little in Bit and ETH. You don't need to buy an entire Bitcoin, you can get a fraction of one.

Not a financial advisor, just an idiot on a Wake Forest board
 
The valuations of DKNG & PENN are a concern for me. At current prices, I think the stocks are too optimistic about the timeline of all of these states legalizing mobile wagering. I think you probably get another chance at the stocks when there is some disappointment there. With PENN, I also have concerns about Portnoy and his crew eventually saying something that really pisses off regulators (which is a big no-no in this business). I can get behind DKNG as a long-term investment where you just want to own the leader in a sector with secular growth.

I actually own some FLTR (trades in London; FanDuel). Would rather own DKNG, but I basically fell into FLTR at a cheap valuation and didn't want to switch horses.

I also own CZR, which is less about the mobile gambling and more about other opportunities they have... But the William Hill acquisition is a nice kicker.

Will (again) reiterate TELL as a high risk / high reward play for the near-term. Completely unrelated to mobile wagering, but you asked for ideas.
 
Donkey Deac Doug said:
This is really bad. https://www.trinitybuildingsystems.com/education-center/lumber-pricing-2021-reality/

It says lumber prices here to stay.
Click to expand...

I'm not saying this article is wrong because I have no idea, but this article is not very well written and does not support some of its biggest claims

The price of lumber will most likely never decrease to the rates we saw before the pandemic. Based on the current forecasts for demand in the residential housing market (building permits and housing starts), demand for lumber is not likely to decrease.


no supporting empirical evidence or even economic theory to support this claim

and the frequent "Investopedia says..." give off heavy "Noah Webster defines ________ as..." vibes


and the biggest red flag of all is that it is on a website for a company that sells alternatives to lumber
 
JuiceCrewAllStar said:
I'm not saying this article is wrong because I have no idea, but this article is not very well written and does not support some of its biggest claims

The price of lumber will most likely never decrease to the rates we saw before the pandemic. Based on the current forecasts for demand in the residential housing market (building permits and housing starts), demand for lumber is not likely to decrease.


no supporting empirical evidence or even economic theory to support this claim

and the frequent "Investopedia says..." give off heavy "Noah Webster defines ________ as..." vibes


and the biggest red flag of all is that it is on a website for a company that sells alternatives to lumber
Click to expand...

Yeah, it is like reading the Realtor economists for their insights on home buying... "It's (always) a great time to buy! (or sell!)"

But right now, lumber prices are no joke. And it matters on the margin. Probably inflates existing home prices even more... Low rates and inventory means the market is still on fire.
 
In other news, GME continues to implode and retail investors are going back to speculating on micro-cap pieces of shit.
 
The GME war was lost when the investors lost their ability to buy. No idea why this is dragging out so long. I guess some folks are still HODL'ing. You can't win a war without weapons.
 
Screamindemon3 said:
I'm going to hop back in on the KODK lottery here soon. That spike yesterday was fake (but appreciated), I still think there's big news coming soon that will send it soaring.

I also picked up a couple PLTR calls yesterday with my KODK call profits. Touched $40.00 last week before having a very red Thursday/Friday. I think it gets back up to $35.00 fairly quickly with $40-42 as a price target ($32.06 at time of post)

If you want to play a short term lottery for today, I'd look at CLOV. It got crushed this morning by a Highland short announcement, but Chamath Palihapitiya has said he will address the short call in the coming hours. I never bet against Chamath, dude is brilliant. You may see this stock bump up 5-10% after he speaks today.
Click to expand...

Still not the big news I'm looking for, but a nice spike there from -5% on the day to up 2%

 
DeacsATS said:
The valuations of DKNG & PENN are a concern for me. At current prices, I think the stocks are too optimistic about the timeline of all of these states legalizing mobile wagering. I think you probably get another chance at the stocks when there is some disappointment there. With PENN, I also have concerns about Portnoy and his crew eventually saying something that really pisses off regulators (which is a big no-no in this business). I can get behind DKNG as a long-term investment where you just want to own the leader in a sector with secular growth.
Click to expand...


Even if these states don't get legalized as soon as we think, the legal states have launched these mobile books within the last year or so. I'm hoping that their profits in these new states will continue to be substantial (I know a lot of that money goes right back out the door to push for more legalization in other states, but still).

$DKNG I like because they get the most action in a lot of the legal states. Fanduel is neck-and-neck with them re: market share but dkng has the best "tech" imo. I can't wait for them to expand their asset list by getting into brick-and-mortar properties that others are selling.

$PENN has a reliable regional brick-and-mortar casino part of the company that serves as a nice asset. I'm not worried about Dave, he's getting young people interested in gambling and that's a net positive for the company. I'm sure he has more of a leash than you'd expect.

They aren't mobile but as a straightforward brick-and-mortar play I wish Seminole Hard Rock International went public. For obvious reasons, I doubt they ever will. I think they'll buy the Venetian/Palazzo from Sands.
 
I'm in on DKNG and PENN as well.

What are some thoughts on companies that will see a big boost as things start to open up? Thinking about throwing some money into SMSEY for this reason. Maybe UBER and LYFT as well.
 
DeaconBrews said:
Even if these states don't get legalized as soon as we think, the legal states have launched these mobile books within the last year or so. I'm hoping that their profits in these new states will continue to be substantial (I know a lot of that money goes right back out the door to push for more legalization in other states, but still).

$DKNG I like because they get the most action in a lot of the legal states. Fanduel is neck-and-neck with them re: market share but dkng has the best "tech" imo. I can't wait for them to expand their asset list by getting into brick-and-mortar properties that others are selling.

$PENN has a reliable regional brick-and-mortar casino part of the company that serves as a nice asset. I'm not worried about Dave, he's getting young people interested in gambling and that's a net positive for the company. I'm sure he has more of a leash than you'd expect.

They aren't mobile but as a straightforward brick-and-mortar play I wish Seminole Hard Rock International went public. For obvious reasons, I doubt they ever will. I think they'll buy the Venetian/Palazzo from Sands.
Click to expand...

All valid points. Let me add my two cents on a few things:

DKNG is doing exactly what it should be doing in regards to investing in growth. Agree on their tech... Best app around. My hesitation is that even the rosiest scenarios for the total available market for mobile sports gambling would tell you that the stock is overvalued. Doesn't matter in the near-term, but it probably will at some point... Especially if the timeline to open more states is lengthened.

Buying brick and mortar properties would kill DKNG's stock price. Look at what traditional casinos trade for... It's a different business. Investors would revolt. They want a pure play mobile gaming stock... Otherwise they'd buy MGM. PENN's regional casino biz is probably only worth about $30 of the $100+ stock price. If you own the stock, it isn't for that business.

One other thing that I'd note... There has to be some consolidation in this space going forward. No idea, of course, how that all plays out... But there are a ton of players and probably only a need for a few. MGM & CZR both getting ready to make a big push... DKNG PENN FLTR are already out in front. That's 5 right there. They are going to kill each other (and smaller players) on promotions in order to gain market share.
 
Frosty said:
I'm in on DKNG and PENN as well.

What are some thoughts on companies that will see a big boost as things start to open up? Thinking about throwing some money into SMSEY for this reason. Maybe UBER and LYFT as well.
Click to expand...

UBER is already trading above where it was pre-COVID. LYFT probably has better leverage to the re-opening trade given it is more of a pure play ride biz. UBER will likely see a big slowdown in delivery biz.

Hadn't thought of SMSEY... That's a really interesting idea.

What about the cruise lines? Those stocks haven't really recovered. CCL is a piece of shit company, but that'll probably move at some point. RCL a better company, but stock has moved a bit. Maybe NCLH?
 
I don't know the ins and outs, but Uber did just buy Drizly for $1.1b and it looks like their stock saw a jump once that was announced.
 
You must log in or register to reply here.
Back
Top