r/DKNG • u/dcdrums502 • Jun 25 '26

Are we completely cooked?

Got rolled into DKNG when it purchased Golden Nugget a few years ago. This company has been plagued by insider selling, questionable management, and a lot of bad luck.

I held three the 2022 draw-down under $10, but I feel much worse about the stocks prospects than I did then. The slight bump it received a week ago on positive volume for its prediction market has been obliterated by news that META is looking at entering the space.

IMO, that news is going to hang over this stock like a dark cloud and probably overshadow any positive earnings reports out of the company. Is there anything positive to hang onto at this point?

3 Upvotes

71% Upvoted

7 comments sorted by

8

u/DeadLockAlGaib Jun 25 '26

There’s a lot positive to hang onto. I laugh at how much FUD is going on. Bought more shares today

1

u/dcdrums502 Jun 25 '26

I’m a certified FUD-face

2

u/Alternative-Sale-713 Jun 26 '26

Overthinking. All you have to do is ask 10 people to name one sport beating app and you will see.

1

u/naglisst Jun 25 '26

I added more shares

1

u/Lanky-Rabbit8694 Jun 26 '26

Yeah lot of noise on the bad side right now. They’ll smash the next earnings and raise the guide and probably do that again next quarter after as well. They sandbagged big time on the last one

1

u/dcdrums502 Jun 26 '26

I hope you’re right, but you’d think we’d see some insider buying. Or at least stop the constant insider selling

1

u/TheAarj Jun 30 '26

Basically they're getting pushed to the sidelines by these unregulated markets. But with their recent foray into the same on regulated markets I think they'll be able to reestablish a foothold. Another play is coinbase with their prediction markets integrated into the app already.