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DraftKings – DKNG

QuestionsCategory: QuestionsDraftKings – DKNG
Keith Dickerson asked 4 years ago
Pat, This one might be against the grain of what MissionWinners is composed of, but want to know your thoughts.  Considering a post COVID world where sports exist, I think this has a lot of promise with sports being more prevalent, along with e-sports in the meantime. I currently have a large position in DKNG (DraftKings) and it t is 75% higher currently than my average price of 19.50. I want to hopefully hang onto it for a few years if not longer.  I want to let winners run, and don't understand what the point is to cut them off.  I believe in their business, especially as sports start back up. I am normally a swing trader and don't feel comfortable with how to manage such a large gain in a short period of time.  Should this be a longer term position or sell some based upon my entry points and your analysis.  Thanks in advance.   Thanks, Keith    
1 Answers
Avatar photoOwen Staff answered 4 years ago

Hi Keith,
Pat made a video for you:

https://youtu.be/BshrZsFhs64

John Reiter replied 4 years ago

also, it is now 180% above 200d sma Bill O’neil’s rule was 200% max so this may be close to an upcoming sell off period.