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Technology Stocks : DraftKings, Inc. / Online Gambling
DKNG 27.97+0.2%3:59 PM EST
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To: rogermci® who wrote (83)6/28/2020 5:40:19 PM
From: Glenn Petersen1 Recommendation

Recommended By
sixty2nds

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It's possible. I think that the market is going to hit some major bumps due to the spike in new COVID-19 cases.

Personally, I think that the overall market is incredibly overvalued. I hope that I am wrong, but it seems to me that current valuations do not reflect the economic realities. Of course there will always be trading opportunities, but keep those stops in place.

That Sports Handle analysis never really drew a line in the sand regards DKNG's valuation. I posted it mainly because it provided some good background information on the online gambling industry. As the article noted at the end, a Fanduel IPO in the U.S. is a real possibility. I don't think that would not be good for DKNG.
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