The way Draftkings has a hold on the gambling and daily fantasy market with constant positive headlines, PENN seems to have moved too high for its own good. I would love to short this stock, but I think that would be a mistake. The key here is Barstool Sports and their original content. This is more than a gaming stock, this is a media play as well. I think this has a chance to break $80 in the coming weeks as long as the market will let it and sports continue to be played in a regular manner.
I have been long since $9.66 and do not plan on selling any time soon.
I have been long since $9.66 and do not plan on selling any time soon.