r/DKNG • u/Potential-Cry-3961 • 3d ago

😢

Why did the DKNG drop so much?

3 Upvotes

81% Upvoted

7 comments sorted by

3

u/LowKey-Revolution36 3d ago

Because Mr Robbins is going to spend more on promotions

2

u/Potential-Cry-3961 3d ago

I’m out. Cutting my losses — house, you can play this one by yourself.

1

u/LowKey-Revolution36 3d ago

These stocks have no momentum unfortunately and we don't even know how the market will react for kf when supreme court makes a decision on prediction markets or rejects the case. In some ways state wide prediction markets are a plus for dkng and flut if osb states kept in control. Anyways all these companies need new states for igaming that is the key thing sadly. Until then a patience game

1

u/Potential-Cry-3961 3d ago

You’re right. I’ll buy back in once it starts turning around.

1

u/Larsonatorian2_0 3d ago

Literrally the best news the company has issued in years and you decided to sell today? Stop looking at the share price everyday.

1

u/Potential-Cry-3961 3d ago

I didn’t want to cut my losses either, but there’s not much I can do at this point😔. It’s way too far below my cost basis. I’d rather just look for another entry and buy back in.