DraftKings Inc.Long
DKNG Long-Term Buy
I've said this once, and ill say it again. I am a true believer in the sustainability of legalized sports gambling around the country. DKNG launched their IPO on the 24th of April, 2020, and since then, has done nothing but gain value. Now people that don't really know about the company DraftKings, think that this isn't a good buy due to the fact that there are currently no professional sports being played. As someone that loves the company, I can faithfully say this is incorrect. Yes, a majority of DKNG's revenue is brought in from sports betting, but everyone is forgetting about their online casino which enables people that live in states where gambling is legal, to play casino games online such as blackjack and other table games, for real money. I believe this is a big reason why the stock is continuously rising. As Warren buffet once said in an interview done by Yahoo Finance, "you should also have an attitude that you're buying part of a business, and not that you're buying something that wiggles around on a chart, or that has resistance zones, or 200-day moving averages, or that you buy puts or calls on, or anything like that." Now i'm not the best chart reader out there, but I do, in fact believe in DraftKings as a company, and I believe in them as a stock. As I write this, the price per share is at 24.98. I see a support around the $18 mark, so when/if it drops back down to that, buy buy buy!
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