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PENN Entertainment, Inc.PENN Entertainment, Inc.PENN Entertainment, Inc.

PENN Entertainment, Inc.

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PENN trade ideas

Why I KNEW Airlines Are Going Green On The Open?- 06/11/20 RECAPHi traders, Market was going down strongly on Thursday, sadly I mistimed some of my trader or didn't take profit when I had the chance. But apart from that I'm telling you why I knew the airlines weren't going down from the open but rather up, despite gapping down significantly. Next time you see a situation like this it can save or even MAKE you money! Trades: 1) GOLD, LONG @25.71, -1.05% 2) MRNA - LONG @64.55, -0.55% 3) CSCO - SHORT @45.98, +1.38% 4) PENN - SHORT @28.94, -1.08% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: -1.29% Total PnL for the week: -3.34% Good trades, Tom | FINEIGHT
NASDAQ:PENN
by Fineight
2
Should See 25ish soon.25 may be a good entry point for PENN. Became way overbought during the casino rally and is finally correcting. Should see a bounce off the daily trend line which is also a support zone from Dec-January. This also may be around the time we get more confirmation on sports opening up and potential Barstool Gambling info. I currently own July expiration 30 puts and plan to start a long position around 25 if this is confirmed. Note: I don't know what I am talking about, so do your own due diligence and good luck.
NASDAQ:PENNShort
by lroman90
1
The whole board of the company bought shares before the rally. The whole board directors of the company bought shares during the last correction previous to the big rally that broke levels previous to COVID. Anyone really thinks that everyone is going to jump into casinos to burnt the little money they saved before getting fired?? Remember that many of the gamblers belongs to poorly educated people. Gambling is no more than a tax that those who doesn't know mathematics has to pay. Do you think that developing an online app is going to solve anything? The market of online gambling already have a leader and it is DKNG (www.tradingview.com) DKNG didn't even feel the impact of COVID. Is PENN going to beat DKNG in their own field starting so late?? This is a clear manipulation. Check the name of insiders who hear the whispering and bought before the whole manipulation of the price happened. If check the chart you can see it's already drawing to the shape of shoulder- head- and when we get a second shoulder everything will blow up letting the retail investors with an useless asset and the insiders with all your money, because they are already jumping (check the increasing selling volume during the last days) May13'20 BUY David A. Handler  Other  27.8K     500.0K May13'20 BUY Jay A. Snowden  Dir., Pres. &...  27.8K     500.0K May13'20 BUY Jane Scaccetti  Board Director  2.8K     50.0K May13'20 BUY David A. Handler  Other  27.8K    Information provided by the Interactive Brokers portal.
NASDAQ:PENNShort
by JuanBluer
1
Not a big $PENN fan, but $35 Short TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I don't support gambling from a moral standpoint. I am an excellent gambler in the sense that I know it is a manipulations game of cat and mouse, utilizing statistics and knowing the patterns, it is easy to beat the system that tries beating you. However, most people are mathematicians spending hours studying patterns, if they were casinos would be bankrupt in hours. That being said, casinos make their money off exploiting the foolish and the risk takers. The odds are meant to be stacked up against you in ways that are already pre-configured. If you aren't sitting in the corner doing multivariable calculus, you have better luck probably burning your money in oil. While all patterns are a mathematical science and art form, for that reason alone I don't endorse gambling. I don't even endorse the geniuses to try to do gambling. That being said, from a non-bias standpoint I want to look at PENN's stock. Right at their downfall and the whole Covid19 scenario, they bought a large piece of Barstool Sports as an investment stake, which is a way to sort of expand in the digital realm. In fact, they purchased a 36% stake. Besides purchasing a stake of a large digital broadcasting/media blog, PENN also owns a large share of the entire online gambling market segmentation besides their casinos. They also have their own responsible-gambling code of conduct , which I can respect. That being said, the patterns look like they are in a positive retracement. They are also in growing market segmentations in terms of demand. Short potential is there for a quick profit turn-over, so is even likely a long hold.
NASDAQ:PENNShort
by gamer456148