As a general rule of thumb Stoney, it's probably not good to buy any high fliers the day the vix is nipping at 30 and Russia's invading a neighboring sovereign nation. Just a thought.
DraftKings CEO tells CNBC share drop reflects unstable stock market 14:07 DKNG DraftKings CEO Jason Robins said on CNBC's "Squawk on the Street." that the pullback in DraftKings shares on Friday is a result of an unstable stock market and not the company's performance. "It's a wild market right now. I think what we're doing has been very consistent since day one," Robins said a day after DraftKings reported quarterly results. "I think the model's working, and we'll play the long game here." "I'm very confident that once the market settles down and rationality kicks back in, that the metrics we're putting out there will start to resonate," he added. "But in the meantime, we've just got to keep doing our thing and hopefully the market will catch on." Then when asked if they know how much of the SB share they got vs rivals he says Yes but we are not releasing that.....
@vanzandt Do you mind elaborate please, I am not in that trade but I want to understand if the VIX is at almost 30 and that stock is going higher, for me, it means hypothetically speaking that if the VIX comes down to 20 lets say the tide will go up as you said and it will bring that stock higher,
I wrote several in depth posts if you want to read them. Start here: https://elitetrader.com/et/threads/...l-numbers-for-dutch-bros.365120/#post-5546975 It'll run as earnings approach, but again, today is probably not the best day to be buying anything. Unless it's a Dow stock that makes big yellow things.
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Yeaaaaaah.... but it's risky though. If tanks start lobbing rounds on Kiev, that friggin vix could spike north of 50. In theory you're right though. BROS is gonna be a tricky play with the lock-up coming shortly after earnings. It does remind me of CMG though. Back in the day. Maybe buy UA today. Good day for that. $14.