Post by
zalmonella on Jan 04, 2022 12:15pm
Gambling up or gambling down
Appreciate all the good thoughts here. A small holder since the exciteable times in 2020, I'm now well underwater and wondering whether to (or if) average down. Year end was motivation, but having pulled the trigger a number of times before in December, I'm aware that Jan and even Feb has equal facility for continuing the slde as returning to normal, so I've kept out for now. Perhaps by mid-Jan? It could be well below $6 by then and I could get three times the leverage for an investment equal to what I put in last December, which is about all I'm thinking of chancing.
But I have to admit, at 2x sales and 12x cash flow, I'm not seeing a lot of upside if more new business doesn't start coming in, and European casinos aren't exactly must-haves for a lot of people. Maybe the American market is, but that's not running yet, and I certainly have no tools to evaluate it. Perhaps it would help if I gambled in my spare time?
Waitaminnint.....
Comment by
1condor on Jan 04, 2022 4:34pm
zalmonella...I know this looks tempting with a 62 cent preconsolidation price (who would have thought a year ago..not me thats for sure)..so tread carefully on this stock. Another 52 week low today...and charts show the support as being much lower. If you must...wade in...and remember to place a stop. Good luck.
Comment by
CryptoCap on Jan 04, 2022 7:33pm
I am going to wait for q4 report. I am long on shares and management has being doing well. Gambling sector FOMO is gone for now and it could go on an even bigger rally in the future. Florida, Cali, Ohio and others when unlocked will great a wave of FOMO unlike any other. New Yorks stupid tax will also be revised in time becasue business will be lost to NJ.
Comment by
1condor on Jan 04, 2022 10:47pm
cryptocap...I agree that BRAG will have its day in the sun again. However, just not willing to make a trade just yet as the sector continues to be out of favour. Will wait for an uptick with higher volume.