Post by
Realfacts18 on Feb 19, 2021 3:00pm
My investment strategy for esports
For me I've thrown in the towl with eglx. I was in since 3.00 early days. I don't see it doubling or tripling its near 1B market cap. its at a point of maturity. how much bigger can they get?, maybe if they get acquiried but im not willing to sit on that. this use to be my largest position.
slowly ive been accumulating the juniors in Esports, Mainly ESE Entertainment (tsxv: ese) , currently 1/10 of eglx current market cap. will be my largest holding and i like what management has accomplished so far.
my other largest position is fans, for sports betting. but the rally has been crazy the past few days will be selling a little into it maybe buying back later.
Comment by
samtheinvestor1 on Feb 19, 2021 4:30pm
Great feedback. Im all in on ESE, upside is undeniable and they will hit 1b plus market cap they are the tightest group listed ready to explode. Fans scares me with the wild volume seems shady. EGLX I like as long term hold, they will do well on Nasdaq.
Comment by
Mews111 on Feb 19, 2021 7:37pm
Just my opinion. Market cap by itself doesn't mean much. It's what is the market cap as a multiple of the revenue etc, what are the growth prospects, what type of market are we in and what are the multiples that are being given to other companies as a comp.