$118

Not sure what my price target is on this one. I keep thinking it won't continue to go higher but it always does

mattbro2014 said:

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Not sure what my price target is on this one. I keep thinking it won't continue to go higher but it always does

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I am with you on this but personally I have no intention of selling anytime soon. Reason being is Portnoy and the Barstool effect. PENN spends ZERO on advertising as they use the Barstool platform for exposure. That alone is a huge deal. Think about how many times you see draft kings or other gambling companies commercials, billboards, social media hype etc. that's 100s of millions of dollars.

Plus the more States that legalize the better off they will be and just keep growing and making money.

Edited to say I sold my initial investment at $65/share with my cost basis still at $12 so its all gravy train from here.

bmoochie said:

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mattbro2014 said:

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Not sure what my price target is on this one. I keep thinking it won't continue to go higher but it always does

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I am with you on this but personally I have no intention of selling anytime soon. Reason being is Portnoy and the Barstool effect. PENN spends ZERO on advertising as they use the Barstool platform for exposure. That alone is a huge deal. Think about how many times you see draft kings or other gambling companies commercials, billboards, social media hype etc. that's 100s of millions of dollars.

Plus the more States that legalize the better off they will be and just keep growing and making money.

Edited to say I sold my initial investment at $65/share with my cost basis still at $12 so its all gravy train from here.

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I think I'll hold as well. Barstool is the whole reason I invested so I agree with you on that point. I sold some shares when it was in the $50's but still have quite a bit left. My current cost basis is also around $12 so let's hope this thing keeps going

Got in at $29 this summer. Holding long.

As more states open up gambling their properties expand and the partnership with barstool is strong. Excited to see the Barstool sports book at Ameristar in Blackhawk in about a month.

I've been mildly successful selling covered calls on PENN. I had it prior to the drop to $4 and sold it around 11 prior to the drop, then after I saw it get up to around $20 I invested a lot more into it. Sold covered calls 3 times with not being called out twice. I had some that I sold for 2/19 $100 thinking I'd be ok if I got called out but I still like it so I rolled them out to leap $160, I'll definitely be ok if I get called in a year on them. Also solely invested in it because of Barstool.

PENN joining S&P 500

mattbro2014 said:

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PENN joining S&P 500

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Trading at 138.90 AH. Glad I bought in at $100 last week

How are we feeling about the current dip? NY looking bad doesnt help. This one is going to be up and down for a while.

bump thread

$82 today

Pretty steady for the last month.

Sports betting season is coming up soon. Still holding and expecting a good fall.

I hope you mean Fall and not fall

Yes the Fall season. Also I will mention I've bought more the last month and averaged up to $62 since my initial investment, so I'm bullish.

Could Penn get to $114?

back to $82