Investors Are Tanking DKNG – For No Reason
Chinese stocks have been all over the news ever since the government cracked down on private education, sending a number of names crashing…
And keeping my money far, far away from any Chinese stocks.
Now, these names are back in the headlines – but not for education. This time, all focus is on Macao – the only region in China where gambling is legal.
Yesterday, Macao announced a 45-day “public consultation.” Code for potential government regulations, as far as most investors are concerned. Sands China, Wynn Macao, MGM China – they all fell more than 26% on the news.
Along with these Chinese gambling stocks, Draftkings Inc. (Nasdaq:DKNG) got sold too. It’s down over 5% for the week.
But here’s the thing – investors are panicking. And they’re doing so without reason. The crackdown on Macao will hurt Chinese gambling companies, yes…
DKNG, however, has zero China exposure. Until recently, it’s been in a strong uptrend:
Now is the perfect time to play DKNG – before it returns to the uptrend it’s meant to be on. And I’ve got a cheap, $1 option for you to do just that – just like the ones I recommend five days a week to my Profit Revolution members.
Want a low-risk way to capture DKNG’s impending upside? I’m looking at the DKNG October 8, 2021 $65 call for $1.00 or less.
This trade could profit in under a month’s time – and with such an inexpensive buy-in, your risk is low. You can’t lose more than you put in…
Your profit potential, however? That’s unlimited!
I don’t just show you how to get into a play – I tell you when to get out, too. Because what’s the point of buying a trade if you don’t know when to sell it for profits?
If you want to join the Profit Revolution, then click here to learn how. Or you can give our Telesales team a call at 877.212.9163.
Speaking of Profit Revolution – I’ve received a ton of interest from Profit Takeover readers. And I’ve gotten more than a few questions.
Which brings me to a special, featured Ask Me Anything segment.
Featured Question: Ask Me Anything
Well, Dave, the idea – and the goal – behind both Profit Revolution and Profit Takeover is essentially the same…
To take your financial power away from Wall Street… and put it in your hands.
And the way we’re doing that is with Asymmetric Warfare Trading. That’s consistent trades with a low buy-in…
But a high potential return.
Now, here’s the difference. I send you trade ideas every week in the Profit Takeover. It’s a free eLetter, sent daily, always packed with the best trading info of the day.
But Profit Revolution is a subscription trading research service. And I don’t just drop a few trade “ideas” a week. I drop a new trade every day… and I do it LIVE.
Monday through Friday, I’m in the live Profit Revolution trading room finding trades. And every trade I recommend is only $100 or less…
With the potential to pay out 1,000% in 30 days.
A Profit Revolution subscription also comes with access to something called the Tactical Trading Course – a complete trading course with lessons AND small-group live trading sessions put on by expert trading coaches, so that you can take advantage of every recommendation I send…
Regardless of your trading experience.
If you like Profit Takeover, you’re going to LOVE Profit Revolution. And you can join for 30 days, risk-free.
Click here to learn more – or give our Telesales team a call at 877.212.9163, and they’ll answer any questions you have.
VIX Traffic Light
We’re in no man’s land for volatility right now as we await Friday’s quad-witching day. Volatility is going to move – that’s for sure. The question is just in which direction.
For now, our light remains yellow as we anticipate wild moves either way.
To learn exactly what my VIX indicator means, check out my free report, The VIX: My Biggest Moneymaker in 20 Years of Trading.
- Apple Inc. (Nasdaq:AAPL)
AAPL is tanking. On Monday, I told you why I don’t trust the stock – and I was right. Court ruling killed momentum in this one. It’s down almost 5% over the past five trading days, and I could see it below $145 by the end of the week.
- Energy Select Sector SPDR Fund (NYSEARCA:XLE)
Energy is extremely strong this morning on supply draw downs. XLE includes some of the biggest oil and energy stocks in the market, and it’s on a run higher today.
- Advanced Micro Devices Inc. (Nasdaq:AMD)
AMD is in a pennant, and it’s getting ready to break out. Yesterday, I told you about a big-time straddle buyer – and a decision will be made here soon, shooting AMD higher.
- FuelCell Energy Inc. (Nasdaq:FCEL)
FCEL had great earnings yesterday… but it’s setting up for a big fade-the-news move. As I type, it’s down 7% on the day.
If you want to see $100-or-less trades on names just like these, make sure you tune into my next Profit Revolution live trading session – learn how right here.
I hope to see you there,
September 15 2021