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Trade Ideas (1)
Date Ticker Price Dir Speaker Thesis Source
Feb 13 SHORT Tom Mackenzie
Anchor, Bloomberg
DraftKings (DKNG) issued a weak outlook; Flutter fell ~8% in sympathy. The sector is facing disruption from "prediction markets" and potentially changing consumer habits. The market is swiftly repricing growth expectations downwards. SHORT. Momentum has broken, and regulatory/competitive headwinds are intensifying. M&A activity in the sector could squeeze shorts. Bloomberg Markets
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