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After being down some 15%, I’d admit I was joyful to get back into the black and determined to stroll away from my brief. That, nevertheless, is likely being pushed by the corporate’s transfer into digital gaming. The corporate’s resorts function primarily underneath the Caesars®, Harrah’s® and Horseshoe® brand names. Penn National Gaming has been among the finest-performing names in the space. However the long-term target could be as excessive as , in line with Craig-Hallum, which charges Penn National a purchase. We now have a brand new, fearless breed of momentum investors on this market. It wasn’t exactly a short-squeeze in the traditional sense, but the weekly options market definitely created a situation through which out-of-the-money name patrons could have presumably forced market makers to repeatedly buy the inventory in order to maintain a delta neutral position. With cash poker, each hand you play is a discrete occasion – you may play one hand or a number of, and when you lose your stack, you should purchase again in and keep enjoying.

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