yes the share price strength of late is certainly deeper and feels different to the past pumps but i would not get carried away.
We've seen SP dumps on quarterly ann. Days and they are usually severe, 20% down on 3,4x daily volume.
wouldn't not put it past the shorters behind this run up only to dump massively tmrw.
what could have possibly changed in 3 months ??
Nothing
they are still net losers of cash and most likely nowehere near that going positive despite a slow down of expenses.
Probably just hanging onto 7th biggest sportsbook by net win metrics.
the ONLY way this doesnt go red tomorrow is if they announce a sale of OZ business , or a meaningful, material update re. Corporate activity.
both unlikely imo , but recent activity and strength would give me some slight small glimour of hope that maybe just maybe they will announce a sale to Mr tripp of betr.
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