What's better than a gamble? A gamble on a gamble 🎲 — Why I'm long FLUT after a ~68% drawdown
$FLUT
AI SUMMARY — The post discusses investing in FLUT (a company likely in the gambling/gaming sector) after a significant 68% price decline, arguing that the drawdown presents a buying opportunity. Key risks include further losses, execution challenges, sector headwinds, and the inherent volatility of the target company.
| TICKER | FLUT |
USER | u/The_ArcTangent |
| RATING |
BULLISH |
ENTRY |
$101.75
|
| POSITION |
98 sh
SYN
|
BOOK VAL |
$9997.05 |
| CURRENT |
$101.78 |
P&L % |
+0.03%
|
| CURR VAL |
$10000.00 |
P&L $ |
+2.95
|