By Brandon M. Suffel Contributor for Breakfast at MidnightApril 1, 2020
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Red Red… I’m going to need more wine
After today, we know for sure the stock market isn’t done being bearish. I haven’t seen the market this red since last week, when things were considerably going to sh*t… some may say. However, this is a great time to take advantage of dips like this. If prices continue to gradually sink cheaper, why not budge in and give it a try? Sure, your “risky” investment isn’t working out for you at this very moment. But, it’s been proven that all markets continue to move up, down, sideways, everywhere… It’s important to know about when to take action. I’m going to need some more Red Wine if things do keep sloping this way…
If you love gambling, then maybe you know of Penn National Gaming Inc. Casinos and racetracks surround the hidden image of Penn, because that’s what they don’t want you to see, and they’re good at it. They wanted to make gambling modern and better, like most, however, they released some big news a few weeks ago that you may have caught… Barstool Sports own, Dave Portnoy, decided to sell $450,000,000 worth of his share in Barstool, in return for Penn gaming shares. This news caused fans to uproar and try out investing for the first time because “El Pres” is making deals. Did it work out though?
Penn National Gaming Inc. $PENN shares have been experiencing unpredictable days on the stock market like so many others. The difference between $PENN and other ordinary stocks, it attracts youth — especially the college scene. On that note, if college students started investing with $PENN, how would their shares have performed today? Unfortunately, $PENN shares suffered another blow. And a hard one. Shares today fell $2.11 (-15.80%). This news hurts many who believe in $PENN still. Let me add, there have been some controversial articles debating whether or not $PENN is a buy stock… that’s a gambling question… but ask yourselves, would you buy more lottery tickets if they were all of a sudden cheaper?