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Trade Alert

  1. Leggett and Platt (LEG) shares have risen again above the $10 level. We will again take advantage of this run up in the stock price to reduce our position. I believe this will be an opportunity to get a decent price and take advantage of the losses for tax purposes.
  2. Draftkings (DKNG) shares have popped back up to the $32 level. While we have held on for years, and still believe there is potential here for growth. However, we also see competition from prediction markets, tax implications in certain states, and the continuous struggle along the road to profitability.
    We believe there are better opportunities, and will likely sell this position on Friday November 28th.
  3. Penn Entertainment (PENN) shares have lagged the market and their peers as well. For the reasons outlined above for DKNG, we will sell this position as well on Friday November 28.

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