It would be instructive to find out which Congress critters profited by trading Kodak stock.
Hmmm. I’ll have to call my sister-in-law, and see if she still has any stock in Kodak.
My wife and I have a LOT of generic medications that we use daily. I hope Kodak expands into other medication production in this country. Hopefully their manufacturing facilities are not in New York state.
I didn’t realize Kodak still existed in any form at all.
I thought they went the way of Sears & Roebuck, Crowleys, Montgomery Wards and Blockbuster Video.
I bought some yesterday morning and put a stop loss in of 2% which kicked in at about 41/share. I made 22% in one day.
What do we want?
TIME TRAVEL
When do we want it?
THAT’S IRRELEVANT
But damn....I had 8K available on Monday that if I had only known!!!!
How much of this was from a short trap? If a lot of people had shorted the stock (borrow shares and sell them in anticipation of prices dropping to allow you to buy the replacement stock cheaper) and the price goes up, then you have a those people trying to buy at once to clear their short position. That drives up prices with the stock market equivalent of a run on toilet paper.
Kodak used to own the company that made Bayer aspirin in the US
Hey, seems to me we have a bunch of people sitting in jails for producing meth that could probably cook up a mean batch of antibiotics...
Well, why not?
The stock went from $2.20 last friday and spiked near $60 on wednesday. It is now crashing.
Current $22.53 -7.30 (-24.47%)
It was a flim flam. They do not start making drugs for 3 years.
https://finance.yahoo.com/quote/KODK?p=KODK