Skip to comments.Why Kodak’s Stock Exploded Before the Official Loan Announcement
Posted on 08/10/2020 2:07:44 PM PDT by wrrock
Elizabeth Warren is demanding an investigation into Kodak hoping to position the Kodak loan as a Trump scandal. Yet it appears the media made the mistake by publishing a market changing article ahead of schedule. Day traders capitalized on this mistake, which drove up the stock.
See screenshots of the article the media deleted...
(Excerpt) Read more at toptradeguru.com ...
It’s still a question of “who leaked” (illegal) and “who traded on the news” (also illegal).
Whadda bunch of crap.
Nothing happened here and Princess Lieabuncha can stop getting her skirt in a bunch.
Rochester needs an injection like this and Kodak Park is the right place to do it. It’s a massive plant that had 67000 people working there in the mid-80s, down to what - 6000 now?
They screwed up and were late on the digital revolution but phones were what really killed them. Whatever. It’s a great resource sitting ready to tool up. Lots of old time manufacturing engineers and techs ready to spin up, will be good for conservative upstate NY. Will they ever be able to outvote NYC? Probably not. But they can make the state legislature hell on earth for the downstate commies.
Trump did a beautiful thing with Kodak. The enemy smells that and is trying to kill it, they don’t care who gets hurt.
“Its still a question of who leaked (illegal) and who traded on the news (also illegal).”
that’s exactly right and that’s exactly what happened: a Kodak insider leaked the information to the news media so that they could then trade on insider information, yet CLAIM they heard about the information from the news media ...
I dont know how all of it works but there is such a thing as embargoed stories. For example, government unemployment data is released to the media early but they are not allowed to go with the news until x time. I wonder if that is what happened here. Did it come from Kodak or from the government?
“Did it come from Kodak or from the government?”
the insider leak certainly could have come from a number of insider sources, but regardless of the source, i think the intent was for the leak to establish a cover for insider trading ... only a LEGITIMATE investigation will establish the actual source of the leak ...
i might add that if we had a just world, insider, elitist scumbags would go to jail over these leaks and insider trading ...
Buy on rumor sell on news.
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