Any Kodak News?

Ted Striker said:
Yes, that is the only logical reason the stock could be popping so high these past few weeks. I wonder who would want to buy Kodak. Such news won't stay hidden for long.
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There can't be a long list of potential acquirers. Ilford wanting to add color film to their offerings? But surely they are too well run to overpay.
 
Something is REALLY going on with Kodak. Again, the price of stock is SURGING. Up 30% the past week and 75% the past month. This is a huge move to the upside. I know that there are some large purchases from executives but I still think someone is going to buy Kodak. The business numbers don't justify a near doubling of the stock price is just a few months.
 
Ted Striker said:
Something is REALLY going on with Kodak. Again, the price of stock is SURGING. Up 30% the past week and 75% the past month. This is a huge move to the upside. I know that there are some large purchases from executives but I still think someone is going to buy Kodak. The business numbers don't justify a near doubling of the stock price is just a few months.
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Ted,

Thanks for starting this thread. I find it very interesting.

The price moves are mighty big. Something is going on. I tend to agree with you that a buy-out is most likely probable. The insider trading also supports this.

Cal
 
Ted Striker said:
Has anyone heard big news about Kodak? I ask because the stock has absolutely rocketed up this week, up +20%! That is a massive move to the upside
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Ted Striker said:
A couple days do not make a trend.
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As I said, after a week the stocks are falling 30%, do you like this trend Ted? looks like a week is enough to call it a massive move up, here you have a massive move down. ;)
its good you guys (calzone and saul) are not traders :D
 
DanskDynamit said:
As I said, after a week the stocks are falling 30%, do you like this trend Ted? looks like a week is enough to call it a massive move up, here you have a massive move down. ;)
its good you guys (calzone and saul) are not traders :D
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Dan,

Not currently trading, but back in 2004-2007 I did mighty well trading oil stocks with all the volatility back then. This was in a margin account so basically the only difference between me and a hedge fund was one zero, where they used 30 to one leverage, and I was limited to only 3 to one leverage.

I sold and closed my positions when oil first hit $135.00 a barrel. Later that afternoon it blew a top at $147.00 and it was "look out below."

Look up "Regression to the mean" and "pivot point analysis." These two fundamental principles made me a lot of money. Simple math.

BTW I was more of a position and swing trader because of taxes. My capitol gains were kinda big.

Cal
 
Ted Striker said:
Well in the 6 days since the last post in this thread, the bottom has fallen out of the market for Kodak. In the last trailing month Kodak stock has plunged -36%. It has trended down every single day the past week. I've searched hard to find news that might explain this plunge in share value but come up empty. Short sellers are moving in strong and that will only continue to drive down the stock price.
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Ted, have you figured out the answer to your previous question about the Kodak share price plunge? Maybe current rise has the same answer? :)
 
valdas said:
Ted, have you figured out the answer to your previous question about the Kodak share price plunge? Maybe current rise has the same answer? :)
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I have no inside information to Kodak and because of that, I dont trade the stock.


That said, I pocketed a quick $500 trading on my iPhone this morning.
 
Ted Striker said:
I have no inside information to Kodak and because of that, I dont trade the stock.
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Nobody with the possession of inside information (material and nonpublic) should be involved in any trading activities - that would be a crime. I was not suggesting that. Not all significant share price movements are explained by existing or upcoming material events (such as M&A activities) or company performance and fundamentals in their financial statements. Ever heard or "random walk theory"?
 
valdas said:
Nobody with the possession of inside information (material and nonpublic) should be involved in any trading activities - that would be a crime. I was not suggesting that. Not all significant share price movements are explained by existing or upcoming material events (such as M&A activities) or company performance and fundamentals in their financial statements. Ever heard or "random walk theory"?
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My retirement money trades under the random walk theory. My day trading money trades under my direction.
 
Ronald M said:
Pump and dump. I.e. keep driving the price up and suckers buy in, then sell off what you own.

Oldest scheme going
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Nonsense. I have been following Kodak's stock for 5 years. Moves like this are exceptionally rare (almost unheard of with Kodak) and have far more meaning than the simple thought you expressed.

Anyone who has any experience trading knows that there is now "sure thing" when it comes to the stock market. The move obvious moves are beyond transparent and are made for suckers. It takes huge money to move a stock price up 30+% in just a few weeks. That's institutional level of money and they are not composed of suckers.
 
Saul said:
Most ironic statement of 2020 (so far). The S&P index consistently beats 4/5ths of all money managers. But of course you knew that.
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Of course I knew that. 75% of my retirement money is in an S & P 500 index fund.

That does not negate what I said. That a fund manager can't be the S & P does not then place them in the sucker category.
 
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