searay
Bid McPhee
Posts: 1,122
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Kodak
Jul 29, 2020 13:32:16 GMT -5
Post by searay on Jul 29, 2020 13:32:16 GMT -5
Kodak, the camera and film company, had toiled as a penny stock (less than $5/share) for several years, with low volume. Daily volume was pretty much between 50,000 and 150,000 shares per day. On Friday July 24, the closing price was $2.10 and volume was 75,000. On Monday, July 27, however, volume was 1.6 million shares! Price went up quite a bit, to $2.62/share. There was no news justifying a ten fold increase in volume, or the price action. Tuesday, volume exploded to 272 million shares. WTF, from 75,000 shares to 272 million shares in three days ?? Price way up now, to $7.94. Then last night it was announced that Kodak was being given a huge loan by the federal government to provide supplies to be used in vaccines, etc. The price this morning is just below $40 a share. Volume already this morning is 125 million shares. What do you all make of this?
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Kodak
Jul 29, 2020 21:36:43 GMT -5
Post by vtreds22 on Jul 29, 2020 21:36:43 GMT -5
Many people got very, very rich over the last few days, several of whom I'm sure work for Kodak, or has friends/family who work for Kodak.
By the time the public is made aware of any significant news that could affect share price, insiders knew about it hours, days, or weeks earlier. Even if you follow the news by the minute and try to get in on something before everyone else, Wall St. already knows about it and the news is already reflected in the share price.
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Kodak
Aug 3, 2020 22:56:21 GMT -5
Post by armo21 on Aug 3, 2020 22:56:21 GMT -5
Corruption!...Huckabee and Kushner are all over this deal. WTF. Go spend 20 minutes on the internet and the dots get connected back to Kushner Family and other republicans getting rich off a loan backed by tax payers.
I give up. Flush the whole thing down the drain and let Russia and China have their way with us. We deserve it.
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Kodak
Aug 5, 2020 19:40:18 GMT -5
Post by armo21 on Aug 5, 2020 19:40:18 GMT -5
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Kodak
Aug 8, 2020 16:14:51 GMT -5
Post by armo21 on Aug 8, 2020 16:14:51 GMT -5
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