Kodak Lands $765 Million U.S. Loan in Start of Medical Supply Chain Fix

$43

 

wow

 

In 6 months Kodak will be under 10 again.

 

Just like my dot com stocks back in the dot com days.

 

Kodak Stock’s Rally Destroys Short Sellers. They’re Down $50 Million.

Bearish short sellers—in Wall Street parlance—got their faces ripped off by Eastman Kodak stock over the past two days. It sounds brutal, but it’s common Street-jargon. It also appears to be a fair description for what just happened to the bears. The short squeeze has been epic.

Tuesday, Kodak (ticker: KODK) received a loan from the U.S. government to develop generic pharmaceutical drug ingredients. That kick started the rally. The stock rose 203% on Tuesday and another 308% on Wednesday.

https://www.barrons.com/articles/3-oil-stocks-with-healthy-looking-dividends-51596016807

 

Ted Suhl, a manager at Southeastern Asset Management, the largest shareholder of KODK with 55.3% ownership of stock (convertible bonds and pfd) had his bribery prison sentence commuted by Trump last year. This week Kodak stock up 2,189% after Trump backs pivot into drug industry

 

How was my call 24 hours earlier?

That was at $8. fwiw
Coat-tailers.

 

Dropped 50% from Thursday's open. I think I was cautious with the 6 months time frame.

 

Should I take a short position on Monday?

 

If you do, I'd very nimble.

Below is a daily of Riot Blockchain back in Sept. 2017. ($RIOT)

I'd look at those candles real well. I'm not saying its going to play out exactly like that, but it might come close. It won't be a straight drop that's for sure.

For reference the flatlines on each side are (about) $4. The top is about $46. I have the Y axis set to linear scale for this one so you can see the action from the perspective of how it happens day to day.