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Kodak up over 1400% in two days
07-29-2020, 09:45 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Aug 2011
Location: West of the Mississippi
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Kodak up over 1400% in two days
Should I break out my old Nikon F3?
Does Kodak make something that kills CV while causing safe weight loss?
Did Elon Musk make an offer to take Kodak private?
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The worst decisions are usually made in times of anger and impatience.
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07-29-2020, 10:04 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Mar 2016
Posts: 8,968
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Kojaks with Kodaks, 10-4 good buddy
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07-29-2020, 10:29 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jun 2006
Location: Boise
Posts: 7,504
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The President announced a deal either today or yesterday whereby Kodak would receive a bunch of money in order to start domestic production of goods for the pharmaceutical supply chain. The intent is to lessen US dependence on India and China where a large portion of our drugs are currently made.
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"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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07-29-2020, 10:59 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Apr 2008
Posts: 1,822
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 Quote:
Originally Posted by SecondCor521
The President announced a deal either today or yesterday whereby Kodak would receive a bunch of money in order to start domestic production of goods for the pharmaceutical supply chain. The intent is to lessen US dependence on India and China where a large portion of our drugs are currently made.
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Reducing the dependence is a good step in the right direction.
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07-30-2020, 04:17 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2006
Location: Rio Grande Valley
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Quote:
Originally Posted by Chuckanut
Should I break out my old Nikon F3?
Does Kodak make something that kills CV while causing safe weight loss?
Did Elon Musk make an offer to take Kodak private?
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I didn’t realize they were still in business!
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Retired since summer 1999.
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07-30-2020, 06:12 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
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Location: Seattle
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Wait, Kodak is making drug ingredients now?
"Mama don't take my remdesivir away"
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07-30-2020, 06:20 AM
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#7
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Recycles dryer sheets
Join Date: Sep 2008
Posts: 375
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Near by me, their is a local pharma company laying off workers, they can probably be put back to work making some of the stuff that is on short supply.
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07-30-2020, 06:21 AM
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#8
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jun 2005
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Kodak has been making fine chemicals for years and years. They even had a pharmaceutical business with drug chemists, molecular biologists, and the works.
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07-30-2020, 07:09 AM
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#10
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Administrator
Join Date: Jan 2008
Location: Chicagoland
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Quote:
Originally Posted by someguy
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This link is to a reddit discussion with hundreds of comments. Was there one in particular that caught your eye?
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07-30-2020, 07:21 AM
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#11
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Full time employment: Posting here.
Join Date: Jun 2012
Posts: 677
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Quote:
Originally Posted by MichaelB
This link is to a reddit discussion with hundreds of comments. Was there one in particular that caught your eye?
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It was mostly the chart (whose timing I have NOT personally verified) suggesting that some folks might have known and traded on the Kodak loan before it became public knowledge.
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07-30-2020, 07:23 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,126
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Quote:
Originally Posted by someguy
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They mentioned it on CNBC yesterday, that the typical trading volume was around 100,000 shares but the day before the announcement, almost 1 million shares were traded. 10x the volume the day before a blank check is being written to them.. hmmm.
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07-30-2020, 07:23 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Dec 2008
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The stock volume surge was not a claim, it was real. Here the CEO gets to answer the question about how well the news was kept from the public.
https://www.cnbc.com/2020/07/29/koda...announced.html
Something tells me this will be an item that keeps floating to the top of news headlines for a few months. Insider lists will be scrutinized, that's for sure.
I read a sarcastic comment that mentioned this is a perfect way to vacuum short money form all those Robinhood traders.
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07-30-2020, 07:32 AM
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#14
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Dec 2008
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The CNBC article mentions specifics about trade volume.
"On Monday, prior to the announcement, 1,645,719 shares traded hands in the stock, far surpassing Friday’s 74,893 trades, and Thursday’s 80,840 trades."
That's about 22x increase in trade volume from the previous day. Everything is etched in bits, so it will get looked at very diligently by the SEC I guess.
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