KODK trade ideas
KODK SnapbackKODK had a massive run up on news, now we are seeing the sell off post news. It became extremely overbought and overextended beyond the bollinger band zone. I expect it to fall back to $18 before it can stabilize again. It had a 110M market cap before the news dropped of a 750M loan. On its run up to 60/share it became a 2.5 Billion market cap. A proper evaluation after a loan of that magnitude is around an 860 million market cap if you include the new loan, with 44million shares available that makes a proper valuation around 18-20/share. On the chart you can see how it gapped up to 18/share before it ran up to overextended levels.
Eastman Kodak surged 143 percent yesterday! What will be then?Here’s a Thought! 30 July, 2020, by Vladimir Rojankovski, Senior Analyst, Grand Capital
Eastman Kodak said yesterday it signed a letter of interest for almost $800 million loan from the U.S. International Development Finance Corporation. The company will use the money to ramp up the development of Kodak Pharmaceuticals, a division tasked with addressing a national shortage of critical pharmaceutical components, including for the ongoing COVID-19 vaccine trials.
Shares of Eastman Kodak surged 143 percent yesterday to trade at $19.29, after touching a new 52-week high of $21.32 earlier. The number of Robinhood investors holding Kodak stock grew nearly eightfold from Tuesday morning to Wednesday afternoon amid the company's extraordinary rally.
“COVID-19 vaccine” is a magic word combination for markets. Almost any company can reasonably expect to capitalize on reporting anything to do with this kind of infection studies or applications. We expect more low-key market participants to use this magic tool for jumping from nowhere into their moments of glory.
KODK Breakdown 15min + 5minHead and shoulders. Nice parabolic run this morning. Levels to watch out for tomorrow will be $30.74 (first support) $26.55 (second support) and if we break those two zones then price will head back down to $17. Long this stock once it breaks $37.40
15 to 60 Eastman Kodak Part 2 I bought a stock today at 15
and it went to 60.
I sold it at 50, after 10 trading halts...
for" buy order "imbalances.
I wrote about this stock yesterday,
here on Tradingview, when it last traded at 7.94
I have been trading for many years,
i have never seen anything like this.
The stock symbol is KODK.
It closed today at 33.20, Up +318 %
THE_UNWIND
7/29/20
NEW YORK
KODK: Price rejection after spike on newsHigher Price rejection after spike on news
Will most probably fill the gaps back down
Gap #1 = 11,73
Gap #2 = 2,38
Watching!
The KODK Pump and DumpHappened before when Kodak came out with KodakCoin during the crypto craze, now with the pandemic, they are now rebranding towards pharmaceuticals. I dont know how regulators are sleeping on this but there is a pattern of shady stock activity here and nothing is being done about it.
Going short expecting this to grind back to 5$ over the next few months
GoldCartel - KODAK long-term forecast The Trump Administration is signing a Letter of Interest supporting a deal to transform Kodak into a pharmaceutical company that can help produce essential medicines in the United States. - Source: White House
Kodak Co $765 Mln Loan To Launch Of Kodak PharmaceuticalsBRIEF-DFC To Provide $765 Mln Loan To Eastman Kodak Co To Support Launch Of Kodak Pharmaceuticals
July 28 (Reuters) - U.S. International Development Finance Corporation:
* U.S. INTERNATIONAL DEVELOPMENT FINANCE CORPORATION - TO PROVIDE $765 MILLION LOAN TO EASTMAN KODAK CO TO SUPPORT LAUNCH OF KODAK PHARMACEUTICALS
* DFC - KODAK PHARMA TO MAKE CRITICAL PHARMACEUTICAL COMPONENTS IDENTIFIED AS ESSENTIAL BUT HAVE LAPSED INTO CHRONIC NATIONAL SHORTAGE, AS DEFINED BY FDA
* DFC - DFC’S LOAN TO ACCELERATE KODAK’S TIME TO MARKET BY SUPPORTING COSTS NEEDED TO REPURPOSE & EXPAND EXISTING FACILITIES IN NEW YORK & MINNESOTA
Sector: Electronic Technology
Industry: Electronic Equipment/Instruments
Employees: 4922
Eastman Kodak Co. engages in the provision of analog and digital innovations. It operates through the following segments: Print Systems; Enterprise Inkjet Systems; Kodak Software; Brand, Film and Imaging; Advanced Materials and 3D Printing Technology; Eastman Business Park, and All Other. The Print Systems segment comprises of prepress and electrophotographic printing Solutions. The Enterprise Inkjet Systems segment includes prosper and Versamark business. The Brand, Film and Imaging segment involves includes industrial film and chemicals, motion picture, and consumer products. The Advanced Materials and 3D Printing Technology segment offers kodak research laboratories and associated business opportunities and intellectual property licensing. The Eastman Business Park segment includes the operations of the Eastman Business Park, an acre technology center and industrial complex. The All other segment composes RED utilities variable interest entity. The company was founded by George Eastman in 1880 and is headquartered in Rochester, NY.
Kodak Blew up today.This one was an unexpected giant today. But all those robin hood traders allowed for a lot of liquidity to be taken advantage of. Ive got orders at the breakouts... $10.5ish and $4.5ish. Buy and Hold.
All ideas are subject to change.
Kodak Monthly Time frame AnalysisMeasuring this asset out into a monthly falling wedge and anything past those purple lines is all irrational exuberance caused by intra day traders and FOMO buyers short squeezing the asset. However, given that we do not know what the future price or market cap of the company may be because we have no idea EXACTLY what drugs and what ingredients this company will be making. That being said the price could irrationally continue this madness and awsomness or plummet down to fill those gaps. I am Bullish and Neutral at the same time.
Eastman Kodak Rocket's !Eastman Kodak, was granted a $750 million dollar loan today
from the Federal Government, to manufacture ingredients for
"generic" drugs here from here in the United States.
The agreement was hailed tonight by the President,
as a giant step towards bringing manufacturing in prescription drugs back to the US.
Listen to these stats for Kodak,
for decades a blue chip company in the Dow Jones Industrial Average.
KODK was trading yesterday at $2.13 a share.
Today it rose over 200%, to close at 7.94, on 283 million shares,
notably a 1000% increase in volume, showing institutional Buy side Accumulation in the stock.
Tonight, after Trump's comments it is up another 60%, trading near $13.00 a share.
THE_UNWIND
7/28/20
NEW YORK
KODAK - Don't get rekt!Sellers are ligned up between $17-18. What you do from here is up to you. KODK could possibly be short squeezed past $18 hard resistance.
KODK short this piss of sh*tIn the beginning KODK did film, then crypto, now drugs. Whats next? Electric cars? C'mon robinhooders are all that stupid?
And what insider was buying yesterday before this news? This has pump and dump scam written all over it. . .
KODK: Nothing new in the stock marketEcclesiastes 1:9
What has been will be again,
what has been done will be done again;
there is nothing new under the sun.
NYSE:KODK
