Link to 5-day graph of stock price. Kodak surges 1,900% in 2 days after securing a $765 million government loan to make drug ingredients | Markets Insider How much you want to bet some Congressmen purchased some Kodak via inside information this contract was being awarded? A $10,000 investment would have turned into $200,000 in two days!
They give us those nice bright colors They give us those greens of summer Makes you think all the world’s a sunny day, oh yeah
Why is there a government contract to make pharmaceutical ingredients? Answer that and you can explain most of the economics problems in the US.
I don't think it was a government contract. It sounds like Kodak made a deal with a pharmaceutical company to produce the chemicals for the pharmaceticals and the government provided a loan as a result (Probably at 0 or near 0% interest).
Average shares traded of Kodak 100,000 per day, couple of days before the deal 1,000,000 shares traded that day. Nothing to see here.
I was disappointed I could not get enough shares to short as it ran up to $60 early yesterday. By the time they became available, it was already back down in the mid-$30's.
Government shouldn't be loaning money. We are running deficits. It is basically taking money from our kids and grandkids and giving future money to Kodak today. They need to justify their activity on their own capabilities and those of their direct customer.
Had issues getting the shares I wanted through Ameritrade. By the time they were available, it was down to $26 and I wasn't sure if there was enough meat left on the bone...obviously, as I watch it at $16 today, I made a mistake not snapping up all I could get at $26.
I had the same issue with Ameritrade, keep rejecting my order. Finally I just placed the order as buy to close and left. Checked account after close and the puts where in my account.
TD Ameritrade has difficult customer service. Their site is really good but everything during Covid 19 is slower than crap.
Interesting...my contract orders not only set the market at open, but they ALSO represent the high sale price. Small number of contracts, but what the hell...money is money. And if the loan falls through, the future value plummets as well. A few hundred bucks per contract for a few hours isn't a bad morning... (I had what, on Friday, looked like a good bet at five bucks a share down the road...set what was an obscenely low order price that filled this AM. I always set some targets low because some people don't know how to set the limits on either side of a sale...same reason I set sell prices high when I really wasn't THAT keen to sell right away).
Kodak's stock rockets on heavy volume after committee hired by company finds no laws broken with loan announcement Up around 50% today.
Showing as being up 38% as of a moment ago...but I believe this is what we would refer to as a dead cat bounce. It spiked early and has basically dropped since then... KODK was one of the very few companies where I have EVER seen a short interest that exceeded 100%. It is back down to around a 40% short interest.
