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re: Kodak is SOARING. $2 on Tuesday.... over $50 this morning...closed at $33

Posted on 7/29/20 at 9:44 am to
Posted by RebelExpress38
In your base, killin your dudes
Member since Apr 2012
13564 posts
Posted on 7/29/20 at 9:44 am to
ummmm what puts do we buy because this defies logic
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5416 posts
Posted on 7/29/20 at 9:46 am to
And now for 10 more halts on the way back down. Weeeee!!!!
Posted by jlovel7
Louisiana
Member since Aug 2014
21318 posts
Posted on 7/29/20 at 9:46 am to
It just dropped and I assume froze again. I'm selling my position. I'm out. This is too much for my heart .

ETA: Not sure why but my first sell got fricked up and canceled so I only made a fraction of what I was expecting. Well that sucks
This post was edited on 7/29/20 at 9:54 am
Posted by castorinho
13623 posts
Member since Nov 2010
82031 posts
Posted on 7/29/20 at 9:46 am to
quote:

ummmm what puts do we buy because this defies logic
I looked earlier, but not only is the interest not there, the prices are whacky. Pass.
Posted by Yak
DuPage County
Member since May 2014
4672 posts
Posted on 7/29/20 at 9:47 am to
shite like this either makes you a millionaire or jumping out of a high rise
Posted by castorinho
13623 posts
Member since Nov 2010
82031 posts
Posted on 7/29/20 at 9:53 am to
31

Someone is already holding a bag
Posted by RebelExpress38
In your base, killin your dudes
Member since Apr 2012
13564 posts
Posted on 7/29/20 at 9:54 am to



Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 7/29/20 at 9:56 am to
quote:

31

Someone is already holding a bag
Some day traders just became long-term investors.
Posted by jlovel7
Louisiana
Member since Aug 2014
21318 posts
Posted on 7/29/20 at 9:59 am to
quote:

Some day traders just became long-term investors


I'm taking my modest gains from this and putting it in a nice safe index fund. Or better yet, bonds
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 7/29/20 at 10:02 am to
due to the volume of buying/selling how long are the pauses typically for?
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 7/29/20 at 10:08 am to
The duration of the trading halt depends on how long it's taking to get the bid/ask volume back into balance.

The recent halt in trading was caused by a massive order imbalance.

The bid size was in the 50,000 shares range and the ask size was around 1,000 shares range the last time trading resumed a few minutes ago.

Right now sellers are overwhelming the KODK trade. Before that the buyers were overwhelming the sellers.

ETA: Trading just resumed for about 30 seconds and was halted again. The bid size was 45,000 shares and the ask size was 500 shares. Then trading was halted again.
This post was edited on 7/29/20 at 10:10 am
Posted by MikeyFL
Las Vegas, NV
Member since Sep 2010
9596 posts
Posted on 7/29/20 at 10:09 am to
quote:

I'm taking my modest gains from this and putting it in a nice safe index fund. Or better yet, bonds


Good move - definitely go into something less volatile. Like Bitcoin.
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 7/29/20 at 10:11 am to
I set a limit order for a few shares if it dips back to $20. I'll dance.
Posted by jlovel7
Louisiana
Member since Aug 2014
21318 posts
Posted on 7/29/20 at 10:16 am to
It's back up to 40 now.
Posted by dgnx6
Baton Rouge
Member since Feb 2006
68641 posts
Posted on 7/29/20 at 10:21 am to
I always get the news about this shite way too late.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 7/29/20 at 10:22 am to
quote:

I set a limit order for a few shares if it dips back to $20.
I'm not saying KODK won't get back to $20 today but if it does, we're going to be hearing about some serious margin calls going out.

Over 130 million shares traded with the high price so far today at $60!

ETA: Price back down to $33. Wow.

ETA: Trading halted again.
This post was edited on 7/29/20 at 10:25 am
Posted by MSTiger33
Member since Oct 2007
20384 posts
Posted on 7/29/20 at 10:26 am to
WTF is this nonsense
Posted by Yak
DuPage County
Member since May 2014
4672 posts
Posted on 7/29/20 at 10:28 am to
AstraZeneca makes Prilosec right?

I think I know my next investment after this
Posted by Big Sway
Member since Nov 2009
5133 posts
Posted on 7/29/20 at 10:29 am to
Why I didn't buy yesterday at 2.62 when money board dropped the info yesterday. Crap.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72671 posts
Posted on 7/29/20 at 10:30 am to
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