Discover and read the best of Twitter Threads about #kodk

Most recents (3)

‘NY attorney general James demands #Kodak CEO testify on alleged insider trading’

“The petition, filed with the New York County State Supreme Court, claims that chief executive Jim #Continenza bought shares of his company's stock while…”

#InsiderTrading
cnbc.com/2021/06/01/ny-…
“… while #Kodak was in non-public talks with the White House over a loan worth hundreds of millions of dollars.”

cnbc.com/2021/06/01/ny-…
NY AG “James says that #Kodak falsely claimed in two separate public filings with the [SEC] on May 17, 2021, that the trades were 'in compliance with the Company's insider trading policy, including pre-approval by its general counsel.'”

whec.com/rochester-new-…
Read 46 tweets
1/ Selling when you are down is THE way to lose money because you have no chance to earn anything back if things rise.

When I am down steep on a stock, I buy more. This brings down my average buy price; losses start to recover sooner and it can turn profitable sooner too.
2/ @stoolpresidente It almost always worked for me.

Example:

I moved into $MJ at $30. Then at $20. Then at $10.50.

My average buy price dropped to $17.00

It crashed to under $9.

Then it rose, and rose and rose. It hit today $23.88.

Losses long recovered. Gains are here too.
3/ Newcomers’ mistakes don’t start with selling when down.

The mistake starts by chasing stocks on the upswing (I did not touch #GME), and another mistake is buying their full hand at the start. I place only 40% of my would-be hand. If it rises, great. If it crashes, I buy more.
Read 12 tweets
Analysis: #NYSE $KODK

Case 283 #Eastman_Kodak Company

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#KODK 1/4
Chart 1
Weekly Chart: Another blow to the bulls as a new all time low of 1.50 was recorded in Mar 2020. Price is currently holding above the #SMA 50 and attempting a close above the SMA 20 - immediate #resistance is seen at .....

KODK 2/4
..... 3.21 then 4.20/85 #pivots and #trendline with the SMA 200 at a distant 6.32.

KODK 3/4
Read 4 tweets

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