07-30-2020, 05:51 AM
(07-30-2020, 03:55 AM)crimsonghost747 Wrote: What did KODK do wrong that would require the SEC to intervene? They were granted a loan from the government in order to switch their factories to produce medical ingredients. That is basic, generic medicinal stuff. Not a single word about vaccines. They are switching from being a company in a dying field with no future to basically a generic drug company. At least that is my limited understanding of what is happening here.
This sort of a change definitely deserves a positive reaction from the markets as now there is some hope for the future. Again, I don't see what they did wrong to justify a SEC intervention?
You can always short it if you feel like it. I'll be looking into doing this too in the coming days if I find some time because there is probably quite a bit of hopes and dreams included in the current stock price.
KODK is hard to borrow, so tough to short and their options have like zero open interest which is weird for a stock with weekly options.