KODK was sitting on a powderkeg of risk, as we noted in our last piece. We said the stock would give a minor bounce at $14, but could plunge from there on legal risk given the obvious problems in how the original move was orchestrated, including likely criminal insider trading issues. This one will be a mess of headlines going forward. Technicals will likely cease having any significant meaning.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.