LordWrymouth

Kodak: A Horrendous Bear Trap

Long
LordWrymouth Updated   
NYSE:KODK   Eastman Kodak Company
On July 28, United States President Donald Trump issued an Executive Order under the Defense Production Act that Kodak would be transformed into a pharmaceuticals company with the help of a $765 MM federal capital markets blood infusion.

Afterwards, the Democrats/socialists threw a tantrum and found an excuse to attempt to conjure the return of manufacturing to America from their friends in Communist China into a scandal, creating an enormous buying opportunity after Kodak's loan was put on hold while the SEC investigated allegations of insider trading and wrongdoing.

The reality is that President Trump issued this move directly, and with an election coming in two months, he is very unlikely to deprive the people of New York the ~400 or so jobs that were to be created. Furthermore, according to Forbes, the situation at hand may be neither scandalous nor illegal to begin with.

In reality, Hedge Fund DE Shaw purchased 3.94 million shares in Kodak knowing full well the situation at hand, and according to Motley Fool, Kodak is undervalued no matter how you look at it.

The socialist Democrats loathe the idea of their BFFs over in Red China losing the manufacturing they worked for decades to poach from US soil. They loathe it almost as much as the Chinese Communist Party itself loathes the prospect of four more years of President Trump crushing the Party's gonads on every single front.

There's a big gap below the current price that retail traders will think is going to fill. Lots of people are expectantly sitting with buy orders at $2 and $3, and a lot of even greater fools are sitting short slightly over $10 and around $7-9 waiting to get filled at $3 and 4.

Unfortunately, the train is about to depart and margin is about to start calling. Embrace a bright future away from the CCP and catch the train. Kodak is one of the only remaining hot buys in the collapsing stock market.

"Buy when there's blood in the streets, even if the blood is your own."- Baron Rothschild
Comment:
Kodak's internal review concluded no wrong doing. Now the SEC just needs to clear them and it's off to $100.
Comment:
Right now, I believe Kodak is most likely to double top at $12~ and then dump. Until the SEC releases the results of its investigation, there won't be any funding, which means there won't be any pump. In reality, this timeline and the results are already known, meaning this period of bullish action is actually a short squeeze.

The good news is, if you're patient, that gap between $5.50 and 2.50 might actually fill...
Trade closed manually:
Kodak has come up woefully short of target. $12 was a one day dream and $10 is like trying to ski against an avalanche. I believe the SEC will drag their ass on releasing their investigation until after the election is over because the SEC is a socialist infested organization itself. You can tell this from how it allows crypto scams to run wild and allows Chinese merger acquisitions to plague our markets.

Without a Donald Trump re-election, Kodak is worth $2. That being said, I have faith that there are still some righteous forces in this world. But I think we now see a break of the $5.50 low before any kind of resumption of federal funding occurs.

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