Quote:
Originally Posted by candyflip
I banked off of Kodak a few weeks back. When I installed RobinHood, to fuck around with trading myself. I put $500 into Kodak and it was just over $1.50 per share. Woke up one morning to the news that they'd gotten a big government loan and were going to start producing pharmaceuticals. The stock got to over $50 and start dropping. I sold at $46 and did pretty well, for someone who had no clue what they were doing and totally lucked out.
I would advise against that one at the moment, the government as stalled the loan because of insider trading suspicions and the shares are back down to about $9 today.
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Yep. I saw that but did not get in.
Kodak has not been moving forward like they should have. they kind of stalled out when it came to Digital cameras and such. From the leader in film and camera to almost nonexistent.
Sears is one that hit the floor as well. They went into restructure and have another hearing on Sept 11. they hit as low as just under a penny per share and are now at 30 cents more or less.
I think they are going to pop back to maybe 90 cents or 1.10 and then stall out unless they unveil a Major change. Which I dont think is going to happen.