[On :freetrade:] Kodak (KODK)

They got a $700 loan from the US to start creating drug ingredients…

One of the biggest pumps I’ve seen in a while.

Chairman bought 46K shares at $2.22 last month.

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that’s actually insane. Wonder how much hes walked away with today, no way he didn’t sell hahah

Bought @ $2.22 x 46,737 = $103,756.14.
Now worth $25.26 x 46,737 = $1,180,576.62.

Profit = $1,076,820.48
1,138% in slightly over one month. If only we all had that luck.

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Not a bad life for some :sob:. I could do with that luck (or knowledge :wink:)

wouldn’t that be inside trading? I doubt he did not know then about the loan…

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Yeah I know, I doubt he knew. But it’s the trump administration, I wouldn’t put it past someone of his knowing.

I can meme stock with the best of them, but this is straight up gambling

It’s not gambling if you know the outcome!

That’s if you’ve bought any of course… :laughing:

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I think it’s all daft. Kodak are one of the best examples of a firm that failed to move with the times. More covid mania

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This aged well, what a daft suggestion.
Kodak are now under SEC investigation for a pump and dump.
Down from circa $40 when this was added to just $15 as I write this.

How did this get added as a solid suggestion for investing?

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I think playing blackjack is actually less gambling than what is happening with some of these stocks, Kodak being a prime example :smile:

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I’d defo fancy my chances with Blackjack more than some of these stocks!

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Had you have invested in Kodak when this was added you’d now be 56% down in 1 week.
Horrible idea to add this based on the hype.

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Anyone can add a suggestion, I don’t think anyone said it was solid :smile:

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I’m confused on how it all works really mate.
I was under the impression the popularity vote was the driving force on if a stock gets added but the more I hop around the suggestions the less I believe that is the only factor.

I think they take a number of things into account. The number of votes is just one of them. Liquidity is another. They aren’t keen on adding illiquid stocks as it leads to more rejected orders. Some can’t be added till we get Nationality declarations in the app. There are probably other factors I don’t know about.

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