Kodak was awarded a major government loan to produce ingredients for pharmaceuticals, however, the company is under investigation currently. As a result the shares have been in turmoil.
The stock may have reached a better balance. The selling looks flat. May see some higher highs and lows next.
60min Chart
Traded this 5 or 6 times now and made money each time. Currently long with starter position $6.36.
ReplyDeleteThis one is controversial to say the least.
ReplyDeleteHit the orange trendline yesterday in aftermkt. So I sold it all.
ReplyDeleteStarted to buy back.
ReplyDeleteUVXY chart is coming soon.
ReplyDeletesc,
ReplyDeleteThanks fore the chart--I own at 5.50
I will welcome the low 7's next week!
sc,
ReplyDeleteIt was cheap!
Exactly! Despite all the issues surrounding it - it is cheap...
DeleteAdded KODK $6.08.
ReplyDeleteFull position again. I bought all the shares back I sold yesterday for $7.05 to $7.27.
ReplyDeleteThe shares are essentially free to me because I made enough profit to pay for them trading the stock already.
DeleteI will wait now. I could increase to overweight position still at some point if I choose. Also I may consider call options on this in the future.
ReplyDeleteFor now I hold this position.
Bought more tqqq at 118.79
ReplyDeletesc,
ReplyDeleteI purchased calls ---very small volumn---open interest!
Yes, they are thin. I have some strategies in mind but for now I wait.
DeleteSC ... whats the site you use to check the situation on the VIx curve again ?
ReplyDeletehttp://vixcentral.com
DeleteSC - do you have any thoughts on the VIX not going up with the recent SPX decline the last few days?
ReplyDeleteActually yes I have a lot to say about VIX situation.
DeleteWas going to wait to talk about that until weekend or next week with some charts, but we could talk about this if you guys would like...
DeleteYes - very curious SC. The market makers ramped the VIX before the SPX selloff and now it's going down with SPX lol. Very strange, would like to be educated please :)
DeletePlease do!
ReplyDeleteThe falling vix and down sideways action is killing my oct and nov spx calls
ReplyDeletewall street is back from the Hamptons... they're going to defile the retail traders.... bad and every which way
DeleteThe vix is not confirming this move down You have the SPX moving down with the vix
ReplyDeleteThe VIX is dropping because there's less desire for put options
ReplyDeleteThere is a peak on the VIX futures curve first week of October. It stands out like a sore thumb.
ReplyDeleteNormally it is a disadvantage for UVXY in this situation. Like trying to swim upstream. However, in this case it just looks so obvious, almost preposterous.
SPX looks to be in a consolidation currently. I see nothing to change that opinion, but what the VIX may be saying is that there is too much complacency. In these situations the consolidation may not end until traders become nervous (VIX spikes). VIX spikes as SPX approaches a low, and can happen with very little decline in SPX.
ReplyDeleteWhat seems possible due to the timing indicated in the VIX Futures curve is that the low for SPX may occur first week of October. Same as last year.
SC - do you think UVXY will make new lows under 18.75 before the next spike higher into first week of October?
DeleteI think UVXY should be lower next week. Question is should it be bought at that time?
ReplyDeletego down to at least 19.90 to 20.00 should be a short term bottom....
Deleteassuming we don't crater in the markets during globex sunday night
SC, Thanks for the market update!
DeleteThis comment has been removed by the author.
DeleteWe have bullish divergences we could reach 11900 on nq before we drop
DeleteI will buy 10000 kodk tommy at 4
Deletelou
ReplyDeleteHave a good weekend!
Ok tommy
DeleteSold half tqqq at 130.30
ReplyDeleteBought srne 6.76
ReplyDeleteUnusual call activity in srne
ReplyDeleteIts a pure gamble
Sold srne 6.94
ReplyDeleteIm gonna wait on this
ReplyDeleteSold all tqqq
ReplyDeleteBought tqqq 128.20
ReplyDelete