Monday, January 18, 2021
KODK - Update
KODK continues to be a top pick as the company transitions into pharmaceuticals during a healthcare crisis. The monthly chart has been up for the third month in a row. This is encouraging although the month is not over and there is not a lot of strength showing yet. The daily has been channelling and is near the lower support. Monthly and Daily
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The monthly is showing that there is ongoing accumulation in this stock.
ReplyDeleteHowever, in the short term the daily went overbought in December, and it is working off that overbought condition. If it gets oversold on the daily chart the price could come lower in the short term.
ReplyDeleteThe appeal of KODK in the big picture is that clearly there is a healthcare crisis that is intensifying into the #1 trend. The catalyst was Covid, however, it is about demographics. The baby boomers have retired and huge numbers of ageing people are needing healthcare.
ReplyDeleteCurrently most pharmaceutical ingredients are produced in India and China. The US has indicated that they are moving to manufacture these ingredients in the US rather than relying on other countries.
The US consumes 40% of the worlds active pharmaceutical ingredients. Kodak has stated that they have capacity to produce 25% of the US pharmaceutical market. Kodak has incredible leverage for a small company, and that is why the stock hit $60 last year.
To be sure KODK has some issues and hurdles to clear, but I made a lot of money on this last year. The percentage gains are just so great at such low prices and it is only just beginning...
ReplyDeleteI'll say this. I will continue to trade it, but also expect KODK to eventually hit the $60 again with time.
ReplyDelete?
ReplyDeleteIf DRIP comes down this week it could be oversold in daily and ready to try.
ReplyDeletewhat area?
ReplyDeleteLet's see how it looks later in the week. It has been coming down about $5 a week.
DeleteThey are about to vote in the Italian Senate, Matteo Renzi will speak shortly, the one who commands the rebel party in government. If there is no confidence, Conte, Prime Minister, could be dismissed and if President Mattarella will finally make us vote, the right will return to Italy because Matteo Salvini, leader of the league party, fire in Merkel's eyes, will make Europe collapse . Get ready American friends, we will avenge Trump.
ReplyDeleteThanks Buck, keep us posted please
Deletehttps://www.rainews.it/dl/rainews/live/ContentItem-3156f2f2-dc70-4953-8e2f-70d7489d4ce9.html Here you can see the live broadcast from the Italian Parliament
ReplyDeleteThank you Buck!
Delete;-)
DeleteAnyone think Trump will use the Insurrection Act or Exec Order to halt the Inauguration tmr?
ReplyDeleteI believe the insurrection act was signed a long time ago Military tribunals are going to happen
DeleteHi SC and All,
ReplyDelete1/21 is coming. Are you thinking of entering UVXY?
The Italian government does not have the majority votes in the Senate, but only relative ones because Renzi instead of voting against for now has only abstained, he did not want to rage, with his votes against the government went home. This means that he can continue to govern, but with a lame government that will be able to govern with difficulty, he can fall at any moment, by now in the majority the trust is broken, even if the numbers for now give him a minimum reason to live, the instability, however, is not good for the markets.
ReplyDeleteDeMark
ReplyDeleteHad SPX 3907 as a possible top---looks like we are getting close!
sc,
any buy in yet?
Not yet
DeleteNew charts posted!
ReplyDeletewe are close?
ReplyDeleteSC, tell us about vix and sp, what targets do you see for next weeks?
ReplyDelete