Last Stand On Earth
03-27-2011, 11:56 PM
A few weeks ago I went to my old haunt of Yahoo Finance (Most Price % Change - Price % Losers) and saw Eastman Kodak had been killed and I bought in at $3.29/share. There is/was lots of bad news, but I had a feeling if I just held it for a while it would bounce.
Well it looks like they finally got a bit of good news last week and maybe a patent will be enforced with Apple & RIM (will know May 23). Anyway, it seems they are in a bit of a turnaround and after reading - some of their plans looked okay and it seems they have enough cash on hand to last long enough to find out if their printers, etc. plan will pan out for them.
Long story short. EK has been shorted for a long time. Good news brought Friday close to $3.40. Looks like there could be a big pop on Monday morning. If we could hit the shorts we could see a really big pop. 52 week range $2.90-$9.08.
Could double your $$$ Monday. I will likely sell around $5 if it gets that high and pocket some profit.
DYODD
Opinions - about EK?
Well it looks like they finally got a bit of good news last week and maybe a patent will be enforced with Apple & RIM (will know May 23). Anyway, it seems they are in a bit of a turnaround and after reading - some of their plans looked okay and it seems they have enough cash on hand to last long enough to find out if their printers, etc. plan will pan out for them.
Long story short. EK has been shorted for a long time. Good news brought Friday close to $3.40. Looks like there could be a big pop on Monday morning. If we could hit the shorts we could see a really big pop. 52 week range $2.90-$9.08.
Could double your $$$ Monday. I will likely sell around $5 if it gets that high and pocket some profit.
DYODD
Opinions - about EK?