In the span of six trading days, Eastman Kodak Co.’s volatile stock made millions for some and destroyed the savings of others.
Kodak’s stock price first rose Monday, July 27, and then surged from $2 to as high as $60 over the following two sessions on an intraday basis thanks to the preliminary disclosure of a possible $765 million government loan to make drug ingredients at its U.S. factories. The stock then fell precipitously.
lol'd
jedimarkus77 ?
rvc330 Hahaha oops
REKTstonkMAN
One thing I learnt about those employed in the markets in SEAsia is that (in simplistic terms) a lot of so called traders’ are merely professional gamblers playing with other peoples money
Most professional money managers can’t beat the market, but random people with 9-to-5 jobs jump in like its easy and obvious. This is what happens. investing finance
Idiot
I trade for my living. What I found is about 92% of traders lose. Just because good news comes out on something doesn’t mean the asset price should increase also he was probably positive on his trade for a number of days and did not lock in his gains... Big no-no
A “chump” that fell for the typical “pump’n dump”. Wouldn’t you like to know who the sellers were at that short term peak? cnbc
My 15 year old son described the difference between investing and gambling on his blog.
Classic case of social proofing (psychological and social phenomenon wherein people copy the actions of others in an attempt to undertake behavior in a given situation) coined by Robert Cialdini
Trading is gambling. Meaning, as with anything else, you need skills.
Hahahahaahaha
Stop loss.
Wonder if he follows stoolpresidente lol
Trading is a very keen way to earn value. But most people trade stock, not value. If you trade for share price, you’ll never earn value. In that capacity, yes, trading shares for their listed price is quite literally gambling. Insight required, especially in today’s markets.
All you had to know is how much Trump lies & grift’s, Kodak knows nothing about drugs & $750mil isn’t enough to set up an aspirin producer mandated for the defense production act. Stock fraud plain and simple. A one day, hr by hr in & out! washingtonpost nytimesbusiness
The only advantage an investor had over the institutions is time. Otherwise it taking a knife to a gun fight.
Also ... thank you 😂
Well...this is such a spec you never hold this overnight...onlybuyandholdbestinbreed
Ask Martha Stewart how she games the market. ProTip: Hang out with wealthy people.
“Mr. Bulinski said he booked a 19-fold return for clients, selling all of his shares at an average of $48 apiece—for roughly $7.8 million” 👏👏👏👏
LMAOOOOOOOO
Trading is not the same as investment
Highly depends on how you 'trade'...
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