Bankruptcy has not been able to stop Eastman Kodak, Inc. (PinkSheets: EKDKQ.PK) from making money for swing traders since it became a NYSE delisted Penny Stock. Kodak’s latest bankruptcy proceedings has the company trying to end contracts of namng rights of the Los Angeles theater that hosts the Academy Awards.
EKDKQ traded as high as $0.42 in today’s trading session.
EKDKQ closing price today was $0.41, up +5.13% (+0.02).
EKDKQ traded volume of 12,464,705, a dollar amount of $4,998,347 based on VWAP: 0.401.
EKDKQ is trading:
- $ 0.03 below its 20 day moving average,
- $ 0.06 above its 10 day moving average and
- $ 0.04 above its 5 day moving average.
EKDKQ is down -49.69% (-0.405) since its delisting from the NYSE.
EKDKQ has a Market Cap of $110.68M with a 269.95M Share Float.
Under the contract with CIM Group of Los Angeles, details of which were not disclosed in the court filing, Kodak “pays a significant annual amount for, among other things, the naming rights related to the Kodak Theatre,” which opened in 2001.
EKDKQ is up +36.67% (+0.11) since January 23, 2012.
EKDKQ was profiled in detail here as “The 2nd Best Swing Trading Penny Stock For 2012”. Click here to read a detailed reason why.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
- Trade Responsibly.
- Verify everything.
- Move Fast or Get Left Behind.
- Do not use market orders to enter a position, use limit orders.
- Have a System That fits You.
- If a Stock Gaps Open, Look for Pullbacks to Enter.
- Plan a Trade and Trade a Plan.
- Always use stop loss orders to protect yourself.
- Positive Self- Belief.
- Keep trading as Part of a Balanced life.
- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
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