“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
After failing to find a buyer for their 1,000+ patents last week, Eastman Kodak Company (PINK: EKDKQ) filed for bankruptcy protection to buy some time to find a market for their assets.
The once iconic company had said back in November that if it fails to sell its portfolio of digital imaging patents it will run out of cash. The bankruptcy-filing caps a prolonged decline for one of the best known companies in the world.
The bankruptcy may give the Rochester, New York-based company the ability the find buyers for its digital imaging patents.
According to the filing made by Kodak in the U.S. Bankruptcy court in Manhattan, the company has approximately $5.1 billion assets and $6.75 billion liabilities at the end of September. CFO Antoinette McCorvey said in the filing that the company plans to sell significant assets during the bankruptcy process.
The company expects its U.S. restructuring to be completed in 2013.
Kodak CEO Antonio Perez said that the bankruptcy is a necessary step and the right thing to do for the future of the company.
Kodak was profiled here earlier this year in detail. Stocks To Watch: Eastman Kodak Co.
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.
AimHighProfits.com strives to provide you with the hottest stock alerts in the market in Real-Time. We focus on stocks that trade for $5 per share or less, some as little as a few pennies with upside potential. Our goal is committed to producing and publishing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions and to inform you of the best stocks in the market before they move. Our focus is primarily on OTC stocks in the stock market today which have traditionally been ignored by Wall Street.
We have particular expertise with internet stocks, gold stocks, renewable energy stocks, biotech stocks, oil stocks and green energy stocks. There are many hot penny stock opportunities present in the OTC market every day and we seek to exploit these hot stock gains for our members before the average daytrader is made aware of them.
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