Once the last few MORONS are finished selling, Kodak shares can RESUME their RISE, as SHORTS PANIC before the weekend.
The SHORTs will LOSE 10 to 50 FOLD on Monday alone, with MORE losses in subsequent months.
WHO would go into this MASSIVE auction short???
If you are Long, I suggest that you hold your position til the first half of 2013. No use making a change now that the conclusion is at hand.
Here are some reasons why:
!. PRO may have been right to state that WALL STREET just do not understand the complexity of EK. Maybe it was the many positives outlook that never came to fruition.
2. The outcome of the patents and the sale of the divisions has not taken place and you have the same negative posters that state EK = $0. I won't mention names but you know just by their handles what they are going to say.
3. The last Wednesday Monthly Omnibus Court Date Transcript November 14, 2012 is restricted until February 13, 2013.
There will be restricted documents for the Friday December 7, 2012, CVS RSS Replacements Agreement as well.
In addition, there will be restricted documents to the upcoming refinancing Court Date December 14, 2012. Judge Gropper will probably restrict those transcripts of the Court Hearings as well.
THERE IS NO REASON TO SELL BECAUSE THE OUTCOME IS NOT KNOWN.
I think next Friday December 7, 2012 will be a Biggie. For CVS to come with a support for the Replacement Agreements is a telling sign.
CVS is dealing with someone with a lot of clout once EK gives up those kiosks inside of CVS. CVS is no dummy.
pro, i disagree.
i do not expect any shorts to cover after today, only someone very stupid would risk to short this shares after today.
i`m really not sure, if your valuation or expectation is possible, but the risk, that the two warriors at this war will go all the way, is to high imo.
it`s not very likely to see this auction stop before the kodak valuation, and imo there is a chance to go higher, and a small chance to go very high (there is also a chance, a small one imo, that the auction closes under the expectation).
and if that happens, shortsellers would be burned badly.
so any shortseller would be crazy to risk anything after today.
maybe we could expect some stoploss fishing today, maybe some "observers" will tell us, the auction is at the moment behind the expectations, but a big short selling, no, and also a big covering, no. they had the last two days, to get the bigger part of the outstanding shorts.
"Much.Faster" your post regarding short-selling is so convoluted, it defies description.
The shorts are NOT covering.
That's just the way that they operate.
If they haven't covered by now (data will be released today after the close as of July 31st settlement), they won't be covering in the next two days, either.
The previous bi-monthly report showed 21 million shares sold short.
Just look at the FINRA Daily short interest data.
In fact, 2.3 million shorts were put on just YESTERDAY.
"Pro....believe it or not, many are led by the blind...case in point...WSJ sell-off..! "
Case in point - Pro's league of x-generation bum-sniffers! Shorting to ZERO, LOSERS!
Thanks for PUMP, pro_con!
>>>"PRO - 10 to 50 folds
isn't the upper limit little exagerated? "<<<
50 time 40 cents = $20 which is the BOTTOM of my valuation for Kodak.
A $10 Billion sale will give Kodak OVER $20/share of NET cash after paying off ALL actual debt, and trade liabilities.