NEWS – KODK Stock Explodes | Best Stock Price Today 12-7-20

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Trading Game Plan: 12-7-20

Kodak $765M Federal Loan Process Involved No Wrongdoing, DFC Concludes

An independent committee appointed by the Kodak board in September concluded there was no violation of the law on part of the Rochester-based photography company but it flagged concerns related to corporate governance.

Continenza said in October that Kodak will move forward with the generic drug ingredients manufacturing venture even if the federal loan is not granted.
(Source Benzinga)

The stock market shows profit-taking pre-market as the toll on American lives grows to unthinkable numbers.

The battle between optimism and the current reality weighs heavy on stock prices. The bottom line is we need to respect risk in the face of the uncertainty.

There's plenty of trade setups, we simply need to work hard to find the best ideas.

Energy stocks have solid order flow, FANG, PSX and PXD are now in my watch list.

LYFT and UBER continue to march higher and we see no signs of a reversal. Both stocks have performed well the last quarter of 2020.

WDC and MU have traded beyond the optimal entry so we're moving higher trailing stops and waiting for a place to book profits.

CAT gave us an amazing day trade on Friday but we've stayed away from a swing trade. Day to day it's been frustrating.

Financials broke out after a multi-week pause, but we discuss switching time frames on these stocks to avoid getting whip-sawed on the daily charts.