Kodak (stock market Thread)

[Nbadan]

Anybody get you some of that Kodak stock today before the rally died? Turned a cool $1k to 10K :oink:oink



Eastman Kodak shares are enjoying a renaissance. Shares were up an eye-popping 474% Wednesday afternoon, building on Tuesday’s nearly as eye-popping 200%-plus gain. Shares closed Wednesday up 318%. Fresh capital and a new business are the reasons. The question for investors now is how high can shares go?

It isn’t an easy question to answer. There are no analysts covering the company and no target prices to help investors. What’s more, the company is taking a government loan to build a drug-ingredient business. Kodak (ticker: KODK), has been and is in the imaging business. Valuing a huge new business is hard for any investor evaluating a company.

https://www.barrons.com/articles/kodak-stock-generic-drug-ingredients-government-loan-51596031726

[Spurtacular]

Sorry I missed it.

[Nbadan]

I was doing ok already with AMD but then this broke and I was able to get in at the low 20's

[Nbadan]

Qualcomm tomorrow...how much? :wtf

[DMC]

New York (CNN Business)The enormous rally in Kodak (KODK) shares has no end in sight, after the Trump administration announced the company will be transformed into a pharmaceutical producer under the Defense Production Act.

Trump good now

[Nbadan]

Kodak is settling now...that horse is dead.....run tomorrow on Qualcomm...thinking 10K play. Selling all my AMD in the a.m. Telsa is dead for now.

[hater]

New York (CNN Business)The enormous rally in Kodak (KODK) shares has no end in sight, after the Trump administration announced the company will be transformed into a pharmaceutical producer under the Defense Production Act.



Communism good now

NOSTROVIA

[boutons_deux]

Navarro and the criminal insider buying at Kodak, to produce chemicals for HCQ :lol








Insider purchases

The administration's loan to Kodak was possible because of a May 14 (https://email.mg2.substack.com/c/eJwlUUmOgzAQfE18MwKzhDn4MJf5BvLSASvGbXkJ4vfTEMlSSd VLVZeNKrBiOmXEXFjNkBZnpRjasZtHZuVgCWfm8vJKALtyXpZU gcWqvTOqOAzXQDdNA9uk_tFaiLl7zoRt9xxGPYhJaNtN4wh9zy 6VRVXrIBiQ8IF0YgDm5VZKzI_-9yH-6B3H0RybK7AhWWpW_BAZE2RnIRSnPFfmks5EA3ILHlbyElauat kwuXJyGxU3VKw8cxcKpHC7pVlLuh7jTqv4ywVFVrjBFDHdHZx0 IgZL3MdZ3v1wrEUnUG9SY06KVrTts2-7thejaLomIURhjz06_xjafRVNrjoXZd6NwZ0laVUKaAJc5fXK8 OYpwoVwr4HsLhCU9mC_6Zbvd9xplTOCDHBkD4Wu-JIU-XOep2lkJGWRdgYaidWr5MIL035f8g9O4KlT) announcement by Trump.

That was when Trump delegated authority to the CEO of the United States International Development Finance Corporation (DFC) under the Defense Production Act. The DFC was authorized to invest in companies to

"restore the domestic industrial base capabilities, including supply chains within the United States… needed to respond to the COVID-19 outbreak." :lol

During his CNBC appearance, Continenza said that he had been working with the government on securing the loan for "a few months." It is obvious that securing the deal would dramatically increase the value of the company. The amount of the loan was seven times the value of Kodak at the beginning of this week.

That means that Continenza knew about the possibility of the deal when he purchased 46,737 shares of Kodak on June 23 (https://email.mg2.substack.com/c/eJw1kM2OgyAUhZ-mLImCIi5YdNNnmJ1BuFoy_BjAWt9-rm2GEM7lwOGGz-gKa8qn2lKpZC-QJ2cV65q-lT2xqrOokrgyLRkgaOdVzTuQbZ-9M7q6FK9AK0RHnsr2fBn4bLphGOTIjeBGynEQiwDZamHI1WXSu 3UQDSh4QT5TBOLVs9at3Pj9xh44j-OgBQxd0wt392ye7gUFS7CrzqhWV43CW8Z71AaHHFvJR3aVuKD5 Lv7Bu_6n4f9B-g6eOMWuCwNv2oazntGW5gQbs0fYnL91TVgZLftcqja_1KRAsrI 6x2QiXMfrBeHjI4MJNezR1XOCqGcP9ounfnl-vlvPDVSEo3ioFfLXRGaDlEL0BFvZhG9GjGy719nFJeXwQfsHP_ aJvQ).

At the time of his purchase, those shares were worth 103,756.14. As of Wednesday afternoon, those same stocks were worth $1.87 million.

Other employees who purchased shares since the May 14 announcement include Director Philippe Katz and CFO David Bullwinkle.

Continenza has made a few other purchases of Kodak stock dating back to August of last year. In an appearance on Fox Business on Wednesday, Continenza said (https://email.mg2.substack.com/c/eJwlUMuOhCAQ_JrhpkEQdQ8c9rK_YVpoZ4i8wmNd_35xJiGpUP 2orlJQ8BnSJWPIhdSMaTVaspGKYRFEy1E3XIjJ654QHRgrS6pI Yt2sUVBM8PfAME0jeUmuGOiR7wNyLkY16a-Ji5nNs2h_sUzkVlmhaoNeocRfTFfwSKx8lRLzg38_2E9753n2e _jbajYec-5VcI11rfVqiJCLA98dQcPRxRckBwpraffY3OUS1NHZAJ4YySij dOZ0oJwJ1g99ChiZPl009jFS92R9rlsuoI5bhCSpIfmgPN7l5-33zTe7a0NXvSnXih42i_qTRPlE93ZWrojS45ktloLpQ7Z45mWZ JkGalA5tp28jsVpIxu-hHX-n-A93B4l2) he doesn't "speculate on the stock price."

The hydroxychloroquine connection

The deal with Kodak was brokered by White House trade advisor Peter Navarro.

In recent days, Navarro has openly feuded with Anthony Fauci, the nation's leading infectious disease expert.

Navarro wrote an op-ed (https://email.mg2.substack.com/c/eJwlUUmOxCAMfE1zSwRkow8c5jLfiAg4aTQEEEtH-f04iYRc2JbLRaFVgS2kU8aQC6kZ0myN5D0dmBiIkb1BFMTmeU0 Au7JOllSBxLo4q1WxwV8DbBx78pGMvukwLcJMYhFvJhYQTNFVc zP1dISJXFtmVY0Fr0HCF9IZPBAnP6XE_Op-XvwXz3Ecbc2qBKPOVocdS7mgSsQQrceleLu72cCCT8CUU04R6I SB9RiUL5_gz2ZVVdvmSMFvzWHLp9mhiVAgNV59VUqhAWOR3SqX m4cu4_jQd-8OZVOOCbHy4qdTRxnt-MBb1qYAkZtjj9a9erpvvM11yUXpv0sySdKo5IP2cLW3y7q7js7 NiHv1tpwzeLU4MI-p5fmF26RyRpAejuygoNaniE5PQozjQHCVCcjpcSRWp5L1a0j7_ SH_Ot6gRg) for USA Today with the title, "Anthony Fauci has been wrong about everything I have interacted with him on."

One of Navarro's chief complaints is that Fauci was insufficiently supportive of using hydroxychloroquine, an anti-malarial drug, to treat or prevent COVID-19. The deal with Kodak appears to be a way for Navarro to continue to push hydroxychloroquine.

As part of the deal, Kodak will reportedly (https://email.mg2.substack.com/c/eJwlkMuOwyAMRb-m7IgICUm6YDGb-Y2IgNMy5SUek8nfj9NKloxtXftytKrwiPmUKZZKWoG8WiP5yES _CGLkaDAvxJZ1zwBeWSdrbkBS25zVqtoYLkE_TSN5ykEvRosRx NbfZ2XYwPW4g2bDFYpt5LqyqmYsBA0SfiGfMQBx8llrKrfh68a _MY7j6I7y0-nosVK5Wu2g4PMVjXpRp4IpdJ4E9dY5tEAbLdRFFagNtFQU0LhT DwYtOlpaSu6k-qlwuts_2vfiLu4DGxkjVnLGGZsH1qNdwbu-yxESN4dP1t1G5h-8K23Drfp1GSJZGpVD1AGu8eNi8u4jkhWzb8HWc4WgNgfmQ6t-8L5_X88EMsBRHNQK-dNEhPOyTJMgeMpE3BlQkppT2YY9Zv8m_Q_Id5SA) manufacture chemicals that will allow more hydroxychloroquine to be produced domestically. :lol

Studies have shown, however, that hydroxychloroquine is not effective in treating or preventing COVID-19. A study (https://email.mg2.substack.com/c/eJwlUctuwyAQ_JpwwwLsUPfAoZf-hoVhHaNilvKI678vJBLaQYN2Z3YwusAD06Ui5kJqhrQ4q8TE7n y-E6sm23AmLi9bAji086qkCiTW1Tuji8PQG7iUE9nVNEo725EZwy fOt23kDKTk8nMSXKxyI11l0dU6CAYUPCFdGIB4tZcS8238uonv ds7zHHLRJcCZB4NHowQTrAGTvYyt7JdN-HeZ3WPC3-oCUIuQacBCY2qjQ6EGn85S_kld2MB0s-1GI2D0QM8d6a6fQFeAQOGveQNLc6n2ollfuWkQp7ou-xgZZ6O4i4EPCSEKex7R-dvEjocYcl2bWfPTnZKkrE4BTYD-_OiJvfgW2NLwqMGVa4GgVw_2nWV5h__KplwRVF_bQymQ3mQL-GOepbyTJmWxzQytJVavU1sM0_H6h3_ryJ9c) by the University of Minnesota, released June 3, found hydroxychloroquine "does not prevent Covid-19."

A rigorous study (https://email.mg2.substack.com/c/eJwlUctuhDAM_JrNLSiEhaWHHHrpb6CQGIga4jSPpfTra3alyJ bGmsx4bHSBFdOpIubCaoY0OavkXfTt2DOr7pb6yFyelgSwa-dVSRVYrLN3RheH4SK0w3Bnm-paLUEu4yAWs0gAA_3yYQc96tG0w0OzS2XS1ToIBhQ8IZ0YgHm1 lRLzrfu8yS96x3E0uegS4MiNwZ0gKaSgJoar9FS20yb8Pc3mMe FPdQH4pi0PyGcIsLjCF0x8wxxd0d79geUGn87y9oNHMg6hZE5-spv9yY3H7MLKLRKpIKckOC7cprqSFnPq0hePTrSik71s2iYhRG mPPTp_u4t9lU2uM5k235djlpTVKaAJcI3XK7kXTsFN1PcaXDkn CHr2YN-ZlvcRXhmVM4K61vdQCqQ3SEE_xnEYekZSFunPQJRYvU4u0Lb76 x7_Ipmjyg) by the UK government, released June 5, found hydroxychloroquine had "no benefit for hospitalized Covid-19 patients." On June 15, the FDA revoked (https://email.mg2.substack.com/c/eJwtUNGOhCAM_JrlDYOs67oPPNzL_YZBqEpWgSug8b7-qnsJSdMpnemM0RmmgIeKIWVWEmDvrJKNeNTdg1nVWKodc6kfEW DVblEZC7BYhsUZnV3w50Ldtg2b1aCF0OZuxAhj20Armlf7Gppa al133athp0qvi3XgDSjYAI_ggS1qzjmm2_3rJr_p7ftejVZXU9 io87AnTn99TtRFhJS49j4U4lj_URMweL05LImbsDnL6xcv0ZI9 TkwcYQtvIJoVcCLxg5NXrkueA7rfywc380IsP8V5mnjLnJJCCv G8i1rc5UNWdYUBorT7Gt1ya8Q6ySqVIWVt3pUJK0NlNfpgPJzj 6YzrwimtnupavMtHD14PC9hPkPmT_BVMPiKo0-0COQN-QEr32XVt-2AkZQNxelqJZdHo_BhwvY7_AwM4ohM) its emergency authorization for the drug, stating that its "unlikely to be effective in treating COVID-19."

The WHO dropped hydroxychloroquine (https://email.mg2.substack.com/c/eJwlUEtyhCAUPM2w0wJUNAsW2eQaFsJzpIJA-MR4-zxmqii6aOhuXmtV4BnSLWPIhdQMabVG8pFObJmIkaNBXIjN654 ATmWdLKkCiXVzVqtig28CJsRIDsmZEQuwgfJdb_MMQvB93gXH8 7bteictZVXVWPAaJPxCuoMH4uRRSsyP4fPBv3Bd19XnooqHK_c 6nEihB0WgAjc2tzdH6EwKMXfHjfh368OFFH6q9dDp8GtNxz467 azHf7quJKscyoiVzYrOA2V04BPvWZ8CRG6uM1r3GOn55H2uG-br7xZOkjQq-aA9tOtnK-HFYwcr4lm9LfcKXm0OzLue8u7zNW65I8g2iYNSIL1J7GxeFiEm glEmoKdHSaxOJev3kM5Xtf_HtY8v) from a large clinical trial on June 17, "after available data indicated the drug was not effective for Covid-19." (Navarro has keyed in on one outlier study that experts say was deeply flawed (https://email.mg2.substack.com/c/eJwlkE1uxCAMhU8z7IgI-Zl0waKbXiMi2JmgJoDAaZTb18xIwBO2bD9_zhK-Yr5NioXEWTDPHozu1dBOgwDTA-skfJnXjHhYvxvKJ4p0Lrt3lnwMtaAdx15sLGu7KNcr_Rwm7RAG sMs6LO0I64rQiTpltid4DA4N_mG-Y0Cxm40olUf3_dA_fK7ragpZCniVxsWDQ1ppxaKe9Zn4sXLd7Y UgXfzzINsvWeiEW76QiqQN5bV5QrlFXqpIS4ShupU2wDu9gpWH vWXiW_8pe4fcV3hTZ6lnp1rV6UE3bZMjJg3Xkfz-6NXx0k05Fzbofqs7kQ3YHKILWNOvSukdZ0gz63EGT_eMwS47wo cffYC_edCd0NRVd2SX-RNkqM9pGsdB8CiI3DNwSTp3m31YYz7e7P8B4ZeayQ).)

But, despite the evidence, Trump and his advisers remain keenly interested in the drug.

On Tuesday, Trump praised (https://email.mg2.substack.com/c/eJwlUctuxCAM_JrlloiQZw8ceulvRAS8CSrgFEzT_H1hV0IYPJ 4xHrQi2DHe8sRELCeIqzVSDHzslpEZOZgSF2bT-owAXlknKWZgZ96c1Yoshkropmlgh1SleJ6m5wjDNg5TJ4TaYFh 60X-MvJs7VrusKhsLQYOEX4g3BmBOHkRnevSfD_FV1nVd7aXSYcNOG Cqp1egLQKCPgA73u1wEF7wEPtfzUrZE4JxqrPcqZHDNcZuIf7c-HEb8yTZA82sNYFNG8GejPMQyQ2qeEQO5ChvUhDEVLWZl1edzzz vei1G0XRsRTmEuf1r3GLjfRZvylkjp7_o8FqVRMaAOUOG9mvXK F6_WEn0Olu4VgtocmLeN9Pb9ZQvdJ8gAV3JABPGdLN7OyzJNIy utDBbNUChndira8MToX1_wD5E3nmQ) Dr. Stella Immanuel, :lol

who claimed in a viral video that hydroxychloroquine is a “cure" for COVID-19. Trump said Immanuel was "spectacular" in the video, adding that he believed hydroxychloroquine "works in the early stages" of the virus.

Immanuel, however, is known for holding a number of views that are not supported by scientific literature, including that "the uterine disorder endometriosis is caused by sex with demons that takes place in dreams."










-- from Popular Information email

===============

So the Kodak story is all about Trash, Navarro, etc STILL pushing the discredited HCQ :lol

[DMC]

Communism good now

NOSTROVIA

As long as someone made a profit, their virtue can be set aside for a moment.

[hater]

As long as someone made a profit, their virtue can be set aside for a moment.

Spoken like a true Stalinist :tu

[DMC]

Yeah totally dead.. lol

[velik_m]

How did that cryptocurrency ploy work out for Kodak?

[spurraider21]

Communism good now

NOSTROVIA
government intervention isn't communism (or socialism). it would be socialist if the company became publicly owned (or worker owned)

there was another country i'm thinking of where the government used wartime power to intervene in private companies and gave them perks/privileges as long as they shaped their goals to be in line with what the government wants/needs

[hater]

government intervention isn't communism (or socialism). it would be socialist if the company became publicly owned (or worker owned)

there was another country i'm thinking of where the government used wartime power to intervene in private companies and gave them perks/privileges as long as they shaped their goals to be in line with what the government wants/needs

When younget past the "war powers" fancy nancy lingo , you see that its communism at its core:

In communism, means of production are owned communally.

Kodak did not have a choice did they?

[spurraider21]

When younget past the "war powers" fancy nancy lingo , you see that its communism at its core:

In communism, means of production are owned communally.

Kodak did not have a choice did they?
there is no communal ownership of kodak :lol

who gets the profits? the state? the people? the employees of kodak? no

[Blake]

"...Part of the enthusiasm may stem from the fact that Kodak reportedly aims to make drug ingredients used in the fight against Covid-19, including hydroxychloroquine, a medicine that President Donald Trump continues to tout as a possible treatment even though it has repeatedly failed to show a benefit in clinical trials. ..."

https://www.bloomberg.com/opinion/articles/2020-07-29/kodak-stock-surges-on-hydroxychloroquine-trump-loan-robinhood

Oh

[hater]

there is no communal ownership of kodak :lol

who gets the profits? the state? the people? the employees of kodak? no

Did kodak have a choice. Yes or no

Its like.a cop commandering your car.

Thats communism too :lol

At that point your ownership of your car and rights to it meant jackshit :lol

[hater]

Communism good now :lol

[spurraider21]

Did kodak have a choice. Yes or no
not that i'm aware of. it was government intervention.


Its like.a cop commandering your car.
to an extent but not exactly, because i'm not losing possession of my car.


Thats communism too :lol
its not "communism" let alone socialism if the private company remains private in its ability to reap profits

socialism isn't defined as "when government does stuff"


At that point your ownership of your car and rights to it meant jackshit :lol
but thats not what happened here


Communism good now :lol
none of this is communism :lol

[hater]

not that i'm aware of. it was government intervention

Yup

Communism

Theres an old cuban saying: "aunque la mona se vista de seda mona se queda"

"You can dress the monkey with silk but its still a monkey"

[spurraider21]

Yup

Communism

Theres an old cuban saying: "aunque la mona se vista de seda mona se queda"

"You can dress the monkey with silk but its still a monkey"
you're just showing that you dont know what communism means (or socialism)

socialism doesnt just mean government intervention.

[hater]

you're just showing that you dont know what communism means (or socialism)

socialism doesnt just mean government intervention.

I never uttered the word socialism :lol

[spurraider21]

I never uttered the word socialism :lol
i know. communism is not even within the realm of what we are talking about, so i was being charitable and trying to let you pivot to socialism (colloquially, they are sometimes used interchangeably). communism is when everything in a society is collectively owned and there is no social class, no money, and no state. its a completely utopian idea that we haven't even remotely approached.

socialism is when there is social ownership of the means of production.

socialism is supposed to be the intermediary step between capitalism and communism. thats why your claim that the government giving/loaning kodak money to start manufacturing drugs (while kodak maintains private ownership and profit sharing) is "communist" was never even realistic, and as i pointed out, it doesnt even approach the lesser extreme socialism.

for somebody who talks a lot of shit about america and its education system, you maybe should read up a bit on what these things mean :lol

[hater]

i know. communism is not even within the realm of what we are talking about, so i was being charitable and trying to let you pivot to socialism (colloquially, they are sometimes used interchangeably). communism is when everything in a society is collectively owned and there is no social class, no money, and no state. its a completely utopian idea that we haven't even remotely approached.

socialism is when there is social ownership of the means of production.

socialism is supposed to be the intermediary step between capitalism and communism. thats why your claim that the government giving/loaning kodak money to start manufacturing drugs (while kodak maintains private ownership and profit sharing) is "communist" was never even realistic, and as i pointed out, it doesnt even approach the lesser extreme socialism.

for somebody who talks a lot of shit about america and its education system, you maybe should read up a bit on what these things mean :lol

Except i never said that.

Did kodak have a choice yes or no.

Thats where communism comes in.

[hater]

Let me put it this way. Is china communist yes or no?

[Spurtacular]

Nbadan Good call on Qualcomm. I didn't have the available funds at this time to go for it (though I would have if I knew it was such a sure thing). But you called it. Think they were up about 8.5 percent on the day when I looked.

[Warlord23]

Kodak is a classic case of pump-and-dump. It had an average trading volume of around 100k per day ... the day before the announcement the volume jumped to 1.6M and the price quadrupled.

You can bet that people in the Trump admin, Congress, and Mar-a-lago would have made a killing buying this dog before the news came out. And now they'll all be selling, leaving retail investors holding the bag.

[spurraider21]

Except i never said that.
you straight up called it communist :lol


Did kodak have a choice yes or no.
i've read up on in a bit more, and it seems they did. wall street journal who broke the story said kodak "won" the loan. they still have to pass due diligence screening to actually receive the loan, etc.

but even if it was completely involuntary, that wouldn't be "communism" because kodak doesnt become socially owned. they are still privately run and profits are shared privately.


Thats where communism comes in.
no. communism has nothing to do with this, at all. communism implies that there is no state. it's literally impossible for it to be a communist move if the state is partnering with a privately owned business.


Let me put it this way. Is china communist yes or no?
not by any stretch. it's authoritarian though.

[hater]

you straight up called it communist :lol


i've read up on in a bit more, and it seems they did. wall street journal who broke the story said kodak "won" the loan. they still have to pass due diligence screening to actually receive the loan, etc.

but even if it was completely involuntary, that wouldn't be "communism" because kodak doesnt become socially owned. they are still privately run and profits are shared privately.


no. communism has nothing to do with this, at all. communism implies that there is no state. it's literally impossible for it to be a communist move if the state is partnering with a privately owned business.


not by any stretch. it's authoritarian though.

Disagree

China is communist

Communism good now

[spurraider21]

Disagree

China is communist

Communism good now
they aren't communist by any definition of the word.

they aren't stateless. in fact, they have an authoritarian state.

they aren't a moneyless society

and the means of production are not socially owned. post-mao they went back to privatizing to stimulate the economy. right now something like 80% of their GDP is from private enterprise.

china is nominally communist in the sense that their one political party is the communist party, but thats not how they govern any more than North Korea's only party being the "Workers Party of Korea" or their official state designation being the democrat people's republic of korea

[hater]

they aren't communist by any definition of the word.

they aren't stateless. in fact, they have an authoritarian state.

they aren't a moneyless society

and the means of production are not socially owned. post-mao they went back to privatizing to stimulate the economy. right now something like 80% of their GDP is from private enterprise.

china is nominally communist in the sense that their one political party is the communist party, but thats not how they govern anymore than North Korea's only part being the "Workers Party of Korea" or their official state designation being the democrat people's republic of korea

Disagree

In the end their government giveth and taketh all away

Same thing in this thread scenario

Its ok to disagree :tu

Communism good now

[spurraider21]

Disagree

In the end their government giveth and taketh all away

Same thing in this thread scenario

Its ok to disagree :tu

Communism good now
you are describing authoritarianism not communism

i'm trying to spoonfeed you but you are refusing :lol

https://media1.tenor.com/images/952cae5332ee9e78c1c10327dbc542f8/tenor.gif?itemid=10889040

[spurraider21]

just read the bottom 2 paragraphs, amigo :lol

https://i.gyazo.com/6851980d0edea3c61a504541620ff782.png

[Nbadan]

Qualcomm is up 14.70% (so far) on the day. I bought about $6k worth and the rest ($2k) I put in IBIO.....both are up significantly.

[Nbadan]

short sellers and profit takers hurt my IBIO profits for the day, but I will likely hold on to the stock over the weekend and see if it goes back over $5.00. Sad that I missed the run on UPS but you can't hit them all. Counting up my profits and looking at the charts and earning statements for tomorrow....

[hater]

you are describing authoritarianism not communism

i'm trying to spoonfeed you but you are refusing :lol

https://media1.tenor.com/images/952cae5332ee9e78c1c10327dbc542f8/tenor.gif?itemid=10889040

Disagree. Communism.

:lmao Kodaks stock is up 1,700% from last friday close :lmao all to government intervention :lol

Communism good now, komrade

[spurraider21]

Disagree. Communism.

:lmao Kodaks stock is up 1,700% from last friday close :lmao all to government intervention :lol

Communism good now, komrade
i mean yeah if you want to ignore what communism means and invent your own definition of it which completely contradicts the academic term, yeah go ahead

[hater]

i mean yeah if you want to ignore what communism means and invent your own definition of it which completely contradicts the academic term, yeah go ahead

Agree to disagree.

In my book q government that calls itself a democracy and free market capitalist. The most in the world btw

That government then proceeds to hand billions upon billions to a failing company under the guise of "war powers" then proceeding to increase that companys value by 1,700% in a day.

Thats communism because in communism, the state has final say of the fates of companies. Its the opposite of free market.

Again. Agree to disagree :tu

Communism good now

[Winehole23]

they aren't communist by any definition of the word.

they aren't stateless. in fact, they have an authoritarian state.

they aren't a moneyless society

and the means of production are not socially owned. post-mao they went back to privatizing to stimulate the economy. right now something like 80% of their GDP is from private enterprise.

china is nominally communist in the sense that their one political party is the communist party, but thats not how they govern any more than North Korea's only party being the "Workers Party of Korea" or their official state designation being the democrat people's republic of koreaDefinitional quibbles about what communism really is aside, the massive, multisector Federal Reserve and federal support for businesses and equities is a PRC-style policy. The US has never propped up businesses and Wall Street like this before.

[spurraider21]

Agree to disagree.

In my book q government that calls itself a democracy and free market capitalist. The most in the world btw

That government then proceeds to hand billions upon billions to a failing company under the guise of "war powers" then proceeding to increase that companys value by 1,700% in a day.

Thats communism because in communism, the state has final say of the fates of companies. Its the opposite of free market.

Again. Agree to disagree :tu

Communism good now
there is no "state" if there is communism :lol

but you can keep going with your pretend definition. did you read the post above describing economic fascism? sounds like what you are describing tbqh

[hater]

there is no "state" if there is communism :lol

but you can keep going with your pretend definition. did you read the post above describing economic fascism? sounds like what you are describing tbqh

Yes there is.

See china, vietnam

Agree to disagree :tu

[spurraider21]

Yes there is.

See china, vietnam

Agree to disagree :tu
did you read the short segment on economic fascism? sounds like what you are describing tbqh

[hater]

did you read the short segment on economic fascism? sounds like what you are describing tbqh

Thats your opinion. Agree to disagree :tu

I already explained why I call it communism. Not sure why you cannot accept a differing opinion. I accept yours

Communism good now

[spurraider21]

Thats your opinion. Agree to disagree :tu

I already explained why I call it communism. Not sure why you cannot accept a differing opinion. I accept yours

Communism good now
fasho. you call it communism because you have your own personal made up definition for communism :tu

[hater]

fasho. you call it communism because you have your own personal made up definition from communism :tu

Thats your opinion. I respect it.

Agree to disagree :tu

[spurraider21]

Thats your opinion. I respect it.

Agree to disagree :tu
what are we disagreeing on anymore?

i agree that you define communism as what is typically considered economic fascism, and therefore you are considering this kodak deal to be one of communism

agree to agree :tu

[hater]

I never said this move by US marks ALL the checkmarks of definition of communist. It checks a few as I described.

Hell we dontbev3n as a country mark all the checkmarks of a democracy and we call ourselves one.

[spurraider21]

I never said this move by US marks ALL the checkmarks of definition of communist. It checks a few as I described.

Hell we dontbev3n as a country mark all the checkmarks of a democracy and we call ourselves one.
:tu yup, it fits your personal definition of communism

we agree

[hater]

what are we disagreeing on anymore?

i agree that you define communism as what is typically considered economic fascism, and therefore you are considering this kodak deal to be one of communism

agree to agree :tu

You live in theory. I live in the real world. No country ever has been a true communism or a capitalist or even a democracy.

Agree to disagree :tu

[spurraider21]

You live in theory. I live in the real world. No country ever has been a true communism or a capitalist or even a democracy.

Agree to disagree :tu
there's no disagreement

your personal definition of communism is when the state tells a private business what to do, and that's what's happening here, which is why you call it communist

agreed :tu

[hater]

there's no disagreement

your personal definition of communism is when the state tells a private business what to do, and that's what's happening here, which is why you call it communist

agreed :tu

No. I never said private business. Thats your condition.

I said in the end the state tells you what to do and how to do it. Thats what happened here.

[spurraider21]

No. I never said private business. Thats your condition.

I said in the end the state tells you what to do and how to do it. Thats what happened here.
ok, your personal definition of communism is when the state tells you what to do and how to do it. and it's on that basis you are describing the kodak deal as communist

agreed :tu

[Winehole23]

Definitional quibbles about what communism really is aside, the massive, multisector Federal Reserve and federal support for businesses and equities is a PRC-style policy. The US has never propped up businesses and Wall Street like this before.So then, stipulating US resemblance to the state capitalism of the PRC rather than its communism, the comparison to China is colorable imo.

[spurraider21]

So then, stipulating US resemblance to the state capitalism of the PRC rather than its communism, the comparison to China is colorable imo.
sounds about right

[DMC]

ok, your personal definition of communism is when the state tells you what to do and how to do it. and it's on that basis you are describing the kodak deal as communist

agreed :tu

called it

[Nbadan]

Taking $11,160 I made the last 2 days and buying 1 bitcoin....keeping it through the weekend...

[Nbadan]

Taking $11,160 I made the last 2 days and buying 1 bitcoin....keeping it through the weekend...

Lol at bitcoin cracking 12K (+840)

[Nbadan]

I think it is headed for $16000 before it begins a serious sell-off, so there is still time to join the party

[DarrinS]

Taking $11,160 I made the last 2 days and buying 1 bitcoin....keeping it through the weekend...


Lol at bitcoin cracking 12K (+840)


You're such a savvy investor.

[Nbadan]

You're such a savvy investor.

I avg $1k per week but this week could be +$12,000.....so make fun all you want idk

[DarrinS]

I avg $1k per week but this week could be +$12,000.....so make fun all you want idk

I'm sure

[clambake]

I avg $1k per week but this week could be +$12,000.....so make fun all you want idk

Darrin is chained to a 401k

Imagine that

[ChumpDumper]

Oh shit, Darrin's getting big timed over money.

[DarrinS]

Darrin is chained to a 401k

Imagine that

You should follow investment advice of a 9/11 twoofer.

:lmao

[SnakeBoy]

I avg $1k per week but this week could be +$12,000.....so make fun all you want idk

Congrats

[DarrinS]

I avg $1k per week but this week could be +$12,000.....so make fun all you want idk

My shitty 401k is over 1M now. Sucks to be me

[ChumpDumper]

My shitty 401k is over 1M now. Sucks to be meWho do you think needed to know that, Darrin?

[clambake]

Chained to it

[DarrinS]

Who do you think needed to know that, Darrin?

Doesn't matter. I've been maxing my contribution for over 30 years.

[ChumpDumper]

Doesn't matter. So why did you feel the need to post it?

[DarrinS]

Doesn't matter. I've been maxing my contribution for over 30 years.

And, I have 10-15 years to go.

[DarrinS]

And, my house will be paid off in 2-3 years. Previous house was paid off.

[ChumpDumper]

And, I have 10-15 years to go.


And, my house will be paid off in 2-3 years. Previous house was paid off.


So why did you feel the need to post it?

[DarrinS]

^sorry bro. :lmao

[ChumpDumper]

Are you apologizing for your inability to answer a simple question?

It's just odd that you feel compelled to establish your monetary status on an anonymous message board.

Odd and hilarious.

[DarrinS]

Are you apologizing for your inability to answer a simple question?

It's just odd that you feel compelled to establish your monetary status on an anonymous message board.

Odd and hilarious.


Sorry bro

[Nbadan]

Haters are always gonna hate. Laugh your way to the bank....some weekend advice....I just bought $2k of XRP because I was bored. Bitcoin is growing at 5% per day, which is nice, but XRP is growing at 23.74% per day and has a lot more possible upside

[clambake]

Haters are always gonna hate. Laugh your way to the bank....some weekend advice....I just bought $2k of XRP because I was bored. Bitcoin is growing at 5% per day, which is nice, but XRP is growing at 23.74% per day and has a lot more possible upside
Yeah...but you’re not chained to it

[DarrinS]

Haters are always gonna hate. Laugh your way to the bank....some weekend advice....I just bought $2k of XRP because I was bored. Bitcoin is growing at 5% per day, which is nice, but XRP is growing at 23.74% per day and has a lot more possible upside

Congrats. Good luck

[ChumpDumper]

Haters are always gonna hate.Yeah, I don't get why Darrin is hating your outperforming him right now.

Keep it up.:tu

[DarrinS]

Yeah, I don't get why Darrin is hating your outperforming him right now.

Keep it up.:tu


Key words. I'm playing the long game

[ChumpDumper]

Key words. I'm playing the long gameWho's to say he's not doing that as well?

Why the hate?

[DarrinS]

There's zero ROI on spending your life on ST. -Sorry chump

[ChumpDumper]

There's zero ROI on spending your life on ST. -Sorry chumpWell, you're getting something out of lashing out at me. You do it often enough.

What is it?

[Nbadan]

Great thing about me is that anyone can check what I am posting is true. Just go to Coinbase or Robinhood/Webull and check the gains

[Nbadan]

Someone took huge crypto profits causing the market to drop (-1000) but do not sell...it will be right back up there in a couple of hours

[Nbadan]

True to my word I have let my bitcoin go for at least 36 hours now. At one point I was up almost (+1000) now I'm up ($10).....this is why I stopped dealing with crypto-currencies. A huge whale sold a lot of bitcoin last night causing the market to drop amost (-900). You can't do that in the equity market because there is too much volume and stock. WARNING KIDS: If your gonna be a player in the Crypto market then plan on letting the money sit there for years. I have had $2k in Etherium for almost 1.5 years and it has made gains better than if the money had sat in a IRA/Mutual fund, but crypto is a long-term game

[Winehole23]

1291119660096684032

Justice Dems at Reason fume: https://reason.com/2020/08/05/the-trump-administrations-765-million-kodak-deal-is-more-proof-that-economic-nationalism-is-a-scam/

[Nbadan]

Made a $2500 buy of Trevena (TRVN) today at 2.31 to hold over the weekend :smokin Feed me profits Robinhood kids :eyebrows

[clambake]

Oh dear