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Crazy theory, but their stock very steadily this year and a lot of retail investors probably had short positions that they've been holding as a result. Lets sa
by pdelbarba 9y ago
Crazy theory, but their stock very steadily this year and a lot of retail investors probably had short positions that they've been holding as a result. Lets say they threw this whole thing together betting that it would cause a bump in value. I'd bet the stair step on the price chart was a cascade of margin calls against all the short sellers because all the brokerages were forced to buy the stock to cover, further raising the price.
- faramarz 9y agohmm it would be an insane reputation risk for the private equity firm behind Kodak, but still very plausible.