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SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 5 August 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

Happy Wednesday morning, traders. This morning, your hosts Bryce Tuohey and Matthew Monaco talk about the hottest stocks and their news as the trading week continues on. From insider trading, to hot OTC runners, Bryce and Matt prepare you for everything you need to be watching for this Wednesday morning.

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning, guys. My name is Bryce Tooey, and I'm joined by my host, co-host Matthew Monaco,

0:05.4

and this is your Wednesday edition of Steady Trade Treats, where we talk about the penny stock

0:10.4

market and the hottest movers of the week. So Matt, do you want to tell our listeners what

0:14.5

we were talking about this episode? Sure. Yeah. So we have a pretty solid outline here,

0:20.1

but we're going to recap Kodak. Kodak we talked about on the first episode. We released that Monday. Definitely check it out. Ideally, these episodes, you know, you watch one as soon as possible when they're released because the news is very relevant. But we drop a lot of golden nuggets. So it's really good to just recap them.

0:38.0

And then you can look at the charts and see how these stocks have played out. So we're going to

0:42.4

bring up Kodak. We hinted a little bit about insider trading. There were some rumors on that one.

0:47.3

And then we're going to jump into JMI and OPTI. Those were two runners from this Wednesday, August 4th, so we're going to dive a little deep into those.

0:57.4

And just remember, this is not investment advice. This is solely for informational purposes.

1:02.2

This is just what we're seeing. Don't take any of this as investment advice. So, man, if you're ready to go, let's dig into Kodak. Like we said, this is one of the hottest movers for the past few weeks.

1:12.5

I mean, again, like we said, this thing moved from $2 a share, give or take to about 60.

1:18.3

Since then, it's faded off.

1:20.1

On the day we recorded this on Tuesday, August 4th, it's trading between $17 and $12 a share.

1:26.5

So again, to recap what we talked about last month or this Monday,

1:30.8

Kodak received news of a nearly $800 million government loan to help produce drugs

1:35.7

and chemicals to combat COVID.

1:38.8

However, today there was news that was put out that Senator Warren wants to ask the SEC to examine

1:45.4

possible insider trading and disclose violations involving Eastman Kodak company.

1:50.7

This does not mean that anyone in Kodak has officially been convicted of insider trading,

1:55.7

but the news is relatively worrisome to long-term shareholders.

1:59.8

So after receiving this news pre-market,

2:02.8

the stock fell from roughly $15,

...

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