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Kodak Stock Down to $5.45

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Here's an even better one
https://www.investopedia.com/terms/m/makeamarket.asp

Do you think Fidelity has to have a "market maker" for Kodak?
There is one market maker for Kodak, or any other stock. Fidelity is not a market maker.

Sure the broker has to be able to cover all their positions. "Making a market" has more to do with OTC trades and oddball financial instruments than the NYSE.
You are incorrect. The NYSE has many market makers covering every stock listed on the exchange. Without market makers then every stock has to have a seller for each buyer. That reduces market liquidity. Instead, the market makers are ready to buy stocks (and sell) when there are no buyers (and no sellers; they maintain an inventory of whom they market make for). This way you always get an instant trade when ever you buy and sell. It's been this way for 100 years or more.
THIS HAS GONE WAY OFF TOPIC.

Welcome to APUG, where more topics go off topic than anywhere else on the internet.
My original intent when I started this was to express my surprise at the market performance of Eastman Kodak. I'm wasn't trying to kickoff the countdown to doomsday.
Well, the market performance of Eastman Kodak almost forces a doomsday discussion. Very few stocks drop 80% in a year and survive.
 
Without market makers then every stock has to have a seller for each buyer. That reduces market liquidity. Instead, the market makers are ready to buy stocks (and sell) when there are no buyers (and no sellers; they maintain an inventory of whom they market make for). This way you always get an instant trade when ever you buy and sell. It's been this way for 100 years or more.

they allow for "small lots" where a transaction is for say 39 shares. BUT they will only transact at or near the market price. for example of the stock is trading at 5 bucks, they might buy some at 4.99 but not at 5.02
 
Just as an aside, I believe NYSE rules require the specialist to act as the buyer or seller of last resort. In other words, if no one else is offering to buy or sell a certain listing (referring only to the listing for which the specialist specializes in), and a buy or sell sell order at the market price comes in, then the specialist must make the trade from his own account. However, he does not have to offer good prices for his transactions, and the spread can be quite large if only the specialist is offering to buy or sell.

Actually, the mechanics of how the market works are fascinating to study. The options markets are even more fascinating to study, not to mention more risky as well of you want to play that game.
 
Commenting further,

There are four kinds of orders an investor can place. One is to buy at the market price (one type of market order). One is to sell at the market price (another type of market order). One is to buy at a price that the buyer specifies (one type of limit order). One is to sell at a price that the seller specifies (another type of limit order).

When a market order comes in to buy the specialist must match the order up to the lowest price being offered for sale by the limit orders in the book at that moment. When a market order to sell comes in the specialist must match the order up with the highest price that anyone is offering to buy at the moment.

These types of orders are what determine the pricing in the market, and a small gap generally exists between the limit orders to buy and sell. Therefore, at any given moment in time there are actually two prices in the market, one for buyers who want to buy at whatever price is available at the moment and one for sellers who want to sell at whatever price they can get at the moment.

As an investor you are free to place any of the four kinds of orders you wish. If you place a market order to buy or sell you can virtually always have that order filled, but you can't control the price. If you wish to place a limit order to buy or sell you can set your price, but you have no guarantee that your order will be filled because someone else might be offering more favorable pricing than you.

There's more to it than that, but this may whet your appetite to learn more about it. As I said before, it is a fascinating topic.
 
Commenting further,

There are four kinds of orders an investor can place. One is to buy at the market price (one type of market order). One is to sell at the market price (another type of market order). One is to buy at a price that the buyer specifies (one type of limit order). One is to sell at a price that the seller specifies (another type of limit order).

When a market order comes in to buy the specialist must match the order up to the lowest price being offered for sale by the limit orders in the book at that moment. When a market order to sell comes in the specialist must match the order up with the highest price that anyone is offering to buy at the moment.

These types of orders are what determine the pricing in the market, and a small gap generally exists between the limit orders to buy and sell. Therefore, at any given moment in time there are actually two prices in the market, one for buyers who want to buy at whatever price is available at the moment and one for sellers who want to sell at whatever price they can get at the moment.

As an investor you are free to place any of the four kinds of orders you wish. If you place a market order to buy or sell you can virtually always have that order filled, but you can't control the price. If you wish to place a limit order to buy or sell you can set your price, but you have no guarantee that your order will be filled because someone else might be offering more favorable pricing than you.

There's more to it than that, but this may whet your appetite to learn more about it. As I said before, it is a fascinating topic.

Nice explanation nothing to say against.
But to add. : No where else (as in the stock business) stupitness is more punished.
Thats not to us alanrockwood - am I right or am I right?....:cool::D....
Beware of - so if you are sure you are the master of the universe - exact to the moment you might have enough competence - your real master is knocking at your door - in form of massive losses.
Believe me...:outlaw: !

with regards

PS : Course should be manipulated due to small market and massive speculations - there are no existential problems Kodak have more today than one year ago.
But if you understand the stock business from "dealing with illusions" there might be a change from perspective. But this can also change into opossite direction.
The question then should be : Is there a future on Kodak?
So I delivered just the evidence of small a market situation?
No longterm investor (except those who are still long term invested from different reasons and can't change or won't) will calculate such risc.
Except : speculators to a volative market situation.
And I will guarantee you - the Kodak courses we will see / won't end from coming up and down in a massive way.
 
Nice explanation nothing to say against.
But to add. : No where else (as in the stock business) stupitness is more punished.
Thats not to us alanrockwood - am I right or am I right?....:cool::D....
Beware of - so if you are sure you are the master of the universe - exact to the moment you might have enough competence - your real master is knocking at your door - in form of massive losses.
Believe me...:outlaw: !

with regards

PS : Course should be manipulated due to small market and massive speculations - there are no existential problems Kodak have more today than one year ago.
But if you understand the stock business from "dealing with illusions" there might be a change from perspective. But this can also change into opossite direction.
The question then should be : Is there a future on Kodak?
So I delivered just the evidence of small a market situation?
No longterm investor (except those who are still long term invested from different reasons and can't change or won't) will calculate such risc.
Except : speculators to a volative market situation.
And I will guarantee you - the Kodak courses we will see / won't end from coming up and down in a massive way.
I have a feeling that if I could understand even 1% of what you have said I could be the "Wolf of Wall Street"

pentaxuser
 
Kodak stock is still going down.

I have considered offering an autographed, authentic Patent Office copy of the patent for sale. :D

PE
 
Yeah, sort of like what Jeff Bezos did with the Washington Post. Newspapers all across the country are in serious financial trouble. Bezos put a floor under the Post and now they are doing OK. Some rich guy who loves film needs to buy *just* the film part of Kodak, let the rest die, and keep film going.
no rich guy is dumb enough to mix love and money!
 
I have a feeling that if I could understand even 1% of what you have said I could be the "Wolf of Wall Street"
It works a bit like an auction, you can either buy and sell at the curent price - or say I will buy for not more than, or sell for not less than....
If you want the market price, and their is no one willing to buy or sell then the market maker is suposed to step in at the market price.

This is most likly to happen if you want other than 100 shares of something, as most stocks trade in lots of 100. if you want to buy 50shares, the market maker will sell them to you, and replenish there supply the next time 100 shares trade.
 
Head for the hills the Kodachrome threads are coming!




I knew this would get you going :laugh:. It really would have to be Kodachrome, not Kodachrome II, OR 64. ASA 8 or 10. The perfect organization for developing would be Oak Ridge National Labs. They could probably keep the processor going.
 
I have at least 20 1/2 gallon Kodak hard rubber tanks. Only one has been modified. The rest are, well, stock.
 
the Kodachrome patent? or one for Kodak stock Tanks.?

Well, I had something to do with the former, but not with the latter. A local wit told me that the stock started to drop when I retired. Again, something I was not involved in.

Just the Kodachrome yellow developer.

PE
 
A bad day for Kodak stock. While the rest of the market is surging to historic highs, KODK at this moment is falling hard, right to the $3/share level. The record low for the trailing year is $2.98 so we may test this level in the next hour or so. I am looking for news that may explain this sudden drop. KODK opened at $3.20 so a 20 cent drop in just an hour or so is a very sharp decline.
 
A bad day for Kodak stock. While the rest of the market is surging to historic highs, KODK at this moment is falling hard, right to the $3/share level. The record low for the trailing year is $2.98 so we may test this level in the next hour or so. I am looking for news that may explain this sudden drop. KODK opened at $3.20 so a 20 cent drop in just an hour or so is a very sharp decline.
When to they have their next quarterly report or news conference or shareholder phone call?
 
Somebody with a camera shop in NYC needs to sell off their hydroquinone and use the proceeds to buy chlorpromazine
 
Somebody with a camera shop in NYC needs to sell off their hydroquinone and use the proceeds to buy chlorpromazine

ECSTASY-OL . If there's someone willing to trade hydroquinone for Thorazine please PM me. I think I'm going to need to sedate my wife if I try to drag home anymore darkroom stuff.
 
Kodak just jumped from $3.10 to $4.55. Anyone know if there was an announcement?
 
WOW! Kodak +38% in stock trading today!! Something about Kodak joining the crypto currency madness. Reading up on it now.....
 
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