$KODK Implodes as Cronyism Chickens Come Home to Roost

KODK was sitting on a powderkeg of risk, as we noted in our last piece. We said the stock would give a minor bounce at $14, but could plunge from there on legal risk given the obvious problems in how the original move was orchestrated, including likely criminal insider trading issues.

This one will be a mess of headlines going forward. Technicals will likely cease having any significant meaning.