Even though we hold two February 5 calls that will produce a theoretical profit of $154 no matter what the stock does, it’s still hard not to be dismayed by recent news developments that have caused the stock to plummet.  Kodak has lost a round in a patent infringement suit against Apple and Research In Motion.  More depressing than that, however, is that news stories reporting the ITC’s patent decision have noted incidentally that Kodak has been living off lawsuits and royalties while apparently producing little of value.  How the mighty have fallen!  From a technical standpoint, the stock stood to bounce from a Hidden Pivot at 4.74 (5-minute, A=5.85, B=5.08 and C=5.51) — as indeed it has Monday night, and rather precisely. This was a decent spot to try bottom-fishing on the first pass, but if the support now gives way, that would leave only vague support near 4.61, where the stock banged out some key lows in early December.  One more note: EK’s lawyers think they will prevail in the end. In similar lawsuits already settled, Kodak did indeed win nine-figure settlements.