What happened was more insider selling. Yahoo Finance shows that there's been another 26,000 shares sold this past week by another insider. I tried warning people here that the heavy insider selling was killing share price, but every post I wrote regarding the insider selling got taken down. I would suggest that people here take notice of the 160,000+insider shares that have been sold the past 6 weeks, and that people understand that this is why the stock is at$20 instead of $25. Insider selling attracts short players and the combo of insider selling and short players bring a stock down and also discourage fund managers and other investors from buying the stock. The insiders of this company are greatly holding back share price.
On the positive side.... a huge amount of shares were dumped at the end of the day and the price only fell $1.20. Glass 1/2 full:)
The insider selling of this stock continues to kill share price. According to Yahoo Finance insider transactions, in the past 6 weeks alone, this lightly traded stock has seen 161,205 insider shares sold.
I tried posting about the heavy insider selling, but Yahoo took my posts down???
Why would Yahoo prevent users from warning others about heavy insider selling???
The stock has a nice dividend and has done okay, but the insider selling has killed the stock's potential. And now this past week another insider sells another 25,000 shares. The excellent news of the past 2 months and the addition to the Russell 2000 should have brought the stock to $25+, but instead the insiders caused another 10% haircut and brought the stock back down to $20 range.
Russell rebalance. They needed the shares so they dropped the price. What a scam. The market is rigged.
Why didn't that raise the price by $1.20?
You liked it better when you could post anything you want and never be called upon anything. Unfortunately for you, this is a stock message board that's open to all member of Yahoo and some members and holders of this stock might actually like to see more than just positives and hype. The 120,000 insider shares sold the past 6 weeks is why CLCT isn't above $25 and if the insiders continue to sell every time the stock has a 10% rise, then the share price will continue to be hurt.
Analysts often shy away from covering lightly traded stocks that get hit with heavy insider trading that follow every bit of good news. The 120,000 insider selling shares that were sold the past 6 weeks is what caused the recent 10% sell off. The stock should have risen to $25, but instead dropped back down to $20 due to the insider selling. CLCT remains a nice hold with it's growth and 6.5% dividend, but the heavy insider selling greatly limits it's share price and discourages a lot of investors
Collectors Universe to be Added to Russell 2000 Index
GlobeNewswire Collectors Universe, Inc.
3 minutes ago
NEWPORT BEACH, Calif., June 26, 2014 (GLOBE NEWSWIRE) -- Collectors Universe, Inc. (CLCT), a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles, today announced that, according to the preliminary list of additions published by Russell Investments, the Company will be added to the Russell 2000(R) Index, when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 27, 2014. Collectors Universe will also be added to the Russell 3000(R) and Russell Global indexes.
Congratulations contentsmatters for recognizing what a LOSER dbtunr really is. Dooshbg has serious OCD as evidenced by how often he posts to these boards. In addition, he is losing a fortune on junk like IDSY and RVM. This is the same moron who laughed at me for buying CAR (Avis) at 21.75 last year. Car is currently at 58. Dooshbg claims to have a full-time job yet spends a good deal of his time pretending he's a genius on these boards. He has mastered the skill of typing while jerking off. If it wasn't for inherited money (which he is quickly losing), this poor dumb schmuck couldn't get a job at MickeyD's. He claims to have me on "ignore" but watch how quickly he responds to my posts. No wonder his wife is seeking a divorce and his kids hate him. I OWN THIS POOR DUMB SCHMUCK!
Of course the short interest is up. Insiders have sold 120,000 shares of CLCT in the last 6 weeks, which attracted short players and scared off buyers. So instead of the stock moving up to $25, the stock falls back down to $20.
Again, sorry you made a bad buy. In case you forgot; the title of this thread which you started indicates you made a bad buy at $23 range: "mental note to self: be more disciplined with buying"
For a split second you actually stopped trying to impress people and showed some humility. That quickly ended when I called you out on some of your inaccurate facts and posted that the heavy insider selling helped lead to heavy shorting and that both factors caused the stock price to drop.
The 120,000 shares you said insiders sold the past 6 months was wrong. It was actually 120,000 insider shares sold the past 6 weeks. The insiders selling and the added short positions helped bring the stock down 10% to $20, when it should have risen 10% towards $25
You have no idea of who I am so stop with the silly outbursts
Yes rookie, and insider selling of 120,000 shares the past 6 weeks is a large factor in why the short interest is at a 1 year high
Sorry you bought at $23 and didn't realize that the 120,000 insider shares sold the past 6 weeks would hurt the stock and attract more short players. I thought the Russell 20000 news would help but avoided buying due to the heavy insider selling. Who's the rookie?
My "banter" called you out on your #$%$. A "short window" of trading is not 8 weeks. 120,000 insider shares sold in just the past 6 weeks is a very big number for a stock that trades less than 50,000 shares per day. You called the insider selling "nothing". The shorts called it an opportunity to take your money
As a reminder, it was YOU who made the point of posting that it was good news that the insider trading window was closing soon. Rarely do investors talk about the insider trading window because rarely is it a big factor. But it is with CLCT so you posted about it. Sorry again you bought at $23 before the insiders sold and took your money again. Blame yourself; not me or the short players.
Over 100,000 shares have been sold by insiders in the past 6 weeks and this is why there was a large increase in the shares shorted the past month and why the share price is closer to $20 than $25. You have a lot to learn
Go fuck yourself. This is a message board for ALL people to post their views and opinions. You show inexperience by solely blaming the short players. You bullshit that insiders have a "short window" but they have 8 weeks to buy and sell out of 13 which is not a "short window". That's plenty of time to help cause these 10% drops by wakening the short players. And maybe you're a bit slow, but there would be a lot less shorting of the stock if insiders would stop selling and just let the stock grow. And most likely more mutual funds would include CLCT if the insiders would stop selling
Maybe you forgot but it was YOU who posted with optimism that the insider trading window is almost closed. YOU posted because YOU finally realized that the constant insider selling is why this is not a $30 stock and maybe why you're losing on your most recent purchase. When the insiders stop selling, the short players will leave, but for now CLCT shareholders do okay but continue to be hurt by BOTH insider selling and short players. I think CLCT holds for now or moves up a bit, but 1 bad downturn wipes out the past year of gains and leaves only the insiders as winners
of the 364,000 shares sold in the last YEAR by insiders:
106,000 sold by Ken Duncan. Duncan is a private investor who held more than 10% of the companies stock. He bought in the $3's years ago. He has nothing to do with the company other than he's a rich guy who bought a lot of their stock. As a 10% holder, he is considered an insider
17,000 shares sold by the ex-CEO who quit years ago. He has no affiliation other than having run the company a number of years ago
44,000 shares sold by insiders and directors from options that would have expired worthless if they did not exercise the options. Options get a 10 year life and need to be exercised before that time or they get cancelled.
The remaining 55% of the 364,000 shares sold (197,000 shares) were indeed insider sales.
nasdaq reports 364,000 shares sold by insiders in the last YEAR. That's nothing. 7 days of volume. Many of those were options that would have expired (they get 10 year options) had they not sold them.
A red flag doesn't mean an automatic sell; but it is something to watch for, which is why YOU made mention of the insider trading window. I would guess you also see the insider selling as a factor or you would not have mentioned it. Getting added to the Russell 2000 should get more mutual funds buying, unless the heavy insider selling continues
The insider trading is more than you posted. It's not 140,000 insider selling shares in 8 months, it's more like 260,000 insider selling shares in 8 months, with almost no insiders buying. We disagree on how this affects the stock. I think this is a lot for a stock that trades less than 50,000 shares per day. And I also think that the heavy and consistent insider selling is one of the reasons that short players are here. Sometimes with heavy insider selling, comes heavy short positions. I'm hoping the insider selling slows way down or stops
"if you don't like it, sell". I'll take that comment as your way of admitting that the heavy insider selling has been hurting share price, which is why you mentioned insiders have a short window. Unfortunately the "short window" is not true(it's 8 out of 13 weeks). I've done well with this stock and like the dividend, but do see a red flag due to the continued heavy insider selling