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Collectors Universe Inc. Message Board

  • dbtunr dbtunr Jan 4, 2013 1:57 PM Flag

    Sophrosyne just went over 5%

    just increased holdings over 5%. They must feel that the dividend is safe, the short interest is too high, and the increased dividend taxes only on those over $400k is a good thing.

    yet gold is tumbling.

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    • The "over $400k is a good thing" is a good thing, but it's also a government canard. The administration wants a second tax increase after just having gotten one. The $400k won't hold, or the government will do a work around and take it another way. It takes a lot of bananas to feed a growing two hundred pound gorilla. HAHAHAH!!!

    • Sophrosyne files another 13G and went back down just under 5%. Strange that they would straddle the reporting line like then.

      The largest institution increased a little and now owns about 7.5%

    • ... and how far do you expect gold to tumble, with all of the government QE programs going on internationally as well as countries and central banks increasing their gold reserves? Anyways, CLCT is getting a relief rally right now which should last until at least the end of this month (partially due to being oversold at the end of 2012, as investors sold for tax purposes). I think we'll see another 10% gain from here by the end of January, then I'll sell and book a short-term 15% gain on this stock (why should I care about the divi when I can make 15% holding it just 1 month)? You talk about stock correlation to gold prices, you should have a look at ABX ... you would think there'd be a strong correlation there with a gold miner, but it is very weak.
      Anyways, I'm pretty confident we will see gold above $1600/oz for the rest of 2013.

      Sentiment: Hold

      • 2 Replies to furball_80110
      • "and how far do you expect gold to tumble, with all of the government QE programs going on internationally as well as countries and central banks increasing their gold reserves? "

        I don't know about dbtunr, but I think it'll tumble as far and as long as the manipulators can hold down the cover on the pot of boiling gold before the steam sends the pot's cover and gold flying off and up, up, up, and away!

        As to $1600/oz gold. It sure won't hurt CLCT, but once she blows the lid I think it'll be up and through $1600 and up more.

        I heard "(why should I care about the divi when I can make 15% holding it just 1 month)?", more or less, many times on these boards. There's truth in it. But there's also "churn" and a broker looking over one's shoulder and using dark pools to front run?

        Maybe Wall St. and broker trading desks aren't greedy and want some guys/gals to get rich? Maybe, but I don't think so. No one's a friend on Wall St. when it comes to $'s.

        Given all that, I think the day of the dividend fad is nearing it's end. Trading and the reach for capital gains instead of dividends will increase.

        I prefer a hit and run approach to cap gains myself. By "hit and run", I mean don't stick to one stock or broker and keep them guessing rather then profiling account trading behavior in order to anticipate next moves. Not easy, but still doable, except I doubt for long .... Nothing is doable for long on Wall St.

      • A "rally" is when the stock goes up, not down. You must be related to Dunbar, probably his long lost brother.

        Sentiment: Strong Sell

 
CLCT
19.85+0.14(+0.71%)10:27 AMEDT

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