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Collectors Universe Inc. Message Board

  • ibdtrader ibdtrader Jun 7, 2013 2:40 PM Flag

    Lack of Liquidity

    Seems the lack of liquidity here makes it difficult to sell out of larger positions without losing on price. Anyone have this concern? And yes I know the dividend is the reason to not sell, but what about the liquidity issue?

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    • It's an issue so you need to know how to sell intelligently. Wait for high volume days. You can't just decide out of the blue to dump 20k shares. I got out of a 30K position a few years back on day a few years back when all of a sudden the stock moved from $14 to $17 on no news with heavy volume. Some fund decided to buy in and I decided to get out.

      Duncan has sold about 200k shares over the past couple of years and he never moved the price. He never sells below $14 and he never sells a large lot on any one day. BTW- he bought at $4 or less. After collecting dividends, his cost basis is probably less than zero.

 
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