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Collectors Universe Inc. Message Board

  • dbtunr dbtunr Jan 10, 2014 11:44 AM Flag

    Spike!! is today the big 500K+ short covering day?

    keep a close eye on it folks. 10c away from a 9 year high

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    • so what was that spike? It was about 20K shares in a short timeframe. Possible short covering once it got above a certain point. Could also be buyers at the FUN show when PCGS unveiled the 3D hologram that was going into their slabs at a PCGS luncheon. The timing of the spike and the luncheon were almost identical

      The spike demonstrated that there are very few shares for sale between $18 and $19. Almost no resistance. Any downturn is bought.

      I think it is possible from a technical perspective that we go down for a few days but I believe we will push up to new highs as the investor presentation is next week and the dividend announcement the week after.

    • looking through the trades, there was no trade over 1000 shares on the way up. It looks like a short hit a margin call or a stop loss and then executed a buy/cover at market. There were literally no shares for sale on the way up.

    • an early dividend announcement would push this to $20 today. Just sayin.

      it hit $18.75, 5c from the Aug 2011 9 year high. Moving back down now

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