Does anyone know why this dropped so much and when it becomes a good buy? Does the Eli Manning/Giants scandal hurt CLCT by overall hurting the sports memoribilia industry or does it help CLCT by leading more people to have their collectibles graded?
there were 505,000 shorts who covered pushing the stock higher than it should have been. $18 is a fair value based on earnings and business conditions. Earnings will come out later this week and should help push the stock higher again. Coin certs are are record levels. The company is doing great New shorts probably entered above $20.
Any scandals in memorabilia help the company as people will flock to certified stuff.