I find this is big negative if it's true that card grading has major delays. Can never fully trust any message board as some have other motives, like maybe trying to get some dealers and collectors to send cards to a different grading service. But even if 120 days is exagerrated; it's not good to see long delays and really would discourage not only the major dealers, but also those who try PSA for the first time. My gut feeling from your post is that it makes more sense for PSA to hire a few more experts in grading and to not risk losing a lot of business
dbtunr; thanx for all the updates. It sounds like coins are really exploding due in part to China. I hope the card numbers also stay steady
If Stacks Browers doesn't send in coins to be graded then I'm sure many of their auction winners do plan on sending coins in to be graded
Can you explain this better? And do you know how it works if the dividends are paid to represent shares? I don't get dividend checks with dividend stocks; I get added shares; like sometimes fractions or maybe 1 1/2 shares or even less
dbtunr; I had a question related to this article. Why would they sell these coins on Amazon instead of auctioning them off on ebay? I thought Amazon is only fixed price and doesn't have auctions. TO me it makes no sense to do fixed price when the hype surrounding these could drive some auction prices sky high
that's an incredible story and might drive another gold rush; could also lead to more people getting their coins autheticated
You were right when you said to sell at $21 and what convinced me from our conversation was when you said the top people sold stock to buy coins. That was interesting and made sense to me so I sold. A few hours ago you said when it was $18.50 I was going to buy and then you posted that you would wait to buy in the $17's. I hope you're right and the worst of the selling is over cause I just bought some back at $17.52 level.
Who cares about MO on CLCT board? Isn't that tobacco or something? He seems to know a ton about CLCT, which is all that matters here. I thought it was interesting how well CLCT did in January considering how poorly the Dow and Nasdaq did. It tells me that if Yellen's continuation of Bernackie's policy's begin to stop working and there's a stock market slide, that CLCT might hold better than many other stocks. The collectible industry did fantastic in the inflationary late '70's when the stock market slid
Dropping today by 3 or 4% s not as bad as a year ago. I've always ignored the day traders with dividend stocks and generally if I like a high paying dividend stock I just hold and let the day traders make their money. Watching day traders post their moves on these days seems to have a mix of winners and losers
Interesting if that rumor was true and they sold stock to buy coins. I'm holding and hoping the insiders decide this time not to sell
They sold at $12 and $15 and might have bought stocks that outperformed CLCT, or might have diversified to buy stocks they thought would outperform CLCT, which is what you might be thinking also at the $21 level. But maybe now the insiders hold because maybe now they see a shaky stock market, that involves more risk. They'll hold now if they think it makes more sense to hold a growing company that pays a 6% dividend, than to gamble on stocks that have higher volatility. CLCT has been volatile lately, but that should settle down now
Normal profit taking would get it to$18 range, but I think today and tomorrow are important. If it can hold $20 to $21 range and close higher today, then it might be more likely to head towards $23 then back down to $18. A late surge today would help. It's a low volume stock that#$%$ on all cylinders with an excellent dividend and coins have lots of growth, so it might be a better stock to hold than to short. The charts say it drops down on profit taking, but sometimes the charts are wrong
How long have they been grading coins? That's a huge market. I wonder if India and China citizens care about grading or if they just stockpile gold and silver coins?
dbtunr; do you or does anyone else know if there might be added collectibles that PSA might consider; or would it make sense for them to buy out maybe a stamp company or another collectible they aren't currently grading? I assume they don't do stamps now? I have no idea and am looking for opinions because maybe the next 5 years see an uptick of interest in collectibles, so maybe CLCT could grow with a few buyouts?
The huge swings are more than just shorts or technical reasons. I sense it might be partly due to the idea that stocks might be in for a rough year and money pulled out of the stock market might be diversified into other forms of investing. If traders begin dumping their stocks and moving out of the stock market; they might begin to buy gold and silver, but other forms of investing, such as real estate or collectibles such as baseball cards or coins might also see an uptick. A down stock market and 0% interest in the bank leads people to wonder what to do with their money.
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?
Good to see a slight increase. Would like to see more upside in share price though and the $45 to $50 range this year