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Old 07-17-2007, 12:24 AM
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Default Impact of the Card

Posted By: peter chao

I agree with you the market is surprisingly strong. But I have about 18 months of mortgage payments worth of cards dating from 1909- the present. I have always preferred to sell too soon rather than too late. I wouldn't mind selling about one-third of the cards in the near future, a downturn will come, that is the nature of markets. I'm just trying to figure out when it will come.

Remember, 90% of us are bullish on vintage cards, that's an indication that cards are becoming overpriced.

Peter

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