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#1
06-03-2019, 04:35 PM
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On something like this I would defer to investment professionals who understand the risks and advantages of shorting and the dynamics of a particular security, I wouldn't do it just as a casual investor who thinks based on some message board activity the stock is going down. People who do stuff like that get eaten alive. Now a professional may well evaluate all the facts and say yeah it's a good risk, just saying it's complicated.
__________________
Four phrases I have coined that sum up today's hobby: No consequences. Stuff trumps all. The flip is the commoodity. Animal Farm grading. Last edited by Peter_Spaeth; 06-03-2019 at 04:36 PM. 
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#2
06-03-2019, 04:36 PM
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A professional would look at it and say - its too small and event risk is not yet defined... 
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#3
06-03-2019, 04:57 PM
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__________________
http://www.flickr.com/photos/calvindog/sets
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#4
06-03-2019, 04:59 PM
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Quote:
__________________
Four phrases I have coined that sum up today's hobby: No consequences. Stuff trumps all. The flip is the commoodity. Animal Farm grading.
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#5
06-03-2019, 05:03 PM
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 I like how the quote resembles the "bring the pain" phrase. Edit 2: Disclaimer: This is not to be considered financial advice.
__________________
-- PWCC: The Fish Stinks From the Head PSA: Regularly Get Cheated BGS: Can't detect trimming on modern SGC: Closed auto authentication business JSA: Approved same T206 Autos before SGC Oh, what a difference a year makes. Last edited by swarmee; 06-03-2019 at 05:11 PM.
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#6
06-03-2019, 05:14 PM
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#7
06-03-2019, 11:59 PM
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Oh, how I hope to see NASDAQ delist CLCT at some point in the not too distant future.
__________________
Building these sets: T206, 1953 Bowman Color, 1975 Topps. Great transactions with: piedmont150, Cardboard Junkie, z28jd, t206blogcom, tinkertoeverstochance, trobba, Texxxx, marcdelpercio, t206hound, zachs, tolstoi, IronHorse 2130, AndyG09, BBT206, jtschantz, lug-nut, leaflover, Abravefan11, mpemulis, btcarfagno, BlueSky, and Frankbmd.
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#8
06-04-2019, 09:14 AM
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Interesting to watch CLCT trade. It is amazing how 100 share lots can move this stock so easily.
These guys putting on their little short positions are just racing it lower and if they want to cover will race it right back up. The bid ask spread on this stock makes it such a challenging trading stock. It will be interesting to see what happens with this 2,700 share offer right here.
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#9
06-04-2019, 09:29 AM
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Y'all realize it's doubled since January? 9% down could be just profit taking. Wait the sky is falling
__________________
"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors
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#10
06-04-2019, 09:35 AM
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These guys saying they were going to short it and buy puts definitely did yesterday. The open interest in the January 2020 Puts moved up a lot. Those are very tough options to be playing with.
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#11
06-04-2019, 10:16 AM
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Do the folks openly wishing for the demise of PSA & CLCT not own any PSA graded cards? Do they care that many people on this board could be materially affected by that outcome? Some of those people whom they would proabbly consider a friend.
Seems like a curious stance to me.
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#12
06-04-2019, 10:22 AM
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Quote:
__________________
-- PWCC: The Fish Stinks From the Head PSA: Regularly Get Cheated BGS: Can't detect trimming on modern SGC: Closed auto authentication business JSA: Approved same T206 Autos before SGC Oh, what a difference a year makes.
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#13
06-04-2019, 10:42 AM
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Quote:
__________________
Four phrases I have coined that sum up today's hobby: No consequences. Stuff trumps all. The flip is the commoodity. Animal Farm grading.
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#14
06-04-2019, 11:11 AM
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We may (and should) take some short-term financial hits, but purely for the betterment of the hobby on a long-term basis. Another TPG or two will undoubtedly emerge when PSA goes down. Or perhaps raw cards will make a comeback. I am hoping for the latter, as I personally feel TPGs corrupt the hobby and their grades do not do not accurately convey a card's true condition or aesthetic appeal. If they could simply (and correctly) identify a card as altered or original, and let us decide the number grade for ourselves, then I might feel differently. But they cannot even detect obvious alterations at this point. So under this current system... What's the point of having it?
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#15
06-04-2019, 11:20 AM
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Even though I have dozens of autographed pre-war cards, I say shine the light on the fraud. Let's get this mess cleaned up and do things the right way. I don't have a viable solution, but that doesn't mean I want to live with the problem.
__________________
Galleries and Articles about T206 Player Autographs www.SignedT206.com www.instagram.com/signedT206/ @SignedT206
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