Outed cards, now including a 130K gain on an Aaron rookie

benjulmag · #1 11-29-2019, 07:46 AM

Quote:

Originally Posted by bnorth

I have always given credit to the marketing of PSA. They are second to none, hell they could sell poop sandwiches at Lobster Fest in Maine. Marketing will make you buy the sandwich but it takes all the others to get you to come back for another one.

The difference for me is that marketing can get you started or give you the occasional bump. To make it long term you need the others to keep it going.

Long term there needs to be some correlation between what you are saying and what you are selling. If there isn't, people eventually catch on. The current outings by the Blowout folks is a relatively new phenomenon. I get it that registry collectors have every incentive to continue to prop up the market value of PSA cards. But what about the person who is new to the hobby and is thinking of spending 5 or 6 figures on a slabbed card, and who is aware of what is taking place? Do you think that person will not be concerned about the soundness of his/her investment? How confident can he/she be that the next outed card will not be the one he/she just plucked $100k for?

I know I am sounding like a broken record, and I acknowledge not much has yet happened in regard to the market values of high grade slabbed vintage cards in PSA slabs. But with the outings continuing on a daily basis, continued FBI investigations, and the simple fact that IMO a very high percentage of high grade vintage slabbed cards ARE altered, I simply don't see how an informed prudent person can not begin to wonder if what he/she is buying will hold its value. And as time goes on and new collectors are needed to support the current market pricing, I am at a loss to understand how a person can be so confident in the long-term viability of high grade PSA vintage cards.

ullmandds · #2 11-29-2019, 08:31 AM

Quote:

Originally Posted by benjulmag

Long term there needs to be some correlation between what you are saying and what you are selling. If there isn't, people eventually catch on. The current outings by the Blowout folks is a relatively new phenomenon. I get it that registry collectors have every incentive to continue to prop up the market value of PSA cards. But what about the person who is new to the hobby and is thinking of spending 5 or 6 figures on a slabbed card, and who is aware of what is taking place? Do you think that person will not be concerned about the soundness of his/her investment? How confident can he/she be that the next outed card will not be the one he/she just plucked $100k for?

I know I am sounding like a broken record, and I acknowledge not much has yet happened in regard to the market values of high grade slabbed vintage cards in PSA slabs. But with the outings continuing on a daily basis, continued FBI investigations, and the simple fact that IMO a very high percentage of high grade vintage slabbed cards ARE altered, I simply don't see how an informed prudent person can not begin to wonder if what he/she is buying will holds its value. And as time goes on and new collectors are needed to support the current market pricing, I am at a loss to understand how a person can be so confident in the long-term viability of high grade PSA vintage cards.

well said Corey...and you hit the nail on the head. It's one thing for current collectors to bury their heads in the sand to protect their "investments"...it's a whole different issue with newcomers looking to enter the hobby.

Johnny630 · #3 11-29-2019, 08:42 AM

Quote:

Originally Posted by benjulmag

Long term there needs to be some correlation between what you are saying and what you are selling. If there isn't, people eventually catch on. The current outings by the Blowout folks is a relatively new phenomenon. I get it that registry collectors have every incentive to continue to prop up the market value of PSA cards. But what about the person who is new to the hobby and is thinking of spending 5 or 6 figures on a slabbed card, and who is aware of what is taking place? Do you think that person will not be concerned about the soundness of his/her investment? How confident can he/she be that the next outed card will not be the one he/she just plucked $100k for?

I know I am sounding like a broken record, and I acknowledge not much has yet happened in regard to the market values of high grade slabbed vintage cards in PSA slabs. But with the outings continuing on a daily basis, continued FBI investigations, and the simple fact that IMO a very high percentage of high grade vintage slabbed cards ARE altered, I simply don't see how an informed prudent person can not begin to wonder if what he/she is buying will holds its value. And as time goes on and new collectors are needed to support the current market pricing, I am at a loss to understand how a person can be so confident in the long-term viability of high grade PSA vintage cards.

Corey Logically I’m 100% in agreement with you sir.

To me this is all being worked out and smoothed over. PSA is keeping quiet admitting to nothing, everything is fine, in fact it’s great check our numbers. They know to many people make money off their product, auction houses, major dealers in their smr, eBay sellers, and the major altering groups wether connected or not. It’s only an opinion nothing will ever stick to PSA in terms of liability or accountability. They know they have ironclad Marketing and a Teflon Non stick liability strategy.

Keep the submission up they’re higher then ever. Their industry will survive always has and always will. This will be forgotten in a few years. After all, this board and blowout, we are just a few malcontents on a message board.

perezfan · #4 11-29-2019, 12:10 PM

The way they ignore, deny, deflect and place all blame on others has all the earmarks of a guilty company with something to hide.

Their corporate attorney's spin statement of "We are working with the FBI to get to the bottom of blah blah blah" really means "We are being investigated by the FBI, and are begrudgingly cooperating with their officials".

The disservice they are doing to collectors is immoral and shouldn't be legal.

Peter_Spaeth · #5 11-29-2019, 12:39 PM

Quote:

Originally Posted by perezfan

The way they ignore, deny, deflect and place all blame on others has all the earmarks of a guilty company with something to hide.

Their corporate attorney's spin statement of "We are working with the FBI to get to the bottom of blah blah blah" really means "We are being investigated by the FBI, and are begrudgingly cooperating with their officials".

The disservice they are doing to collectors is immoral and shouldn't be legal.

In the unlikely event the spit hits the fan and the stock price takes a big hit, they could have some interesting non-disclosure issues.

1952boyntoncollector · #6 11-29-2019, 01:52 PM

Quote:

Originally Posted by Peter_Spaeth

In the unlikely event the spit hits the fan and the stock price takes a big hit, they could have some interesting non-disclosure issues.

I think more about likely events more then unlikely events when looking at investments and decisions in life and like to discuss likely events more than unlikely events...

Peter_Spaeth · #7 11-29-2019, 02:22 PM

Quote:

Originally Posted by 1952boyntoncollector

I think more about likely events more then unlikely events when looking at investments and decisions in life and like to discuss likely events more than unlikely events...

You still long CLCT?

1952boyntoncollector · #8 11-29-2019, 02:26 PM

Quote:

Originally Posted by Peter_Spaeth

You still long CLCT?

well they do more than just cards. and again, i worry about likely events, not unlikely events.......

i own Apple stock but i not happy with their protection of privacy but i buy stock based on what i think others will do in terms of the value of the stock...

1952boyntoncollector · #9 11-30-2019, 11:18 AM

Quote:

Originally Posted by Peter_Spaeth

In the unlikely event the spit hits the fan and the stock price takes a big hit, they could have some interesting non-disclosure issues.

Here is the quote... just citing what you said...yet get criticized for saying what is likely or unlikely. Never said was an insider....

1952boyntoncollector · #10 11-29-2019, 01:54 PM

Quote:

Originally Posted by perezfan

The way they ignore, deny, deflect and place all blame on others has all the earmarks of a guilty company with something to hide.

Their corporate attorney's spin statement of "We are working with the FBI to get to the bottom of blah blah blah" really means "We are being investigated by the FBI, and are begrudgingly cooperating with their officials".

The disservice they are doing to collectors is immoral and shouldn't be legal.

If all they get are people giving strong verbal disagreements, its not going to change anything

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