The Jordan 10 -- Goldin and PWCC

[Peter_Spaeth]

Originally Posted by Bicem

Was bought by Nick Fiorella or 72wootwoot72 on Instagram. His rationale is comical.

Lots of others playing up the sale on social media too, feels like a pump and dump.

With Ken the leader in Jordan 10s selling one for 223 three weeks ago, anyone wanting one obviously could have found one for not much more than that, if not less. Paying 3.5x that makes zero sense. Zero.

[Leon]

Originally Posted by Peter_Spaeth

With Ken the leader in Jordan 10s selling one for 223 three weeks ago, anyone wanting one obviously could have found one for not much more than that, if not less. Paying 3.5x that makes zero sense. Zero.

In my experiences things don't always make sense.
And from Jeff's comment a pump and dump doesn't sound that far fetched.
.

[Johnny630]

I blame the dummies who buy into this from PWCC they’re all adults who think they know it all anyways so hell let them deal with it.

[ullmandds]

Originally Posted by Johnny630

I blame the dummies who buy into this from PWCC they’re all adults who think they know it all anyways so hell let them deal with it.

It's the majority of new money into the hobby...for now...we'll see if the $$$ stays? Read the article in the news about PWCC...and PSA...and this blogger and that hype machine...and that's good enough for this crowd to "invest!"

I mean how many of us are as knowledgable about the stocks we own as we are about our old cardboard????

[Peter_Spaeth]

Originally Posted by ullmandds

It's the majority of new money into the hobby...for now...we'll see if the $$$ stays? Read the article in the news about PWCC...and PSA...and this blogger and that hype machine...and that's good enough for this crowd to "invest!"

I mean how many of us are as knowledgable about the stocks we own as we are about our old cardboard????

Stocks trade for the most part in an efficient market and at a price over which you have no control other than to say yes or no. This is like taking a stock trading at 30 and instead of buying it at 30 offering someone 100. I don't know what these people are up to but my spider sense says no good.

[ullmandds]

Originally Posted by Peter_Spaeth

Stocks trade for the most part in an efficient market and at a price over which you have no control other than to say yes or no. This is like taking a stock trading at 30 and instead of buying it at 30 offering someone 100. I don't know what these people are up to but my spider sense says no good.

I agree with you pete regarding the manipultaion of the jordan rookie. My analogy was referencing the fact that the majority of "investors" in the stock markets...aren't super educated about what they're investing in...kinda like the frenzy of new money in the hobby are just "investing" because they read it somewhere or someone suggested it.

You'd have to throw a shitload of $$$$ at high grade jordan rookies/2nd years to corner the market and create increased demand at this fake price point. A lotta time and a lotta money.

[Peter_Spaeth]

Originally Posted by ullmandds

I agree with you pete regarding the manipultaion of the jordan rookie. My analogy was referencing the fact that the majority of "investors" in the stock markets...aren't super educated about what they're investing in...kinda like the frenzy of new money in the hobby are just "investing" because they read it somewhere or someone suggested it.

You'd have to throw a shitload of $$$$ at high grade jordan rookies/2nd years to corner the market and create increased demand at this fake price point. A lotta time and a lotta money.

Right but at least if you buy a stock you are paying what the collective wisdom of the entire world says it's worth at that given moment. You aren't paying what some unscrupulous dealer suggests you pay (I still love the guy who reviewed all his bids with Brent beforehand and ended up buying a recolored special at some staggering price) or your buddies on Twitter or what you think might push up the value of your other ones so you can dump them or whatever.

[Aquarian Sports Cards]

Originally Posted by ullmandds

I agree with you pete regarding the manipultaion of the jordan rookie. My analogy was referencing the fact that the majority of "investors" in the stock markets...aren't super educated about what they're investing in...kinda like the frenzy of new money in the hobby are just "investing" because they read it somewhere or someone suggested it.

You'd have to throw a shitload of $$$$ at high grade jordan rookies/2nd years to corner the market and create increased demand at this fake price point. A lotta time and a lotta money.

I dunno, it only takes a few sales to skew VCP or ebay sold results or PSA auction results etc...