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

[japhi]

Originally Posted by Republicaninmass

Take sept 14th 18 to dec 19, only about a 10% increase in the sp. Most people arent showing that big Oct-dec dump in 2018 to tout how well stocks did this year. Hey 10% ain't bad, but the "28%" just is accounting for that big drop.


No FOMO and price manipulation in stocks?


No Fraud in stocks? People lost about 90% on this TEUM company lying about earnings. Did that stop the "28%" gain on the SP?

My point was equities have been doing well the past 4 years. And yes stock prices are a joke, pe ratios are crazy high. Cheap money, etc. The fact that cards have stagnated in this environment - easy, cheap money - suggests we are at a peak. If money tightens up look out, and if some whales exit could be real ugly. JMHO.

[buymycards]

Originally Posted by japhi

My point was equities have been doing well the past 4 years. And yes stock prices are a joke, pe ratios are crazy high. Cheap money, etc. The fact that cards have stagnated in this environment - easy, cheap money - suggests we are at a peak. If money tightens up look out, and if some whales exit could be real ugly. JMHO.

Yes, that is true for the people who are spending $50k or more on PSA 10's and high end 52 Mantles. For 99% of collectors, we won't even notice it.

[japhi]

Originally Posted by buymycards

Yes, that is true for the people who are spending $50k or more on PSA 10's and high end 52 Mantles. For 99% of collectors, we won't even notice it.

Agreed!

[Johnny630]

Did anyone see this Interview?

https://www.youtube.com/watch?v=_f3k5VSqVt4

Towards the end, he says he see's greener pastures and blue skies ahead for this marketplace/industy.....

I see Visions Of Silver Bracelets and Orange Jumpsuits

[swarmee]

We discussed it in May here and at Blowout. In fact, it was one the things that threw gas on the fire of the internet investigation. People hated how smug he was in that interview and looked for more things to pin on him.

[Republicaninmass]

Originally Posted by japhi

My point was equities have been doing well the past 4 years. And yes stock prices are a joke, pe ratios are crazy high. Cheap money, etc. The fact that cards have stagnated in this environment - easy, cheap money - suggests we are at a peak. If money tightens up look out, and if some whales exit could be real ugly. JMHO.

Peak schmeak, this is starting to sound like a seeking alpha article. The same was said Jan 19 rescission, global slowdown, etc


When people exit the stock market, they'll need to put resources elsewhere. Maybe something tangible that can make them think of days gone by when life was simpler, and MLBers needed winter jobs. Hoping its oil stocks, since it didnt happen last year!

Dont take it personally, anytime someone relates cards to stocks there are two sides to it. I never believed in these PWCC indices, I stick to what I know. Tough cards, more demand and signed 52 topps when I see 'em

[WhenItWasAHobby]

More high profile cards are outed and the amount of damages incurred just keep piling up:

https://www.blowoutforums.com/showth...90614&page=248

https://www.blowoutforums.com/showth...333320&page=18

By the way where's Peter Spaeth been lately?

[cardsnstuff]

Originally Posted by WhenItWasAHobby

More high profile cards are outed and the amount of damages incurred just keep piling up:

https://www.blowoutforums.com/showth...90614&page=248

https://www.blowoutforums.com/showth...333320&page=18

By the way where's Peter Spaeth been lately?

So what happens, once a card is outed; is there a data base of cert #'s, etc? just curious, are the owner's of these cards, requesting refunds, are they still changing hands, is anyone doing anything? I know maybe the fbi is involved, but I haven't heard any more about that since the nat'l. Seems like a lot of great work is being done, but is anything happening because of it? I was just curious. Is there another post I am missing that is providing the card details, etc?

[drcy]

The best comment in one of the threads is that the card now had perfect centering: 45/45

[WhenItWasAHobby]

Originally Posted by cardsnstuff

So what happens, once a card is outed; is there a data base of cert #'s, etc? just curious, are the owner's of these cards, requesting refunds, are they still changing hands, is anyone doing anything? I know maybe the fbi is involved, but I haven't heard any more about that since the nat'l. Seems like a lot of great work is being done, but is anything happening because of it? I was just curious. Is there another post I am missing that is providing the card details, etc?

I do recall that there was a Blowout thread that kept a tally sheet of the number of cards and the prices paid for the altered cards. I don't have a link to it. As for the victims, PWCC did reach out and offer refunds for bad cards that they sold. I have no idea what the response has been and the amount of restitution has been for those parties. There are unofficial statements from board members stating that the FBI is involved with very little in the way of details.

[Leon]

Dan
What do you want to know about the FBI? They are absolutely, 100% investigating. That is all of the info we will know for now. No doubt more will come out later but I don't expect it to be soon. Too many rats to still roll over.

Originally Posted by WhenItWasAHobby

I do recall that there was a Blowout thread that kept a tally sheet of the number of cards and the prices paid for the altered cards. I don't have a link to it. As for the victims, PWCC did reach out and offer refunds for bad cards that they sold. I have no idea what the response has been and the amount of restitution has been for those parties. There are unofficial statements from board members stating that the FBI is involved with very little in the way of details.

[WhenItWasAHobby]

Originally Posted by Leon

Dan
What do you want to know about the FBI? They are absolutely, 100% investigating. That is all of the info we will know for now. No doubt more will come out later but I don't expect it to be soon. Too many rats to still roll over.

Thanks Leon.

[ullmandds]

Originally Posted by WhenItWasAHobby

More high profile cards are outed and the amount of damages incurred just keep piling up:

https://www.blowoutforums.com/showth...90614&page=248

https://www.blowoutforums.com/showth...333320&page=18

By the way where's Peter Spaeth been lately?

these are hardly high profile cards????? but more cards nonetheless!

[bnorth]

Originally Posted by WhenItWasAHobby

More high profile cards are outed and the amount of damages incurred just keep piling up:

https://www.blowoutforums.com/showth...90614&page=248

https://www.blowoutforums.com/showth...333320&page=18

By the way where's Peter Spaeth been lately?

He is alive and well, he quoted me and made a snide remark on another forum last night.

[samosa4u]

Originally Posted by WhenItWasAHobby

By the way where's Peter Spaeth been lately?

He's been busy searching for a nice-looking O-Pee-Chee Gretzky rookie.