CLCT stock down 9.13% today

[chalupacollects]

OK stocks generally drop a bit after declaring a dividend but over 9% in one day may mean word is getting around... plus another $3.88% so far today - 6/4/2019. Surely the coffee is brewing in the boardroom by now.

[jhs5120]

I actually sold my stock on 5/29 because of this.

[Bicem]

Short it. More room to fall in my opinion as word spreads.

[joshuanip]

Originally Posted by Bicem

Short it. More room to fall in my opinion as word spreads.

It's not the shorts, the borrow actually increased from Friday and the borrow rate remains at 2%. Also, we are talking just about 1MM market value traded today, too small to make it count for the book. This is just retail selling. But it has the same affect/pressure!

[Peter_Spaeth]

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.

[joshuanip]

Originally Posted by Peter_Spaeth

On something like this I would defer to investment professionals who understand the risks and advantages of shorting, 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.

A professional would look at it and say - its too small and event risk is not yet defined...

[calvindog]

Originally Posted by Peter_Spaeth

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.

Are you nuts? You’d defer to an investment professional instead of shooting your fool mouth off about something you have no education or experience in? What is wrong with you?

[the 'stache]

Originally Posted by Peter_Spaeth

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.

You have more sense than the average investor trading on margin, at least in my personal experience.

Oh, how I hope to see NASDAQ delist CLCT at some point in the not too distant future.

[CuriousGeorge]

Originally Posted by joshuanip

It's not the shorts, the borrow actually increased from Friday and the borrow rate remains at 2%. Also, we are talking just about 1MM market value traded today, too small to make it count for the book. This is just retail selling. But it has the same affect/pressure!

There was short pressure on the stock all day. Problem is it’s so thinly traded any selling pushed it down so don’t confuse a slightly elevated volume day with just retail selling. Hard to sell a lot when there’s no buyers and market makers won’t take volume.

[joshuanip]

Originally Posted by CuriousGeorge

There was short pressure on the stock all day. Problem is it’s so thinly traded any selling pushed it down so don’t confuse a slightly elevated volume day with just retail selling. Hard to sell a lot when there’s no buyers and market makers won’t take volume.

short interest <1% of float.

[Rhotchkiss]

Love this. PSA needs to address this scandal and ultimately its grading standards/procedures. Nothing will get a public company to act quicker than falling stock prices.