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Old 05-27-2008, 04:21 PM
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Default Experiment is Over - Cardtarget closing Partial Share Program

Posted By: Jim Dale

Barry it might help to realize the foundation behind cardtarget.com was modern cards from Topps (etopps). Though etopps cards were real they were held by topps for the owners and traded online. 99% of those who were at cardtarget.com when they introduced partial shares were ther for etopps. So the concept of not holding a real card was not that odd to that clientele. Obviously to the collectors here it was odd - too say the least.

One of the things I disagreed with the community of buyers and traders there was our position in the PSA registry for the top 200 card set. We were moving up that list pretty nice, and it seemed to be a focus for a while. I owned shares in every card on that list held by cardtarget, but they were not the best investments. Those who were there for profit didn't care for that direction and the community \ program could not be all things to all people. There simply were not enough collectors willing to own "shares" rather then cards.

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