Quote:
Originally Posted by Dpeck100
Hard to say. Roughly two thirds of the company is their coin division and that has been soft. If you read the recent report it seems to be picking up some. Their card and autograph division is what is carrying the company.
It looks to me like it is running back up to the the top of the gap of $21.63 from February 7th last year. If it gets above that it could have legs.
The stock got hammered in the fourth quarter last year on general market weakness and heavy tax loss selling but I am not a fan personally of buying a stock that has doubled in five months.
Regardless this issue that has created many to be upset isn't going to change the direction of PSA.
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I guess people keep grading the new bullion coins although I can't imagine why as even the MS70s don't seem to bring much of a premium, unlike PSA 10s of current cards.
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