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Originally Posted by swarmee
Solid post; the other thing that seemed to goose the stock price was that last year it was kind of floating in no-man's land. Then, right at the beginning of the scandal with PWCC, the stock was finally big enough in market cap to get listed in the top 2000 (or whatever) stocks on its exchange. Therefore, those who invest based on market buckets for diversification and who invest in this exchange bought lots of shares to match the Top 2000. Therefore, there was some increase in the stock price just because the stock price had increased over some arbitrary line where more investors needed the stock.
They weren't necessarily investing in CU/PSA; they were investing in the stock itself. An odd corollary to the whole buy the card/not the flip discussion.
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Thats actually a good time to buy stocks..when they go on the bigger listing where the big guys buy them to diversify...lots of free buyers out there that raise the price..