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Posted By: peter chao

Barry,

It's not a matter of overpaying or underpaying and it's not a matter of money. It's a matter of being one step ahead of the next hot collectible. I rant and rave about it all the time.

Just use your hobby experience and common sense. A case in point is the T206 Wagner that just sold for 2.35 million. Let's say we just saw that sale go through. I would look at the fact that it took approximately 7 yrs. for the Wagner to almost double in value.

My next investment move would be to sell my T206 Hall of Famers, the reason for this is that most of my Hall of Famers more than doubled during the 7 year span. So instead of seeing the sale of the Wagner as a bullish sign, I would look at that as a sign to sell.

Also, I would not at the sale of the Wagner as a sign that I should be buying T206 commons. If T206 Hall of Famers are going down then pre-war guys will be buying T206 commons.

Barry, am I way off base here.

Peter