The Jordan 10 -- Goldin and PWCC

[ullmandds]

Originally Posted by Johnny630

I blame the dummies who buy into this from PWCC they’re all adults who think they know it all anyways so hell let them deal with it.

It's the majority of new money into the hobby...for now...we'll see if the $$$ stays? Read the article in the news about PWCC...and PSA...and this blogger and that hype machine...and that's good enough for this crowd to "invest!"

I mean how many of us are as knowledgable about the stocks we own as we are about our old cardboard????

[Peter_Spaeth]

Originally Posted by ullmandds

It's the majority of new money into the hobby...for now...we'll see if the $$$ stays? Read the article in the news about PWCC...and PSA...and this blogger and that hype machine...and that's good enough for this crowd to "invest!"

I mean how many of us are as knowledgable about the stocks we own as we are about our old cardboard????

Stocks trade for the most part in an efficient market and at a price over which you have no control other than to say yes or no. This is like taking a stock trading at 30 and instead of buying it at 30 offering someone 100. I don't know what these people are up to but my spider sense says no good.

[ullmandds]

Originally Posted by Peter_Spaeth

Stocks trade for the most part in an efficient market and at a price over which you have no control other than to say yes or no. This is like taking a stock trading at 30 and instead of buying it at 30 offering someone 100. I don't know what these people are up to but my spider sense says no good.

I agree with you pete regarding the manipultaion of the jordan rookie. My analogy was referencing the fact that the majority of "investors" in the stock markets...aren't super educated about what they're investing in...kinda like the frenzy of new money in the hobby are just "investing" because they read it somewhere or someone suggested it.

You'd have to throw a shitload of $$$$ at high grade jordan rookies/2nd years to corner the market and create increased demand at this fake price point. A lotta time and a lotta money.

[Peter_Spaeth]

Originally Posted by ullmandds

I agree with you pete regarding the manipultaion of the jordan rookie. My analogy was referencing the fact that the majority of "investors" in the stock markets...aren't super educated about what they're investing in...kinda like the frenzy of new money in the hobby are just "investing" because they read it somewhere or someone suggested it.

You'd have to throw a shitload of $$$$ at high grade jordan rookies/2nd years to corner the market and create increased demand at this fake price point. A lotta time and a lotta money.

Right but at least if you buy a stock you are paying what the collective wisdom of the entire world says it's worth at that given moment. You aren't paying what some unscrupulous dealer suggests you pay (I still love the guy who reviewed all his bids with Brent beforehand and ended up buying a recolored special at some staggering price) or your buddies on Twitter or what you think might push up the value of your other ones so you can dump them or whatever.

[maniac_73]

Originally Posted by Peter_Spaeth

Right but at least if you buy a stock you are paying what the collective wisdom of the entire world says it's worth at that given moment. You aren't paying what some unscrupulous dealer suggests you pay (I still love the guy who reviewed all his bids with Brent beforehand and ended up buying a recolored special at some staggering price) or your buddies on Twitter or what you think might push up the value of your other ones so you can dump them or whatever.

The Gamestop run is doing its best to change that narrative lol

[Peter_Spaeth]

Originally Posted by maniac_73

The Gamestop run is doing its best to change that narrative lol

I hear you. Well it's still true of MOST stocks and certainly large cap ones.

[D. Bergin]

Originally Posted by maniac_73

The Gamestop run is doing its best to change that narrative lol

Yeah, not much different then a 1000 various pump and dumps, NFT's, Crypto's, Public Offerings, and whatever else the modern unregulated financial landscape diarrhea's out into the world.

In the end a bunch of dreamers with too much money and not enough smarts end up holding the bag for a bunch of even richer then them con-artists.

[Aquarian Sports Cards]

Originally Posted by ullmandds

I agree with you pete regarding the manipultaion of the jordan rookie. My analogy was referencing the fact that the majority of "investors" in the stock markets...aren't super educated about what they're investing in...kinda like the frenzy of new money in the hobby are just "investing" because they read it somewhere or someone suggested it.

You'd have to throw a shitload of $$$$ at high grade jordan rookies/2nd years to corner the market and create increased demand at this fake price point. A lotta time and a lotta money.

I dunno, it only takes a few sales to skew VCP or ebay sold results or PSA auction results etc...

[Peter_Spaeth]

Originally Posted by Aquarian Sports Cards

I dunno, it only takes a few sales to skew VCP or ebay sold results or PSA auction results etc...

And then you have... wait for it.... FOMO again!!!!!!!!