Good question! I have enough capital tied up in coins that I would not want to tie up more with coin stocks. Despite this, CU stock (CLCT) could be a good leverage play into the collectibles market. What if sports cards heated up around the same time as coins?
A small position. Just enough to provide some justification for my ranting and raving on this forum .
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
None here..........But I believe at the Balt.(ANA show) Mr. Hall said that the Melt value was worth more than the stock price. I could be wrong but would appreciate some other members who at the PCGS registry luncheon to validate my quote.
I do, but only a small amount. Since CLCT is considered a high risk investment by most experts and is a small cap, you should not have a large portion of your portfolio invested here. However, you should invest some money in high risk investments. I've made money thus far, and I think it will go to $4/share by the end of the year, IMHO, so I'm holding onto mine. The reason I think this is: (1) company has NO DEBT, (2) hot collectibles market, and (3) hot stock market.
Author of MrKelso's official cheat thread words of wisdom on 5/30/04.
Going to $4.00 a share isn't going to help anyone very much since the stock is so volatile. Sell off 100 shares and the price drops 3%. If you had 1000 shares to sell in one day the bottom would drop out so you'd have to sit by the computer every day and watch the price pop up a few cents and then sell another hundred shares. Oh, yeah, and you'd also have to pay a comission on every sale.
It only had 111 when I resurrected it tonight from it's 2+ year slumber, but the 100-point scale poll is about to go over 200. Maybe DH will pay attention?
Quis custodiet ipsos custodes?
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Comments
My website
I tried to post a link to the running stock chart but it didn't work.
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<< <i>I do. >>
I found some change in the street this morning, wanna sell a few shares?
<< <i>I tried to post a link to the running stock chart but it didn't work. >>
MS70- Here is your stock chart
CLCT Stock chart
I think that it is a heck of a good way to inflate the stock price.
Camelot
Looking for PCGS AU58 Washington's, 32-63.
Thanks DCAMFranklin!
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<< <i>Not now. Not ever.
>>
What he said...
The Lincoln cent store:
http://www.lincolncent.com
My numismatic art work:
http://www.cdaughtrey.com
USAF veteran, 1986-1996 :: support our troops - the American way.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Not me. I don't think it's a safe investment in the long run. >>
not even a good investment in the short run.
thinly traded, reverse stock split, lots of revenue that doesn't make it's way to the bottom
connect the dots
Thanks.....Chris
<< <i>I do... >>
you should
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Bulldog
No good deed will go unpunished.
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Check out a Vanguard Roth IRA.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
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==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
out of rockets ...out of bullets...switching to harsh language
As for me, I'd have to look closer at my mutual funds.....but I doubt it.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."