Collectors Universe

seateddime

Is there major news on this company? I see something odd to make me ask what it could be.

dbcoin

Stock down 10%

With gold and silver prices much lower, some of their modern business may dry up.

Staircoins

Justacommeman

<< <i>Stock down 10% >>



On almost 5X heavier then normal volume. Your timing (exit) was golden db.............Well done. That is the way it's done. MJ

seateddime

I am clueless as to why, I put an ear to the ground and know a block was sold but I am buying this up right now. There is no reason for the decline and it looks good to me.

I just wanted to see if there was anything obvious I missed not being on the boards much these day.

Justacommeman

Your yield will be pretty good at least. MJ

dbcoin

there was NO block over 10k shares sold in one trade. It could just be the sector. Look at Sotheby's (BID), also at a new 52 week low.

seateddime

I think so.

I actually purchased some more right before lunch, after this sell off I purchased 10x more so I am done buying for today. I see it back to $15 easy based on the revenues they projected 2 weeks ago.

My main point was really to confirm there was no news I might have missed other than coinflation.com

dbcoin

watch the statistics page. The backlog is being reduced. Good for submitters, bad for shareholders. Last quarter was good and everyone knows it. The worry is this quarter which is typically their slowest. Maybe they cut the dividend going forward? Maybe it's just a stupid seller getting a margin call and this is a gift. I don't care to risk it at this point.

seateddime

It was 4 trades, the last a market order that ticked it in the 12's

A lot of the trades between 13.15 and 13.30 are me buying.

OPA

And you will be rewarded, if they maintain their current div. yield, handsomely.

Unusually heavy volume...someone needed funds desperately. Probably some paranoid PM collector

barrytrot

At only 100 million in market cap the stock can be moved a LOT with just a few people deciding to buy or sell.

Without commenting on CLCT itself I will say that ultra-small-caps such as this should be traded with extreme caution due to their potential for many types of problems that aren't associated with larger capitalization companies.

Of course they also offer extreme outcomes on the "good side" as well if you choose the company that grows or is bought out.

Wingsrule

Today's 52 Week New Highs / New Low

NYSE: 15 Hi, 837 Lo
NASDAQ: 4 Hi, 643 Lo
AMEX: 4 Hi, 115 Lo

Don't think it is CLCT specific. Maybe selling a recent winner to mask some other "not-so-winners".