Not sure if the symbol translates but it is NVDA. Put it on a 1 year chart and you will see the distinct correlation. The stock market is dramatically different than cards as obviously you can play up or down and be long or short a stock or use a derivative like options to participate. That said the simple point is when momentum reaches extremes larger corrections happen.
I think far too many people think they have the card game figured out from prior past success. A rising tide makes a lot of people look smart and a falling market can make the same people look very stupid. I doubt if you asked one long time card dealer in lets say the middle of last year if they thought what we witnessed this year would or could happen and I doubt any would have said yes. If you go back to the 1999 time frame of the stock market there were plenty of seasoned vets that thought what was taking place was crazy. On the flip side for every one of them there were tons of beginners like me who jumped on rocket ships and enjoyed the ride. In the end when things settled out very few of the companies that experienced incredible run ups ever went higher. Some it took 15 years to make it back to those levels and an even greater number are no where close or went out of business. Predicting the card market with any real accuracy is tough no matter how long or how smart one thinks they are. If you buy quality and sit on it over time you have been rewarded and that probably remains true to this day. That said there are probably some transactions out there that took place where the buyer is sitting on a goose egg. I know a collector from the boards who sold a PSA 8 Rose for 18k. It is safe to say he got the better side of that transaction.
And by the way. i certainly couldn't have predicted that NVDA would plunge 10 points in the first hour of trading but was lucky enough to be in the right place at the right time. It will go lower though is my bet over the next few weeks.
@KendallCat said:
No question Jordan is more we'll known to people due to the timing of his career versus say a Mantle, Ruth, Chamberlain.... If you compare him to people of his time like Marino, Ripken, or even a Nolan Ryan he is far and away more well known due to his shoe brand. This will definitely help his exposure to fans in the US and abroad. Of course with his popularity has also come other issues like counterfeiting, fake holders.... I think this is what has hurt his recent sales; otherwise his cards should only be on an upward trajectory.
Yes, I think the timing of Jordan's career versus older all-time greats is the key. With so much video of Jordan available on Youtube (and by contrast so little of guys that played in the 1970s or before), today's youth can still be awed by how great Jordan was. I find my 9 year-old son and his friends watching Jordan highlights on their iPad all the time....and they have recognized him in his Hanes underwear commercials for years.
DP, I appreciate that you used a Rose RC as an example. I'd urge you once again to go study the movement of this card in higher grades. I was just studying the recent history on Rose RC 8.5 while trying to figure out how the card takes such a dramatic plunge in value over a few months and ends up in a December Pick-ups thread.
Kind of amazing that two sold a little over a month apart at the exact same price and the exact same under bidder. $18,988 is a far cry from the one that went for like 41k.
If you picked one up nice going. I loved Pete Rose growing up and it was an incredible thrill to meet him at an Orlando Magic game and he had a stack of signed 5x7 he was giving out as people rushed his seat.
I love the Rose! I owned the 10 at one point a couple of years ago and recently started buying rose again after he fell back down to earth. I picked up the nice 8.5 in November at Heritage and looks super nice!
The probstein123 8.5 that sold for 11k in February was mine. The buyer flipped it for 41k with PWCC so he was probably surprised that it hit 40k and so was I to say the least. That did sting a little because I had no idea a buying group was about to hit and spend crazy amounts of money around May-August. Good news was that I had (6) Psa 8's, (2) 7.5, (3) 7's and got something like 100k+ for those. I know a board member sold his 9 right befor the summer for 30k then they hit 100k+ I wonder what a 9 would go for now?
I recall reading in the past that now EBAY allows for returns for long periods something like 90 days or 180 days for little or no reason. If this is the case I wonder if some buyers who are sitting on cards with large losses will try and return them and attempt to nullify their sales. Anyone have any thoughts on this?
@Dpeck100 said:
I recall reading in the past that now EBAY allows for returns for long periods something like 90 days or 180 days for little or no reason. If this is the case I wonder if some buyers who are sitting on cards with large losses will try and return them and attempt to nullify their sales. Anyone have any thoughts on this?
>
From my experience it's:
eBay: 30 days
PayPal: 180 days
But only if it's not as decribed in some way not buyers remorse.
I did have a buyer who bought over the summer and could now pick up the same card for way less try and return it. He opend a case and lost then he field a charge back and lost that also so if it's buyers remorse your probably out of luck.
@Dpeck100 said:
I recall reading in the past that now EBAY allows for returns for long periods something like 90 days or 180 days for little or no reason. If this is the case I wonder if some buyers who are sitting on cards with large losses will try and return them and attempt to nullify their sales. Anyone have any thoughts on this?
That is crazy. I know this is a hobby, but for those that invest, what other investment vehicle can you purchase, wait 180 days to see if it goes up or down (free look), then decide to make claim for a refund when the sh** hits the fan.
Collecting PSA 9's from 1970-1977. Raw 9's from 72-77. Raw 10's from '78-'83. Collecting Unopened from '72-'83; mostly BBCE certified boxes/cases/racks. Prefer to buy in bulk.
Comments
I remember back in the day when the pit.com had charts of cards attempting to mimic their moves like stocks.
A Jordan if graphed when it was on its run looks just like this.
http://stockcharts.com/h-sc/ui
Not sure if the symbol translates but it is NVDA. Put it on a 1 year chart and you will see the distinct correlation. The stock market is dramatically different than cards as obviously you can play up or down and be long or short a stock or use a derivative like options to participate. That said the simple point is when momentum reaches extremes larger corrections happen.
I think far too many people think they have the card game figured out from prior past success. A rising tide makes a lot of people look smart and a falling market can make the same people look very stupid. I doubt if you asked one long time card dealer in lets say the middle of last year if they thought what we witnessed this year would or could happen and I doubt any would have said yes. If you go back to the 1999 time frame of the stock market there were plenty of seasoned vets that thought what was taking place was crazy. On the flip side for every one of them there were tons of beginners like me who jumped on rocket ships and enjoyed the ride. In the end when things settled out very few of the companies that experienced incredible run ups ever went higher. Some it took 15 years to make it back to those levels and an even greater number are no where close or went out of business. Predicting the card market with any real accuracy is tough no matter how long or how smart one thinks they are. If you buy quality and sit on it over time you have been rewarded and that probably remains true to this day. That said there are probably some transactions out there that took place where the buyer is sitting on a goose egg. I know a collector from the boards who sold a PSA 8 Rose for 18k. It is safe to say he got the better side of that transaction.
And by the way. i certainly couldn't have predicted that NVDA would plunge 10 points in the first hour of trading but was lucky enough to be in the right place at the right time. It will go lower though is my bet over the next few weeks.
Yes, I think the timing of Jordan's career versus older all-time greats is the key. With so much video of Jordan available on Youtube (and by contrast so little of guys that played in the 1970s or before), today's youth can still be awed by how great Jordan was. I find my 9 year-old son and his friends watching Jordan highlights on their iPad all the time....and they have recognized him in his Hanes underwear commercials for years.
DP, I appreciate that you used a Rose RC as an example. I'd urge you once again to go study the movement of this card in higher grades. I was just studying the recent history on Rose RC 8.5 while trying to figure out how the card takes such a dramatic plunge in value over a few months and ends up in a December Pick-ups thread.
Kind of amazing that two sold a little over a month apart at the exact same price and the exact same under bidder. $18,988 is a far cry from the one that went for like 41k.
If you picked one up nice going. I loved Pete Rose growing up and it was an incredible thrill to meet him at an Orlando Magic game and he had a stack of signed 5x7 he was giving out as people rushed his seat.
Yes. Amazing.
I love the Rose! I owned the 10 at one point a couple of years ago and recently started buying rose again after he fell back down to earth. I picked up the nice 8.5 in November at Heritage and looks super nice!
The probstein123 8.5 that sold for 11k in February was mine. The buyer flipped it for 41k with PWCC so he was probably surprised that it hit 40k and so was I to say the least. That did sting a little because I had no idea a buying group was about to hit and spend crazy amounts of money around May-August. Good news was that I had (6) Psa 8's, (2) 7.5, (3) 7's and got something like 100k+ for those. I know a board member sold his 9 right befor the summer for 30k then they hit 100k+ I wonder what a 9 would go for now?
.
I recall reading in the past that now EBAY allows for returns for long periods something like 90 days or 180 days for little or no reason. If this is the case I wonder if some buyers who are sitting on cards with large losses will try and return them and attempt to nullify their sales. Anyone have any thoughts on this?
>
From my experience it's:
eBay: 30 days
PayPal: 180 days
But only if it's not as decribed in some way not buyers remorse.
I did have a buyer who bought over the summer and could now pick up the same card for way less try and return it. He opend a case and lost then he field a charge back and lost that also so if it's buyers remorse your probably out of luck.
Glad to hear that. I hate sore losers.
Or sore winners.
Dont forget international power...jordan has much more broader appeal than baseball greats
That is crazy. I know this is a hobby, but for those that invest, what other investment vehicle can you purchase, wait 180 days to see if it goes up or down (free look), then decide to make claim for a refund when the sh** hits the fan.
Collecting Unopened from '72-'83; mostly BBCE certified boxes/cases/racks.
Prefer to buy in bulk.
Make sure you follow the claim process closely. It can take a long time and require a lot of documents if there is a decent amount of money involved.
I've stopped selling high dollar stuff myself and just consign it out. The extra % is worth it for avoiding the headaches.