@Wabbit2313 said:
When you crack a nice CAC older holder and the grade goes down 2 points, something is wrong, and we stop submitting coins. I am also not a fan of being forced to take the TrueView and Gold Shield service on my $65 service level. Why do I not want the TrueView on every coin? Sometimes they exaggerate insignificant marks and when I sell the coin, it is presented in a bad light, against my choice. Sometimes the coin looks too good on the TrueView. I should be able to choose if I want someone to present MY coin the way they think is best.
I wonder if Phil would yank a True View if asked to do so.
@FadeToBlack said:
If I hadn't loaded up on AAPL to the tune of 20% of my port at $158ish I'd be looking at this right now.
I'll take the company with 1/4 trillion in cash and a license to print money, though, over CLCT.
Totally agree but it's fun to day trade & make a few bucks.
I'm tied up on both aapl & amzn otherwise I would've bought more than 1.200 shs.
You can also day trade, and it's not fun to lose your ***. That's what happens to 90% + of day traders. I've yet to see one of them make any money. And I do their income tax returns, so I see it all.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
@FadeToBlack said:
If I hadn't loaded up on AAPL to the tune of 20% of my port at $158ish I'd be looking at this right now.
I'll take the company with 1/4 trillion in cash and a license to print money, though, over CLCT.
Totally agree but it's fun to day trade & make a few bucks.
I'm tied up on both aapl & amzn otherwise I would've bought more than 1.200 shs.
You can also day trade, and it's not fun to lose your ***. That's what happens to 90% + of day traders. I've yet to see one of them make any money. And I do their income tax returns, so I see it all.
Day trading stocks truly is a sucker's game. Quick example, a bankroll of say $1,000 at $10 a trade - after 100 trades, the trader has automatically lost their entire bankroll. And that's not even the worst factor in losing money at day trading.
Frankly for a number of reasons, I think CLCT is a good long term buy, considering the stock price right now and other qualitative factors. It could dip a little further depending on the market in general, but in my opinion the risk/reward ratio at the current price is a good fit in any well balanced portfolio.
Any one paying $10 for a trade as day trader deserves to go bust. CLCT is not a great DT stock as the spreads are too large and the volume too light. On DT’s you need bigger positions. CLCT might be ok for swing trading
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@Justacommeman said:
Any one paying $10 for a trade as day trader deserves to go bust. CLCT is not a great DT stock as the spreads are too large and the volume too light. On DT’s you need bigger positions. CLCT might be ok for swing trading
For over a decade, the reason the stock was so high was the dividend. Now the dividend has been slashed. I’m afraid I just don’t subscribe to your logic....
@Justacommeman said:
Any one paying $10 for a trade as day trader deserves to go bust. CLCT is not a great DT stock as the spreads are too large and the volume too light. On DT’s you need bigger positions. CLCT might be ok for swing trading
m
You could day trade CLCT when the volume is there, in example, after the div cut. It's certainly not as stable as day trading a heavy volume stock though, that's for sure. You don't need a big position, really, to day trade. My average position is like $8k for day trading and I do alright.
If you have a real, sustainable edge there are companies that will lever you 10:1 and let you keep 80% of the profits.
Why would the good ones, presumably having a strong foundation in math, need somebody to do their taxes for them?
>
You would be amazed at how many people think they know how to do their taxes or use online software and leave tons of money on the table. I amended a return last week for a client who used TurboTax and I got him 6k more. Math is the least of it. My calculator does all my math for me. The laws and rules are constantly changing and many people who are probably much smarter than me know they don’t have the time or desire to keep up with all the changes.
For over a decade, the reason the stock was so high was the dividend. Now the dividend has been slashed. I’m afraid I just don’t subscribe to your logic....
Well, a correction is a correction, like a calibration. And while the entire market saw some corrections recently, I still like to own a few of the tools I work with. Maybe that's not logical, but it's my reasoning.
I think the $10 number is both the in and out commissions. Fidelity is $4.95 each side. I've been a light day trader in VIX related funds. You have to be both quick and not greedy to succeed. Take a profit, wait for the inevitable drop, buy back in with more shares, repeat often. It's either that or blackjack with probably the same results. If you're good enough, eventually you can take your original stake out of the equation and play only with house money. In the end, you have be prepared to lose it all, so don't use the rent money...
@Justacommeman said:
Any one paying $10 for a trade as day trader deserves to go bust. CLCT is not a great DT stock as the spreads are too large and the volume too light. On DT’s you need bigger positions. CLCT might be ok for swing trading
m
You could day trade CLCT when the volume is there, in example, after the div cut. It's certainly not as stable as day trading a heavy volume stock though, that's for sure. You don't need a big position, really, to day trade. My average position is like $8k for day trading and I do alright.
Sure you could always do earnings plays every quarter but that’s four days a year. When I did this for a living I liked trading in and out of the same few stocks several times a day and I closed every trade every night. I wouldn’t trade anything unless there was tons of volume and some volatility.
Mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@FadeToBlack agree as stated. Need tons of volume. I liked to DT in stocks with 1million shares of more of ave daily volume. Volume on the one minute at off of support or resistance was as complex as my charting got. I liked to DT trade with the tide
@MrEureka the problem is getting out of the trade with big spreads before close or if at all. Especially with small volume. Day trades are exactly that. When doing it for a living I wanted a .01 spread and would need to put at least 100K into each trade. I was looking for a 1 to 1.5% profit. Losses at .75 to 1.0% It worked for me but I’m sure others have different methodologies
Mark
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@Justacommeman said:
Any one paying $10 for a trade as day trader deserves to go bust. CLCT is not a great DT stock as the spreads are too large and the volume too light. On DT’s you need bigger positions. CLCT might be ok for swing trading
m
Robinhood charges $0000 commission buy, sell.
The bid/ask differentials are the real killers in day trading...eats a bankroll alive. The more you trade, the sooner you'll go broke.
Churn 'em and burn 'em is the day trading firms unwritten business model.
The bottom line to day trading - it's impossible to predict herd mentality...don't allow any day trading firm advertising to fool you otherwise.
Buy stocks for the long term which have good product fundamentals and a good company management team...that's the way you make money in the stock market.
@Justacommeman said:
Any one paying $10 for a trade as day trader deserves to go bust. CLCT is not a great DT stock as the spreads are too large and the volume too light. On DT’s you need bigger positions. CLCT might be ok for swing trading
m
Robinhood charges $0000 commission buy, sell.
The bid/ask differentials are the real killers in day trading...eats a bankroll alive. The more you trade, the sooner you'll go broke.
Churn 'em and burn 'em is the day trading firms unwritten business model.
Thats why you go where the volume is. Bid/ask spreads are fractions of a cent.
Let's be honest, if half a cent 100 times is gonna make or break you, you aint doin it right.
If you're doing well, then more power to ya.
For sure, there are countless thousands of day trading firm employees and executives, and countless dollars these firms spend on advertising which is non-stop everywhere. Somebody is paying for all that, and that somebody is the day traders.
Back to clct which usually meant a thread poof. No longer.
Long ago when CLCT had the big dividend and a share price below 17-18, one longacre asked "how's the cash flow?"
I replied with something like "frightening."
That was years ago and so many payments later.
Perhaps it was a slow bleed on an overcapitalization. I don't know the reasoning.
Right now, for those liking the dividend, I recommend examining the cash flow and the statement regarding the earnings miss and dividend cut to find a hint of the future of the current dividend.
@Justacommeman said:
Any one paying $10 for a trade as day trader deserves to go bust. CLCT is not a great DT stock as the spreads are too large and the volume too light. On DT’s you need bigger positions. CLCT might be ok for swing trading
I wouldn't do day trading, too many sharks that will eat your lunch. Inexperienced traders need to have real expertise looking over your shoulder, that's the problem with discount brokers, they won't kibbitz. Just don't gamble with non-marginable stocks, or put at risk more than you can afford to lose.
@FadeToBlack said:
If I hadn't loaded up on AAPL to the tune of 20% of my port at $158ish I'd be looking at this right now.
I'll take the company with 1/4 trillion in cash and a license to print money, though, over CLCT.
Totally agree but it's fun to day trade & make a few bucks.
I'm tied up on both aapl & amzn otherwise I would've bought more than 1.200 shs.
You can also day trade, and it's not fun to lose your ***. That's what happens to 90% + of day traders. I've yet to see one of them make any money. And I do their income tax returns, so I see it all.
Why would the good ones, presumably having a strong foundation in math, need somebody to do their taxes for them?
Plenty of people make money day trading. It's all pattern recognition and self discipline. Cut your losers fast, ride your winners.
Keep telling yourself that plenty of day traders make money as you go broke. There's a good reason why whenever some wins big in the lottery or at keno, it get a lot of press. It just encourages those who don't know any better to **** away their money on these legalized scams.
Being good at math has nothing to do with the Internal Revenue Code. I shouldn't have to explain this to you.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
I going to buy 25 more shares once it reaches $15.54, which is what I bought it at originally 2+ yrs ago. I already put the order in my Scottrade acct.
One might want to wait until it starts yielding close to 6%. That’s a ways away
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@Wabbit2313 said:
I am waiting for them to start grading my coins better than 1 or 2 grades below Rattlers. When that starts happening, I'll report the "all clear".
I’m hoping the last quarter results are going to make them loosen up. Undergrading is just as bad as overgrading. I just sent in a few submissions hoping they’ll catch on. If not, I won’t renew and will sit on what remains of my coins and keep them raw. I know of many other collectors that feel the same way that I do. If they keep this up, the stock will plummet even more next quarter. If only PCGS would throw a few bones to renew interest...
High past dividends favored major stockholders with much lower Fed and state tax rates versus the same as salary. Historic cashflow and EBTA (earnings before interest, taxes and amortization) did not support large dividends. But investors much make their own decisions based on analysis and projected performance.
I am happy to say I got out of CLCT about 30 days ago. I really didn’t think the dividend was sustainable. No, not saying I’m a genius, just lucky selling then.
Seated Half Society member #38 "Got a flaming heart, can't get my fill"
High past dividends favored major stockholders with much lower Fed and state tax rates versus the same as salary. Historic cashflow and EBTA (earnings before interest, taxes and amortization) did not support large dividends. But investors much make their own decisions based on analysis and projected performance.
That is with the assumption that the dividend at this level is sustainable, I'll be surprised if this is the last reduction in div.
@Catbert said:
I am happy to say I got out of CLCT about 30 days ago. I really didn’t think the dividend was sustainable. No, not saying I’m a genius, just lucky selling then.
@cameonut2011 said:
I guess it is time for them to loosen up again. I think submitters are getting tired of of overcorrection. Almost> @cameonut2011 said:
@Wabbit2313 said:
I am waiting for them to start grading my coins better than 1 or 2 grades below Rattlers. When that starts happening, I'll report the "all clear".
I’m hoping the last quarter results are going to make them loosen up. Undergrading is just as bad as overgrading. I just sent in a few submissions hoping they’ll catch on. If not, I won’t renew and will sit on what remains of my coins and keep them raw. I know of many other collectors that feel the same way that I do. If they keep this up, the stock will plummet even more next quarter. If only PCGS would throw a few bones to renew interest...
I don’t think adjusting their grading due to their stock price will renew investor interests. I actually think they have slowly demoralized some of their collector base with their swings in grading and gradflation (which they are attempting to correct).
I don’t think adjusting their grading due to their stock price will renew investor interests. I actually think they have slowly demoralized some of their collector base with their swings in grading and gradflation (which they are attempting to correct).
As long as practices generate sufficient revenue, I don’t think investors will care. As far as collectors, it is too little too late and won’t make up for the last several years. How do you think those collectors are going to feel when their coins are coming back 1-2 points lower and are now priced with overgraded garbage that became the norm from a few months ago? Once you’ve peed in the pool, it is a little late to worry about offending your poolmates. Trying to compensate with overly harsh and over used chemicals will only irritate swimmers even more.
Once you’ve peed in the pool, it is a little late to worry about offending your pool mates. Trying to compensate with overly harsh and over used chemicals will only irritate swimmers even more.
Good job not mixing the metaphors! A rare thing these days.
Comments
Yield now 3.97%
I wonder if Phil would yank a True View if asked to do so.
A photo of every slab might make some coins look unduly bad
You can also day trade, and it's not fun to lose your ***. That's what happens to 90% + of day traders. I've yet to see one of them make any money. And I do their income tax returns, so I see it all.
"Seu cabra da peste,
"Sou Mangueira......."
Day trading stocks truly is a sucker's game. Quick example, a bankroll of say $1,000 at $10 a trade - after 100 trades, the trader has automatically lost their entire bankroll. And that's not even the worst factor in losing money at day trading.
Frankly for a number of reasons, I think CLCT is a good long term buy, considering the stock price right now and other qualitative factors. It could dip a little further depending on the market in general, but in my opinion the risk/reward ratio at the current price is a good fit in any well balanced portfolio.
Any one paying $10 for a trade as day trader deserves to go bust. CLCT is not a great DT stock as the spreads are too large and the volume too light. On DT’s you need bigger positions. CLCT might be ok for swing trading
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Robinhood charges $0000 commission buy, sell.
Buy on the dip. It's a gift.
For over a decade, the reason the stock was so high was the dividend. Now the dividend has been slashed. I’m afraid I just don’t subscribe to your logic....
If you have a real, sustainable edge there are companies that will lever you 10:1 and let you keep 80% of the profits.
>
You would be amazed at how many people think they know how to do their taxes or use online software and leave tons of money on the table. I amended a return last week for a client who used TurboTax and I got him 6k more. Math is the least of it. My calculator does all my math for me. The laws and rules are constantly changing and many people who are probably much smarter than me know they don’t have the time or desire to keep up with all the changes.
My Ebay Store
Everyone seemed to skip the line that said US Mint sales were much lower, why was that? I thought the flood from there was continuing.
Well, a correction is a correction, like a calibration. And while the entire market saw some corrections recently, I still like to own a few of the tools I work with. Maybe that's not logical, but it's my reasoning.
I think the $10 number is both the in and out commissions. Fidelity is $4.95 each side. I've been a light day trader in VIX related funds. You have to be both quick and not greedy to succeed. Take a profit, wait for the inevitable drop, buy back in with more shares, repeat often. It's either that or blackjack with probably the same results. If you're good enough, eventually you can take your original stake out of the equation and play only with house money. In the end, you have be prepared to lose it all, so don't use the rent money...
Sure you could always do earnings plays every quarter but that’s four days a year. When I did this for a living I liked trading in and out of the same few stocks several times a day and I closed every trade every night. I wouldn’t trade anything unless there was tons of volume and some volatility.
Mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Seems to me a big spread creates an opportunity for a good day trader to effectively act as a market maker, which should be good solid business.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
@FadeToBlack agree as stated. Need tons of volume. I liked to DT in stocks with 1million shares of more of ave daily volume. Volume on the one minute at off of support or resistance was as complex as my charting got. I liked to DT trade with the tide
@MrEureka the problem is getting out of the trade with big spreads before close or if at all. Especially with small volume. Day trades are exactly that. When doing it for a living I wanted a .01 spread and would need to put at least 100K into each trade. I was looking for a 1 to 1.5% profit. Losses at .75 to 1.0% It worked for me but I’m sure others have different methodologies
Mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
The bid/ask differentials are the real killers in day trading...eats a bankroll alive. The more you trade, the sooner you'll go broke.
Churn 'em and burn 'em is the day trading firms unwritten business model.
The bottom line to day trading - it's impossible to predict herd mentality...don't allow any day trading firm advertising to fool you otherwise.
Buy stocks for the long term which have good product fundamentals and a good company management team...that's the way you make money in the stock market.
If you're doing well, then more power to ya.
For sure, there are countless thousands of day trading firm employees and executives, and countless dollars these firms spend on advertising which is non-stop everywhere. Somebody is paying for all that, and that somebody is the day traders.
Back to clct which usually meant a thread poof. No longer.
Long ago when CLCT had the big dividend and a share price below 17-18, one longacre asked "how's the cash flow?"
I replied with something like "frightening."
That was years ago and so many payments later.
Perhaps it was a slow bleed on an overcapitalization. I don't know the reasoning.
Right now, for those liking the dividend, I recommend examining the cash flow and the statement regarding the earnings miss and dividend cut to find a hint of the future of the current dividend.
Robinhood is a great app
I wouldn't do day trading, too many sharks that will eat your lunch. Inexperienced traders need to have real expertise looking over your shoulder, that's the problem with discount brokers, they won't kibbitz. Just don't gamble with non-marginable stocks, or put at risk more than you can afford to lose.
Keep telling yourself that plenty of day traders make money as you go broke. There's a good reason why whenever some wins big in the lottery or at keno, it get a lot of press. It just encourages those who don't know any better to **** away their money on these legalized scams.
Being good at math has nothing to do with the Internal Revenue Code. I shouldn't have to explain this to you.
"Seu cabra da peste,
"Sou Mangueira......."
I once won 15 out of 16 trips to Vegas. Man, did I ever have a money making system. ;-)
And the clct thread degenerated as feared
These threads used to go poof quickly. Now it is close to going poof for infighting.
Back to clct -- how long will the current div remain?
I going to buy 25 more shares once it reaches $15.54, which is what I bought it at originally 2+ yrs ago. I already put the order in my Scottrade acct.
Later, Paul.
I would wait, looks to be going down and doesnt have any good news to change that.
Successful Trades: Swampboy,
One might want to wait until it starts yielding close to 6%. That’s a ways away
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Stick w/sure winners: amzn aapl.
I am waiting for them to start grading my coins better than 1 or 2 grades below Rattlers. When that starts happening, I'll report the "all clear".
I’m hoping the last quarter results are going to make them loosen up. Undergrading is just as bad as overgrading. I just sent in a few submissions hoping they’ll catch on. If not, I won’t renew and will sit on what remains of my coins and keep them raw. I know of many other collectors that feel the same way that I do. If they keep this up, the stock will plummet even more next quarter. If only PCGS would throw a few bones to renew interest...
Hit a new 52 week low today.
Successful Trades: Swampboy,
Would be $9.50/sh @approx 6% yield.
High past dividends favored major stockholders with much lower Fed and state tax rates versus the same as salary. Historic cashflow and EBTA (earnings before interest, taxes and amortization) did not support large dividends. But investors much make their own decisions based on analysis and projected performance.
I am happy to say I got out of CLCT about 30 days ago. I really didn’t think the dividend was sustainable. No, not saying I’m a genius, just lucky selling then.
"Got a flaming heart, can't get my fill"
That is with the assumption that the dividend at this level is sustainable, I'll be surprised if this is the last reduction in div.
Best, SH
Or perhaps "inside info"
I don’t think adjusting their grading due to their stock price will renew investor interests. I actually think they have slowly demoralized some of their collector base with their swings in grading and gradflation (which they are attempting to correct).
Annual dividends are now $.70/sh. Isn't 6% yield a stock price of $11.67?
Lance.
As long as practices generate sufficient revenue, I don’t think investors will care. As far as collectors, it is too little too late and won’t make up for the last several years. How do you think those collectors are going to feel when their coins are coming back 1-2 points lower and are now priced with overgraded garbage that became the norm from a few months ago? Once you’ve peed in the pool, it is a little late to worry about offending your poolmates. Trying to compensate with overly harsh and over used chemicals will only irritate swimmers even more.
Once you’ve peed in the pool, it is a little late to worry about offending your pool mates. Trying to compensate with overly harsh and over used chemicals will only irritate swimmers even more.
Good job not mixing the metaphors! A rare thing these days.
And I agree.
Lance.
closed yesterday @ $15.11
Down .83
or 5.21% drop in one day.
Anyone in at $2?
BHNC #203