$CLCT A Super-Beneficiary of the COVID era: MEGA-LONG!$CLCT is the company in charge of PSA grading services and other sports memorabilia authentication.
Throughout COVID, the card market has done nothing but skyrocket. There is plenty of reason to thank stimulus checks, ample free time, and ample boredom: To drive impulse spending of the last $1200, some of which people put entirely into the "card hobby." Resulting from this, PSA auth services are BACKLOGGED, and it is trying to hire new authenticators... B/C THE DEMAND, now GREATLY EXCEEDS, the supply (of graders, in this case).
Collectors Universe should be a VERY STRONG LONG, and until the mania subsides in sports collectibles (**IF** it does, that is)...this stock is shaping up to be one of the major players in an alternative investment play of many (cards).
The sharp rise through COVID is now taking a turn sharper-still towards an uptick. It suggests there could be a parabolic gain by CLCT in the near future. The market on cards is only getting stronger, and many warn of a bubble. But that bubble also is one that might pop in the *very* distant future.
It has been ramping up with many other alternative investors (sneaker hawks in this case) moving in to capitalize on secondary market sales of retail products (by Panini, Topps, etc). Some retail products sell easily marked up over 400 to 500 percent, and anyone who leaves THAT on the shelf just does not like money! The fact it is now breaking out of a long-established channel to rise even higher is nothing but a great sign, and today's sideways action is leaving a golden entry for those who want in on this long...
LONG CLCT, and good luck!
-BDR
CLCT
$CLCT Looks To Have Topped Out$CLCT looks set to fall to the $22 support level, right where the 200 day moving average is. The stock has multiple tops at the $30 level and what can't go higher, must go lower. After all, $CLCT is up 129% ytd and we expect nervous longs to book profits.
Collectors Universe, Inc. provides authentication and grading services to dealers and collectors of coins, trading cards, event tickets, autographs, and historical and sports memorabilia in the United States. The company operates through three segments: Coins, Trading Cards, and Autographs and Other Collectibles. It also publishes magazines that provide market prices and information for various collectibles and high-value assets that are accessible on its Websites. In addition, the company sells advertising; operates an online market for graded collectible coins for dealers on subscription basis; and promotes, manages, and operates the Long Beach Coin shows. It serves dealers, collectors, and retail buyers and sellers of collectibles. The company was founded in 1986 and is headquartered in Santa Ana, California.
As always, use protective stops and trade with caution.
Good luck to all!
