File This Under Buyer Beware

I get it, Stephen Strasburg is hot all around the hobby. Pulling one of his autos out of a box of 2010 Bowman is equivalent to a nice payday for most people. Its gotten to that level, as seen by some recent sales/presales of his cards from the product. However, cards like this one dont fall under prospecting anymore, as the prices are are so high that I cant condone anyone even thinking about buying now.

For those of you who dont get it, Prospecting is the practice of buying unproven players at low prices and selling them after call up for higher ones. Most good prospectors focus on a handful of players that they find to have good potential to make the big leagues, and then buy a few lots of their cards to grade and then stash for their big debut. The key focus of this practice is taking advantage of a team’s fans looking to buy the rookie card of the most recent addition to the squad. Buying low, selling high(er) is the mantra, and whoever thinks that paying this much for Strasburg is going to get them any money back on a prospecting investment is going to be sadly mistaken.
I realize that buying these cards may actually be more about the A) rarity of the card or B) popularity of the player for a team that has NO ONE else, but I actually believe a lot of these huge spikes are from buyers who think they are about to get in on the next big thing before it (he) happens. The problem with that is pretty easy to explain, especially considering who the first pick in this year’s draft is going to be, and which team he will play for. First, Strasburg plays in a black hole of hobby value, as Washington is a terrible place to invest any money. Look at players like Ryan Zimmerman. Like Bradford with the Rams, the Nationals are terrible, and I doubt that will change anytime soon. Strasburg could end up like Tim Lincecum and put together a few Cy Youngs, but the Nationals have a much smaller following than the Giants. Add in that Lincecum’s cards are still selling at relatively the same price as Strasburg’s are now, and you have to wonder what the odds are that they are going to end up at similar platforms of performance.
Rather than being the next Johan Santana, Strasburg could also end up like Mark Prior, as fire-ballers have more of a propensity to burn out quickly. Because of this fact, there is zero reason to invest now while things are as high as they are rather than later when he has a few years under his belt. If Strasburg had lower sell values and didnt cost a car payment to obtain, it may be a little different.
This is a similar situation with Starlin Castro and Jason Heyward, as both players have played above their pay grade for the first few weeks of the season. People are using this small sample size as an indicator of of things to come, which has led to huge prices. Im not saying that either will or will not continue on the pace that they are on, just that it isnt worth spending hundreds now when they are at their peak.
I remember when Adrian Peterson hit his peak after his NFL record rushing game. It was a feeding frenzy of people trying to get in on the 84th floor rather than the ground floor. I had been buying Peterson cards as a Vikings fan all year, and all of a sudden I was faced with triple prices from people who were trying to invest. His values have remained high, but no where near where they were. This is a guy who has been one of the best at his position since that time frame, what about those that havent replicated that initial success?
Strasburg could have a great career, but he may also have a junk career. Investing in him at these prices is way too big of a risk to take, especially with Bryce Harper coming along next year. There is always a next big thing, but there have only been one Albert Pujols and one Alex Rodriguez. If it were 20 bucks, hell, go nuts, but this is a TON of money. Buyer beware.

Flipping a Huge Pull

The Mark Sanchez SP Authentic Logo that was sold recently is back on eBay, and I am not sure why someone decided this was a good idea. Why buy the card for $2600+ if you are just going to turn it around and sell the next day? In fact, the same thing has happened a number of times for a lot of the big pulls like this, and many of them did not sell for low prices.

Really, its not like these cards are 200 dollar cards that you can turn around and sell for 500 bucks. These are cards with ENORMOUS price tags on them that really have ZERO upside for gaining value.
I guess some people just like the thrill of being hobby day traders with tons of money. You would think that if they have just spent the price of a small car, it would be for something they very much want to keep. Not in this case, though.

Talk About A Ridiculous Price For A Ridiculous Pull!

Over the last few years, SP Authentic has offered a cool chase card for the buyers of the product. Basically, for each of the last few sets, there has been one or two redemptions per year that offer a complete set of low numbered rookie patch autos for the lucky person that pulls the card.

This year, the person wisely put it up for auction and let it run. To say that the ending price is a little surprising is like saying the Happening was just “a bad movie.”
After getting news of Upper Deck’s settlement yesterday, I have been assured that all will remain the same, however, investing thousands in a redemption is still risky regardless. I would maybe have thought twice about this one, just because of the shear price of it.
Oddly enough, many people are speculating that the hand numbered “platinum” rookie patch autos numbered to five, were actually supposed to be this redemption’s reward. Im not sure if that is actually the case, but it seems like that would have been the case for previous incarnations of this chase.

This Just Made My Day!

I just found out that someone has actually taken the time to start a blog as a rebuttal to SCU. That is too awesome for words. Im truly flattered, and very curious as to why someone has that much time on their hands.

I guess one has done something right when they have pissed off a guy so much, they start something completely devoid of any other purpose than to criticize every word you say. I love it!
I mean, I would completely understand if this person started a blog to post stuff contrary to the opinions I state, but to piggyback on my stuff? He must be really desperate for a gimmick to get visitors. Eh, ill stop feeding the Troll, I’m sure they have enough ammo already with 998 posts and counting.
One thing though. Since this person breaks everything down paragraph by paragraph, I guess I now need to put apostrophes in everything if I want to avoid those arrogant (sic)s they use for some reason. I didnt (sic) know that missing contraction marks were such a big deal to the grammar police. They must be a captain or something.
Well, if you hate me and this site, this new blog is your Graceland. Have a good time. Tell ’em I sent you.