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<p>[QUOTE=&quot;Catbert, post: 521672, member: 12718&quot;]From Laura Sperber&#039;s Long Beach Market Report:</p><p>&nbsp;</p><p><i>There are several things happening on the wholesale level that hurt dealers and even the over all market. They are:</i></p><p>&nbsp;</p><p><i><b>*The grading services have tightened up and killed off several coin doctors and seriouly wounded the crack out game. The crack-out dealers typically are the strongest buyers at a show.</b></i></p><p>&nbsp;</p><p><i>*Wholesalers always slow down long after retail dealers. They simply do not have as many orders to fill thus they cut back buying.</i></p><p>&nbsp;</p><p><i>*Bad cash management. A few dealers have had their credit lines pulled. Or, they are in denial and refuse to sell inventory at the new levels.</i></p><p>&nbsp;</p><p><i>*Two major “bottom feeder” dealers are having financial problems and can’t serve as a clearing house for low end material. For expensive “puke” as we all like to call it, there is no more easy outs at a profit. in fact even at a steep discount there is no where to go in dealer land with puke. That costs everyone money.</i></p><p>&nbsp;</p><p><a href="http://www.coinlink.com/News/commentary-and-opinion/the-long-beach-show-legends-market-report-feb-2009/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinlink.com/News/commentary-and-opinion/the-long-beach-show-legends-market-report-feb-2009/" rel="nofollow">http://www.coinlink.com/News/commentary-and-opinion/the-long-beach-show-legends-market-report-feb-2009/</a>[/QUOTE]</p><p><br /></p>

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