In this newsletter Chuck took his spec column to a whole new level. He was confident in his speculating skills more than ever.
This makes a great introductory to what actually happened with comic speculating in its infant years:
This "magic" that got Chuck all excited was actually the overwhelming response from buyers like myself who were, by now, FULLY into this new hobby - investing in modern comic books!
And those titles he quoted as heating up were nothing but duds. Sure, as a wholesaler buying 10k JLI #1 at cost and flipping them the next week for $3 was probably a lucrative purchase (BTW, JLI #1 never really heated up), but for an average comic book buyer like myself this wasnt even an option since you really didnt have an outlet to sell back then unless you had a store (or a booth at a con). So the only real winners for buyers back then were your long term buy+hold investment books, which so far, havent manifested on Chuck's watch (spoiler alert - they wont in the future either )
On another note, this month was a month that alot of titles were cancelled, Marvel cancelled Semper Fi, DC cancelled C.O.P.S., LOSH & Haywire, and Comico, presumably at the request of DC, cancelled Fish Police, Maze Agency, Trollords, Trouble With Girls & Justice Machine Annual #1. But many flagship titles (Batman, X-Men, ASM) were now offered twice a month. Also notice the increasing titles with a hefty 3.95-4.95 price tag. Yup, the big two were on to something.
On to this months big winners, but not before a word of advice from Chuck: (as always, I've highlighted the more entertaining parts)
My god, he bought 500 copies of Punisher movie #1 at the punishing price of 4.95. Even by TODAY'S standards that is a bad spec, and that says ALOT. I guess he really thought theres a chance for it to be a hit as he said, while on the other hand he ordered only 100 of Batman movie adaptation since he KNEW the movie would fail. I dont think he could've been more wrong
Well, wish I wouldve bought his entire stock of 300x ASM #298 at $3 a pop. But as he says... Not guts, no glory
Till next time