Hoarding

The only thing that has been steady is the computer components with very minor fluctuations. Follow the buyers prices on here, ewasteds just changed his pricing with only a couple of prices moving. That last change was from posted prices from June 1. I think he only updated them on July 5 or 6. The metal markets having been changing weekly and as far as light steel sometimes daily. I will take my chances and hold onto the pm's as long as I can. Have plenty of steel to separate and towers to tear down.

Originally Posted by freonjoe

I'm not a fan of hoarding. Sitting on capital hoping the market goes up versus selling and re-investing in the business seems like a no-brainer. I constantly adjust the prices I pay as the market moves to keep the same profit margin.

Thanks Joe. I needed someone to say it in a manner that makes sense to me. Every piece of scrap I bring in is free money and I forget that sometimes.