
BCS National College Football Championship Ticket prices skyrocket as short sellers try to cover orders for tickets they did not have and speculated that they could buy the tickets in for less than they sold te tickets for. Right now Thursday morning tickets are trading for $3500 CASH ..as in COD come pick them up for upper level seating and better seats are selling for $6,000 to 10,000 each.
Why did this happen? Major ticket brokers short sell tickets just like stock brokers short sell stocks, and there is a huge short squeeze going on right now with Stubhub the largest player in selling zone tickets ( short selling) telling their largest ticket broker suppliers to produce the tickets you promised or We will go into the marketplace and fill the orders and then sue you for the losses We incur filling the ticket orders.
Will BCS ticket prices stay this high..my GUESS No.. buyers and sellers will fill the orders, and also pay some people not to go to the game taking pressure off the makret as less unfilled orders are left, it will be fun to watch this story develop. stay tuned We will have more on this issue growing BCS ticket scandal later today.
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