Originally Posted by
TucsonJohn
Did Simon vgcs at 2 WM tonight, $300 MO @ $75/swipe. Will try $95 tomorrow. Also tonight, able to get a $700 MO at Fry’s and $500 MO at Albertsons, both 1 swipe.
I think that this post illustrates my concern about SMGCs.
When a very popular method of liquidation is eliminated, the flow goes to other less active venues....think of it like an accident on a freeway that causes the neighborhood roads around it to get clogged with traffic.
Once all these supermarkets suddenly start to get flooded with people buying MOs with "debit cards
", then the word is going to get out that something is happening and then the screws are going to be tightened in these formerly accessible and friendly venues.
How long will that take??? I have no idea but I am going to be playing my hand close to the vest when it comes to buying any GCs that require liquidation.
