Baseball Fans Celebrate Opening Day on thePit.com

- Winning Performances for Gonzalez, Ordonez, Furcal and Clemens -



Apr 03, 2001, 01:00 ET from thePit.com

    WHITE PLAINS, N.Y., April 3 /PRNewswire/ -- Play ball!  Popcorn, peanuts,
 Cracker Jacks and Baseball cards -- baseball season started off with a home
 run for thePit.com (http://www.thePit.com), as fans and collectors nationwide
 celebrated Opening Day by trading the sports cards of their favorite players
 online.  ThePit.com, the first ever-online sports card stock market, recently
 closed a $4 million Series A round of financing raised from a number of angel
 investors.
     "We anticipated a huge turnout of baseball fans coming to the site to
 trade their favorite baseball cards as a result of Opening Day -- and we
 weren't let down," said thePit.com founder and Executive Vice President of
 Operations Lax Chandra.  "Players such as Roger Clemens, Barry Bonds and Juan
 Gonzalez had a great day, and this is only the beginning.  Baseball is a
 162-game season and we have to wait until more games are played to determine
 whose baseball cards will be the hottest this season."
     The game to watch yesterday was the Cleveland Indians vs. Chicago White
 Sox -- a game won by the White Sox, 7-4.  Indians' rightfielder Juan Gonzalez
 hit two home runs in his first game for Cleveland, and his 1991 Fleer Ultra
 Update PSA9 rookie card was up 25%, closing at $27.50.  White Sox star
 outfielder Magglio Ordonez also homered, and his 1998 Bowman Chrome PSA10
 increased 10% to close at $118.50.
     Rafael Furcal's 1999 Bowman Chrome in PSA9 performed well and advanced
 $2.50 to close at $48 while the same card in a PSA10 increased $5.50 and
 closed at $139.  Furcal, who homered and drove in a career-high four runs
 yesterday in the Braves' win over the Cincinnati Reds, also had a pair of
 sacrifice flies, and an RBI single.
     Yankees pitcher Roger Clemens' Topps PSA9 was up $2 and closed at $49
 while San Francisco Giants Barry Bonds' Topps card was up 5% and closed at
 $370.  Clemens, who led the defending champions to their first win, broke
 Walter Johnson's record for AL strikeouts.  Meanwhile Bonds, who hit his
 495th career homer, also threw out Tony Gwynn at home plate as the Giants beat
 the San Diego Padres.
     Opening day wasn't a success for every card on thePit.com.  Jose Canseco's
 1986 Donruss PSA9 was down 15.8% to $34.50 since the player still hasn't found
 a permanent home after the Angels released him at the end of Spring Training.
 Meanwhile, Ken Griffey Jr.'s 1989 Donruss PSA9 was off 10% and closed at
 $31 while his 1989 Upper Deck PSA8 was down 4.5% to $90.50.  Griffey Jr. has
 been injured and struck out in a pinch-hitting appearance.
 
     About thePit.com
     Based in White Plains, NY, thePit.com (http://www.thePit.com) is the
 first-ever online collectibles "stock market" where investors and collectors
 can buy and sell listed, investment-grade collectibles instantly and reliably
 pursuant to bid/ask prices set by market forces.  thePit.com's technology,
 design and content resemble that of an on-line broker, featuring a real-time
 ticker, various "Dow Jones" type indices, historical price graphs, breaking
 industry news, and customized personal portfolios.  In short, thePit.com
 promises to transform the way investors collect and collectors invest.
 Launched in October 2000 as a stock market for sports cards, thePit.com
 features six days of live trading, with the market opening at noon and closing
 at 8:00 p.m. EST.  More information is available at http://www.thePit.com.
 
 

SOURCE thePit.com
    WHITE PLAINS, N.Y., April 3 /PRNewswire/ -- Play ball!  Popcorn, peanuts,
 Cracker Jacks and Baseball cards -- baseball season started off with a home
 run for thePit.com (http://www.thePit.com), as fans and collectors nationwide
 celebrated Opening Day by trading the sports cards of their favorite players
 online.  ThePit.com, the first ever-online sports card stock market, recently
 closed a $4 million Series A round of financing raised from a number of angel
 investors.
     "We anticipated a huge turnout of baseball fans coming to the site to
 trade their favorite baseball cards as a result of Opening Day -- and we
 weren't let down," said thePit.com founder and Executive Vice President of
 Operations Lax Chandra.  "Players such as Roger Clemens, Barry Bonds and Juan
 Gonzalez had a great day, and this is only the beginning.  Baseball is a
 162-game season and we have to wait until more games are played to determine
 whose baseball cards will be the hottest this season."
     The game to watch yesterday was the Cleveland Indians vs. Chicago White
 Sox -- a game won by the White Sox, 7-4.  Indians' rightfielder Juan Gonzalez
 hit two home runs in his first game for Cleveland, and his 1991 Fleer Ultra
 Update PSA9 rookie card was up 25%, closing at $27.50.  White Sox star
 outfielder Magglio Ordonez also homered, and his 1998 Bowman Chrome PSA10
 increased 10% to close at $118.50.
     Rafael Furcal's 1999 Bowman Chrome in PSA9 performed well and advanced
 $2.50 to close at $48 while the same card in a PSA10 increased $5.50 and
 closed at $139.  Furcal, who homered and drove in a career-high four runs
 yesterday in the Braves' win over the Cincinnati Reds, also had a pair of
 sacrifice flies, and an RBI single.
     Yankees pitcher Roger Clemens' Topps PSA9 was up $2 and closed at $49
 while San Francisco Giants Barry Bonds' Topps card was up 5% and closed at
 $370.  Clemens, who led the defending champions to their first win, broke
 Walter Johnson's record for AL strikeouts.  Meanwhile Bonds, who hit his
 495th career homer, also threw out Tony Gwynn at home plate as the Giants beat
 the San Diego Padres.
     Opening day wasn't a success for every card on thePit.com.  Jose Canseco's
 1986 Donruss PSA9 was down 15.8% to $34.50 since the player still hasn't found
 a permanent home after the Angels released him at the end of Spring Training.
 Meanwhile, Ken Griffey Jr.'s 1989 Donruss PSA9 was off 10% and closed at
 $31 while his 1989 Upper Deck PSA8 was down 4.5% to $90.50.  Griffey Jr. has
 been injured and struck out in a pinch-hitting appearance.
 
     About thePit.com
     Based in White Plains, NY, thePit.com (http://www.thePit.com) is the
 first-ever online collectibles "stock market" where investors and collectors
 can buy and sell listed, investment-grade collectibles instantly and reliably
 pursuant to bid/ask prices set by market forces.  thePit.com's technology,
 design and content resemble that of an on-line broker, featuring a real-time
 ticker, various "Dow Jones" type indices, historical price graphs, breaking
 industry news, and customized personal portfolios.  In short, thePit.com
 promises to transform the way investors collect and collectors invest.
 Launched in October 2000 as a stock market for sports cards, thePit.com
 features six days of live trading, with the market opening at noon and closing
 at 8:00 p.m. EST.  More information is available at http://www.thePit.com.
 
 SOURCE  thePit.com