in order to sell, doesn't there have to be someone willing to buy?

GreatCaesarsGhost

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Mon Sep-29-08 02:41 PM
Original message

in order to sell, doesn't there have to be someone willing to buy?

Edited on Mon Sep-29-08 02:45 PM by GreatCaesarsGhost

who's buying these stocks that people are selling off?

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Speck Tater

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Mon Sep-29-08 02:45 PM
Response to Original message

1. There are "specialists" who are obligated to buy when nobody else will.

This is to maintain an orderly market. This is part of the price they pay for the privilege being on the floor of the NYSE, right in the action.

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GreatCaesarsGhost

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Mon Sep-29-08 02:53 PM
Response to Reply #1

2. Thanks.

i guess they can either make money when the prices go up or take a hit when they continue to drop.

what happens when they have no more money to buy?

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Fri Apr 26th 2024, 01:41 AM
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