The Crash of ’87, from the Wall Street Players Who Lived It

Re:The Crash of ’87, from the Wall Street Players Who Lived It by Retric on Tuesday October 17, 2017 @08:18AM (#15490293)

No not most people. But, if you own 60% of a company it can take a long time to unwind without impacting the price. Further the transion is smooth as selling 1 million in most stocks in a second would change the price.

Anyway, my point is simply that trades are the mechanism that changes price. So, you can't expect to sell arbitrary amounts of stock at the current clearing price.

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Re:The Crash of ’87, from the Wall Street Players Who Lived It by dagw on Tuesday October 17, 2017 @08:24AM (#15490330)

How many people own 60% of a publicly traded company?

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Re:The Crash of ’87, from the Wall Street Players Who Lived It by Retric on Tuesday October 17, 2017 @09:17AM (#15490625)

Worldwide probability less than 20. But again that's just the extreme that demonstrates what's gong on. If you ever watch a stock ticker and calculate the volume of sales needed to change the price it's less than most people assume.

+/- a few cents might not seem like much but drops can spiral with relatively small initial sales.

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Re:The Crash of ’87, from the Wall Street Players Who Lived It by Retric on Tuesday October 17, 2017 @12:02PM (#15492044)

PS: While this topic seems to annoy people I suggest you look up 'off-board' trading before dismissing the idea. EX: https://www.wsj.com/articles/SB860538568435594500

The reality is the current ticker price is only meaningful up to mid sized transactions.

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