Re:The Crash of ’87, from the Wall Street Players Who Lived It
by eru on Tuesday October 17, 2017 @08:56AM
(#15490503)
> [...] would you want to continue holding Blockbuster stock? No; you would want to sell it.
For every seller, there's a buyer. The market will settle on a price at which those are evenly matched---even if that's close to zero.
You have to offer a good enough price on your Blockbuster stock to find a buyer who thinks it's a good idea. (Unless it's someone who has to cover a short position, those guys are basically forced to buy. But they'll still buy from the seller with the best price.)
For every seller, there's a buyer. The market will settle on a price at which those are evenly matched---even if that's close to zero.
You have to offer a good enough price on your Blockbuster stock to find a buyer who thinks it's a good idea. (Unless it's someone who has to cover a short position, those guys are basically forced to buy. But they'll still buy from the seller with the best price.)