Lets say I own 100 shares of "FOOD". I am ready to sell them. I use an online broker. Who is buying these shares? Another random person? The original Company? Is the sell Instant?
2007-06-24 15:38:28 · 4 answers · asked by r_tackle_73 2 in Business & Finance ➔ Investing
For a serious answer: The Market Maker.
Pretty much they buy up the stocks and can hold them for 14 days, only to resell them making a few cents per share at a different price.
Don't look too deep into this, because after a while it sounds like a Casino operation.
2007-06-24 15:56:10 · answer #1 · answered by Mr. Samsa 5 · 0⤊ 1⤋
Think of this as no different than selling your car. An individual could want it, the original car dealer may want it or no one has any interest.
It could be random, it could be a "share buyback". It could happen "instantly" if there are more buyers than sellers. Most
"market" orders go instantly if the company you're selling/buying is a "large cap" like any of the DOW 30.
2007-06-24 16:24:51 · answer #2 · answered by Common Sense 7 · 1⤊ 1⤋
who place a buy order that perfectly matched your sell order
2007-06-26 22:47:47 · answer #3 · answered by kamala v 1 · 0⤊ 0⤋
anyone who use the same broker
2007-06-24 15:51:22 · answer #4 · answered by sammy 2 · 0⤊ 1⤋