Donald Trump and Kamala Harris had their first presidential debate on ABC News Tuesday night. The Republican nominee is not leaning toward doing a second one.
The listed value is more or less the amount currently being offered by people who want to buy the stock. So if it has a listed value then he can sell it.
Comic books don’t have market makers. Stocks generally do.
They act as intermediaries so individual stock buyers don’t have to find individual stock sellers. Which means the companies that agree to act as market makers are always willing to buy a stock and always willing to sell it. When buyers and sellers don’t balance, they adjust the stock price until they do (always making a slight profit on arbitrage).
Sure they will. In fact they provide liquidity for stocks that are equally shitty as this one.
And of course if someone is dumping a lot of stock all at once then they will pay less and less for each unit. But even they are only paying pennies at the end, they won’t stop buying it.
The listed value is more or less the amount currently being offered by people who want to buy the stock. So if it has a listed value then he can sell it.
If there’s a single copy of a comic book that sells for $1,000 that doesn’t mean you can sell 100 of them for that price.
If there’s a couple dozen shares of a stock selling for $15, that doesn’t mean there’s enough buyers to pay for a million of them at that price.
If trump dumps all his shares, the stock price will crash, and eventually there won’t be ANYONE to buy the stock and the price will be effectively $0.
Comic books don’t have market makers. Stocks generally do.
They act as intermediaries so individual stock buyers don’t have to find individual stock sellers. Which means the companies that agree to act as market makers are always willing to buy a stock and always willing to sell it. When buyers and sellers don’t balance, they adjust the stock price until they do (always making a slight profit on arbitrage).
Market makers aren’t idiots. They’re not going to provide liquidity to allow someone to dump thousands of lots of this piece of shit listing on them.
The “adjust the price until they do” part is the piece of your comment that’s relevant here.
Sure they will. In fact they provide liquidity for stocks that are equally shitty as this one.
And of course if someone is dumping a lot of stock all at once then they will pay less and less for each unit. But even they are only paying pennies at the end, they won’t stop buying it.