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when you sell the stock that you own, who do you selling it too? For instance, i bought 5 share of yahoo for $1 a share. The yahoo stock went from $1 to $5, who do i sell that too? The seller does not specify to whom he will sell a stock to. Traders on the trading floor do that. Ever since seen news report done from NY Stock Exchange on TV? Those people on the trading floors are the traders. A broker will match up buy and sell orders, and arrange the deal. If the number of shares is small, an odd-lot specialist will be the counterparty to the deal; such specialists trade large quantities of stocks at small margin and make a respectable living (most of the time) by doing so. whoever the current broker you have is. Go through that broker to buy and sell shares once it is sold others buy it no biggie. You sell it to the buyer of course .. who else is there ?! You sale it back to yahoo. First of all, I am 14 and i know this. OK, just like in real esate, there is a broker who unites the buyer and seller. So in stock, he unites the guy selling the stock and the one who wants to buy it. Moreover, Just because it's current value is 5 dollars doesn't mean somebody will buy it for 5 dollars. You could ask for more or take what somebody offers, say $4.75. Just because it's current value is 5 dollars doesn't mean somebody will buy it for 5 dollars. You could ask for more or take what somebody offers, say $4.75. RhSaUnDeR had the best answer = A broker will match up buy and sell orders, and arrange the deaL. Net broker site carge betwe'en $7-12 USD btw G'day |
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