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christopher d | Answers by the knowleable people only!!! investment...? |
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? |
 |
 
JQT
|
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.
The trader has the responsibility of matching sellers with buyers of a particular company stock. A trader's job is easier when buyers and sellers are open to trade at the market price. When a buyer set a price that he is willing to pay or a seller set a minimum price that he is willing to accept then the trader has a little more work to do.
100 shares of a stock is also called a lot. Stocks are generally traded in lots. If you are buying or selling odd numbers of shares, then the trader would have to "pair" you up with someone else to divide a lot.
Best wishes. |
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Rich C
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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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zyberianwarrior
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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. |
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George K
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You sale it back to yahoo. |
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joe s
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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.
Do you have the stock certificates? If so you can sell it to who ever you want to, you'll just have to find a broker to change the name on the certificates. But it'll cost you.
Or do you have an online brokerage account? In which case the brokerage house will place your order for sale and sell to a buyer. You can either sell it at market value, (a bid offering) or you can set a limit, (an ask offer). Me personally I always set a limit on my buy's and sell's. Yahoo (YHOO) is a highly traded stock about 24,000,000 shares trade hands every session. Compared to Centerplate (CVP) 77,000 shares, or LMS Medical (LMZ) only 1,000 shares. So setting a limit on Yahoo is not necessary as compared to LMS Medical or Centerplate but that's a whole other lesson. |
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rhsaunders
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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. |
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lee_adamant
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You sell it to the buyer of course .. who else is there ?! |
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ffffff f
 |
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.
Do you have the stock certificates? If so you can sell it to who ever you want to, you'll just have to find a broker to change the name on the certificates. But it'll cost you.
Or do you have an online brokerage account? In which case the brokerage house will place your order for sale and sell to a buyer. You can either sell it at market value, (a bid offering) or you can set a limit, (an ask offer). Me personally I always set a limit on my buy's and sell's. Yahoo (YHOO) is a highly traded stock about 24,000,000 shares trade hands every session. Compared to Centerplate (CVP) 77,000 shares, or LMS Medical (LMZ) only 1,000 shares. So setting a limit on Yahoo is not necessary as compared to LMS Medical or Centerplate but that's a whole thing. |
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