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This is a micro/macro mistake. You obviously can't dump a 6% stake at strike price on Robinhood. "The Market", at this scale, means "You find the buyer(s) you
by ajross 3mo ago
This is a micro/macro mistake. You obviously can't dump a 6% stake at strike price on Robinhood.
"The Market", at this scale, means "You find the buyer(s) yourself and work up the deal with a hundred lawyers and PR staff and hope the contract negotiation stays secret".
- TheAtomic 3mo agoActually, that's the service provided by GS, etc. They have those buyers on the other side of their Rolodex.
- ajross 3mo agoWell, yes. They're the ones who actually employ the hundred lawyers and PR staff. But that's what it takes, and it's not about clicking some buttons on a Web 2.0 Day Trading UI.
- dgellow 3mo agoIt's really not far from it. You don't need to do a private off-exchange sale (though you can), they do incremental execution (where you break the trade in small batches)
- imagent 3mo agoWhat is GS?
- smnscu 3mo agoPresumably Goldman Sachs (or any investment bank worth its salt)
- thaumasiotes 3mo agoWell, to be really accurate, I assume GS is Goldman Sachs alone and "any investment bank worth its salt" is referred to by the "etc".
- Mtinie 3mo agoGoldman Sachs
- blitzar 3mo agoa great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money
- kingleopold 3mo agotell me how you dont know anything about dark markets and dark pools. I loveeeee how you average people dont know how they operate at top
- dgellow 3mo agoIsn't that literally what institutional trading desks are for? One of the reason to use one is that they can execute a large order without impacting the market price