| ▲ | ajross 6 hours 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". |
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| ▲ | TheAtomic 6 hours ago | parent | next [-] |
| Actually, that's the service provided by GS, etc. They have those buyers on the other side of their Rolodex. |
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| ▲ | ajross 5 hours ago | parent | next [-] | | Well, 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 an hour ago | parent [-] | | It'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) |
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| ▲ | imagent 5 hours ago | parent | prev [-] | | What is GS? | | |
| ▲ | blitzar 10 minutes ago | parent | next [-] | | a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money | |
| ▲ | smnscu 5 hours ago | parent | prev | next [-] | | Presumably Goldman Sachs (or any investment bank worth its salt) | | |
| ▲ | thaumasiotes 5 hours ago | parent [-] | | Well, to be really accurate, I assume GS is Goldman Sachs alone and "any investment bank worth its salt" is referred to by the "etc". |
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| ▲ | Mtinie 5 hours ago | parent | prev [-] | | Goldman Sachs |
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| ▲ | dgellow an hour ago | parent | prev | next [-] |
| Isn'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 |
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| ▲ | kingleopold 5 hours ago | parent | prev [-] |
| tell 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 |
