day trading,day trader,stock

Where Does My Stock Go?

when i buy and sell stock (online) who is buying it, and where am i buying it from?
am i actually buying it from the company?
and when i sell it, is a PERSON buying it? or is the company buying it back?

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4 Comments

  1. Anonymous
    Posted 2009/11/21 at 6:14 am | Permalink

    same as normal stock trade , only that that in this case the stock broker behalf the website works for you, the website agin owned /run by a stock broker

  2. Progress
    Posted 2009/11/21 at 8:52 am | Permalink

    Unless you are buying at IPO (initial public offering) you are buying from another individual. IPO’s are purchasing from the company.
    Most trades are done electronically. As soon as you enter your order (either online or through a broker) the order is placed in-line at market (whatever price is next). One line for buyers – one for sellers The orders at the front of the line are matched and the transaction is done. If you place a limit on the order (a price you will be willing to pay or sell), you order sits and waits for the price to come to your order.
    It takes a person on the other end to make a transaction. There are a few stocks on the New York stock exchange that are handled by market makers who buy and sell when no one else will. They basically “prime” the pump and keep prices from running all over the place. That is the only time it is not a direct transaction.

  3. Club_qui
    Posted 2009/11/21 at 10:46 am | Permalink

    Here are the questions, and answers:
    When I buy and sell stock who is buying it – either another trader is buying it, or a …. what i’d like to call a trading company is buying it from you to pass along (in the form of a purchased stock) to their clients (eg-when you go to etrade and sell you’re either selling to Joe Smith or to joe smiths trading company, etrade, td waterhouse, etc.)
    Are you buying it from the company (when you buy a stock online through say etrade) – NO. The company, however they do it, get their stock ‘issued’ then sell it to the underwriter merryl lynch, jp morgan, and they in turn send it to the exchange and sell it on behalf of the issuing company.
    Kinda confusing but i hope that helps.

  4. Steve D
    Posted 2009/11/21 at 1:28 pm | Permalink

    You buy from a person or an institution such as a pension plan or charity. And you sell it to the same. Very rarely does the company sell stock from its treasury (and they usually offer it to existing shareholders first) and when they do a buyback, they will approach you directly.

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