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Re: Da Ghost post# 27198

Friday, 04/20/2018 9:03:53 AM

Friday, April 20, 2018 9:03:53 AM

Post# of 174609
it would be, pal. that it would. i was teasing ya' yesterday, you know that? i remember nyse rule 127 - block positioning and stuff like that. that was so long ago. back in the early 90' if you remember, the nyse settlement was t+5 and the stocks quoted only showed 999,999 - remember the infamous 999 quotes on the nyse? you had to call the floor directly-----> speak to someone like me ----> who asked for a "LOOK" into the specialist book, and that way, by asking nicely the clerk at the booth at whatever post in whatever room on the exchange. all you had to do was have a beer with the dude after hours, and that would seal the deal for me. i could have the whole market depth, given to the customer. i would say, "mr customer" your $100mln order to buy is in traffic in the following live market. i have Merrill here working buyer 50,000 GE, and I have PERSHING working 200,000 for sale. do you need an offer? i will get you an offer for the block. and that is the way the start of the negotiation would work back then. i would then walk the order ticket over to the booth, and ask the specialist "yo dude, make me an offer i cannot refuse, quick on the hop?" that was value added service i brought to my customers. big index funds, and huge money managers with $500,000,000 to $3,000,000,000 assets under management. on leverage 10x 1 so their buying power was 10fold.

nice talking to you ghost. for people that would like to read what we are talking about....here read this:

https://www.investopedia.com/exam-guide/series-7/securities-markets/prohibited-activities.asp

bye for now.
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