Detailed text transcripts for TV channel - MSNBC - 20140113:20:31:00
When i first got hired by goldman sachs, someone asked if i had questions? i said yes. how does a stock go from nine to ten. the guy interviewing me picked up a phone and said by 50,000 stride rite. take it to ten. it was at $9. because of that incredible rushed order it started moving and moving and moving. it's all about why someone buys something very aggressively or sells aggressively and how you can benefit. that's what happened with the flash crash. we went down 1,000 points in a couple minutes so orders overwhelmed the buyers. it's still about supply and demand. >> reading that part of ...
Source: news source