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Staples, Inc. Message Board

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  • Lourdes50 Lourdes50 Jun 26, 1999 6:28 PM Flag

    74,000 shares already traded EOM

    is correct however,they are for all practical
    reasons new to the is alsocorrect that it is in
    the interest of all concerned to sell these shares in
    an oderly manner,however, the brokers really want
    their commission and would not be too careful which way
    the stock goes.Lets hope that the institutes would
    pick these up.The floating shares would increase so
    the price would be a little cheaper for a short
    time,I think of course all this is what I think and
    could be a little of.Just an opinion.Good Luck

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    • while sounding like a lot of shares, and it
      is-normally, it amounts to nly less than 4 days trading volume
      for SPLS. Also, a smart broker handling this trade
      wants to do what is best for the client and not be
      branded as a dumbs...t. They hope to get more business
      from SPLS. Also, if they sell them in one day or 10
      days, they still get their commission. So, IMO, the 12
      MM shares is a nonevent in the medium to long term.

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