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Private-equity firms, helped by tax breaks, and venture capitalists both have cash to spare, and there are private markets such as SecondMarket (where $1 billion-worth of shares has changed hands since 2008).
That won't make the stock rocket, but former stock analyst Neil Cybart, whose Above Avalon consultancy focuses on Apple, says the character of the people and institutions owning its shares has changed.
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"After 20 minutes the share price stood at 485p with 3.6 million shares having changed hands," Buik added.
Some shares traded more than once, of course, but it may be that more than half the existing shares have changed hands in what could be Thornburg's final days.
But as people's vacation desires have grown varied and the idea of running off to the same place every year has become a bit boring, time shares have changed.
Hays, which could win back its position in the FTSE 100 at next month's review, closed just 1.75p weaker at 118.5p after an above average 20m shares had changed hands.
Photograph: Nick Fletcher 8.41am BST Nick Fletcher (@nickfletchergdn) Peel Hunt; prob highest ever number of requests for prices on an individual stock October 11, 2013 8.41am BST Just to clarify, 87 million Royal Mail shares have changed hands so far today, Nick Fletcher reports.
But he may well find that up to a fifth of the firm's shares have changed hands and now lie with "event-driven" traders who make very short-term speculative bets on events like takeovers and deals.
Indeed, compared with the average price at which the LSE's shares have changed hands over the past three months, Mr Seifert's latest offer, made on Monday December 13th after much anticipation in recent weeks, amounts to a premium of nearly 50%.That may still not be enough to persuade Clara Furse, Mr Seifert's opposite number at the LSE, and her fellow directors to agree to a match.
Right now, the stock is trading at $27.80 amid heavy trading volume of almost 290 million shares having changed hands.
Yet, he added, "there's no question that the market share has changed in favor of the Internet".
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