This might seem like a newbie question but i'm just trying to get to grips with everything.
Say i have stock XYZ and suddenly news emerges that the world is on the brink of alien invasion and that we are about to bombed back into the Stone Age. So everyone wants to sell their stocks and buy food, clothes, weapons and porn.
There is massive panic selling and as I understand how a market (and the ASX) works, for there to be sellers there must be buyers willing to take the stock off your hands.
Now in this hypothetical situation, if no-one wants to buy any stocks at all, are the sellers just going to have open orders that will never settle?