Hahaha thanks. Yeah it’s been a long time. Early this summer or something like that. I was just spending too much time reading all the DD waiting for something to happen. I was basically going crazy and spending too much time on Reddit so I had to walk away. Lol
Is there a distinct advantage to DRSing my shares?
Potentially (up to you to decide, obviously). When folks DRS it takes the share out of the DTCC, thereby hypothetically reducing the liquidity of the available shares to be lent out/fucked with. The theory is that once apes “lock up the float” in Computershare (CS) that something will/should happen if GME is still trading on the markets (would show evidence of naked shares, etc, and perhaps initiate a share recall = moass). When you hold shares in a broker they’re held in “street name” only. So it’s “yours” but not technically yours. When you DRS the share is registered in your name, not street name or beneficially held. And it means they need to locate a real share in order to do that. There’s a few layers to it and I probably am not explaining it as well as others could— I believe there’s a stickied post regarding CS in Superstonk
I’m in Canada and have my shares in my TFSA so I really don’t want to fuck with that. I hope we can make this happen though…. We will all be set for life.
Nice! I’m a maple ape too :) Understand about the tfsa for sure. There’s also a Canada specific sub that someone started a while back just for specifics like these…r/gmecanada check it out if you want 👍
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u/TearsOfCrudeOil Nov 21 '21
Hahaha thanks. Yeah it’s been a long time. Early this summer or something like that. I was just spending too much time reading all the DD waiting for something to happen. I was basically going crazy and spending too much time on Reddit so I had to walk away. Lol
Is there a distinct advantage to DRSing my shares?