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21
DeMaria 21 points ago +21 / -0

So I have XXX shares across 6 brokerages (gotta diversify my GME) and another 3 shares in computershare. I don't know if I should transfer out of the brokers to computershare since I don't trust any of them. It would really suck after holding all of my fake money for almost a year in GME and Fidelity and the rest decide to go "oops we lost all your money get rekt".

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knOWNit 14 points ago +14 / -0

DRS.

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Reefay 6 points ago +6 / -0

What does DRS mean?

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EarOfCornpop 16 points ago +16 / -0

'Direct Register Shares' - Both GME and AMC use Computershare, as does Apple, to manage their directly registered shares. Yesterday I initiated XFERs from Fidelity and Schwab to Computershare. Once complete in a few days, Computershare will hold specific shares in my name.

With a regular brokerage, they make a book entry saying that you own a share of stock that they keep in a shared pile. (How do we know?) With Computershare, they have actual shares attached to your name.

If/When the Jenga tower collapses, I'm confident that I'll be holding legitimate shares that can be sold for many tendies.

Not financial advice.
More info available on the top of the Reddit Superstonk board.

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Pbman 6 points ago +6 / -0

Direct share registration in your name. All other stock is owned by cede and company for the dtcc.

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CharlieChuckles 9 points ago +9 / -0

I was in the same boat. Spread out mid XXX amongst brokers. I moved 65% to computershare, because I do think it is what puts our destiny in our own hands. For what it’s worth, I’ve sold other stocks out of computershare and never had any issues.

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Evergreeniskunt 6 points ago +6 / -0

Transfer them to Fidelity and then to CS if you do. TDA took two and a half weeks to tell me it was initiated and to wait another 5 to 8 days for it to complete.

You can also setup your CS account to deposit your cash from sales to be deposited into your Fidelity account instead of receiving a check through the mail.

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Effhypocracy 6 points ago +6 / -0

I’m not a cat, but if I were, I’d leave mid single digit shares in each broker and put the rest in computer share. /superstonk and /gmejungle have all the details

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VicariousJambi 6 points ago +7 / -1

"oops we lost all your money get rekt".

this is why I never bought gme. Theres no way the cabal would actually let the cattle have their money.

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JulesW 4 points ago +4 / -0

If you purchase directly from computershare or DRS transfer to them you own the share in your name regardless.

Might as well have a few just in case this whole Q plan works out because it will.

-3
VicariousJambi -3 points ago +1 / -4

yeah as if they’d actually pay out if it really went to the moon.

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Robyna7 10 points ago +10 / -0

I have 20 shares! It's not much but I am in :)

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pnwhomebrewer 5 points ago +5 / -0

18 shares here. Every little bit helps.

5
AngelCole 5 points ago +5 / -0

10

2
Captainzoomer 2 points ago +2 / -0

1 I am ashame.

1
pcme2 1 point ago +1 / -0

3.33 hehe

3
Pbman 3 points ago +3 / -0

If you want to buy more,it's easy just To go to computershare and buy them. But they are not a broker you don't even know the exact price until days later.

Read the pinned thread on r/ gmejungle for more info.

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SOTUisFUBAR 1 point ago +1 / -0

Hodling 15 myself

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Bgtholt88 9 points ago +9 / -0

I remember asking my dad about this when I was like 16. Could the numbers in our accounts just be figures or are we really investing in the company. He said there’s no ways that’s possible, because if it were we would have major problems..

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teppischfresser 11 points ago +11 / -0

My dad and I had that exact same discussion. I would ask him all kinds if questions like that. What is a dollar bill? Like, what does 1 dollar equal? Where does that value come from? His answer to the latter was always, "faith in the system." That never sat well with me, so I always had the feeling everything was a facade.

3
muhqtardtho 3 points ago +3 / -0

Actually surprising that south park kinda had an episode about that.

1
yudsfpbc 1 point ago +1 / -0

Everything is a facade. Even gold only has value because people think it does. (Gold really isn't that useful as a metal.)

That said, governments / kings HAVE created money out of thin air and spent it. That's how we funded the Revolutionary and Civil Wars. We don't need the Federal Reserve. We probably don't even need taxes anymore.

The American people are so ridiculously productive, economically speaking, that we could touch a rock and call it money and the rest of the world would fall over themselves to get those rocks. There is nothing like having Americans work in your company.

1
Weero 1 point ago +1 / -0

(Gold really isn't that useful as a metal.)

I beg to differ, it's very useful industrially speaking.

1
yudsfpbc 1 point ago +1 / -0

I mean, as an electrical connector it's pretty good. But other metals tend to be better in specific cases.

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Megadeth 2 points ago +2 / -0

It's a very critical conductor though ... every single integrated circuit on this planet that requires high speed external interfaces (basically every single high speed DRAM and CPU out there today save your low-end 8 bit microcontrollers and the like) needs high speed bond wires to get info off the silicon die and onto I/O pins at high speeds. Gold is the lowest cost conductor available to realize this in consumer markets.

And as you mentioned ... connectors need it too (though that's more to prevent corrosion). However, connectors are plated with gold. Plating is nothing compared to the amount of gold required for high speed bond wires in a typical CPU that may have 800+ connections from silicon pads to I/O pins.

Of course, one EMP that actually works, and gold is worthless for a while in that industry :-).

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yudsfpbc 1 point ago +1 / -0

Platinum and silver are chemically useful for all kinds of things. Gold -- not so much.

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Vapourface 7 points ago +7 / -0

Someone should get a small time broker on board and do this:

Ask for your GME from suspected unreliable broker transferred to your new confederate broker, then record the panicked telephone call as unreliable tries to pay off confederate. (or maybe my inexperience is showing)

2
ghost_of_aswartz 2 points ago +2 / -0

This this this. DO THIS. Actually send it to veritas too

6
SirRupert 6 points ago +6 / -0

Greed, greed, greed. You worthless scum.

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KS282828 5 points ago +5 / -0

741

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SuckaFree 4 points ago +4 / -0

Proof the stock market is just one big Ponzi scheme and the only people ever to be convicted of running Ponzi schemes are the ones who tried to do it without "official" authorization. The Wall Street Mafia wants [their] cut, after all. When [they] don't get it, [they] find a way to end you.

3
I-AM-ANON 3 points ago +3 / -0

$GME, PSLV, and XRP are dae wae brothers

2
SoFreshAndSoClean 2 points ago +2 / -0

Got any links to read up on xrp? Ive heard of the ticker a couple of times but hearing it this community alongside GME and PSLV piques my interest.

2
Dudemanfoo 2 points ago +2 / -0

I fucking love those guys.

2
mitmont123 2 points ago +3 / -1

Just one potential, But there's also naked shorts and synthetic shares. The Redditt reasoning above is not necessarily correct. HODL

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dtxman75 8 points ago +8 / -0

The post referenced is about HODL. It is describing and tied to alot of DD involving the DRS and moving GME directly to DRS aka Computer share. This takes the shadow share and short fuckery away from the hedgies because it certainly looks like retail investors bought through any retail broker and no actual shares were pinned down in the DTC. DRS registers the shares directly in the owners name rather than the broker. Anyone that has skin in GME should do some research on the DRS and infinity pool its useful information to make a decision with.

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CanDrWatson 3 points ago +3 / -0

Yep, brokers struggling to locate actual shares because of IOUs in the system isn't the same as brokers not buying shares. Robinghood didn't buy shares because they were trading against their customers, that's why they got slammed for billions.

1
Mpower88 1 point ago +1 / -0

Do GME options have any place or significance in this situation.

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AdAstra_PerAspera 4 points ago +4 / -0

dont do it. just buy and hold and direct register.

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EarOfCornpop 3 points ago +3 / -0

Also, you can open an account with Computershare and purchase shares through them. Those shares will be tied directly to you, and not part of a pool.

I personally bought one share to make sure the account was good, then initiated transfers. Computershare dot com.

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deleted 1 point ago +1 / -0
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R3tro 1 point ago +1 / -0

No bananas were injured in the making of this post….

1
GoatInTheHat 1 point ago +1 / -0

I wouldn't be so sure...

1
ghost_of_aswartz 1 point ago +1 / -0

Everyone should try to sell at the same time

1
ghost_of_aswartz 1 point ago +1 / -0

It would absolutely destroy them