I just drs'd. I see it as security. Stock could rocket or it* could not, but it'll definitely move up a bit at some point.
But if it happens during peak financial meltdown... If there is a liquidity problem, I reckon the brokers and clearing houses will pull some shit to screw shareholders over. The London nickel trade reversal thing a few months ago was the final straw for me.
If it's drs'd in your name it at least 1. Locks the float to put upward pressure when hedgefunds are covering and 2. Your shares hopefully won't have delayed trades/reversed trades/locked shares/missing shares/etc. Or whatever shenanigans that could happen to reduce pain for the big institutions
I just drs'd. I see it as security. Stock could rocket or it* could not, but it'll definitely move up a bit at some point.
But if it happens during peak financial meltdown... If there is a liquidity problem, I reckon the brokers and clearing houses will pull some shit to screw shareholders over. The London nickel trade reversal thing a few months ago was the final straw for me.
If it's drs'd in your name it at least 1. Locks the float to put upward pressure when hedgefunds are covering and 2. Your shares hopefully won't have delayed trades/reversed trades/locked shares/missing shares/etc. Or whatever shenanigans that could happen to reduce pain for the big institutions
i get you. thanks for the info