Buy a few shares, DRS them and just wait, patience is required. Start reading Reddit/r/superstonk. If you like what you read, buy more! That’s how I started, I do believe there will be another short squeeze. It might take some time because it takes time to lock the float. Superstonk has an entire library devoted to this.
The company that keeps the registered shares for GameStop is Computershare, they also keep registered shares for Apple and many other companies. Other stocks may use other companies. Anyway, all you have to do is tell your broker you want them to be directly registered and they have to do it. Fidelity and some other decent brokers do it for free. If your broker wants to charge you to do it, perhaps, you should look for another broker. Your broker transfers them and opens an account in your name with Computershare.
I know what a short is. It's when you "borrow" a share for a certain time before selling it back, expecting the price to drop. I was following it a bit back when it first started and i remember reading that they were delaying the inevitable squeeze by borrowing borrowed shares, and that there were many more shares in circulation than actually existed. What's to stop that from happening again?
From what I’ve read, there are tons of naked shorts out there, hedge funds are swapping shorts and manipulating the price with puts and calls. If they try to actually buy shares to cancel out their short positions, they will lose a fortune because the current price is way higher than what it was when they borrowed the stock. They are just trying to make it one more day, when the float locks, price goes up, and they can’t pay their margin requirements. That’s when the next squeeze occurs. MOASS.
Buy a few shares, DRS them and just wait, patience is required. Start reading Reddit/r/superstonk. If you like what you read, buy more! That’s how I started, I do believe there will be another short squeeze. It might take some time because it takes time to lock the float. Superstonk has an entire library devoted to this.
How do you DRS. Them?
The company that keeps the registered shares for GameStop is Computershare, they also keep registered shares for Apple and many other companies. Other stocks may use other companies. Anyway, all you have to do is tell your broker you want them to be directly registered and they have to do it. Fidelity and some other decent brokers do it for free. If your broker wants to charge you to do it, perhaps, you should look for another broker. Your broker transfers them and opens an account in your name with Computershare.
Can't they just "short the shorts" to wait out the short squeeze? Sorry if this sounds retarded, I don't know much about stocks
It doesn’t work that way. Read up on short definition, it’s not too hard to understand.
I know what a short is. It's when you "borrow" a share for a certain time before selling it back, expecting the price to drop. I was following it a bit back when it first started and i remember reading that they were delaying the inevitable squeeze by borrowing borrowed shares, and that there were many more shares in circulation than actually existed. What's to stop that from happening again?
From what I’ve read, there are tons of naked shorts out there, hedge funds are swapping shorts and manipulating the price with puts and calls. If they try to actually buy shares to cancel out their short positions, they will lose a fortune because the current price is way higher than what it was when they borrowed the stock. They are just trying to make it one more day, when the float locks, price goes up, and they can’t pay their margin requirements. That’s when the next squeeze occurs. MOASS.
Thanks!