No. These are the golden ticket shares and IMO selling out of CS is only going to hinder the rocket. I look at them as my forever shares. If you are thinking about selling out of CS because of broker fuckery, who do you think CS sends their sell orders to? Schwab sure as hell is not going to mess with stock holders but then turn around and honor and not mess with CS sell orders. If brokerages screw with us, all, even CS sell attempts, will be screwed. Sell out of your regular stock accounts.
Ahh, so if moass is allowed to occur without govt intervention we'll be going through brokers. Hmm. So I think it's best to have majority of shares in DRS so they can't be auto sold by broker fuckery (which they can do legally on margin accounts). Then have a few shares in diff brokers in case they don't pull some shit.
I continue to think govt will interfere in a moass event. But on the other hand we know the plan involves bankrupting these corrupt hedge funds. So idk.
Should add.... smaller brokerages? Not sure there. Already seeing some shady shit with BBBYQ across the pond recently....so there is that. If you are in one or all of the big 3....my feeling is you will be fine.
Regarding auto sell...margin account they can, but cash account? Don't really see that happening for a number of reasons. 1.)Have not seen any wording in the TOS of my brokerages for a cash account they can or would. 2.)They would have lawsuits up the ass if they pulled that. 3.) I believe the market is not going away after this...just major reform. So if they pulled that shit, you would have the public as a whole lose all confidence in putting in any money in there again. 4.)Again, this would hose MOASS. There is still many investors who have no clue of DRS, won't DRS for whatever reason, or simply can't for various reasons.
I am not against DRS....have 45% in there myself and add a few on a regular basis. But I plan on selling during this believe the rules are going to have to be followed or MOASS really won't happen and I believe it will.
My set up is similar....got shares spread across 3 brokers and one CS for insurance/long term portfolio...
No. These are the golden ticket shares and IMO selling out of CS is only going to hinder the rocket. I look at them as my forever shares. If you are thinking about selling out of CS because of broker fuckery, who do you think CS sends their sell orders to? Schwab sure as hell is not going to mess with stock holders but then turn around and honor and not mess with CS sell orders. If brokerages screw with us, all, even CS sell attempts, will be screwed. Sell out of your regular stock accounts.
All of mine but one are in computershare. After holding so long, I want my tendies.
You and me both anon...
CS sell orders do not go through brokerages from what I've read.
They are not a broker and can't sell or trade different securities....they most certainly use brokerages...
https://www.computershare.com/je/broker-selection-policy#collapsecf1e0bed-b4e6-4b30-8a3b-f33ccb14d997
Ahh, so if moass is allowed to occur without govt intervention we'll be going through brokers. Hmm. So I think it's best to have majority of shares in DRS so they can't be auto sold by broker fuckery (which they can do legally on margin accounts). Then have a few shares in diff brokers in case they don't pull some shit.
I continue to think govt will interfere in a moass event. But on the other hand we know the plan involves bankrupting these corrupt hedge funds. So idk.
Should add.... smaller brokerages? Not sure there. Already seeing some shady shit with BBBYQ across the pond recently....so there is that. If you are in one or all of the big 3....my feeling is you will be fine.
Regarding auto sell...margin account they can, but cash account? Don't really see that happening for a number of reasons. 1.)Have not seen any wording in the TOS of my brokerages for a cash account they can or would. 2.)They would have lawsuits up the ass if they pulled that. 3.) I believe the market is not going away after this...just major reform. So if they pulled that shit, you would have the public as a whole lose all confidence in putting in any money in there again. 4.)Again, this would hose MOASS. There is still many investors who have no clue of DRS, won't DRS for whatever reason, or simply can't for various reasons.
I am not against DRS....have 45% in there myself and add a few on a regular basis. But I plan on selling during this believe the rules are going to have to be followed or MOASS really won't happen and I believe it will.
My set up is similar....got shares spread across 3 brokers and one CS for insurance/long term portfolio...
They just move them, it doesn't take three days. Sell one and find out.
Yeah I saw someone sold a share on CS and it didn't take long. But during a moass event w/ so many sell orders it's going to be uncharted territory.
https://old.reddit.com/r/Superstonk/comments/xqah65/want_to_know_what_happens_when_you_sell_with/
Make a plan to get the money you want. Sell a few to break even, then a few more to pay off debts or whatever works for you.