If your broker holds the shares for you, they can loan out your shares without your consent. This leads to short selling. Apparently GME is one of the most shorted stocks out there.
If you DRS your shares, you take physical possession of them and they cannot be shorted.
GME is at a huge discount right now. Just bought moar!
I was going to, but don't understand the whole DRS thing. Am worried anything I but won't be accessible in the long run.
If your broker holds the shares for you, they can loan out your shares without your consent. This leads to short selling. Apparently GME is one of the most shorted stocks out there.
If you DRS your shares, you take physical possession of them and they cannot be shorted.
I think that's how it works.
Greatly appreciated❤
You can sell pretty easily with computershare the DRS holder for your shares. I keep like 95% in DRS and the 5% others in my normal brokerage account.