Who do you trade with?
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (13)
sorted by:
If you are talking Gamestop, buy direct from ComputerShare.
If you buy direct from Computershare then it goes into PLAN, and not BOOK witch is a big no-no. After you buy direct from CS you need to switch it from PLAN to BOOK, which isn't a big deal, just a few clicks on their website, but... Only whole shares can be switched to BOOK, so you'll lose any partial share, which will be forfeited to cover the selling fee. Losing a partial share is a very insignificant price to pay though, to keep your shares truly DRS, and out of the hands of the DTCC.
If you transfer shares to Computershare from a brokerage then they automatically go into BOOK, which is ideal. Also, buying through a brokerage allows you to buy dips, where buying through Computershare is a bit blind, as it could be several days before your order is filled (I believe CS buys the shares in bulk, once or twice a week) so if the price changed between placing your order, and it being filled, then that's out of your control.
GameStop just became profitable on their latest earnings report a couple weeks ago. They have $1b cash, and no debt.
Shorts, who never closed their positions have been exhausting every shady trick they can dream up for the past few years to just live another day. This can’t go on forever, they’re trapped.