I thought I was the only one who had that thought to keep a few back to sell. (I thought I might be a bit loonie tunes). Glad to know Iām in good company.
Yeah, SS on reddit pushes DRS a lot. I have no clue if the brokerages are going to auto sell our shares, but if WHs are in control I hope they let us sell for at least quadruple digits through brokerages.
DRS is the equivalent of a bank run on the DTCC, or the real owners of a gigantic portion of traded assets today.
The way things like stocks are traded is the DTCC actually owns the shares, while labeling the shares as "owned for the beneficiary of X". When stock trades hands, they just update the beneficiary to the new "owner" of the stock. The DTCC and it's member's abuse this system by allowing the update to not happen, causing "failure to delivers", and thereby GME's naked shorting.
DRS takes the stock from the DTCC and places you as the actual owner, not the beneficiary of the stock in someone else's hand. In doing so, the DTCC has less plausible deniability in allowing naked shorting, and if the combined DRS, insiders, and institutional shares near 100%, effectively create a bank run on the DTCC.
I dont understand why people think there will be problems selling on CS. You can do an instant 'limit sell' like any other online broker. I know cashing out once you sell might have some delays depending what method you use, but selling during moass shouldnt be an issue at all.
And dont forget DRS also takes your shares out of the short sellers pool of fuckery. This is why Trump Media is telling people to DRS on their website.
I just doubled my GME hodlings this last week and finished up DRSing all of my shares. I'm ready for the MOASS!
SEND IT!
u/#updoot
I need to DRS more. Accumulated more GME so now I'm at like 60% DRS 40% broker.
I still want some in the broker account so it's easy to sell during moass.
Seems like a good idea. At least 30% there.
I thought I was the only one who had that thought to keep a few back to sell. (I thought I might be a bit loonie tunes). Glad to know Iām in good company.
Yeah, SS on reddit pushes DRS a lot. I have no clue if the brokerages are going to auto sell our shares, but if WHs are in control I hope they let us sell for at least quadruple digits through brokerages.
DRS is the equivalent of a bank run on the DTCC, or the real owners of a gigantic portion of traded assets today.
The way things like stocks are traded is the DTCC actually owns the shares, while labeling the shares as "owned for the beneficiary of X". When stock trades hands, they just update the beneficiary to the new "owner" of the stock. The DTCC and it's member's abuse this system by allowing the update to not happen, causing "failure to delivers", and thereby GME's naked shorting.
DRS takes the stock from the DTCC and places you as the actual owner, not the beneficiary of the stock in someone else's hand. In doing so, the DTCC has less plausible deniability in allowing naked shorting, and if the combined DRS, insiders, and institutional shares near 100%, effectively create a bank run on the DTCC.
I dont understand why people think there will be problems selling on CS. You can do an instant 'limit sell' like any other online broker. I know cashing out once you sell might have some delays depending what method you use, but selling during moass shouldnt be an issue at all.
And dont forget DRS also takes your shares out of the short sellers pool of fuckery. This is why Trump Media is telling people to DRS on their website.
https://greatawakening.win/p/17t1MiO98Z/trump-media-and-technology-group/c/
Holy crap 2 shares!?!? J/K congrats ape.
2 is all you'd need if you hodl out until the price mirrors a phone number!
u/#topkek
Good one š
When your wealth explodes..... remember me .... if I could, I would, but I can't.... so I'll beg lol
Why can't you? I know tons of people around the world who DRSed gme