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 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.
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.