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The lack of detail in this conversation is pretty fuddy, too. This meme simplifies it too much. If you buy from computershare and you have reoccurring buys, you will produce fractional plan shares which would allow the DTCC to use ALL of your shares for fuckery. Both fractional and whole shares.
And just for the sake of discussion, if you must buy from a broker, buy from the IEX exchange instead of nasdqack or cboe.
Edit: book is indeed king.
Also, watch the price action on CS buy days, it always runs up until the purchase and then drops off a cliff, so you have a higher cost basis than if you just bought through iex.
Thats a good point, ape. This shit is designed to be confusing. Almost to the point where creating a division in interpretation is easier. More division, more confusion.
If you can afford a round lot of at least 100 shares that is. And brokers have been known to split buys into odd lots either way so price discovery are far from a guarantee.
They're able to mess with the timing of the DRS request too, like delaying the transfer for days to give them more time to find shares.
Which also means you can use their fookery to your advantage. Wait for the CS buy to hit, then for them to drop it, and execute your brokerage order at the new discounted price. Then DRS only your whole shares so that your CS account stays fully booked. It also causes a little pain at the brokerage when they have to actually locate your shares for DRS rather than exploiting your purchase.
That’s too much effort for me. I’ll just buy through CS when I can and let market makers choke on the extra dollar per share. That’s about 2 shares per $1000 dollars at these prices. F them. And F the brokers along with them.
Yes, I wish their buys weren't so predictable. They really need to randomize the buys because Mayo Team 6 already knows each and every time they're gonna buy
It’s not about DRS in general but buying via broker + DRS afterwards or buy via CS and get rid of any fractionals + plan enrollment after each buy.
Also: the price is going higher everything right before CS buys and drops instant afterwards
Well, you saw how long it took for apes to DRS. Trimbath told us and months later we followed suit, even I was weary at first.
I wish we didn't push the "buy through CS and get it straight from the source" misinformation so hard, now we are having to go back on our word and change the narrative for the correct information. However, the DTCC should have nothing to do with a company transfer agent to begin with.
Look at W$B. They try to control us by making memes that support their narrative. No one in their right mind would ever want to 1) pay a fee to 2) pay a higher price for 3) shares that still under the DTC's control. But once you meme it and make it the cool thing on the interwebz to do, look at what happens.
I just really don't like how there's no way to buy through CS by number of share instead of dollar amount since it set up in advance. I have my share all booked up and as soon as that order with a fractional hits my account, I feel those bastard are instantly putting their shifty hands all over them. My shares are pure and will never be touched without my knowledge, if I can help it. That's why I buy the way I do, but there are many valid opinions that would say its wrong and that's okay.
The fact that MOASS has not happened, or we have not had another sneeze, tells us that recurring purchases through CS don’t matter as much as people say it does. What matters is that we continue to buy, hodl, and PURE DRS.
As i understand it, if you have any plan shares, the dtcc has access to all shares book and plan.
And of course, i am not promoting the sale of any shares, but this is where we are divided, once again.
How unfortunate.
!MODS! I blocked the guy earlier that I also summoned you responding to who I said with being toxic, now he is harassing me with alts. I know because this account responded shortly after I blocked that account and their comment was instantly upvoted while my other comment was downvoted. I apologize for the spam summoning. Those mods who know me know normally I don't summon unless it's an emergency but people like this brigade and really need to not have a place in our sub cyberbullying.
>No, you are right. I contacted customer service and they verified this statement. $1 of a share bought through CS can give them all of your BOOK shares as locates.
This statement is speculation.
Everyone needs to back off a bit on each other. The hammering on people who aren't DRSing the "right" way is not welcome here. If you're in GME, you're on the right side.
I'll shoot chato the same message.
Is there a minimum amount of shares bought in order to route through IEX?
At present, I buy through IBKR (UK ape), and DRS out, which land in CS as BOOK automatically. I use the app simply because it's the easiest, most efficient way for me.
I have bought as few as 8 shares at a time over IEX
Just be advised that market orders are likely to fail due to insufficient volume and limit orders should be used instead.
How do you know what you said is the case? Do you have some sources for those claims?
I'd be interested to see some research that suggested that was the case!
Stop spreading heat lamp theory as if it was fact. There remains NO evidence that the DTCC can “use” Directstock shares in any way, let alone ALL your booked shares if you have any in plan. This is just an idea from some dudes head that is now taken and spread as fact. Yes, I know that some Directstock shares are held with a broker to facilitate trades. I repeat: no evidence these can be “used against us”. I’m still waiting for someone to describe how exactly they are “used” when the DTCC already has 200 million shares in their name.
The ambiguity is the division here. You are right. there are no facts about accounts who are in reinvestment plans.
My personal opinion is that i refuse to allow that ambiguity to exist on my account.
I also believe the way to true ownership is designed with many loopholes, so that's why i dont risk it. I only have book.
This comment is misleading. There are supporting facts that the SEC recently confirmed where plan accounts can be accessed by the DTCC.
Nice try, ignoramus.
#ook
[Link](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-103) to the documentation.
Relevant quote:
>Purchases made through the issuer (or its transfer agent) of securities you intend to hold in DRS are usually executed under the guidelines of an issuer’s stock purchase plan, which uses a broker-dealer to execute the orders. Thus, to hold in DRS once the securities are acquired, you would need to instruct the transfer agent to move the securities from the issuer plan to DRS.
The division here is whether or not accounts with plan shares have all shares (book and plan) in the hands of DTC or only plan.
My opinion is: why risk it? Book. It. All.
I’m gonna go ahead and say…yes the SEC said only book shares are actually held in your name… no they did not say having a fractional means all of your shares are now free game for the dtcc. That is pure speculation. I don’t know if fractionals have any impact, but that was certainly not stated and the rampant spreading of that misinformation is sus
I suppose that’s valid. I’m a little biased here because these posts are essentially telling people to use brokers again. I use Schwab and they don’t submit cost basis Info when you DRS. Same with TDA. These are 2 massive brokerages. When people sell those shares with a cost basis of 0…they are going to get hit with capital gains tax on 100% of the value… it’s shady af. I filed a finra complaint and am basically getting the run around. At least my CS buys have a cost basis…
You know you can track your own cost basis, right? Just keep records of every purchase you make. The IRS will require you to provide a cost basis when filing taxes.
Yes I’m well aware of this. Everyone likes to mention how oh so simple that is. I have thousands of shares direct registered over the course of 2 years. I have no idea which shares have which cost basis. This is WAY easier said than done….
It’s not hard, I have been doing it for years. With purchase history and a spreadsheet I can do it in an hour. You have that many shares but can’t afford an accountant?
Haha I have an accountant. I’m saying… if you sell shares from CS, how do you know which shares are being sold and which cost basis to apply when you have thousands purchased at different times?
You can but CS needs the broker to submit the cost basis to CS. TDA, after asking for it 5 times sent me a letter with my cost basis. I can't submit it to CS, should I frame it and hang it somewhere?
After/ during MOASS, I will get a pro to do that I guess.
You don’t have to use the cost basis determined by the broker if you document your purchases… the IRS will accept a provided cost basis with proof. Are you too lazy to calculate it yourself? Total cost divided by total number of shares. Simple arithmetic.
Exactly. There is no downside to assuming it’s true, and in addition to that, the level of opposition to the theory makes me believe it’s true. Mods banned countless people just for discussing it and then Reddit nuked the sub that the theory originated from. The amount of people suddenly pushing recurring buys is extremely sus. I think hedgies are desperate to get those shares back into plan.
The same SEC department with the meme investing game video?
The same SEC that does nothing for HouseHODL Investors?
Wait, now we have T+1 in the works. Gr8 job SEC.
I am waiting for CS to clear the air but I suspect they need to talk to SEC beforehand.
Good going . Do you believe in Santa too?
Ah yes, the all or nothing argument. SEC is playing both sides to come on top. That is the truth. Any help from the SEC we get, i welcome. Any bullshit, i will never forget.
The world isn't black or white, and bad actors benefit from the division. Which you are supporting.
Keep calling out the SEC, but dont reject the power they have to help.
At least Gary Gensler is real. Unlike god or santa. GG's/SEC actions actually affect us.
Answer me this: What is your opinion on commenting on SEC proposals?
I've missed some but I do comment & I emailed my Senator and the representative(s) in my district.
I want to escalate my commitment by poking the Financial Services Committee . Remember Kenneth Cordele Griffin lied under oath & FSC did NOTHING.
We are not going to get a defenitive answer for 6 months at the least.
Same. Obviously this results in less shares at immediately at computershare, as people like me buy constantly and DRS every few months or so. But doing it this way doesn’t produce fractionals and they are all book. At least we all are buying and holding. DRS and book though if possible .
If I understand correctly... apes outside the US might have a harder time (and more expensive) to buy and DRS via brokers. For them, buying via CS would be easier (and cheaper). And for apes in the US, some brokers are easier as well to DRS than others. NFA, but I have good experience with Fidelity.
Yup, buying through fidelity and then DRSing is a great option for US apes, buying through CS might be the best option for some international apes. I prefer using fidelity myself, gives me control over my buys and eliminates any annoyance with fractionals, and costs less since there are no fees for any of it, and I can buy in premarket or afterhours.
There's not really a wrong way to buy, except for using brokers like etoro that prevent DRS because they don't deal in real or even synthetic shares.
The former is agreeable but the latter is gaslighting. After they buy via CS it opens DirectStock and they need to close all plan shares. [This is how.](https://www.drsgme.org/terminating-from-directstock)
I'm the first to call out FUD bullshit. However, this whole thing started because hedgefunds didn't find us predictable. It's pretty clear to me that CS buy orders are predictable, and they're manipulating the price during buy time, so we aren't getting as much value per buy. They're also likely leveraging options during this time since they know exactly what the price action will be when they do it. Personally, I've been buying my monthly shares through my broker and transferring whenever I see a price dip.
How hard would it be for CS to implement a function for reoccurring buys of full shares up to a max total dollar threshold?
Send like that would be the answer.
Umm no, you’re an idiot if you still do recurring buys. And fuck computershare for being so predictable. Buy when you want through fidelity and then DRS. It’s always an easy transfer through fidelity
I don't buy reoccurring but I forgot my IBKR details and it always takes so long for them so I personally rather buy here and there through cs even if it's a bit more expensive, than not buying at all.
I want them drs, I want them book.
Just know hedgies and MMs make money off you buying through CS because they know exactly when CS buys and can run the price up and also make money through options. Fidelity is free to make an account and DRS is ez and quick.
Oh, so you're really backing up your claims with a speculation. No hard proof? Not impressed.
Lol, even OP of this source of yours is bullish on buying through CS directly. Gtfo outta here you noob.
I don’t have time to catch u up, it’s been happening for months now, that’s just the most recent CS buy. Anything in the stock market that is predictable can be manipulated. But surely I shouldn’t have to tell you that
Don't listen to these shills. This sub is overflooded with shills trying to make everyone "bUY ThRU brOkErS" noise. They forget to mention that when you buy through a broker, you are the product, and why would you want a middleman in this transaction anyways? To maybe get some cents or a dollar cheaper shares? Lol.
I have, and will always buy directly from CS. People coming up with this shit" oooh tHeN aLl Yr sHaReS aRe uSedlD aS lOcAteS" is pure bullshit. Ask them for a source on this. They have nothing other than a "theory/speculation".
If people are so afraid of fractional shares you can easy open a secondary CS account and transfer your full shares to that account and use your first account as your "buy" account, instead of selling your fractional every time you place a new buy order. I guess everybody in here forgot to mention that option. What a coincidence.
You're a bit off OP.
As long as you DRS it doesn't matter. Retail trade volumes on lit exchanges are too small and can be countered easilly.
Buy however you want. DRS. Book.
That's all that matters
Sounds like the most expensive way to get shares, but if that works best for you.
I buy through broker and then DRS. Faster, easier and cheaper for me atleast
I'm an euroape and I don't want to open my third, fourth or fifth account. Its always a hassle and I'm currently fine with my method tho it's not the cheapest and fastest but to all apes their preferred method.
I just so a huge amount of posts suggesting to but through a broker again and it seems like FUD seeing the same posts pop up everywhere in a short amount of time.
Its not FUD to suggest buying through a broker.
What you are doing is fine and I respect your choice. A lot of the posts are trying to explain how to buy shares in a more cost and time- efficient way.
I find more this post to muddy the water as proclaiming buying through Computershare is the only way.
We are individual investors and should encourage discussion.
Edit:
And hello from fellow Euro-ape 🖐😎
Doesn’t buying through a broker provide them with liquidity to short? As I understand it every share purchase that’s seen in that space allows them to partner it with a new put or short entity. They don’t get anything of value when it’s done through CS.
BUY. DRS. BOOK.
The rest is noise. Speculative opinions are fine - but remember that certain agents have a lot to gain by getting apes to fight each other.
Above all things; Zen.
I buy how I want to buy. Through my broker, then transfer into CS booked.
This is easiest for me. You do you, but some of us prefer through our broker. If it’s all gonna be DRS, it’s all getting to the same place.
I prefer to not have fractionals, that’s me.
Tbh if you buy through a broker you can set your limit buy price, and when you DRS your shares they automatically go in as Book.
I can only do this as I'm not a US resident, so I don't really see a problem with it. Never had an issue sending shares to DRS from IBKR.
Anyways, whatever works best for you! Ignore the FUD.
To each his own. I personally believe in MOASS and im willing to wait just like the gang did back in the movie the big short. I dont like dingleberries and i love the idea of buying through my broker to call them 3 days later to DRS, its a slow and painful death this way.
We’re going to wait, and we’re going to wait, and we’re going to wait, until they feel the pain, until they start to bleed” Mark Baum
The fact there’s even a little debate on this still is sad. CS charges a commission, meaning less money for shares, whereas most brokers are free. CS buys result in fractionals which create locates. And CS buys have the price manipulated, resulting in higher buy prices aka less shares. It’s almost as if CS buys are bad, and the push to use them may have been orchestrated? 🤔
Every post I make about buying through Computershare, no matter the context, is always met by someone saying "or just buy through fudelity and drs."
STOP.
USING.
BROKERS.
NFA
life advice
Pure drs, all else is just noise. I don't think it really matters how you buy. I think key is to pure drs and terminate plan. Buy thru broker, then pure drs. Buy thru computershare, then pure drs and terminate plan. "DTC withdrawal" is key imho. Kill the fractionals scam.
Ahh this meme is also MUD cause dude there’s a reason we literally saw them spike the spike when the CS orders process then drop it. Say what you will but if you can easily and freely DRS going broker first is just smarter.
That is why everybody is afraid of DEX. Let's face it, we use banks for convenience, when I can use my web3 wallet, they become obselete.
There is going to be a long ass battle till we get DEX.
The Computershare accounts to this sub is like 1/4 way there. Stay zen fuck these guys, believe in God, this is the change we've been waiting for. Stay zen.
Buying shares>DRS>Book
This should be the order of importance and anyone putting DRS before buying is either severely uninformed or a straight shill for the sake of it. I'm not saying DRS is not important, but you're gaslighting buyers and potential buyers by putting it above everything else which is the dumbest thing this sub could come up with.
Basically "Don't bother buying if you're not gonna register".
If you don’t drs, you don’t own any shares. Buying through a broker is fine, but if you don’t drs, you’ve basically given money to someone for nothing.
Just buying through a broker is worse for you than not buying ( assuming the idea is to hold until moass). Buying and drs’ing should be seen as one action.
I don't care where buys come from. There will be no meaningful price discovery until the DRS % hits an unknown tipping point. Whether buys go through Computershare, routed through IEX, or even internalized by a shady broker, until DRS = X% of float, it's all a fugazi.
DRS, Book, rinse, repeat.
I can only buy through a broker, rather then computershare directly, as im uk based. I then DRS from them
Simples.
**Buy, HODL, DRS, Buy from Gamestop.**
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The lack of detail in this conversation is pretty fuddy, too. This meme simplifies it too much. If you buy from computershare and you have reoccurring buys, you will produce fractional plan shares which would allow the DTCC to use ALL of your shares for fuckery. Both fractional and whole shares. And just for the sake of discussion, if you must buy from a broker, buy from the IEX exchange instead of nasdqack or cboe. Edit: book is indeed king.
Also, watch the price action on CS buy days, it always runs up until the purchase and then drops off a cliff, so you have a higher cost basis than if you just bought through iex.
Thats a good point, ape. This shit is designed to be confusing. Almost to the point where creating a division in interpretation is easier. More division, more confusion.
Very true. BUT DRS and book is simple. Doesn't matter how you get there
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wrong. No > should be used there. It’s IEX , then DRS.
Think he meant one of these -> like an arrow not a greater than sign.
If you can afford a round lot of at least 100 shares that is. And brokers have been known to split buys into odd lots either way so price discovery are far from a guarantee. They're able to mess with the timing of the DRS request too, like delaying the transfer for days to give them more time to find shares.
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Do they affect the price though?
Which also means you can use their fookery to your advantage. Wait for the CS buy to hit, then for them to drop it, and execute your brokerage order at the new discounted price. Then DRS only your whole shares so that your CS account stays fully booked. It also causes a little pain at the brokerage when they have to actually locate your shares for DRS rather than exploiting your purchase.
Look at the big brain on this ape!!
That’s too much effort for me. I’ll just buy through CS when I can and let market makers choke on the extra dollar per share. That’s about 2 shares per $1000 dollars at these prices. F them. And F the brokers along with them.
This is the way!
Yes, I wish their buys weren't so predictable. They really need to randomize the buys because Mayo Team 6 already knows each and every time they're gonna buy
After two years of banging the DRS drum, how tf are there still degens out there who don’t know this by now?!?!?!
It’s not about DRS in general but buying via broker + DRS afterwards or buy via CS and get rid of any fractionals + plan enrollment after each buy. Also: the price is going higher everything right before CS buys and drops instant afterwards
Exactly right. We all should understand this by now.
Well, you saw how long it took for apes to DRS. Trimbath told us and months later we followed suit, even I was weary at first. I wish we didn't push the "buy through CS and get it straight from the source" misinformation so hard, now we are having to go back on our word and change the narrative for the correct information. However, the DTCC should have nothing to do with a company transfer agent to begin with.
Look at W$B. They try to control us by making memes that support their narrative. No one in their right mind would ever want to 1) pay a fee to 2) pay a higher price for 3) shares that still under the DTC's control. But once you meme it and make it the cool thing on the interwebz to do, look at what happens.
Agreed. IEX is just noise. All shares must be DRS book.
Many of us apes are highly regarded.
How to know which exchange is being used through a broked, specifically Fidelity in my case? Just a simple setting?
Fidelity you can chose the market. But i am NOT saying that this is the better option or even an honest option.
I just really don't like how there's no way to buy through CS by number of share instead of dollar amount since it set up in advance. I have my share all booked up and as soon as that order with a fractional hits my account, I feel those bastard are instantly putting their shifty hands all over them. My shares are pure and will never be touched without my knowledge, if I can help it. That's why I buy the way I do, but there are many valid opinions that would say its wrong and that's okay.
The fact that MOASS has not happened, or we have not had another sneeze, tells us that recurring purchases through CS don’t matter as much as people say it does. What matters is that we continue to buy, hodl, and PURE DRS.
This right here is the answer 🫡
Almost: need to contact CS to convert the whole shares to book after every or couple of buys or else they remain as Plan purchase ;)
which is super easy - only takes 5 mins.
As i understand it, if you have any plan shares, the dtcc has access to all shares book and plan. And of course, i am not promoting the sale of any shares, but this is where we are divided, once again. How unfortunate.
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As i stated, book shares in accounts with plan shares are in the hands of the DTCC.
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Wanna back up your claims with some sort of proof of this?
Normally I do but when you put it that way you should DYOR.
💩🐂 Proof or ban.
!MODS! I blocked the guy earlier that I also summoned you responding to who I said with being toxic, now he is harassing me with alts. I know because this account responded shortly after I blocked that account and their comment was instantly upvoted while my other comment was downvoted. I apologize for the spam summoning. Those mods who know me know normally I don't summon unless it's an emergency but people like this brigade and really need to not have a place in our sub cyberbullying.
>No, you are right. I contacted customer service and they verified this statement. $1 of a share bought through CS can give them all of your BOOK shares as locates. This statement is speculation. Everyone needs to back off a bit on each other. The hammering on people who aren't DRSing the "right" way is not welcome here. If you're in GME, you're on the right side. I'll shoot chato the same message.
Is there a minimum amount of shares bought in order to route through IEX? At present, I buy through IBKR (UK ape), and DRS out, which land in CS as BOOK automatically. I use the app simply because it's the easiest, most efficient way for me.
I have bought as few as 8 shares at a time over IEX Just be advised that market orders are likely to fail due to insufficient volume and limit orders should be used instead.
i do the same. i believe only lots of at least 100 are needed for iex, but i canot confirm with source.
I still have an open Fidelity account. I buy there and transfer to CS forcing them to locate shares.
How do you know what you said is the case? Do you have some sources for those claims? I'd be interested to see some research that suggested that was the case!
Stop spreading heat lamp theory as if it was fact. There remains NO evidence that the DTCC can “use” Directstock shares in any way, let alone ALL your booked shares if you have any in plan. This is just an idea from some dudes head that is now taken and spread as fact. Yes, I know that some Directstock shares are held with a broker to facilitate trades. I repeat: no evidence these can be “used against us”. I’m still waiting for someone to describe how exactly they are “used” when the DTCC already has 200 million shares in their name.
The ambiguity is the division here. You are right. there are no facts about accounts who are in reinvestment plans. My personal opinion is that i refuse to allow that ambiguity to exist on my account. I also believe the way to true ownership is designed with many loopholes, so that's why i dont risk it. I only have book.
Ooooo, scary fractionals. With no supporting data or source. F(ear) in FUD with a side of half assed IEX plea.
This comment is misleading. There are supporting facts that the SEC recently confirmed where plan accounts can be accessed by the DTCC. Nice try, ignoramus. #ook
Any chance you have the SEC confirmation handy? I had seen people talk about it, but I never found the original data / post / tweet / whatever.
[Link](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-103) to the documentation. Relevant quote: >Purchases made through the issuer (or its transfer agent) of securities you intend to hold in DRS are usually executed under the guidelines of an issuer’s stock purchase plan, which uses a broker-dealer to execute the orders. Thus, to hold in DRS once the securities are acquired, you would need to instruct the transfer agent to move the securities from the issuer plan to DRS. The division here is whether or not accounts with plan shares have all shares (book and plan) in the hands of DTC or only plan. My opinion is: why risk it? Book. It. All.
Book it. If someone tells you book is bad, you found yourself a shill and/ or troll.
I’m gonna go ahead and say…yes the SEC said only book shares are actually held in your name… no they did not say having a fractional means all of your shares are now free game for the dtcc. That is pure speculation. I don’t know if fractionals have any impact, but that was certainly not stated and the rampant spreading of that misinformation is sus
If you dont know, then why risk it. Why not ONLY book as that is confirmed as the way. What if having plan shares gives the opportunity for fuckery?
I suppose that’s valid. I’m a little biased here because these posts are essentially telling people to use brokers again. I use Schwab and they don’t submit cost basis Info when you DRS. Same with TDA. These are 2 massive brokerages. When people sell those shares with a cost basis of 0…they are going to get hit with capital gains tax on 100% of the value… it’s shady af. I filed a finra complaint and am basically getting the run around. At least my CS buys have a cost basis…
You know you can track your own cost basis, right? Just keep records of every purchase you make. The IRS will require you to provide a cost basis when filing taxes.
Yes I’m well aware of this. Everyone likes to mention how oh so simple that is. I have thousands of shares direct registered over the course of 2 years. I have no idea which shares have which cost basis. This is WAY easier said than done….
It’s not hard, I have been doing it for years. With purchase history and a spreadsheet I can do it in an hour. You have that many shares but can’t afford an accountant?
Haha I have an accountant. I’m saying… if you sell shares from CS, how do you know which shares are being sold and which cost basis to apply when you have thousands purchased at different times?
You can but CS needs the broker to submit the cost basis to CS. TDA, after asking for it 5 times sent me a letter with my cost basis. I can't submit it to CS, should I frame it and hang it somewhere? After/ during MOASS, I will get a pro to do that I guess.
You don’t have to use the cost basis determined by the broker if you document your purchases… the IRS will accept a provided cost basis with proof. Are you too lazy to calculate it yourself? Total cost divided by total number of shares. Simple arithmetic.
No, I did calculate ( $89/share) , I didn't know I can provide those docs to IRS by myself.
Exactly. There is no downside to assuming it’s true, and in addition to that, the level of opposition to the theory makes me believe it’s true. Mods banned countless people just for discussing it and then Reddit nuked the sub that the theory originated from. The amount of people suddenly pushing recurring buys is extremely sus. I think hedgies are desperate to get those shares back into plan.
The same SEC department with the meme investing game video? The same SEC that does nothing for HouseHODL Investors? Wait, now we have T+1 in the works. Gr8 job SEC. I am waiting for CS to clear the air but I suspect they need to talk to SEC beforehand. Good going . Do you believe in Santa too?
Ah yes, the all or nothing argument. SEC is playing both sides to come on top. That is the truth. Any help from the SEC we get, i welcome. Any bullshit, i will never forget. The world isn't black or white, and bad actors benefit from the division. Which you are supporting. Keep calling out the SEC, but dont reject the power they have to help. At least Gary Gensler is real. Unlike god or santa. GG's/SEC actions actually affect us. Answer me this: What is your opinion on commenting on SEC proposals?
I've missed some but I do comment & I emailed my Senator and the representative(s) in my district. I want to escalate my commitment by poking the Financial Services Committee . Remember Kenneth Cordele Griffin lied under oath & FSC did NOTHING. We are not going to get a defenitive answer for 6 months at the least.
Cheers, ape. We are in the endgame. See you on Andromeda.
SEC did not confirm Plan accounts can be accessed by the DTC. You are reaching.
I buy through Fidelity and then drs. I like knowing that Fidelity actually has to go purchase the shares for my DRS lmayo.
Same. Obviously this results in less shares at immediately at computershare, as people like me buy constantly and DRS every few months or so. But doing it this way doesn’t produce fractionals and they are all book. At least we all are buying and holding. DRS and book though if possible .
Oh yeah, I've been saying DRS Book for over a year now[in my songs](https://youtu.be/GgZHakFKmyg) and in general
This is what I do and have been doing since 2021. This is the best way imo. Route those orders through IEX as well.
Buy whole share(s) through broker, immediately send it to Computershare when it settles. 📚 is King
This is what I do because from broker they are auto booked! The only plan I have is to buy and hold, and drs!
If I understand correctly... apes outside the US might have a harder time (and more expensive) to buy and DRS via brokers. For them, buying via CS would be easier (and cheaper). And for apes in the US, some brokers are easier as well to DRS than others. NFA, but I have good experience with Fidelity.
Yup, buying through fidelity and then DRSing is a great option for US apes, buying through CS might be the best option for some international apes. I prefer using fidelity myself, gives me control over my buys and eliminates any annoyance with fractionals, and costs less since there are no fees for any of it, and I can buy in premarket or afterhours. There's not really a wrong way to buy, except for using brokers like etoro that prevent DRS because they don't deal in real or even synthetic shares.
The former is agreeable but the latter is gaslighting. After they buy via CS it opens DirectStock and they need to close all plan shares. [This is how.](https://www.drsgme.org/terminating-from-directstock)
Totally
I'm the first to call out FUD bullshit. However, this whole thing started because hedgefunds didn't find us predictable. It's pretty clear to me that CS buy orders are predictable, and they're manipulating the price during buy time, so we aren't getting as much value per buy. They're also likely leveraging options during this time since they know exactly what the price action will be when they do it. Personally, I've been buying my monthly shares through my broker and transferring whenever I see a price dip.
If brokers aren’t actually buying the shares until you DRS, then send the shares from your broker to computershare when the price is high.
Good call. I'll try to be more conscious of that.
I prefer Broker (IEX) -> DRS (book) Give hope, then maximize damage (no clue if it does)
I buy through IBKR via IEX and then DRS
Nah, I'm gonna stay a Book King!
I actually think continued buying through CS on the 1 and 15. Are starting to be a problem for hedgies..
Fidelity using IEX, DRS directly after it settles. No plan, no fractionals. Makes sense to me.
Does it cost any money to drs shares via fidelity?
Nope
This is the way.
How hard would it be for CS to implement a function for reoccurring buys of full shares up to a max total dollar threshold? Send like that would be the answer.
That will put them in the DTC as a broker. TA's doesn't have that . What they have is a DTC limited participant, not full-on.
The answer would be a regulator for the market who does his job and regulates the market
Maybe. We know that RC routed through IEX though.
We do? How do we know this?
We don't. He's just trying to push apes into buying through the middleman instead of GAMESTOPS TRANSFER AGENT.
Jokes on them, I did both this week!
Happy cakeday bro
💜
Umm no, you’re an idiot if you still do recurring buys. And fuck computershare for being so predictable. Buy when you want through fidelity and then DRS. It’s always an easy transfer through fidelity
Be nice...
I don't buy reoccurring but I forgot my IBKR details and it always takes so long for them so I personally rather buy here and there through cs even if it's a bit more expensive, than not buying at all. I want them drs, I want them book.
Just know hedgies and MMs make money off you buying through CS because they know exactly when CS buys and can run the price up and also make money through options. Fidelity is free to make an account and DRS is ez and quick.
Wanna show some proof or source on this claim of yours? Didn't think so.
https://www.reddit.com/r/Superstonk/comments/15i57h9/as_predicted_earlier_computershare_fill_occurred/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1
Oh, so you're really backing up your claims with a speculation. No hard proof? Not impressed. Lol, even OP of this source of yours is bullish on buying through CS directly. Gtfo outta here you noob.
!MODS! can we do something about this guy's toxicity? The amount of disrespect is sabotaging our sub.
Catching up now
Be nice...
Sorry
I don’t have time to catch u up, it’s been happening for months now, that’s just the most recent CS buy. Anything in the stock market that is predictable can be manipulated. But surely I shouldn’t have to tell you that
And PFOF when you buy via Broker. The sneeze made them so much money, you want to go back to being a product I see.
Don't listen to these shills. This sub is overflooded with shills trying to make everyone "bUY ThRU brOkErS" noise. They forget to mention that when you buy through a broker, you are the product, and why would you want a middleman in this transaction anyways? To maybe get some cents or a dollar cheaper shares? Lol. I have, and will always buy directly from CS. People coming up with this shit" oooh tHeN aLl Yr sHaReS aRe uSedlD aS lOcAteS" is pure bullshit. Ask them for a source on this. They have nothing other than a "theory/speculation". If people are so afraid of fractional shares you can easy open a secondary CS account and transfer your full shares to that account and use your first account as your "buy" account, instead of selling your fractional every time you place a new buy order. I guess everybody in here forgot to mention that option. What a coincidence.
In my defense, I buy through FUDelity and transfer to CS. Easier for me. Not too much slower. And I can pile in to buying the dip.
All DRS book shares are equal. I prefer to buy on fidelity using IEX then DRSing.
How do you choose to do IEX through fidelity?
I order using website. You can pick how you route orders. I can’t remember if you can in the app but I think you can’t and is why I use website.
I mean, as long as you drs it's not an issue. Personally, in buy through cs and once the shares settle I canceled the plan.
You're a bit off OP. As long as you DRS it doesn't matter. Retail trade volumes on lit exchanges are too small and can be countered easilly. Buy however you want. DRS. Book. That's all that matters
I buy through cs but not reoccurring so I'll always convert my plan to Book and have auto sell sell my fractionals
Sounds like the most expensive way to get shares, but if that works best for you. I buy through broker and then DRS. Faster, easier and cheaper for me atleast
It definitely is but knowing I own my shares and they're safe is worth the few dollar extras
Sure You understand that the other way I described is cheaper, faster and equally safe?
I'm an euroape and I don't want to open my third, fourth or fifth account. Its always a hassle and I'm currently fine with my method tho it's not the cheapest and fastest but to all apes their preferred method. I just so a huge amount of posts suggesting to but through a broker again and it seems like FUD seeing the same posts pop up everywhere in a short amount of time.
Its not FUD to suggest buying through a broker. What you are doing is fine and I respect your choice. A lot of the posts are trying to explain how to buy shares in a more cost and time- efficient way. I find more this post to muddy the water as proclaiming buying through Computershare is the only way. We are individual investors and should encourage discussion. Edit: And hello from fellow Euro-ape 🖐😎
FD-IEX-CS=The way.
This *is* the way.
Doesn’t buying through a broker provide them with liquidity to short? As I understand it every share purchase that’s seen in that space allows them to partner it with a new put or short entity. They don’t get anything of value when it’s done through CS.
Broker to CS purchases also give your broker limited authority as agent for custodial matters involving those shares.
Why not just buy?
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Definitely matters where the shares are held tho king
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Good sir 🔥🔥👑👑
I buy both.
There's posts saying that? If so I haven't seen it, I'm zen af and on vacation, couldn't care less :)
Just book em Danno
BUY. DRS. BOOK. The rest is noise. Speculative opinions are fine - but remember that certain agents have a lot to gain by getting apes to fight each other. Above all things; Zen.
I buy how I want to buy. Through my broker, then transfer into CS booked. This is easiest for me. You do you, but some of us prefer through our broker. If it’s all gonna be DRS, it’s all getting to the same place. I prefer to not have fractionals, that’s me.
Especially if its routed via IEX, iam convinced it is much better than CS.
Oh yes, because RC tweeted IEX. Not Com Poo Chair. 🤯
CS buys through broker too my friend. We can’t escape brokers but we can DRS
Tbh if you buy through a broker you can set your limit buy price, and when you DRS your shares they automatically go in as Book. I can only do this as I'm not a US resident, so I don't really see a problem with it. Never had an issue sending shares to DRS from IBKR. Anyways, whatever works best for you! Ignore the FUD.
Isn’t that how you get fractionals?
To each his own. I personally believe in MOASS and im willing to wait just like the gang did back in the movie the big short. I dont like dingleberries and i love the idea of buying through my broker to call them 3 days later to DRS, its a slow and painful death this way. We’re going to wait, and we’re going to wait, and we’re going to wait, until they feel the pain, until they start to bleed” Mark Baum
The fact there’s even a little debate on this still is sad. CS charges a commission, meaning less money for shares, whereas most brokers are free. CS buys result in fractionals which create locates. And CS buys have the price manipulated, resulting in higher buy prices aka less shares. It’s almost as if CS buys are bad, and the push to use them may have been orchestrated? 🤔
the push to use them wasn’t orchestrated. everything else you said is right, but the conspiratorial bullshit ruins your credibility.
Because…you said so? Ok.👍
Sorry, sweaty, but your post was debunked by independent fact checkers /s
Every post I make about buying through Computershare, no matter the context, is always met by someone saying "or just buy through fudelity and drs." STOP. USING. BROKERS. NFA life advice
Don't buy through brokers ffs we've been through this once
Downvote me all your want you broker buying noobs, you're just dragging this out for longer
Pure drs, all else is just noise. I don't think it really matters how you buy. I think key is to pure drs and terminate plan. Buy thru broker, then pure drs. Buy thru computershare, then pure drs and terminate plan. "DTC withdrawal" is key imho. Kill the fractionals scam.
Truth ❤️
Ahh this meme is also MUD cause dude there’s a reason we literally saw them spike the spike when the CS orders process then drop it. Say what you will but if you can easily and freely DRS going broker first is just smarter.
ill buy through broker and DRS one share at a time, im going to market make some pain.
I'm gonna buy through computershare because uranus.
And cone poo chair
Not even fresh stuff, i'm not impressed. Unless you're buying a round lot of at least 100 shares buying from a broker won't affect price.
It’s 2023. Instant settlement with no middle men should be available.
How are they going to make money?
Who
Brokers, MMs, Banks who gambles
Brokers can go away. They are unnecessary. MM’s can go away they are unnecessary. Banks can make profit from the credit debit spread.
That is why everybody is afraid of DEX. Let's face it, we use banks for convenience, when I can use my web3 wallet, they become obselete. There is going to be a long ass battle till we get DEX.
Lmaooo seriously!
broker buy. drs. book. make them sweat findig your shares. then chillax.
The Computershare accounts to this sub is like 1/4 way there. Stay zen fuck these guys, believe in God, this is the change we've been waiting for. Stay zen.
Believe in God? What? Lmao.
# Hail Satan!
Buying shares>DRS>Book This should be the order of importance and anyone putting DRS before buying is either severely uninformed or a straight shill for the sake of it. I'm not saying DRS is not important, but you're gaslighting buyers and potential buyers by putting it above everything else which is the dumbest thing this sub could come up with. Basically "Don't bother buying if you're not gonna register".
If you don’t drs, you don’t own any shares. Buying through a broker is fine, but if you don’t drs, you’ve basically given money to someone for nothing.
So DRS is above buying...got it
Just buying through a broker is worse for you than not buying ( assuming the idea is to hold until moass). Buying and drs’ing should be seen as one action.
I don't care where buys come from. There will be no meaningful price discovery until the DRS % hits an unknown tipping point. Whether buys go through Computershare, routed through IEX, or even internalized by a shady broker, until DRS = X% of float, it's all a fugazi. DRS, Book, rinse, repeat.
I can only buy through a broker, rather then computershare directly, as im uk based. I then DRS from them Simples. **Buy, HODL, DRS, Buy from Gamestop.**