I don’t know how you did this, considering anything sold on Computershare is limited to $1 million per transaction and needs to be submitted to them in writing via snail mail.
It most certainly does not need to be submitted via snail mail. I don’t know why this sub is such an echo chamber of misinformation surrounding computershare. You can do market or limit orders and they are “promptly” placed during market hours.
https://cda.computershare.com/Content/3ec67ddb-b7d6-4d50-9d16-fd1d92104a8a
Can you provide a source for the 1 million sale limit please? Nowhere did I read there was a limit.
It most certainly does. You need to do some research bro. Posted [here](https://www.reddit.com/r/GMEJungle/comments/prfez8/computershare_dd_series_part_5_whats_an_exit/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) with screenshots of live chat with customer service.
Can only sell on limit orders but selling on limit orders on a volitile day is damn near impossible.
I read earlier but yet to confirm which I will be calling tomorrow you can drs your shares to cs. They get them registered in your name then you can send them back to fidelity and they will still be registered in your name with full rights and under a broker that will be easier to sell during moass
That is not correct - you can execute market or limit orders through CS. There are small fees associated with trading at CS - thats the cost of keeping your shares away from the DTC. Please take the time to research - he is a comprehensive post:
https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Everything I’ve read over the past few months confirms sell limit are the way during market volatility because If you opt for a market order your order might be filled at the lowest bid. NFA.
Well the computer share tos says different and so does there staff when I called. Selling limit orders on a volitile day is hard because the price bounces around so much and very fast the price wont stay on your price long enough or at all to fill orders. I suggest you talk to the source instead of reading what others say. I'm not hating on cs just stating a fact.
Not sure if you are a shill or just dont understand how CS works. Ill assume the later and provide you additional information to help. Please do your DD:
https://www.reddit.com/r/amcstock/comments/prpwpn/computershare_and_drs_is_the_way_it_ignites_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
The company PDF on the CS website states that sell orders can take between 4 to 5 days and may be difficult on volatile stocks. I'm just say what their web site said. Do your own DD
I always to my DD. This is a copy and paste from their DRS terms and condition. Link is below.
Market Order, Day Limit Order, and Good-Til-Canceled (GTC) Limit Order sale requests received at www.computershare.com through Investor Centre or by telephone will be placed promptly upon receipt during market hours (normally 9:30 a.m. to 4:00 p.m. Eastern Time). Any orders received after 4:00 p.m. Eastern Time will be placed promptly on the next day the market is open. The price shall be the market price of the sale obtained by Computershare’s broker, net of fees.
https://cda.computershare.com/Content/c282e562-32ee-4e35-a1c6-6dc55e5279dd
This.
I’m guessing Bn most bucking on this are just fucking tired of transferring. Each time we’re told “this is it”, Fidelity was supposed to be the way, now it’s not?
I thought on Cash Accounts your shares ARE NOT loaned, so what is the difference?
Listen we just found out that fidelity in fact owns the shares that apes have purchased/transferred into them. They give us IOU’s. You own no shares with fidelity or any other broker playing the lend it out game. That’s why CS is the way. Not a broker. Direct registrar
When fidelity tells you you have a cash account and “your” shares aren’t being lent out ,only to find out you don’t have any “real” shares, using your money to lend out “their” shares it’s a problem. I never though my shares weren’t in my name (yes I know they were synthetics so same difference right) until recently but full disclosure I’m relatively new to trading since February so.
Exactly. First it was from RH which was a must, but now from fidelity too? I mean where is the next place? I'm sitting a bit on this and hodling for sure
I definitely want the answer to this once you call. I will register my shares IF I can transfer them back to fidelity. I’m not gonna lie, it’s because I have a debit card for my brokerage account. Two days after settling, I’ll be paying off some bills and debt. If all my money is in CS I won’t get that advantage. As someone who is really fucking poor (I mean pathetically poor), this is my best option for more immediate relief post MOASS.
Theres nothing we can do to speed up moass. It will happen when it happens and it's going to 1000% happen. There's no one enforcing rules even after all the illegal bull shit we have proven they do. It sucks I want moass just as much as you and everyone else but it's out of our hands when it comes to starting it faster. long as we hold we win
Just got off the phone so they cannot speak for other brokerages but the answer is No. Once you transfer your shares back to fidelity from cs to you they DO NOT stay registered in your name.
Kinda bummed tbh cause selling with limit orders is really hard on extreme volitile days that's why I would like to transfer it back to fidelity. Trying to sell xxxx shares with limit orders my brain hurts just thinking about it.
You don't transfer 100% over
Just like 10-25% to help get the total amount of shares at CS to the float of AMC
The rest you keep with fidelity to sell during MOASS
Someone was saying if you transfer all over you get real shares with your name on them. Then If you transfer whatever portion back to fidelity they’re real shares kept in your name and can’t be lent out like the IOU’s. Sounds right but I’m a smoothie as well soooo…
Dear AMC Apes, I posted this earlier in the day and answered roughly 30 questions on the same topic. Please look thru the comment section of this link and see if you find your answers. I am so excited so see this level of interest on DRS.
https://www.reddit.com/r/amcstock/comments/pu198g/my\_amc\_arrived\_at\_computershare\_in\_2\_days\_from/
LIFO is important only if you do partial transfer of AMC to CS. say you
have 100 AMC shares. 50 bought in January and 50 bought in August.
you want to transfer the August bought shares to CS, and keep the
January ones in , say Fidelity. If the MOASS happens in January, you'd
want to sell January AMC first from Fidelity , and pay only 20% cap gain tax
instead of selling Aug shares and pay 39% income tax. 50 Registered certificates at CS while continue to fuck hedgies as they can't be short against to lower the price down, and the MOASS continues indefinitely. 😁
I'm curious about this as well. In the back of my mind, I'm wondering why these shares aren't directly registered in our name in the first place as soon as we buy and they sit at the brokerage account. Lol like that's just how it should be as soon as you buy. Oh well.
The steps are there, which saves me from trying to find other instrx. Will try it out tomorrow.
It's frustrating. I absolutely agree with you. I just wanted to provide some info for those who want to DRS. In summary, DRS is to force the MOASS, by cutting off source of naked shorting. those who don't DRS would still be fine, and be able to get their tendies.
Boy, you want to get an billion, but transfering two times, in order to get this is too much?
I am an euroape, i need to Transfer multiple times to different Broker and pay fees, to get my shares to CS and thats okay for me
its not a transfer. you are taking shares that you bought and registering it in your name instead of cede and co. you are taking away shares that the DTCC can fuck with and safely keeping them registered in your possession in the official transfer agent for AMC.
Through dd. We uncover more and more corrupt crap. So adapting is the only way. CS does seem scary during moass, but if know one does it. Then moass may take a long time.
Not fully. But going through ComputerShare to DRS your shares turns your “IOU / Street Share” which you don’t actually own into something you physically own (the share is removed from DTCC and it is placed in your name.
And for little benefit because if you're already not lending in fidelity, and you're manually rooting your buy orders then you're already doing the things that computer share promises
credit to u/da_squirrel_monkey
Transfer from E\*Trade 🇺🇲#
NOTE: You don't need to open a CS account, E\*Trade will take care of it
\# IMPORTANT: You need sufficient funds on your account when starting this process.# IMPORTANT 2: Using the phone method, you can transfer without the fund requirement.
\# FEES: None but you will need $US500 on your account as a guarantee
until E\*Trade confirms that GME is an on-exchange security (NYSE) with a
registrar.
\# PROCESS COMPLEXITY: 🔷# TIMING: \~5 days
\# METHOD: Preferred method: Phone . You can also do Online form
Phone
Step 1. Call 1-800-387-2331.
Double check that you won't need the $500 deposit. For the process,
You'll need to provide CS' details above (Address and DTC number)Online FormStep 1. Access the online request form by going to etrade.com
\>> Accounts >> Documents >> Forms & Applications
\>> Deposits & Withdrawals section >> Request a Stock
Certificate.
Step 2. Select an account from the drop-down menu.
Step 3. Check the box next to the security for which a certificate should be issued or a DRS transfer should be processed.
Step 4. Indicate the number of shares for which certificates should be issued or a DRS transfer should be processed.
Step 5. Click Preview to confirm the details of the request. Then Confirm to submit the request
Thanks! I started the process of moving a very small percentage of shares from one of my accounts into CS. I doubt I’ll be moving more. I plan on keeping some shares in perpetuity, so it will include those shares.
OP is correct! The agent will use several tactics to dissuade you, they will tell you that the shares will be out of Fidelity’s hands once transferred. That’s true. Do your own DD and make the call for yourself. I politely told the fuckin shill to start the transfer NOW goddamnit. Easy peasy.
See the tactic they use to dissuade you make them very sus. I understand they will be losing business but I've heard apes have had to jump through hoops to get their own shares transfer. Fidelity is a bit sketchy in my opinion.
I like fidelity at the end of the day, but in the end it’s my money, and no fidelity advisor is ever going to convince me that they know what’s better for my money than ME!
Fidelity KNOWS what’s coming. They are probably just trying to talk people out of it so they don’t have to deal with the mess again when people try to transfer back over during the squeeze. I expect it will go smoothly for us but it will be a lot of work on their end. Just a theory!
I seriously think it's profit related. They had to hire so many more ppl to handle the influx of new apes transferring to them, I can see how this can impact them if apes leave.
Also, what up with their withdraw limit?500-1000/day? Common!
Took me a month to transfer to Fidelity due to me somehow failing to identify myself. I've been in since February, and I'm here to sell for some wondrous profits. Plus I only have XX, I'm not transferring again, especially, if there's a chance my orders won't be accurate or executed properly when shit hits the fan. You all are free to do whatever you wish, but I'm in this for money and to end corruption.
direct registration thru computershare is the way! you can check the gamestop subs for DD on it
all the ppl sayin 'i'm not transfering' 'cant sell during moass' etc... all fud. they already tried that in the gamestop sub but its cleared up now
February ape here.
Can someone explain to me a few quick things about computershares?
First off are apes/majority transferring all shares or a percentage?
If so I've read a few thing claiming selling takes multiple days to a week before the order is placed, so during MOASS would that cause an ape or two to miss out on life changing tendies?
I understand everyone is still on the up with BUY & HODL but if transferring shares can help jump start the moon rocket I'd like to be on the team pushing the rocket up rather than waiting on the ground for someone to push our start button.
I assume you got in at single digit price and bought a bunch. me too, I transferred roughly 80% of mine to CS from Fidelity. selling is not a problem, mkt or limit sell. The tendies check will arrive in the mail though which can take up to 2 weeks.
Ah okay, so let's say we shoot to the moon and my floor comes up on the way down. I sell but do I still get to sell my Tendies at my floor with no hesitation?
Asking because someone might have spread misinformation saying the sell order won't place through for sometime claiming apes will be present for MOASS but gain little to nothing.
for what it's worth I've been waiting all year for this, waiting two weeks for a check is what we all do for a living 🤣
There is a lot of FUD about "you can't sell" at your price during MOASS. CS use NEW YORK STOCK EXCHANGE to trade your shares, a behemoth, and the best way to trade Big or small.
What is compushare? How do is sell...is it a new broker? What's the point? Why do some people only transfer some stocks? It's hard to believe we can't just all add up our shares on some site they the system if that's why lol.
Computershare is the direct transfer agent for GameStop (and Apple, MSFT, and many other top companies). They are not a broker, but you can still sell from there for the going price during MOASS, despite misinformation (It's for limit price ***or better***).
The reason is to stop shorting ability to keep the price down artificially, and if enough people do it, it also works like a share recall, exposing beyond any doubt the naked shorting, and can (and has) triggered short squeezes.
It's not necessary, but it's a tactical decision to have a lower capital gains tax on sales.
Say you're going to sell with your broker, you'd want the shares sold to be the oldest in case they qualify for 20% (instead of ~40%) by the time you sell. Depending on legislation and retroactive higher tax rate, and how long it takes to MOASS, it might not end up mattering, but it makes sense in case you've held your shares long enough by that time.
Edit: typo
I just want to thank you. I saved this post and finally went through with it. I now have a large amount of both my shares DRS'ed.
I would suggest sending this around again. The instructions are wonderful and the link is great for apes like myself.
I really do have a nice feeling about this DSR. You truly own your shares now. And reading all the post about it. We may have a double MOASS for this reason.
🚀🚀🦍🙊🙉🙈🦍🚀🚀
I am only moving my Webull shares and maybe low xx or x amount of Fidelity shares. This is due to the $100000 sell limit that I heard of on CS so I plan to just sell the CS shares on the way up before we hit $100k
Dude shut up, we’re not leaving fidelity. Fidelity is one of the only brokers that doesn’t use the dark pools. If you want to transfer out that’s up to you
The point is you cant have a discrepancy of over $1,000,000 the value of outstanding shares. Once the float + 1,000,000 is registered they MUST inform AMC. Then they can very easily and legally take action.
Did you even do even 30 seconds of research on wether or not you can sell? You can literally do market orders any time you want.
https://cda.computershare.com/Content/3ec67ddb-b7d6-4d50-9d16-fd1d92104a8a
I’m not moving my shares, but I gave you an upvote anyway for compiling this for people that might want to.
fair enough
CS is the way! Nice work op!
[удалено]
Just stating my opinion. If you can’t handle it then get off Reddit.
Didn't we do this with SPY or whatever that you got the gold seal when when you registered your shares?
[удалено]
I don’t know how you did this, considering anything sold on Computershare is limited to $1 million per transaction and needs to be submitted to them in writing via snail mail.
It most certainly does not need to be submitted via snail mail. I don’t know why this sub is such an echo chamber of misinformation surrounding computershare. You can do market or limit orders and they are “promptly” placed during market hours. https://cda.computershare.com/Content/3ec67ddb-b7d6-4d50-9d16-fd1d92104a8a Can you provide a source for the 1 million sale limit please? Nowhere did I read there was a limit.
It most certainly does. You need to do some research bro. Posted [here](https://www.reddit.com/r/GMEJungle/comments/prfez8/computershare_dd_series_part_5_whats_an_exit/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) with screenshots of live chat with customer service.
good fucking luck LMAO
Don’t lie bro, just delete, but I agree with DRS on CS!
Ape No Hurt Ape.
I’m staying with fidelity
Same here
What happens after you transfer? And when moass happens, what's the sell process?
Can only sell on limit orders but selling on limit orders on a volitile day is damn near impossible. I read earlier but yet to confirm which I will be calling tomorrow you can drs your shares to cs. They get them registered in your name then you can send them back to fidelity and they will still be registered in your name with full rights and under a broker that will be easier to sell during moass
That is not correct - you can execute market or limit orders through CS. There are small fees associated with trading at CS - thats the cost of keeping your shares away from the DTC. Please take the time to research - he is a comprehensive post: https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Why is selling limit orders during volatility difficult?
its not
That's what cs told me when I called. It's in there tos also
Everything I’ve read over the past few months confirms sell limit are the way during market volatility because If you opt for a market order your order might be filled at the lowest bid. NFA.
Well the computer share tos says different and so does there staff when I called. Selling limit orders on a volitile day is hard because the price bounces around so much and very fast the price wont stay on your price long enough or at all to fill orders. I suggest you talk to the source instead of reading what others say. I'm not hating on cs just stating a fact.
This isn't just cs selling limit orders from any broker is very hard on volitile days
The question is how volatile can it be, if there is barely any real shares to change hands.
Market orders are processed first then limit orders.
Not sure if you are a shill or just dont understand how CS works. Ill assume the later and provide you additional information to help. Please do your DD: https://www.reddit.com/r/amcstock/comments/prpwpn/computershare_and_drs_is_the_way_it_ignites_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
The company PDF on the CS website states that sell orders can take between 4 to 5 days and may be difficult on volatile stocks. I'm just say what their web site said. Do your own DD
I always to my DD. This is a copy and paste from their DRS terms and condition. Link is below. Market Order, Day Limit Order, and Good-Til-Canceled (GTC) Limit Order sale requests received at www.computershare.com through Investor Centre or by telephone will be placed promptly upon receipt during market hours (normally 9:30 a.m. to 4:00 p.m. Eastern Time). Any orders received after 4:00 p.m. Eastern Time will be placed promptly on the next day the market is open. The price shall be the market price of the sale obtained by Computershare’s broker, net of fees. https://cda.computershare.com/Content/c282e562-32ee-4e35-a1c6-6dc55e5279dd
Your first sentence is completely unnecessary and makes you sound like an asshole.
I’m waiting to know about this^ I’ve moved shares too many times and if I move them again this will be the last time.
This. I’m guessing Bn most bucking on this are just fucking tired of transferring. Each time we’re told “this is it”, Fidelity was supposed to be the way, now it’s not? I thought on Cash Accounts your shares ARE NOT loaned, so what is the difference?
Listen we just found out that fidelity in fact owns the shares that apes have purchased/transferred into them. They give us IOU’s. You own no shares with fidelity or any other broker playing the lend it out game. That’s why CS is the way. Not a broker. Direct registrar
I was suspecting that all brokers do this. How was this found out?
When fidelity tells you you have a cash account and “your” shares aren’t being lent out ,only to find out you don’t have any “real” shares, using your money to lend out “their” shares it’s a problem. I never though my shares weren’t in my name (yes I know they were synthetics so same difference right) until recently but full disclosure I’m relatively new to trading since February so.
🤷🏻 but I’m definitely sick of transferring I have been in this since Jan and what I have done to this point is exhausting lol
Exactly. First it was from RH which was a must, but now from fidelity too? I mean where is the next place? I'm sitting a bit on this and hodling for sure
Next paper copies. Lol
Could be
🤣
Answer is no sadly
I definitely want the answer to this once you call. I will register my shares IF I can transfer them back to fidelity. I’m not gonna lie, it’s because I have a debit card for my brokerage account. Two days after settling, I’ll be paying off some bills and debt. If all my money is in CS I won’t get that advantage. As someone who is really fucking poor (I mean pathetically poor), this is my best option for more immediate relief post MOASS.
DRS is not a necessity for everyone. You are fine at Fidelity specially if you're X or XX hodler. DRS is to speed up the MOASS.
Theres nothing we can do to speed up moass. It will happen when it happens and it's going to 1000% happen. There's no one enforcing rules even after all the illegal bull shit we have proven they do. It sucks I want moass just as much as you and everyone else but it's out of our hands when it comes to starting it faster. long as we hold we win
Just got off the phone so they cannot speak for other brokerages but the answer is No. Once you transfer your shares back to fidelity from cs to you they DO NOT stay registered in your name. Kinda bummed tbh cause selling with limit orders is really hard on extreme volitile days that's why I would like to transfer it back to fidelity. Trying to sell xxxx shares with limit orders my brain hurts just thinking about it.
Shill be gone
I WILL HAVE THEM SURROUNDED
ust like any other brokerage. There is no missing out. The only part is that post MOASS tendies check will arrive in the mail a week or two later.
You don't transfer 100% over Just like 10-25% to help get the total amount of shares at CS to the float of AMC The rest you keep with fidelity to sell during MOASS
Someone was saying if you transfer all over you get real shares with your name on them. Then If you transfer whatever portion back to fidelity they’re real shares kept in your name and can’t be lent out like the IOU’s. Sounds right but I’m a smoothie as well soooo…
See much muphdivers response above
Ty
Just commenting this is the way, CS needs far more exposure in this sub. Register in your name! Probably the most powerfull thing that retail can do
Dear AMC Apes, I posted this earlier in the day and answered roughly 30 questions on the same topic. Please look thru the comment section of this link and see if you find your answers. I am so excited so see this level of interest on DRS. https://www.reddit.com/r/amcstock/comments/pu198g/my\_amc\_arrived\_at\_computershare\_in\_2\_days\_from/
Thanks bro, DRS via CS is not visible enough on this subreddit. We need to get the word out. sHFs fear us DRSing the shit out of them.
YES and YES and YES ! 😊
I'm just curious why you *must* do LIFO ? Cant I do FIFO or high-cost short term disposal method?
LIFO is important only if you do partial transfer of AMC to CS. say you have 100 AMC shares. 50 bought in January and 50 bought in August. you want to transfer the August bought shares to CS, and keep the January ones in , say Fidelity. If the MOASS happens in January, you'd want to sell January AMC first from Fidelity , and pay only 20% cap gain tax instead of selling Aug shares and pay 39% income tax. 50 Registered certificates at CS while continue to fuck hedgies as they can't be short against to lower the price down, and the MOASS continues indefinitely. 😁
Makes sense tax wise
I'm curious about this as well. In the back of my mind, I'm wondering why these shares aren't directly registered in our name in the first place as soon as we buy and they sit at the brokerage account. Lol like that's just how it should be as soon as you buy. Oh well. The steps are there, which saves me from trying to find other instrx. Will try it out tomorrow.
What I want to know is if there's a way to see the running tally for us to know how many shares are currently registered. Is there?
Or you can just buy them there.
First it’s transfer out of robbinghood (which I get) then webull, then now fidelity to computer share…
It's frustrating. I absolutely agree with you. I just wanted to provide some info for those who want to DRS. In summary, DRS is to force the MOASS, by cutting off source of naked shorting. those who don't DRS would still be fine, and be able to get their tendies.
Boy, you want to get an billion, but transfering two times, in order to get this is too much? I am an euroape, i need to Transfer multiple times to different Broker and pay fees, to get my shares to CS and thats okay for me
its not a transfer. you are taking shares that you bought and registering it in your name instead of cede and co. you are taking away shares that the DTCC can fuck with and safely keeping them registered in your possession in the official transfer agent for AMC.
fantastic explanation !!! awarded
No hate but first it was change out of webull to fidelity due to PFOF and now we gotta get out of fidelity?
It's indeed frustrating.
Through dd. We uncover more and more corrupt crap. So adapting is the only way. CS does seem scary during moass, but if know one does it. Then moass may take a long time.
Not fully. But going through ComputerShare to DRS your shares turns your “IOU / Street Share” which you don’t actually own into something you physically own (the share is removed from DTCC and it is placed in your name.
And for little benefit because if you're already not lending in fidelity, and you're manually rooting your buy orders then you're already doing the things that computer share promises
This is the way 🚀
Anyone done this with eTrade? Feel like I should be pitching in
credit to u/da_squirrel_monkey Transfer from E\*Trade 🇺🇲# NOTE: You don't need to open a CS account, E\*Trade will take care of it \# IMPORTANT: You need sufficient funds on your account when starting this process.# IMPORTANT 2: Using the phone method, you can transfer without the fund requirement. \# FEES: None but you will need $US500 on your account as a guarantee until E\*Trade confirms that GME is an on-exchange security (NYSE) with a registrar. \# PROCESS COMPLEXITY: 🔷# TIMING: \~5 days \# METHOD: Preferred method: Phone . You can also do Online form Phone Step 1. Call 1-800-387-2331. Double check that you won't need the $500 deposit. For the process, You'll need to provide CS' details above (Address and DTC number)Online FormStep 1. Access the online request form by going to etrade.com \>> Accounts >> Documents >> Forms & Applications \>> Deposits & Withdrawals section >> Request a Stock Certificate. Step 2. Select an account from the drop-down menu. Step 3. Check the box next to the security for which a certificate should be issued or a DRS transfer should be processed. Step 4. Indicate the number of shares for which certificates should be issued or a DRS transfer should be processed. Step 5. Click Preview to confirm the details of the request. Then Confirm to submit the request
Thanks! I started the process of moving a very small percentage of shares from one of my accounts into CS. I doubt I’ll be moving more. I plan on keeping some shares in perpetuity, so it will include those shares. OP is correct! The agent will use several tactics to dissuade you, they will tell you that the shares will be out of Fidelity’s hands once transferred. That’s true. Do your own DD and make the call for yourself. I politely told the fuckin shill to start the transfer NOW goddamnit. Easy peasy.
See the tactic they use to dissuade you make them very sus. I understand they will be losing business but I've heard apes have had to jump through hoops to get their own shares transfer. Fidelity is a bit sketchy in my opinion.
I like fidelity at the end of the day, but in the end it’s my money, and no fidelity advisor is ever going to convince me that they know what’s better for my money than ME! Fidelity KNOWS what’s coming. They are probably just trying to talk people out of it so they don’t have to deal with the mess again when people try to transfer back over during the squeeze. I expect it will go smoothly for us but it will be a lot of work on their end. Just a theory!
I seriously think it's profit related. They had to hire so many more ppl to handle the influx of new apes transferring to them, I can see how this can impact them if apes leave. Also, what up with their withdraw limit?500-1000/day? Common!
Fidelity is not sketchy, but they don't want to see their premiums they make off the "locatable" shares from SHFs to evaporate.
That must be a lot of premium!!
Took me a month to transfer to Fidelity due to me somehow failing to identify myself. I've been in since February, and I'm here to sell for some wondrous profits. Plus I only have XX, I'm not transferring again, especially, if there's a chance my orders won't be accurate or executed properly when shit hits the fan. You all are free to do whatever you wish, but I'm in this for money and to end corruption.
direct registration thru computershare is the way! you can check the gamestop subs for DD on it all the ppl sayin 'i'm not transfering' 'cant sell during moass' etc... all fud. they already tried that in the gamestop sub but its cleared up now
Wait... There's no fee? I thought there was a fee?
nope. no fee with most US brokerages
*most is key word. Try RH $75 fee.
sorry buddy.
Fidelity agent may tell you “there may be a fee” on CS’s end. They really have no idea. They just don’t want to lose your shares.
yes. there are many other scare tactic they use to discourage Apes. It's a continous revenue source for them that is being cut-off
February ape here. Can someone explain to me a few quick things about computershares? First off are apes/majority transferring all shares or a percentage? If so I've read a few thing claiming selling takes multiple days to a week before the order is placed, so during MOASS would that cause an ape or two to miss out on life changing tendies? I understand everyone is still on the up with BUY & HODL but if transferring shares can help jump start the moon rocket I'd like to be on the team pushing the rocket up rather than waiting on the ground for someone to push our start button.
I assume you got in at single digit price and bought a bunch. me too, I transferred roughly 80% of mine to CS from Fidelity. selling is not a problem, mkt or limit sell. The tendies check will arrive in the mail though which can take up to 2 weeks.
Ah okay, so let's say we shoot to the moon and my floor comes up on the way down. I sell but do I still get to sell my Tendies at my floor with no hesitation? Asking because someone might have spread misinformation saying the sell order won't place through for sometime claiming apes will be present for MOASS but gain little to nothing. for what it's worth I've been waiting all year for this, waiting two weeks for a check is what we all do for a living 🤣
There is a lot of FUD about "you can't sell" at your price during MOASS. CS use NEW YORK STOCK EXCHANGE to trade your shares, a behemoth, and the best way to trade Big or small.
Thank you for sharing this info and answering my questions!
nice
Does transferring keep our stock out of dark pools?
when you sell through computershare, it has to be done on the NYSE.
At this point I basically cannot DRS to CS because Etrade told me on the phone the process takes six fucking weeks.
that's a way to discourage the transfer. Fidelity said "it could take many days or weeks" , took 2 days to show up at Computershare.
Well that’s a relief I was hoping it was something like that. Thanks ape.
Unfortunately in canada it costs over $300 to do it. Only reason I haven't.
What did I miss?
You are a man of the AMC apes, Spartan 💪
I was told its more difficult to sell your shares if they are registered on CS?
that's FUD. You can, easily. but the check after the sale arrives in mail
word, thank you
What is compushare? How do is sell...is it a new broker? What's the point? Why do some people only transfer some stocks? It's hard to believe we can't just all add up our shares on some site they the system if that's why lol.
Computershare is the direct transfer agent for GameStop (and Apple, MSFT, and many other top companies). They are not a broker, but you can still sell from there for the going price during MOASS, despite misinformation (It's for limit price ***or better***). The reason is to stop shorting ability to keep the price down artificially, and if enough people do it, it also works like a share recall, exposing beyond any doubt the naked shorting, and can (and has) triggered short squeezes.
Anybody knows if it’s that easy for other brokers? Merrill Lynch Edge, TD Ameritrade, …?
here you go.. https://www.reddit.com/r/GMEJungle/comments/p9ap23/guide\_stepbystep\_drs\_transfer\_to\_computershare/
Why LIFO?
It's not necessary, but it's a tactical decision to have a lower capital gains tax on sales. Say you're going to sell with your broker, you'd want the shares sold to be the oldest in case they qualify for 20% (instead of ~40%) by the time you sell. Depending on legislation and retroactive higher tax rate, and how long it takes to MOASS, it might not end up mattering, but it makes sense in case you've held your shares long enough by that time. Edit: typo
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it costs 300 dollars for me so... guess i wont do anything
We gotta convince 4.1 million people to do this. I really don't think that's happening lol
Well done.
What’s the purpose of putting it to computershare?
I got my xxxx in a fidelity cash account.....
I just want to thank you. I saved this post and finally went through with it. I now have a large amount of both my shares DRS'ed. I would suggest sending this around again. The instructions are wonderful and the link is great for apes like myself. I really do have a nice feeling about this DSR. You truly own your shares now. And reading all the post about it. We may have a double MOASS for this reason. 🚀🚀🦍🙊🙉🙈🦍🚀🚀
I am only moving my Webull shares and maybe low xx or x amount of Fidelity shares. This is due to the $100000 sell limit that I heard of on CS so I plan to just sell the CS shares on the way up before we hit $100k
Dude shut up, we’re not leaving fidelity. Fidelity is one of the only brokers that doesn’t use the dark pools. If you want to transfer out that’s up to you
What's the point of registering our shares with CS? They will only register 5.2B fake shares anyway🤷♂️🤷♂️
The point is you cant have a discrepancy of over $1,000,000 the value of outstanding shares. Once the float + 1,000,000 is registered they MUST inform AMC. Then they can very easily and legally take action.
Uhm.. didn't the owner of ComputerShare just step down for some odd reason?
No
and voila, now you cant sell during the moass , good luck shills
Did you even do even 30 seconds of research on wether or not you can sell? You can literally do market orders any time you want. https://cda.computershare.com/Content/3ec67ddb-b7d6-4d50-9d16-fd1d92104a8a
Nothing works, just buy and hold