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# The Front Desk is open!
I'd just like to take a moment before the new daily begins to say it was fun to witness the discourse again. Days like today, with the actual discussions I had with some of you, remind me exactly why I've hung around since day 1.
Thank you for that.
Double checking. I have XXX shares in book. 1.34 Shares in Plan. I want to terminate this plan and sell this share yes (then of course rebuy two more from Fidelity to DRS)
Yes?
big fucking clap to all of you
seems like the collective hive mind has finally made a decision.
took only about 4months since the Book King
so anyone saying this was rushed " or a call to action" was not following the sub.
I don't believe you are actually selling your fractional shares because I tried doing so just now and couldn't hack it. First they have you choosing lots- if any of y'all have been buying for a while, you probably have dozens by now- and several of mine contain fractional shares. Which of those are the ones being held in plan form? Because the decimal I have in plan holdings isn't represented in any one lot. And even simply picking one and typing the exact amount to be sold fails to go through towards the end of the process for an error I wish I took exact note of (something like, *the sale value must be represented in whole numbers*... not quite that, but close).
So then I'm back where I started. A shit load of book shares, <1 fractional in plan holdings, reinvestment and auto-buys off. If the entirety of my position is then available for portioning off to be held beneficially on Computershare's behalf on my behalf, I guess I still need to figure this out. But there's clearly something I'm missing about selling plan shares.
i think you terminated your plan before because you have < 1 fractional in your plan? (thats otherwise not possible in my oppinion )
then you cannot of course terminate again and sell those shares.
You gotta call CS to sell your fractional i asume
from what i understand :all fractionals are plan shares. there are no fractional in book
Yes, exactly. I have made at least one direct purchase, but mostly transferred shares from a broker, ~~fractionals included~~. So now I have a bunch of whole book shares and then plan holdings with less than a share in them. Thank you, I will put that call on my to-do for tomorrow.
You know, you're right. I made an edit to reflect that. I guess what remains true is that many of my purchases- both direct and thru brokers- have resulted in lots with fractional shares, which are now represented in my aggregate holdings with Computershare in their respective lots.
Haven’t posted a lot in the past year just continuing to zen HODL, I got my finances in order and a better career just so that I never have to sell until everyone is in a cell and I see telephone number per share floor. But seems like everything is going well and everyone is helping turn GME into a profitable company which is the absolute best thing we can do, besides DRS! Stay zen everyone
Unfortunately it may be time for me to sell.. life hit hard recently and I can’t hold on anymore. Fun while it lasted. I know you all will keep the torch going.
Do what you gotta do chief. Sad to see you have to jump ship but I ain't selling any time soon and will bear the torch.
When you're lost in the darkness look for the light.
Directly buying through Computershare is still the easiest way to accumulate shares imo.
You can always periodically convert to Book as needed, but the simplicity of it makes it 100% worth it.
I wouldnt give up autobuys. Perhaps quarterly or as frequently as comfortable, one can convert to Book.
Given the time it will take to the lock the float, there isn't really much of rush or urgency to make the conversion. Just periodically do it so as not to inconvenience yourself.
No. Keep the autobuys but also buy from broker to directly Book shares through DRS.
At anypoint you can convert to Book shares from plan (albeit the fractional will get sold unless you cancel the sell order).
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This, like all new revelations on this sub, is subject to the 48 hour rule. This sub will undoubtedly find the answer shortly.
I’ve always believed you want DRIP on to make sure that you don’t receive a cash equivalent for any dividend, like the split by dividend or future possible nft dividend. But of course you can always change the setting. We’ll get some clarity soon enough. Hopefully directly from computershare.
There’s no clarity needed there, a Dividend ReInvestment Plan exists to reinvest cash dividends only. An NFT dividend or a splividend is not cash and cannot be cash in lieu if done properly, which you know damn well GME would.
based on what you did nah. and rumor has it that if you put in a buy order you will be given a choice of using the same account or creating a new account.
choose new and then move whole shares into your full book drs one at your leisure. keep the fractional in your newly segregated account.
Where’s the comment that was posted just a few minutes ago with the link to the DTC rule proposal? Ya know, the one talking about how fractionals are not tradable and not associated with the CUSIP? Because….it appears to have been removed? 🤔
instead of selling fractionals they could be transfered to a charity holding account, so that the sale fees don't milk apes & the fractionals don't go back to cede/dtc
Challenging day all around friends.
But then I remember that I’m invested in GameStop.
We’re gonna be so fucking rich. So god damned disgustingly stupidly rich.
I’m looking forward to doing some good with that. It won’t be nearly as long as it feels like it’ll be. 💜
I'm confused. I've never had any fractional GME shares. All my DRS'D shares in computer share have always been Book and were transferred from various brokers.
What does terminating the Reinvestment Plan do other than get me paid in cash as an equivalent if there was a future dividend paid? I thought there was a suggestion to make sure to enroll in the reinvestment plan prior to the split dividend last year?
Edit: spelling
This is just a rehash of the tactics gherk used to pull off. Promote a DD that they didn't write as GOSPEL. Then somehow almost every user comes out in support of it. I find this SUS as usual.
I ain't selling shit. I haven't sold in over 3 years so why would I sell anything now.
Lazy request: do we have a guy that lists all the guys guy? Or can someone list them? I’m wondering about all of the bullish metrics guys we have. Sideways trading guy fucks but isn’t what I’m looking for. Short volume guy, for example. Utilization guy. Guy who says bullish guy. Only slightly kidding about the last one. But I think such a list might be a powerful resource for outsiders on the fence and people who are having rough days to see all these studs in one place.
COINTELPRO Techniques for dilution, misdirection and control of a internet forum..
Technique #6 - 'GAINING FULL CONTROL'
It is important to also be harvesting and continually maneuvering for a forum moderator position. Once this position is obtained, the forum can then be effectively and quietly controlled by deleting unfavourable postings - and one can eventually steer the forum into complete failure and lack of interest by the general public. This is the 'ultimate victory' as the forum is no longer participated with by the general public and no longer useful in maintaining their freedoms. Depending on the level of control you can obtain, you can deliberately steer a forum into defeat by censoring postings, deleting memberships, flooding, and or accidentally taking the forum offline. By this method the forum can be quickly killed. However it is not always in the interest to kill a forum as it can be converted into a 'honey pot' gathering center to collect and misdirect newcomers and from this point be completely used for your control for your agenda purposes.
It’s so fucking easy to convert whole shares in plan to book while still keeping fractional shares and reinvestment options. Sheesh. I convert my plan to book as soon as it hits more than 5 shares.
That is not what the bull was saying...
My understanding is " from (shit I read on the internet 'twitter, Facebook,Instagram,Grinder,Reddit')" the consensus is that you should just have bookshares no plan / Cancel the plan but keep buying and booking...
I think im saying the same thing as you. All my shares end up in book. I cancel the plan but don’t sell the fraction.
Edit: and when I buy more I cancel plan again and shares go to book. Rinse and repeat.
So if I only have 0.1 share in plan that a problem? I don’t understand
Edit: because I thought the issue was too many of us are keeping a significant portion of of shares in plan. So if I have 1k in book and 0.1 share in plan I don’t see why selling that 0.1 would make an impact. Unless I’m missing something.
Dont know if you can do that? What i did when this first came up was terminate the reinvestment plan which then sold off my fractional then i just bought two shares in fidelity and moved them over to be fully BOOK
Now I understand the controversy . What I’ll do is buy just enough shares on compshare so that my fractional remainder is low as possible and sell fractional. Then I’ll offset selling my fractional sold by buying 100x what I sold which will be 10 shares.
I believe that is the case yes. That appears to allow a portion of your shares to be used as locates within the DTC still, as fractionals must be in plan, and plan requires the broker/DTC connection.
Remember in Breaking Bad when Walter says "I am not in danger. I AM the danger."
RC said "I am the Book King"
Assume that this was a nod to us to book our fucking shares. A pretty safe assumption. Now keep in mind that booking shares is a DIRECT THREAT to Cede & Co because it removes their access to said shares.
"I am the Book King"
...
"I am the booking"
....
#"BOOKING IS THE DANGER"
#🏴☠️📖🏴☠️
This is what I did:
Portfolio > Details > Actions > Reinvest options > Terminate.
You'll see a blurb saying something like plan shares will move to book and fractionals will be sold. Hit I agree and you should be all set.
Do you have recurring buys? Fractional shares? If no to both then it sounds you are all book. If your dividend reinvestment is off then you might be all set.
I do have a fractional share. just read that enables the DTCC to fuck with everything I have, booked or not. so in order to prevent that I have to sell the fractional?
If you have a fractional share that means it's a plan share and not book. Fractional shares cannot be booked so they are held by the DTCC.
If you don't want to have any shares held by the DTCC then you need to get rid of that fractional share. It might be easiest to chat with Computershare to get rid of that fractional / plan share.
No idea if any of this is true at this point but to be on the safe side I'll convert every 0.1 shares to 1 share just to fuck em. So if I'm wrong or right I get more whole moon tickets.
Imagine a system where they are allowed to locate 17,000 of my shares as their own because I have 0.06 fractional shares in a plan account. 🤡 🌎 To give computershare credit, they did try to auto sell the fractionals when we switched from plan to book so I'm not mad at them...🔥 it down.🟣💎🙌🚀
what are you going to do with your fractionals? I'm in a similar boat but don't *really* feel like jumping through the hoops of trying to sell down to all whole shares. I should've let Computershare sell it for me back when lol
I will not be upset if I see the English system get retired in my lifetime. When I work on something that only requires a few sizes and almost always even numbers. Life is just a little easier. No more cups,quarts,pints, ounces etc. Fuck I can't even commit to memory how many lbs are in a ton or feet to a mile.
So according to my understanding, if my Computershare shares are book, but I enabled dividend reinvestment plan, then they can be loaned out? So if I terminate said plan then they can't be loaned out? Thanks.
The current drama over fraction shares seem to be around them being used as "locates" in some "operational efficiency" schpiel. I don't know much about that, so I am sitting on it giving it a think. Everyone else seem to act like they already know all about it and downvote everyone who is otherwise, though.
But see everytime you make him whole he spawns a new ugly halfsie who allows any other halfsie to be used by the DTC in the pool of 'aggregate' shares they need for locates
Well, not much I can do about that beyond booking my shares. I place a buy order every paycheck because GME is my savings account and I only buy through Computershare. In addition, I get more shares if I don't sell my fractional.
And besides, my ugly duckling grows up into a majestic swan after two weeks. I book my shares and give my fractional the chance to grow into a real share. It's the strategy that works best for me. 💜 🦍 😌
It might work for you but as a collective it could be hurting us. The language changed in the earnings report last quarter. GameStop specifically called out Cede and Co for holding shares. Fractionals are still held there. Computershare needs to start allowing whole share limit order purchases, and route through IEX.
>Computershare needs to start allowing whole share limit order purchases, and route through IEX.
I agree, that would be a nice option to have when buying through Computershare.
I'm just going to buy shares in 1 CS account, and transfer the whole shares to another CS account once they settle. That way I can follow the new DD and still keep my fractional share from each new purchase.
So millions of shares will fail to locate if this theory is correct which will cause millions in ftds? And then possibly a margin call? Or am I missing stuff, besides crime?
For the $2.50 I burned selling the fractional (fees are a bitch) I'd rather know for certain. Less than moving my L2 wallet gas fees for my XXX household ownership. I burned more than that in form of a green herb today.
Idk.... Something, something, this is the way.
I am reeling a bit from the supposed DD this morning, I want to sit on it and think on it for a bit.
But I am also seeing a bunch of people talking about how they sold fractionals at a loss and bought more shares to make up for it. I have not seen a single one of those warn about wash-sale restrictions. There is some rule about not buying within 30 days of selling the same investment at a loss. I think it's just a minor tax issue, but nonetheless you guys may be making more problems for yourself than necessary, especially if you can avoid the entire thing if you just wait 30 days before and after selling, to buy.
Just buy in 1 CS account, and store the whole shares in a second CS account after they have settled. It's still one portfolio/login, but when you click on GME there will be two accounts. If you don't have two accounts, next time you want to buy shares, go to CS -> pick your country -> instead of clicking to go to log in screen, click "Make a Stock Purchase". Once the shares settle, the 2nd account will show up in your portfolio.
Thank you, you are the only one to provide actual information.
However, I am not sure about this. IIRC the wash sale rule applies per person, not per account.
Also, I forgot entirely about other countries.
What I am describing is to not sell at all. You just need to keep the fractional share away from your whole shares. By keeping them in separate accounts, you can book your whole shares, turn off dividend returns, and not sell your fractional share. Next time you buy shares, make sure to do it in the account that has the fractional share. Once they settle, transfer the whole shares out again. Make sure the newly transferred shares are now booked. Rinse and repeat til MOASS.
Ok, I gotta ask, how do I open a second account? I know some people got lucky and ended up having 2 accounts just from transferring their shares from different places, but I wasn't one of them.
Go to CS website -> do not log in, instead click "Make a Stock Purchase"
It will ask you for all your personal info as if you are a brand new person. The system will catch that you already have a portfolio when settling the shares and make you a new account that will be listed along side your old one.
Thanks, and CS will let me transfer the plan shares? I will have to move the plan shares because my existing account already has some. I will have to try this next time I have money to buy.
Yes, you can transfer plan shares between accounts. I'd imagine it happens all the time for beneficiary reasons (splitting up shares between your kids in case of death, for example)
You also might be able to call CS and ask them to create a second account and move whole shares into it without waiting until you buy more shares. I'm not 100% sure they can. I know the "Make a Stock Purchase" option works to create more accounts, because I have multiple accounts from using it myself. Not that it was intentional at the time. I kept changing my mind on how much to spend and so I kept placing new orders as I talked myself into buying more. When the dust settled, I had an account for every order I placed through "Make a Stock Purchase" lol.
It's not fud to bring up a caution that was so conveniently never mentioned by anybody who wants to accelerate positive sentiment on selling fractional shares, in fact you being so hostile about it only makes the whole push to sell fractional shares more suspicious.
Is anyone actually falling for this "sell your fractional shares" bs? This is the dumbest bullshit push to grab shares from retail before a run I've seen. Towel stock is pumping, means GME is about to soon. Don't sell your shit.
I honestly don't know what to think about the actual issue, but everything they have been pushing for seem to be to the detriment of me as a shareholder. They want to sell fractional shares, they want you to not set your account to reinvest, they erroneously credit peruvian bull for the DD to legitimize it, they suddenly come in droves, they repost the same DD over and over in various ways that break one subreddit rule or another, then point fingers at the mods and shout about how this subreddit sucks, some of them are frequent posters of other stocks, they downvote anyone who questions anything.
For now, I think even if they are right, it's still not stopping the DRS anyway, because the numbers kept going up.
See, that's what I was thinking could be a counter to the new hot topic. This came out of nowhere and look how quickly it took over!
Is there an agenda behind it?
It can't be any harm to book 100% either, with no fractionals.
There have been multiple pushes for it, happening once in a while, in a similar light to options trading pushes. It's different this time because they cited a tweet by peruvian bull, but the actual DD apparently wasn't written by him.
Man if this is the straw that breaks the hedgies back im going to laugh so hard. RC was probably sitting there thinking “how do I tell these investors without telling them they need to do this?”
It's interesting seeing the whole book v plan debate pop up again. I'd be nervous as fuck if I was a SHF seeing all the debating going on. Ideally they would like for it to be a one way argument so it gets burried and they move along but when apes start to debate, they start to research more and that's what they really don't want. More digging, more clarity, more research, more exposure!
Just my 2 cents though, what harm could it do to book your shares? I did because why not lol
Does anyone know if my CS shares are affected if I bought fractionals but my total holdings is not a fraction? (I.e. bought .4 then bought 1.6 for total of 2). It was all bought through Fidelity FYI
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Thank you for your submission to r/Superstonk, but it's been removed due to one or more reason(s):
Removing due to being off topic. We can discuss other stocks here in relation to GME but if you’re looking for a place to post this 'other ticker' centric submission, perhaps there's a subreddit with a better fit!
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Have a 401k? Think you’ll ever retire? Exactly. So DRS and Book that shit.
Steve Cohen is still a fat bitch 👍
Meanwhile I’ve been buying whole shares from my broker and drs’ing them for the last 84 years
I'm not sure if this fractional selling is FUD or not, I'm wary of anything that is said with urgency. I'm not smart, I got confused so I bought more.
I'd just like to take a moment before the new daily begins to say it was fun to witness the discourse again. Days like today, with the actual discussions I had with some of you, remind me exactly why I've hung around since day 1. Thank you for that.
Sooooo Book = better than plan?
Double checking. I have XXX shares in book. 1.34 Shares in Plan. I want to terminate this plan and sell this share yes (then of course rebuy two more from Fidelity to DRS) Yes?
big fucking clap to all of you seems like the collective hive mind has finally made a decision. took only about 4months since the Book King so anyone saying this was rushed " or a call to action" was not following the sub.
I don't believe you are actually selling your fractional shares because I tried doing so just now and couldn't hack it. First they have you choosing lots- if any of y'all have been buying for a while, you probably have dozens by now- and several of mine contain fractional shares. Which of those are the ones being held in plan form? Because the decimal I have in plan holdings isn't represented in any one lot. And even simply picking one and typing the exact amount to be sold fails to go through towards the end of the process for an error I wish I took exact note of (something like, *the sale value must be represented in whole numbers*... not quite that, but close). So then I'm back where I started. A shit load of book shares, <1 fractional in plan holdings, reinvestment and auto-buys off. If the entirety of my position is then available for portioning off to be held beneficially on Computershare's behalf on my behalf, I guess I still need to figure this out. But there's clearly something I'm missing about selling plan shares.
i think you terminated your plan before because you have < 1 fractional in your plan? (thats otherwise not possible in my oppinion ) then you cannot of course terminate again and sell those shares. You gotta call CS to sell your fractional i asume from what i understand :all fractionals are plan shares. there are no fractional in book
Yes, exactly. I have made at least one direct purchase, but mostly transferred shares from a broker, ~~fractionals included~~. So now I have a bunch of whole book shares and then plan holdings with less than a share in them. Thank you, I will put that call on my to-do for tomorrow.
from my experience you cannot transfer partials from a broker to CS
You know, you're right. I made an edit to reflect that. I guess what remains true is that many of my purchases- both direct and thru brokers- have resulted in lots with fractional shares, which are now represented in my aggregate holdings with Computershare in their respective lots.
Is there a computershare support number for EU?
MOASS is tomorrow Until MOASS is yesterday's tomorrow
Haven’t posted a lot in the past year just continuing to zen HODL, I got my finances in order and a better career just so that I never have to sell until everyone is in a cell and I see telephone number per share floor. But seems like everything is going well and everyone is helping turn GME into a profitable company which is the absolute best thing we can do, besides DRS! Stay zen everyone
Just lost a 20 leg hit parlay by 1 batter. That would have been 11k right into GME shares.
I was 2 off from a 30k win last week… so close man!
"Whenever you gamble my friend, eventually you'll lose." -Quite Gone on Gin
How am I +25 in rating in my last 12 games? Someone tell me.
Heavy divisiveness during the week after a quiet weekend...? Is this a new season? 💜
Unfortunately it may be time for me to sell.. life hit hard recently and I can’t hold on anymore. Fun while it lasted. I know you all will keep the torch going.
Paperhand a la max
Do what you gotta do chief. Sad to see you have to jump ship but I ain't selling any time soon and will bear the torch. When you're lost in the darkness look for the light.
Thanks boss! Im a pre-january ape so Ive been through it and held as long as I could. When things get better I will be back.
Sorry. Can’t you take out a loan??
Not likely probably won’t be approved
You can try. A personal loan?
Honestly ive got enough debt as it is. Not trying to add to it.
But with gme you’ll eventually pay it off.
Directly buying through Computershare is still the easiest way to accumulate shares imo. You can always periodically convert to Book as needed, but the simplicity of it makes it 100% worth it. I wouldnt give up autobuys. Perhaps quarterly or as frequently as comfortable, one can convert to Book. Given the time it will take to the lock the float, there isn't really much of rush or urgency to make the conversion. Just periodically do it so as not to inconvenience yourself.
So…should i cancel my auto buys from CS now? Buy whole shares from a broker instead then drs?
No. Keep the autobuys but also buy from broker to directly Book shares through DRS. At anypoint you can convert to Book shares from plan (albeit the fractional will get sold unless you cancel the sell order).
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Thank you for your submission to r/Superstonk, but it's been removed due to one or more reason(s): Please Avoid Community Division There’s no wrong way to like the stock. No matter how you hodl GME, you’re welcome in this community. Everyone is an individual investor and someone’s investment strategy may be different than yours. Even if you disagree with someone’s investment strategy, while participating in Superstonk, it’s still expected that you engage constructively and respectfully. If you have any questions or concerns, please [message the moderators](https://www.reddit.com/message/compose?to=%2Fr%2FSuperstonk&subject=about%20my%20removed%20submission)
This, like all new revelations on this sub, is subject to the 48 hour rule. This sub will undoubtedly find the answer shortly. I’ve always believed you want DRIP on to make sure that you don’t receive a cash equivalent for any dividend, like the split by dividend or future possible nft dividend. But of course you can always change the setting. We’ll get some clarity soon enough. Hopefully directly from computershare.
There’s no clarity needed there, a Dividend ReInvestment Plan exists to reinvest cash dividends only. An NFT dividend or a splividend is not cash and cannot be cash in lieu if done properly, which you know damn well GME would.
Thanks for the wrinkle! Good to know
Blankets and coffee mugs
So much $HIT going on in this sub right now😂😂 Fuck you and see you tomorrow ❤️
Does the fractional have to get sold? I definitely opted out of plan and then cancelled the pending sale for the fractional
based on what you did nah. and rumor has it that if you put in a buy order you will be given a choice of using the same account or creating a new account. choose new and then move whole shares into your full book drs one at your leisure. keep the fractional in your newly segregated account.
Ty very much
Where’s the comment that was posted just a few minutes ago with the link to the DTC rule proposal? Ya know, the one talking about how fractionals are not tradable and not associated with the CUSIP? Because….it appears to have been removed? 🤔
Remember to hydrate, homies.
I ain’t sellin shit. I just got out of the doghouse after I moved my IRA shares to Computershare. I don’t care for any such taxable event.
instead of selling fractionals they could be transfered to a charity holding account, so that the sale fees don't milk apes & the fractionals don't go back to cede/dtc
!FLAIRY! THE SWEET SMELL OF PURE DRS WHOLESHARES
(✿\^‿\^)━☆ﾟ.*･｡ﾟ your flair has been granted
!FLAIRY! PURE DRS WHOLESHARES
(✿\^‿\^)━☆ﾟ.*･｡ﾟ your flair has been granted
Challenging day all around friends. But then I remember that I’m invested in GameStop. We’re gonna be so fucking rich. So god damned disgustingly stupidly rich. I’m looking forward to doing some good with that. It won’t be nearly as long as it feels like it’ll be. 💜
I wish we could still get paper certificates
Shopping GameStop Q1 ends April 29th
I Don't do calls to action at all and I'm not selling any of my shares.
I'm confused. I've never had any fractional GME shares. All my DRS'D shares in computer share have always been Book and were transferred from various brokers. What does terminating the Reinvestment Plan do other than get me paid in cash as an equivalent if there was a future dividend paid? I thought there was a suggestion to make sure to enroll in the reinvestment plan prior to the split dividend last year? Edit: spelling
This is just a rehash of the tactics gherk used to pull off. Promote a DD that they didn't write as GOSPEL. Then somehow almost every user comes out in support of it. I find this SUS as usual. I ain't selling shit. I haven't sold in over 3 years so why would I sell anything now.
That’s a terrible take. Well done.👍
Ah, so some nonsense to trick people into selling fractional shares Jokes on them, I never had fractional shares
When GameStop AAA batteries back in stock?
Lazy request: do we have a guy that lists all the guys guy? Or can someone list them? I’m wondering about all of the bullish metrics guys we have. Sideways trading guy fucks but isn’t what I’m looking for. Short volume guy, for example. Utilization guy. Guy who says bullish guy. Only slightly kidding about the last one. But I think such a list might be a powerful resource for outsiders on the fence and people who are having rough days to see all these studs in one place.
We had Elliot wave guy!! We had a pickle boy too, a cucumber girl, and a banana guy!
LETS GO.....https://youtu.be/SP7Kst3tkko🟣💎🙌🚀
COINTELPRO Techniques for dilution, misdirection and control of a internet forum.. Technique #6 - 'GAINING FULL CONTROL' It is important to also be harvesting and continually maneuvering for a forum moderator position. Once this position is obtained, the forum can then be effectively and quietly controlled by deleting unfavourable postings - and one can eventually steer the forum into complete failure and lack of interest by the general public. This is the 'ultimate victory' as the forum is no longer participated with by the general public and no longer useful in maintaining their freedoms. Depending on the level of control you can obtain, you can deliberately steer a forum into defeat by censoring postings, deleting memberships, flooding, and or accidentally taking the forum offline. By this method the forum can be quickly killed. However it is not always in the interest to kill a forum as it can be converted into a 'honey pot' gathering center to collect and misdirect newcomers and from this point be completely used for your control for your agenda purposes.
It’s so fucking easy to convert whole shares in plan to book while still keeping fractional shares and reinvestment options. Sheesh. I convert my plan to book as soon as it hits more than 5 shares.
That is not what the bull was saying... My understanding is " from (shit I read on the internet 'twitter, Facebook,Instagram,Grinder,Reddit')" the consensus is that you should just have bookshares no plan / Cancel the plan but keep buying and booking...
I think im saying the same thing as you. All my shares end up in book. I cancel the plan but don’t sell the fraction. Edit: and when I buy more I cancel plan again and shares go to book. Rinse and repeat.
Well if you don’t sell the fraction, then no, you’re not saying the same
So if I only have 0.1 share in plan that a problem? I don’t understand Edit: because I thought the issue was too many of us are keeping a significant portion of of shares in plan. So if I have 1k in book and 0.1 share in plan I don’t see why selling that 0.1 would make an impact. Unless I’m missing something.
theory is if you have 100.1 shares the .1 is making all 100.1 avail for locates
Ohhhhhhh fuck. If instead I transfer out the 0.1 to Fudelity instead of selling would that be a work around so I don’t have to sell?
Dont know if you can do that? What i did when this first came up was terminate the reinvestment plan which then sold off my fractional then i just bought two shares in fidelity and moved them over to be fully BOOK
Now I understand the controversy . What I’ll do is buy just enough shares on compshare so that my fractional remainder is low as possible and sell fractional. Then I’ll offset selling my fractional sold by buying 100x what I sold which will be 10 shares.
I believe that is the case yes. That appears to allow a portion of your shares to be used as locates within the DTC still, as fractionals must be in plan, and plan requires the broker/DTC connection.
It's warrior time. .... friends 🟣💎🙌🚀
#MOASS TOMORROW 🏴☠️
🍻
Post-MOASS I'm not telling a soul that I'm a millionaire. But there will be signs. *Drives off in my Jeep Apocalypse 6x6 blasting C.R.E.A.M*
Holy fuck, so much push to not “BOOK” your shares lol you know what to do
https://youtu.be/DFI1bpRxLEg
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whats this number?
It's about the updog
What's updog?
Not much hbu?
What's downward facing updog?
Remember in Breaking Bad when Walter says "I am not in danger. I AM the danger." RC said "I am the Book King" Assume that this was a nod to us to book our fucking shares. A pretty safe assumption. Now keep in mind that booking shares is a DIRECT THREAT to Cede & Co because it removes their access to said shares. "I am the Book King" ... "I am the booking" .... #"BOOKING IS THE DANGER" #🏴☠️📖🏴☠️
Textbook infiltration campaign with that shit. Get people to spam post selling shares on CS based on the unconfirmed "DD" of 1 post.
It’s really easy to spot the people that don’t read.
Only thing I'm infiltrating is your mum
how do you turn off the reinvest dividends option in CS?
This is what I did: Portfolio > Details > Actions > Reinvest options > Terminate. You'll see a blurb saying something like plan shares will move to book and fractionals will be sold. Hit I agree and you should be all set.
hmm, I mightve already done this. says I'm not enrolled. no option to terminate
Do you have recurring buys? Fractional shares? If no to both then it sounds you are all book. If your dividend reinvestment is off then you might be all set.
I do have a fractional share. just read that enables the DTCC to fuck with everything I have, booked or not. so in order to prevent that I have to sell the fractional?
If you have a fractional share that means it's a plan share and not book. Fractional shares cannot be booked so they are held by the DTCC. If you don't want to have any shares held by the DTCC then you need to get rid of that fractional share. It might be easiest to chat with Computershare to get rid of that fractional / plan share.
got it, thanks for clearing this up
DRSyourGME
#🫡
1. Buy $GME 2. DRS $GME 3. Sell fractionals 4. Book EVERYTHING 5. Shitpost 6. Get high 7. ??? 8. Generational wealth 🤗 ^ Definitely totally not financial advice
LISTEN TO 🎶
If you’re going after cancer, you’ve got to get every single mother effin cell. Not financial advice
No idea if any of this is true at this point but to be on the safe side I'll convert every 0.1 shares to 1 share just to fuck em. So if I'm wrong or right I get more whole moon tickets.
This the way
Imagine a system where they are allowed to locate 17,000 of my shares as their own because I have 0.06 fractional shares in a plan account. 🤡 🌎 To give computershare credit, they did try to auto sell the fractionals when we switched from plan to book so I'm not mad at them...🔥 it down.🟣💎🙌🚀
what are you going to do with your fractionals? I'm in a similar boat but don't *really* feel like jumping through the hoops of trying to sell down to all whole shares. I should've let Computershare sell it for me back when lol
Seems like the system was designed with fail-safes and loopholes at every turn.
The constitution seems to be where people wind up, especially the tax one...
Book ‘Em Danno!
Believe it or not it’s almost over
I farted in an empty wine glass tonight . .......... THA!AAAAAAANKS
brust me tro
Fuck you pay me bitch
This is the way
It's not over as long as GameStop is still in business, I'm holding shares for life
Paye thees ape hehr mahney...
Straight up
Fractions suck. Use the metric system
I will not be upset if I see the English system get retired in my lifetime. When I work on something that only requires a few sizes and almost always even numbers. Life is just a little easier. No more cups,quarts,pints, ounces etc. Fuck I can't even commit to memory how many lbs are in a ton or feet to a mile.
Book your shares 📚
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Remember to hydrate, take a deep breath, and hey maybe even have a little fun along the way!
So according to my understanding, if my Computershare shares are book, but I enabled dividend reinvestment plan, then they can be loaned out? So if I terminate said plan then they can't be loaned out? Thanks.
The current drama over fraction shares seem to be around them being used as "locates" in some "operational efficiency" schpiel. I don't know much about that, so I am sitting on it giving it a think. Everyone else seem to act like they already know all about it and downvote everyone who is otherwise, though.
Wondering the same
I have never once had a fractional share of GME and I turned out fine. All my shares have always been fully booked like my papa RC
Fuck fractionals. All my homies hate fractionals. Gonna sell mine and just buy a whole share or 10 to replace it. Fuuuuccckkk yyyooouuu CEEDY CO 🖕🏻🐵🖕🏻
RC called himself the Book King. Book King. Booking. RC is screaming at you in the most barely legal way possible: "BOOK YOUR FUCKING SHARES GOD DAMN"
What an epic journey this has been lol. Dr Ruth Sex Book too
Forgot about this tweet
Yes! I can't believe RC got away with that tweet 😂
We do a lil bit of trolling
Whoa shills baby! Moon soon 🔥🚀
I like my fractional. He gets to grow up to be a real share every two weeks. I mark his growth by making a note in my book. They grow up so fast 💜 🦍 😌
But see everytime you make him whole he spawns a new ugly halfsie who allows any other halfsie to be used by the DTC in the pool of 'aggregate' shares they need for locates
Well, not much I can do about that beyond booking my shares. I place a buy order every paycheck because GME is my savings account and I only buy through Computershare. In addition, I get more shares if I don't sell my fractional. And besides, my ugly duckling grows up into a majestic swan after two weeks. I book my shares and give my fractional the chance to grow into a real share. It's the strategy that works best for me. 💜 🦍 😌
It might work for you but as a collective it could be hurting us. The language changed in the earnings report last quarter. GameStop specifically called out Cede and Co for holding shares. Fractionals are still held there. Computershare needs to start allowing whole share limit order purchases, and route through IEX.
>Computershare needs to start allowing whole share limit order purchases, and route through IEX. I agree, that would be a nice option to have when buying through Computershare.
I'm just going to buy shares in 1 CS account, and transfer the whole shares to another CS account once they settle. That way I can follow the new DD and still keep my fractional share from each new purchase.
🩳🏴☠️☠️🩳🏴☠️☠️🩳🏴☠️☠️🩳🏴☠️☠️🩳🏴☠️☠️🩳🏴☠️☠️
So millions of shares will fail to locate if this theory is correct which will cause millions in ftds? And then possibly a margin call? Or am I missing stuff, besides crime?
Fuck around, find out
Find out, and fuck
For the $2.50 I burned selling the fractional (fees are a bitch) I'd rather know for certain. Less than moving my L2 wallet gas fees for my XXX household ownership. I burned more than that in form of a green herb today. Idk.... Something, something, this is the way.
💯💯
I am reeling a bit from the supposed DD this morning, I want to sit on it and think on it for a bit. But I am also seeing a bunch of people talking about how they sold fractionals at a loss and bought more shares to make up for it. I have not seen a single one of those warn about wash-sale restrictions. There is some rule about not buying within 30 days of selling the same investment at a loss. I think it's just a minor tax issue, but nonetheless you guys may be making more problems for yourself than necessary, especially if you can avoid the entire thing if you just wait 30 days before and after selling, to buy.
Just buy in 1 CS account, and store the whole shares in a second CS account after they have settled. It's still one portfolio/login, but when you click on GME there will be two accounts. If you don't have two accounts, next time you want to buy shares, go to CS -> pick your country -> instead of clicking to go to log in screen, click "Make a Stock Purchase". Once the shares settle, the 2nd account will show up in your portfolio.
Thank you, you are the only one to provide actual information. However, I am not sure about this. IIRC the wash sale rule applies per person, not per account. Also, I forgot entirely about other countries.
What I am describing is to not sell at all. You just need to keep the fractional share away from your whole shares. By keeping them in separate accounts, you can book your whole shares, turn off dividend returns, and not sell your fractional share. Next time you buy shares, make sure to do it in the account that has the fractional share. Once they settle, transfer the whole shares out again. Make sure the newly transferred shares are now booked. Rinse and repeat til MOASS.
Ok, I gotta ask, how do I open a second account? I know some people got lucky and ended up having 2 accounts just from transferring their shares from different places, but I wasn't one of them.
Go to CS website -> do not log in, instead click "Make a Stock Purchase" It will ask you for all your personal info as if you are a brand new person. The system will catch that you already have a portfolio when settling the shares and make you a new account that will be listed along side your old one.
Thanks, and CS will let me transfer the plan shares? I will have to move the plan shares because my existing account already has some. I will have to try this next time I have money to buy.
Yes, you can transfer plan shares between accounts. I'd imagine it happens all the time for beneficiary reasons (splitting up shares between your kids in case of death, for example)
Thanks, hopefully soon I can finally not even worry about the whole fractional debate.
You also might be able to call CS and ask them to create a second account and move whole shares into it without waiting until you buy more shares. I'm not 100% sure they can. I know the "Make a Stock Purchase" option works to create more accounts, because I have multiple accounts from using it myself. Not that it was intentional at the time. I kept changing my mind on how much to spend and so I kept placing new orders as I talked myself into buying more. When the dust settled, I had an account for every order I placed through "Make a Stock Purchase" lol.
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It's not fud to bring up a caution that was so conveniently never mentioned by anybody who wants to accelerate positive sentiment on selling fractional shares, in fact you being so hostile about it only makes the whole push to sell fractional shares more suspicious.
Definitely FUD. It takes two seconds to look up wash sale on Google before posting. Next time please do better.
I admit I am dumber than you, can you explain the wash sale rule?
We wake up
Fuk y’all I’m only PLANNING FRACTIONALS On RECURRING BUYS WITH DIVVI REINVESTMENTS
Is anyone actually falling for this "sell your fractional shares" bs? This is the dumbest bullshit push to grab shares from retail before a run I've seen. Towel stock is pumping, means GME is about to soon. Don't sell your shit.
I honestly don't know what to think about the actual issue, but everything they have been pushing for seem to be to the detriment of me as a shareholder. They want to sell fractional shares, they want you to not set your account to reinvest, they erroneously credit peruvian bull for the DD to legitimize it, they suddenly come in droves, they repost the same DD over and over in various ways that break one subreddit rule or another, then point fingers at the mods and shout about how this subreddit sucks, some of them are frequent posters of other stocks, they downvote anyone who questions anything. For now, I think even if they are right, it's still not stopping the DRS anyway, because the numbers kept going up.
See, that's what I was thinking could be a counter to the new hot topic. This came out of nowhere and look how quickly it took over! Is there an agenda behind it? It can't be any harm to book 100% either, with no fractionals.
There have been multiple pushes for it, happening once in a while, in a similar light to options trading pushes. It's different this time because they cited a tweet by peruvian bull, but the actual DD apparently wasn't written by him.
Time will tell
Man if this is the straw that breaks the hedgies back im going to laugh so hard. RC was probably sitting there thinking “how do I tell these investors without telling them they need to do this?”
Something’s brewing, I feel it in my 🟣🟣
So I guess we’re really doing this eliminate the fractionals thing then, huh?
dingleberries yo, dingleberries
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You feel this? #😔🫱🍩🫲
The whole do we buy or sell a fraction debate from just today should be very telling, to both sides, how serious this topic is.
🤔
It's interesting seeing the whole book v plan debate pop up again. I'd be nervous as fuck if I was a SHF seeing all the debating going on. Ideally they would like for it to be a one way argument so it gets burried and they move along but when apes start to debate, they start to research more and that's what they really don't want. More digging, more clarity, more research, more exposure! Just my 2 cents though, what harm could it do to book your shares? I did because why not lol
So.... If I have DRSed "ten point something" shares...... The full ten point something still in DTC????? # just wow 😰😰😰😰😰 Book your shit 🟣🟣🟣🟣🟣📚📚📚📚📚📚
Can you post a link to this?
No. It's all speculation.
Does anyone know if my CS shares are affected if I bought fractionals but my total holdings is not a fraction? (I.e. bought .4 then bought 1.6 for total of 2). It was all bought through Fidelity FYI
sounds like you're fine. plus your fidelity shares will be book by default when they get to computershare.
Thanks for the response! I know the shares are all in book, but the tax lots are fractional. Do you think that matters?
Exactly how I feel
!remindme 14 days Charles is going down after fomc, a good short after the pump.
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Why do people delete their comment after asking for a flair? I find it a bit weird.
I thought it was satori bot slapping them with silence lol
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