When you wish upon a star - a complete guide to Computershare

Doom_Douche · 2021-09-23T17:52:54+00:00

Comment about trying to DRS from Robinhood and the complications. Looks like you have to transfer out first

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Going to use this sticky as a place to feature great comments that need more attention

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10.28.21 Update

THIS IS THE WAY - How to use the recurring purchase option in CS called DirectStock and how to purchase through Fidelity routed through IEX before you transfer to CS

10.26.21 Update

Most recent update for international apes using IBKR to DRS. You can now initiate the transfer yourself

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10.25.21 Update

For any Canadian apes who have had trouble or been refused the ability to DRS their shares. This is a link to a Demand/Letter of Intent post that includes supporting documentation to ensure each Canadian ape has the ability to direct register if they choose to do so

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10.7.21 Update

IRA TRANSFER UPDATE! It is possible and this Ape has outlined how to go about it but its a huge PAIN

"TL/DR: I mean, it's possible, but it is a giant pain in the ass, puts your shares in a quasi-custodian account in the control of a broker you need to designate, and makes them very difficult to update or make changes to."

How to purchase shares directly through CS for UK Apes!

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9.25.21 Update

Comment explaining what is in the NEW international apes guide

Looks like there is a way to expedite the transfer process and potentially even purchase shares directly from CS even if you are not a US citizen.

https://www.reddit.com/r/Superstonk/comments/pu1mam/international_apes_computershare_us_drs_transfer/

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Comment explaining why Computershare might not be legally allowed to register more than the outstanding shares:

https://www.reddit.com/r/Superstonk/comments/ptvaka/comment/hdzpwz7/?utm_source=share&utm_medium=web2x&context=3

Comment explaining the value caps and $ limits on sell orders. Need to look into this more and see if I can verify with CS

https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/hdzpi0o?utm_medium=android_app&utm_source=share&context=3

Comment explaining what the sell order limits are and why we shouldn't be worried about them

https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/he6g39u?utm_medium=android_app&utm_source=share&context=3

_Exordium · 2021-09-23T13:39:27+00:00

DRS is the way.

Thanks for the fantastic write-up!

Another key thing to look into/consider is that DRS shares are outside of the SIPC $500K insurance that brokerage accounts have by default.

They are directly tied to Cede & Co. and the DTC, meaning in case of a brokerage default, your shares there will be safe, and not subject to being disappeared and you're left with a $500K or less consolation prize.

Edit #2: Made a bit of a more in-depth post regarding this subject!

Edit: could there have been a possible plan for them to use a broker default to hide/delete some phantom shares?

Source: https://www.thebalance.com/what-is-the-direct-registration-system-or-drs-for-stocks-357536#citation-2

MarranoPoltergeist · 2021-09-23T14:07:33+00:00

This is a great return to form for this sub: educational, factual, and most of all, helpful, to those who are trying to make their best individual financial decisions. Thank you for this.

SliceO314 · 2021-09-23T15:28:50+00:00

Thanks for the amazing consolidation of info! You're amazing. I think I'll eat the $304 fee on WS for convrnience's sake. It won't matter once MOASS happens anyway.

Ollywombat · 2021-09-23T17:08:44+00:00

Something to add, there is a $250k yearly limit to purchasing GME through Computershare. However, if you transfer in $250k worth of stock to be directly registered it does not count toward that amount. Even if it was purchased that year. Only the amount purchased through CS goes toward the year max.

You can read more details on the Computershare website. I asked this specific question in an online chat after transferring some shares from Fidelity. I figured I knew the answer but wanted clarification.

DutySpirited · 2021-09-23T13:49:30+00:00

I like to think of it as a math problem, if everyone registers x percent of their shares if they can, the float is locked up in the infinity pool, Now all shares are worth infinity. Even the apes who could only afford 1 share or a partial, they will have their dreams come true too. As long as no one sells from the infinity pool.

If someone sells from the pool, then the rest are not worth infinity, it would take fuel from the rocket and slow the climb imo. Its why its suggested that everyone keep a few shares at a broker. If you have 14 shares in CS locked up in the infinity pool, and 6 at your brokerage, you have 6 shares worth infinity to sell. you sell one from CS now everyones shares are worth less.

the question i think we should ask is SHOULD we sell from CS, not CAN we.

It seems the smartest strat would be to hold some in a broker as well like doom suggests. thanks for the hard work doom

eATHLETE182 · 2021-09-23T13:47:42+00:00

Outstanding job on this post! DRS is the way!

Waiting patiently - zen

socalstaking · 2021-09-23T16:34:25+00:00

All these fancy swap theories and quant research and all it takes for moass is to have ur name on ur shares…

Capital-Dog5431 · 2021-09-28T20:01:27+00:00

Anyone with a straggler left at RH .... here is what you need to know:

Fellow apes please read to the end before you judge.

A year ago I bought my first stock. Being new I used the easiest app I could find... yes the much hated RH. At the time I didn’t know it.

I used RH to buy into GME at the end of Feb. by March I was reading all I could on Reddit.

Joined superstonk at its birth.

Participated in the mass exodus from RH by transferring to a safer broker in March. However, I only transferred whole shares......

I then sold other stock, and consolidated on RH which resulted with a few whole shares left there. But I left them so I could vote!! (Voted from 2 brokers!)

I decided last week it was time to get those scragglier shares out of RH and wanted to transfer them to CS. I couldn’t find any info in Superstonk to help guide me. So I set out to figure out the process to help myself and other apes.

Double Black Diamond ahead

The process to transfer out of RH to CS should probably be considered a double black diamond!

First, RH tells you all transfers have to be initiated by your other broker

Second, there is a $75 fee no matter if it is partial or whole.

Third, I find a customer support number for CS and the lady tells me the transfer has to be initialed by RH. She tells me to call them and get them on a 3 way call so she can tell them how to do it.

Forth, after maneuvering through all the prompts RH places me on a call back list. I’m 6th in line. Watched my phone for an hour. When I reach the front it is exactly 8pm Friday night. The screen tells me that I am in line for a call back Monday between 8am and 8pm!

I figured there wouldn’t be anybody calling all weekend. However, a lady from RH did call at 8:30 and I talked to her for 1/2 hour. She could not do a 3 way call. And she could not do the transfer to CS. She said that was up to another department and she didn’t know when they worked or would get to me.

Monday comes and goes and no phone call. Today (Tuesday) I go through the prompts again and receive another call. The gentleman I talked to said the other lady was correct they cannot do a 3 way call. He said he would follow up with the other department and someone would get ahold of me later in the day.

An hour later I received an email telling me they could not complete the transfer for me.

Thus, I had to initiate the transfer from my other broker to get what was left at RH.

Then, I called my other broker and had them transfer an initial number of shares to CS. They are happily doing both transfers for me for free.

In the end I will have nothing left at RH, a new account at CS with the initial number of shares I transferred, and the remaining in my other broker.

Now I could’ve just transferred them to the other broker and kept silent. However, I’m a firm believer that if one person has a question others are thinking it and haven’t said anything. Thus, don’t bash me for being honest that I had some left that I hadn’t moved. It started out as a partial and I’m as I had money freed up I bought the dips. Sorry. But I’m a diamond handed voting ape!

Also, If anyone has any left at RH. Put your $75 in there before initiating a transfer to another broker or RH will deduct it from your shares before they transfer. Thus you will end up on margin at your new broker until you settle the amount.

getfit87 · 2021-09-23T13:34:15+00:00

I completely understand peoples nervousness about this and I think we can all appreciate your post.

I’m a lowly XX but I transferred 90% to CS so far and I’m sending the rest today. This is the way.

Justind123 · 2021-09-23T13:40:01+00:00

Thanks doom for putting countless hours into this! I hope this puts all the FUD to rest regarding ComputerShare!

philhendrie100 · 2021-09-23T17:05:25+00:00

I bought my first share on CS! Excited for it to go through, still says its "Awaiting Price." I am thinking about transferring some shares though, but am wondering if I should wait for the purchase to confirm, or just call TD to transfer now. Would transferring now end up making 2 CS accounts?

famishedburritocat · 2021-09-23T17:54:44+00:00

Please follow up when you complete the IRA DRS process, I have a significant portion as well and would like to DRS those as well.

Thank you

half_dane · 2021-09-25T03:38:59+00:00

Just a little heads up about the sell limits we're continuously seeing : support staff keeps telling us that whatever the limit is, we're gonna get the price the stock is currently trading for. Imho they are referring to the NBBO, the national best bid offer, and all retail orders have to be executed within this window.

So if your limit was $2, and the nbbo (i.e. the current price) is $50M, you'd get $50M. Same for market orders.

If you're still with me, I have bad news and I have good news:

bad: the NBBO is only slightly more reliable than the SI% (exceptions to rule 611 for intermarket sweeps), as blanderson_snooper so kindly wrinkled me
good: this arbitrary limit is gamestop's decision, so I'm convinced that the company that is set out to delight customers and shareholders will drop the limit long before we're anywhere near.

Tldr: hedgies r fuk, hodl&buy&drs

B1rdBear · 2021-09-23T13:44:36+00:00

Great write-up! Up up and away!

Choambrosk02 · 2021-09-23T17:05:03+00:00

I read a good plan from another post.

So you would essentially divide your shares 3 ways (does not have to be equal parts)

1 part goes to DRS for pool.

2 part goes to broker for Moass.

3 part goes to broker for transfering to CS when Moass is happening to replenish the pool when/if institutions sell their Direct shares.

So for me I've transfered most to CS and am buying from CS but I think if the price action is staying low or going lower I'll just buy from fidelity and keep it there to transfer to Computershare during MOASS.

What do other ppl think of this idea? Curious what others think about it.

goldielips · 2021-09-23T14:07:56+00:00

This is great, thank you! And thank you for remembering how to hit the sell button for the greater good of this mission 🚀 Super helpful!

OlMikeHoncho · 2021-09-23T17:15:22+00:00

full disclaimer I’m a smooth brained moron, not a financial adviser. There’s a few paragraphs below that are marked as speculation. I’m not a bad actor spreading fud, but we as a whole need to have these conversations. I’ve been active as fuck in this sub for several months since I went down the rabbit hole that is our beloved stonk. I need the community to help me understand how I’m wrong and pick this apart if so

The theory behind locking up the float through DRS of shares in Computershare in order to properly expose naked shorting is brilliant. However my concern goes past the reveal of naked shorting, to the moass itself. Your stance on the selling of shares through CS is pretty much on par what I’ve been concerned about for the last week. I would love people to read my concern and spark discussion. Please note that I am not against CS. I transferred 16% of my XX position from fidelity to CS on Friday. Still waiting for it to show up on CS.

There’s been an absolute overload of posts pushing registering of 100% of every share you have into CS without presenting all the information. This has been going on throughout last weekend and leading up till today. Whether that’s simply hype or in the sub, or a legit campaign by bad actors is beyond me. Mods have a better finger on the pulse of the sub than any of us.

Every share in CS is an actual real verified share. Prior to the CS revelation, none of us could tell if shares held in retail traders names through brokerages were real or rehypothecated shit.

this paragraph is speculation and would love debate and civil discussion on My concern, which, if I understood your post correctly, mimics yours as well is that if I hold every share at CS, then I know every share I sell during the squeeze is one of the exact shares that these bad actors need to close their positions. I have no idea if that would impact the potential range at which the squeeze could go. For this reason, it would make sense in my opinion that of all the shares we plan to sell during moass, those in CS would have to be sold DEAD LAST for max pain, as they are the actual real shares, ESPECIALLY if we somehow manage to find out that the float is officially locked up in CS. But I don’t understand how that would be possible to execute on a mass scale because I imagine that would require planning and coordination and we are all individual investors who like the stock. Apes are gonna sell from wherever and whenever they choose and that’s fine by me. I personally will attempting to sell on the way down (though I have a smooth brain understanding of TA so I’ll try my best).

The DD points that the selling of shares is a pretty straightforward on CS. I feel like the question we have to be asking ourselves though isn’t “can we sell moass shares through CS”, but “should we sell moss shares through CS”.

A piece of advice that has stood the test of time is to “DIVERSIFY YOUR BROKERS”. A lot of retail traders that had their eggs all in one basket got shit on in January when many brokers turned off the buy button, notably Robinhood, Webull and other brokers that used Apex Clearing as their clearing corporation. The truth is we just don’t know how CS would handle during a significant market event like moass. The truth is the same for any broker as well. All we can go off is prior behaviors. For that reason alone, I wouldn’t want to throw everything in CS for the simple sake of hopefully having access to some of my shares during moass. IM NOT SAYING CS WILL CRASH! I just don’t want to risk it.

What we do know regarding selling on CS is we have the ability to place market sells and limit sells up to $1 million per transaction with CS. Maybe CS will remove that limit during moass but CS reps aren’t the most fond of speculation and haven’t been willing to give an answer to that hypothetical. According to them, any intent to sell higher requires a written request mailed to CS which takes several days, and once received, CS will include your order in a market batch order for whatever the price is upon placement. I understand moass won’t be over in a day. It’ll likely take days/weeks.

So if that’s something you are fine with then that’s awesome. They’re your shares, nobody can tell you what to do with them. HOWEVER, this sub and every retail trader, including myself, need to be educated about this selling method and should SERIOUSLY PREPARE themselves now for selling via this method. That means having letters typed out and signed, envelopes filled out and postmarked and the ability to get to a post office as fast as they can to overnight mail these letters.

another speculative paragraph I would love further discussion Another interesting point I’ve read some discussions regards the DTC itself. Since CS shares are DRS, they’re no longer in the hands of the DTC. The moass theory involves liquidation of firms going up the ladder, hopefully to the DTC itself where they would have to dip into their trillions in insurance to pay out to us lovely apes. A question I have, is if shares are DRS’ed, are they no longer DTC insured and what would that mean? Does DTC insurance payout apply to DRS shares? That shit is completely beyond me.

In my personal, non financial advice opinion, i believe the best strategy involving CS, besides the obvious locking up the float to expose crime, is to either

Use CS as a LOOOOONG term holding of shares/ infinity pool theory/ NFT dividend guarantee. Shares that would be passed down to generations

OR

If the intent is to sell shares with CS, to diversify brokers to mitigate risk, and out of every share owned, to sell CS shares absolutely last and to have the physical letter typed out, signed, and ready to be mailed out overnight to CS once the individual investor’s floor is reached, so that CS will take said shares and include them in a market batch order upon receipt of physical letter.

Tedsgirly · 2021-09-23T14:24:06+00:00

What’s sell?

Troydog4 · 2021-09-23T15:09:59+00:00

Quick smooth brained question for a wrinkle brain to help me with...

I recently created a computershare account and bought some shares (about a week ago). It's at the point now where the $ has been taken out of my account, but I haven't been issued an account # so I can't log in. No problem...except now I want to purchase more shares. Should I wait until I'm able to log in to make another purchase? OR should I go through the same process as if I'm a new customer buying shares for the first time?

Thanks in advance for any help!

superheroninja · 2021-09-23T17:05:33+00:00

Is anyone keeping a tally of CS shares registered?

Mine completed today and I want to add my pile to the pile 🦭

Hot_Asparagus_1738 · 2021-09-23T14:20:10+00:00

Excellent write up OP!!!

Well put together, a very apey article, truly trying to help someone.

Thanks

Starwarsandbacon · 2021-09-23T18:30:53+00:00

Just registered xxx (80% of my xxx) with Computershare through Fidelity. That was the most painless customer service call ever. Thanks for this post!

platinumsparkles · 2021-09-23T13:38:10+00:00

Great post! So many resources for everyone to go through themselves! I love that you encourage critical thinking and break it all down. Thanks for putting in the time to put this together

MahlNinja · 2021-09-23T19:23:21+00:00

Having 10-20 shares on fidelity, is it worth transferring to cs? What is the fee and process?

2021-11-10T17:06:59+00:00

Where's daily?

SeanKrg03 · 2021-09-23T17:12:32+00:00

DRS makes the infinity pool lasts for infinity!

Pretend-Option-7918 · 2021-09-23T17:27:39+00:00

Another great post. We need a DRS master post with all solid drs posts categorized and easily accessible.

Verciau · 2021-09-23T18:35:26+00:00

Nothing makes me happier than seeing a section like this:

What We Still Don't Know

I have a lot of these same questions, they are difficult to find answers for. It's also very brave to state what you don't know when you are trying to build confidence that you've done your due diligence at the same time.

Thank you for this excellent post. I believe this will help many! Good ape!

Antares987 · 2021-09-23T23:08:34+00:00

I'm so happy this is the answer. I posted a question months ago asking about liquidity, the SIPC, et cetera and how the hell do get out of "street name" shares. 25 upvotes and lots of "don't worry" in that post. Now it's nice to see that CS is the answer and in less than two months, the question was not invalid: https://www.reddit.com/r/Superstonk/comments/ojigqo/wut_do_wen_moon_or_if_i_sell_and_then_my/

Fedwardd · 2021-09-25T23:16:55+00:00

everyone! So anyone who is too busy during the week to call...just know you're able to call in Fidelity during the weekend and initiate your transfer.

I just called in today and was done in less than 5 mins. They told me it would be 2-5 business days. can't wait, don't be discouraged if you have no free time during the week!

ppbourgeois · 2021-09-30T19:44:29+00:00

Today, I found out wife has 8.5k built up in a 401k under ADP. It’s 100% in some dumb mutual fund. I’m trying to help her and I don’t see any options to invest in gme, just a limited selection of mutual funds.

She wants to go all in gme. What’s the best process/form? I’m Canadian so I’m new to the USA financial ecosystem. Does she rollover into an IRA? Which broker? Best form to submit? Is she going to have to email HR? Etc etc what is the optimal route that gets her to maximize all her savings into 100% computershare and directly registered to her?

investor23n · 2021-09-23T14:51:53+00:00

Very well written. I haven't tranfered any yet, but still considering. You have answered many of my questions though.

highvestor182 · 2021-09-25T17:13:55+00:00

Can I DRS from robinhood once and for all?

golfcatsstonks · 2021-09-29T20:02:57+00:00

I'm very retarded and have a question. Once shares have settled into the CS account, do you need to change to Book Entry? Or are they by default Book Entry when transferred from a brokerage? I'm terrified to click any buttons right now.

Do I need to "Enroll" in the Direct Stock plan on CS?

bigbramble · 2021-10-06T15:29:16+00:00

It's so RIDICULOUS that retail investors have to go to such extreme lengths to avoid their shares being criminally duplicated by hedge scum. Why the hell wont the SEC stop looking at pornhub for 5 mins and deal with these utter criminals?

EpicWhaleSquad · 2021-10-18T17:47:02+00:00

Thanks for the guide! I’m with you guys, 100 shares long and strong!

svesrujm · 2021-10-28T18:19:18+00:00

Question: does my dollar cost averaging change when direct registering my shares? I've seen screenshots of DRS and it looks like the shares when transferred take on the current share price.

What if GME moons during transfer process? Any help appreciated.

2021-10-30T15:37:03+00:00

This is in my opinion the most important post here and should always have a pin at the top no matter what! The game changes once we load up the float on CS.

DRS is da wae

Nelvius · 2021-09-23T13:48:55+00:00

Sehr gut geschrieben, Danke. Das gibt ein upvote!

Working-Yesterday243 · 2021-09-23T18:44:57+00:00

I like the stock and your work.

You can also add this post for European apes:

https://www.reddit.com/r/Superstonk/comments/ptqxys/european\_broker\_to\_computershare\_step\_by\_step/

DonDyon · 2021-09-23T19:36:18+00:00

Wtf Computershare is Australian lol

Xkloid · 2021-09-23T23:51:36+00:00

[deleted]

Hoodieboy505 · 2021-09-24T13:38:16+00:00

Buying shares is fun there. Threw in 200 bucks at $210, didnt go through until GME was at 191. Stonks.

2021-09-26T11:23:54+00:00

So shares on etoro don't count?

Excellent_Ad6712 · 2021-09-30T19:09:36+00:00

Just made my first transfer from Fidelity today. Thank you for making this post, without it I likely wouldn’t have gone thru with it

wolfofballsstreet · 2021-10-09T17:42:49+00:00

Just got my first share on computershare via giveashare. Opening a usd account so I can continue to buy once my account is open. Don’t want to move my TFSA shares and expose myself to cap gains taxes yet. 🇨🇦🇨🇦🇨🇦🦍

I8thegreenbean · 2021-10-11T17:57:00+00:00

I submitted a request to transfer my entire portfolio from Etrade to Fidelity this morning. Once complete, I'll then be in a position to DRS my GME shares without the bullshit 4-6 week wait/$500 Etrade is trying to claim. Estimated completion date is 10/18, hoping they show up in Fidelity sooner.

-Lloyd- · 2021-11-03T21:49:58+00:00

!DRSBOT:15!

notzebular0 · 2021-12-13T15:25:15+00:00

RC needs to exercise those shares at this price

2021-12-13T15:42:12+00:00

Wouldn’t it make sense for the price to tank before moass ?

2021-12-12T15:08:15+00:00

Stop removing this post dam it!

2021-09-23T17:35:23+00:00

Yooooo this is exactly what I have been looking for. This is the information a lot of us needed. Thank you.

continentalgrip · 2021-09-23T18:14:06+00:00

I have a question: if direct registering the entire float makes it harder to short a share, does it make it hard/impossible to buy anymore shares?

Normally the MM just creates shares out of nothing to ensure liquidity, which makes no sense at all. If every share is already owned and no one is selling, the price should be rising.

onepride81 · 2021-09-23T18:29:16+00:00

This post was the one that got me to change my mind on CS. XX shares registered today. I don't plan on ever selling these, yo-fucking-lo, retards

Dry_Doctor443 · 2021-09-24T01:08:15+00:00

This ape just sacrificed a stonk for us ❤️ I feel better about the transfer. Thanks for your service. here’s an award 💜

FluffyCustard5594 · 2021-09-27T12:30:03+00:00

Don’t have enough Karma to actually post, but transferred 1/3 my holdings so XXX went to Computershare last Wednesday as of yet I have not heard from CS. After close on Friday my shares disappeared so I should hear by today! It’s the way! CAN’T STOP, WON’T STOP, GAMESTOP!!!!

BarronVonCheese · 2021-09-29T03:45:27+00:00

Has anyone had success registering their shared with CS from New Zealand?

I just called them and they said they cannot help because they are not ASX or NZSX stocks.

LeeeesC · 2021-10-02T03:08:05+00:00

I don’t want to be a Debbie downer and what I’m about to say isn’t my own personal view. If you know who Marc Cohedes is he’s a famed short seller but is against the short sellers attacking us as they are predatory( he was interviewed by Lucy Comisar- you can find that interview on her Twitter page). He claims to be an ethical short seller calling out true fraud only and not trying to bankrupt companies for dollars. Marc partook in a space call the other night and said CS is a waste of time and not going to do anything for us. This space call was recorded by BossBlunts and its on his YouTube channel if you wanted to hear Marc say that for yourself. I don’t know if he’s right but he knows more than I do related to stock market so I’m just leaving it here to open dialogue.

Fit-Tackle-6107 · 2021-10-02T12:05:27+00:00

Are the ID/Account numbers people posting just for those with shares in GME, or is it just ComputerShare accounts?

sadkee · 2021-10-05T21:26:10+00:00

This is finally back….stop unpinning mods

kekking_ass · 2021-10-06T18:48:25+00:00

You'll need to add 1 more guide for Canadian apes who use TD. https://www.reddit.com/r/Superstonk/comments/q2qr0w/for_canadian_apes_if_you_have_a_td_brokerage/?utm_medium=android_app&utm_source=share

Due-Satisfaction-537 · 2021-10-08T17:34:40+00:00

Revolut DRS - @u/abuseUDna has a post about this. It works!!

SirUptonPucklechurch · 2021-10-12T16:08:13+00:00

For 🇨🇦 apes. Shares took 2 weeks to transfer out of trading account 🇨🇦, but I have to wait for physical mail before creating a second account. Years ago I created a CS account for a private company that IPO’d.

Sharing this because I didn’t realize I would have to make a second CS account for my GME shares.

If this helps out one APE then great.

Buy, HODL, DRS

k24hatch · 2021-10-13T14:15:06+00:00

Thank you for this post! I decided to stop being lazy today and transferred my 4 little shares from fidelity. The girldidn't even need to ask what I was after lol I was on hold for about ten minutes and on thephone with her for less than 5. Fucking jacked right now! My tits are jacked!

Mental-Link-9681 · 2021-10-24T13:38:15+00:00

S.I.T

🇨🇦 Update for Scotia ITrade

🇨🇦 ape here...i just started my Drs transfer Friday..here is the skinny..

.it costs one hundred dollars (Canadian) for ITrade and up to 500 (US) for the Drs registration (and hassle of locating shares)...this monies must be in your acct in which you're transferring shares from (beforehand)...they also had to change my TFSA acct to a Cash Optimizer acct (this took two seconds)...the time frame i was given was 4-6 weeks (for registration completion) so obviously the time frame has increased from the previous post on here for ITrade...also...lets say the stock starts to take off and you are mid stream and you want to stop the transfer, you can, just call itrade and cancel your transfer, this will only take two to three business days (is what i was told) for them to get your shares back into your acct, but 4 to 6 weeks to transfer...lol...as we all know you can not trade these while in transit...they are in limbo but whatever the price of GME is when they pop up in your CS drs share/s acct on the other end...that will be their value...

Hope this was helpful

✌🦍🦍🦍

Edit: total time was roughly 30 minutes..

HomeshareDiva · 2021-10-26T06:31:11+00:00

Has anyone here tried to drs shares from Moomoo(Futu). I can't find a way to do it.

I have an account at CS, but have not been able to log in, waiting for my purchased shares to confirm...

captaindickfartman2 · 2021-10-28T11:57:45+00:00

Wait. Does this mean Computershare is the bannanastand? There is always money in the bananastand.

Groundbreaking_Goat1 · 2021-11-03T14:33:03+00:00

69k apes online , bullish

abisso54 · 2021-12-13T14:48:18+00:00

How do people with low karma post for the bot?

Tomos1977 · 2021-12-13T15:27:14+00:00

Diamond hands being forged 💎 🙌

LearnEspanol · 2021-12-13T15:43:11+00:00

This is the December’s dip before the January’s rip

DirtyRed32 · 2022-01-21T17:42:08+00:00

WHY DO THEY KEEP TAKING THIS AWAY AND RE-ADDING IT? JUST KEEP IT UP

CaptainFalcon206 · 2022-02-03T19:13:20+00:00

!DRSBOT:20!”

lebronformvp · 2022-02-04T22:21:46+00:00

Why was this post removed from the sticky spot on the main sub page? its a great resource.

BackpackGotJets · 2021-09-28T20:04:32+00:00

I finally may have figured out a way to correctly update my cost basis from my RH transfer to Fidelity over 5 months ago. I had to use their secure e-mail tool to attach a spreadsheet detailing every GME transaction including date, amount, and cost basis. Once they update my cost basis, I will start transferring lots of 20 or so shares at a time to CS so I don't get caught without access to my shares. The problem was Fidelity only allows you to enter up to 4 decimal places manually and RH provides 6, so I ended up with a massive discrepancy in shares.

The reason I want to resolve my cost basis before transferring is because I feel like this may end up being a massive tax headache in the future if I don't. Side note for all other apes that have messed up cost basis, make sure to download your monthly statements from your old brokerage so that if they cease to exist at some point, you won't have the tax man big mad at you. If Fidelity takes too long to update my cost basis, I will just have to rely on my spread sheet and statements for tax purposes and just start transferring to CS.

I also switched my account to be Last in First out so that when I do transfer, all my tax advantaged shares will still remain in Fidelity when I go to sell if this goes on into January.

I am hearing it is taking weeks for some brokerages to locate shares and I believe this based on what Dr.Burry had reported when he had his shares recalled. I hope this isn't received as FUD. I am simply stating my personal hang ups before I start the CS migration. I will be transferring a majority of my shares there when this settles, but like I said only 20 or so at a time. None of this is financial advice, I am a crayon eating, XXX holding, ape.

Edit: I will be switching my Fidelity acct back to first in first out in January so I sell my oldest shares first for that sweet sweet long term cap gains.

JohnnyKnifefight · 2021-10-19T23:57:01+00:00

Can I just sell my TD shares and direct buy from computershare?

ItsNotanM3 · 2021-10-26T17:31:09+00:00

Is there a guide to DRSing from cashapp?

SnooApples6778 · 2021-10-30T16:55:36+00:00

Thanks mods for pinning this back up there. Any idea why it became unpinned?

tmountain · 2021-11-03T14:59:27+00:00

New to the sub, hello everyone! I followed the instructions to DR new shares using Computershare my bank account shows the following as of November 1st.

Withdrawal ACH GAMESTOP CORP/TYPE: XXXXXXXXXX 
ID: XXXXXXXXXXXX: GAMESTOP CORPEntry Class Code: WEB

I haven't received a Computershare login yet. Do I currently own GME shares, or will that happen after the account is created? The dollars have been taken from the account.

Excited to join the party!

RedHotChiliadPeppers · 2021-11-10T22:31:53+00:00

That quote from Kenny is going on my wall post-MOASS. Like a bad comedy joke .

cheeqi-moonqi · 2021-11-13T01:16:30+00:00

Kind of neat: today I got around to posting my 22 DRS shares (so far) and within hours got over 1k upvotes.

Just pausing to think that others upvote DRS like I do -- with a smile, but totally at random moments. And if "random" nets 1000+, think how very many apes there are holding the line.

Y'all rock pretty hard for peeps I'll never meet. :)

Live-Situation8533 · 2021-11-14T01:22:45+00:00

Finally got my DRS letter :-)

Superstonk

Welcome to r/Superstonk!

Community Posts

Wiki || Rules || Automod Info

Post Flairs

Submission requirements:

New here? Start with these:

The Superstonk Library aka gme.fyi

Discord Daily Thread DRS Guide AMAs DD Library Hide CS Posts

MODERATORS

GameStop: A Long Story Short

DO NOT FORGET TO ADD YOUR SHARES TO THE DRSBOT TALLY!

List of Guides & Resources for Using Computershare

What is Computershare?

DTC STOCK WITHDRAWAL

Why Direct Registering YOUR shares is important

What Now And What’s An Exit Strategy?

Final Thoughts

------------------------------------------------------------------------------------------

What We Still Don't Know

Other Resources for Computershare

Current DRS Bot Tally as of 11.25.21

Going to use this sticky as a place to feature great comments that need more attention

------------------------------------------------------------------------------------

IF TRUE: (NOT TRUE, WHEN THE WHOLE FLOAT GETS REGISTRERED, ComputerShare WILL INFORM GameStop AND THEY WILL DIRECT ComputerShare HOW TO PROCEED. For the time being, CS cannot registrer more shares than the float)

Superstonk

Welcome to r/Superstonk!

Community Posts

Wiki || Rules || Automod Info

Post Flairs

Submission requirements:

New here? Start with these:

The Superstonk Library aka gme.fyi

Discord Daily Thread DRS Guide AMAs DD Library Hide CS Posts

MODERATORS

Welcome to Reddit,

GameStop: A Long Story Short

DO NOT FORGET TO ADD YOUR SHARES TO THE DRSBOT TALLY!

List of Guides & Resources for Using Computershare

What is Computershare?

DTC STOCK WITHDRAWAL

Why Direct Registering YOUR shares is important

What Now And What’s An Exit Strategy?

Final Thoughts

------------------------------------------------------------------------------------------

What We Still Don't Know

Other Resources for Computershare

Current DRS Bot Tally as of 11.25.21

Want to add to the discussion?

Going to use this sticky as a place to feature great comments that need more attention

------------------------------------------------------------------------------------

IF TRUE: (NOT TRUE, WHEN THE WHOLE FLOAT GETS REGISTRERED, ComputerShare WILL INFORM GameStop AND THEY WILL DIRECT ComputerShare HOW TO PROCEED. For the time being, CS cannot registrer more shares than the float)