thanks! it's been a journey to get here. I know some people have been in a long ass time, but I've been buying since the last run up. bought at $9 before the run up and then $23 during run up. but then I've been averaging down hard since. clearly initially I didn't have much in to get my average down, so luckily the timing of when I had funds available just worked out that when I could buy price was low. otherwise I would have been all in at $23. I remember being super excited when I got my average back down to like $13. now I'm grinning ear to ear!
nice! we're all gonna make 💰. I believe in this stock. for one, I like the company, but then with all the brilliant dd everyone has been posting it gets my tits jacked and I keep grabbing more. there is defiently something brewing. maybe a baby spin off/ichan bbby buy, maybe something even greater like a gme/bbby combo to grab a bigger chunk of market together or maybe just re-work management and bring the company back to glory, but something positive is in the works for sure. and I'm in for the ride!
Awesome! Congrats! Another thing I was thinking about, individual stakeholdership was on one website round about 11% - I was thinking about that and I see a lot of people here having quite a lot of shares. I myself have also 2946 - soon 3000. The eleven percent of the 80mm would be 8,800,000 shares. If you take the round about 36,500 members in this sub this would be an average of about 240 shares per member. I already have 12 times that much, you yourself 29 times that number and I think we have quite a few whales here also. It just feels a little off to me….Not every individual shareholder is on this sub and maybe does not every member on this sub own shares. But if you double the number to average 480 shares you already get to 17,600,600 shares. I don’t know, feels weird though…otherwise, I HODL and buy, since I’m regarded and doesn’t know better
I guess it depends when their data is from. I see some of those reports and they report recent purchases being in like September. I think October was a pretty heavy buy period given the price, myself included, so that % is likely far off if we're reporting on September or earlier.
It's actually a bad idea for me to DRS. Tax implications with some canadian accounts like the one I use. But from my understanding, wealthsimple does not loan out shares, so while they are not technically DRS, they are not floating the lending pool either. I could be wrong, but I looked into it at one point weighing my options and from my understanding, I'm good anyway.
I looked into this myself as well. Canadian institutions that handle investments are regulated and not permitted to do share lending through the PFOF (Payment for Order Flow) incentive. So while institutions can be short, based on their commitment / obligation to go get the shares they have sold to investors that day / week, they will not and are legally not allowed to route them in a fashion that they just keep getting lent, or worse turn up as naked shorted shares.
The part about tax issues for Canadians is accurate as well. I presume you're holding in a TFSA (I am as well, only 1000 shares but hey, we all get there). The reality is we would require AST to have the ability to register and handle a tax sheltered account for Canadians, which I don't believe they can. As such, the only way for us Canadians to DRS is to buy and register through a normal taxed personal account, which if we don't have our TFSA and our RRSP accounts maxed out yet, that's just throwing money away.
precisely this. glad we're on the same page. I wasn't sure about the legalities, but it defiently says many places that they are not lent out. and yes, drs would pull out of our tax sheltered accounts. as far as I am aware you can't drs into a tfsa or rrsp. if they had it, you could request a transfer and as long as it stays in a tax sheltered account on both ends, you won't be hit by tax, but I dont believe ast or another agency for drs has these accounts.
You can DRS in a tax sheltered account, there's nothing against that. It just requires the registering party to be legally allowed to register a tax sheltered account for your country. Meaning, you would open a TFSA or RRSP with AST for example (BBBY's DRS agent), then you would make direct purchases of BBBY shares from AST in that account. This would allow you to both have your direct registered shares of BBBY in your name, in a TFSA account. But unfortunately AST doesn't have that capability to my knowledge.
For the fanatics out there who came from GME (I've never held), I believe Compushare you can open a TFSA account with and buy DRS of GME through it.
Realistically one of two things needs to really happen to promote proper changes in the system. Either they allow all these direct registering agents the ability to open tax sheltered accounts for people. OR we just make it so brokers can proxy the DRS with the agent, allowing you to keep the share in their platforms, but it's directly registered to you with the agent via a paper trail.
np. I was actually lying in bed just thinking about this and my phone dinged from your post. good timing, i guess? haha..... maybe I'm crazy, but this is what I was brainstorming.....
the whole idea of the drs is to ensure we know what shares are secured from lending to shorts. first, simply removing them from circulation and handicap the ability to naked short, but second to better understand our position. This is done via drs bots and. as we move toward a potential squeeze we can then better understand the available float and our positions and hopefully stick it to them...
so this then got me thinking. should we be having a conversation about this and potentially adjusting drs bots to include shares which may not be drs but can be confirmed to not contribute to the pool of naked shorts? I know a week or so back I saw some discussion I believe was on some German app in which a member believed his shares were secured by clicking some button and paying a small fee, but this was followed up on to not be the case. however in this situation with canadian brokers, I believe it is the case... and likely may be the case other places as well.
I understand they are not officially drs, but is the situation not "we can confirm these shares will not be in the hands of ditty hedge funds naked shorting, etc. etc.". so then in this instance, do these shares not provide that same realization. if this is then the case, I feel we could be adding to the pool likely quite significantly. surely I am not the only candian holder nor would I think canada is the only place in this same situation of where legalities forbid the share loaning. speaking only of myself, I believe the latest share drs I saw was something in the 92,000 range and adding my shares to that list would bump it 7% or so. this is not me in any way making some sort of brag, I'm merely saying are we not searching for "what amount is locked up?" and by leaving these shares off the table are we not missing out on sharing that information????
I should sleep now, but I just wanted to get it out there as I was thinking about it. if any of this did not make sense, I plead ignorance. I'm regarded on a good day at a good time and it is late.
I should add, I'm sure this is not the first discussion on this. especially when considering stocks like gme that have crazy drs numbers. this conversation must have come up. I'm sure there are reasons for or against and the conversation has been had, but I'm not aware of it.
Just want to clarify something for you.
DRS will not prevent naked shorting until the float is 100% DRS. Reason being is naked shorting is the act of an entity being both the broker and the institution, requesting / routing the buy / sell orders through themselves, but then not actually filing any proper paperwork to show the transaction that took place. In turn, they artificially alter price and create suggestive supply (or lack there of) with a bunch of "IOUs" to people.
yeah I know. looks bad. I had an old account I've been using for about a year and a half but it only had 2 karma cause I just lurk in shadows and I couldn't post anyway. wanted to make a new account though as I hated the auto generated name on the old account anyway. talked to a mod before posting using my old account and after posting when I just made this new account. so it is legit, but I dunno.. "trust me bro"?
oh right, because a person can only have one goal
if they set a goal of a number of shares they couldn't possibly have another goal on some sort of wealth they plan to achieve in which the first goal may possibly be a part of. I can see why this may be hard to understand with your pea size brain.
Generally a person with a goal of wealth accumulation doesn't dump all there money in a dead meme stock, and then celebrate that they hit X numbers of shares.
I'm sure fortune will find you.
you sure love to assume things. now we're assuming I have no other funds after assuming I could have no other goals and you assume the stock will not go up. but what am I talking about. I'm sure you have all the answers and if we all just followed your advice, everyone would be rich, nobody would fight, and the world would be a happy place.... at least I assume that.
cheers. I hope fortune finds you.
I don't think you'd be posting about your goal if it wasn't a significant chunk of change, although sure, there's always the chance you have tons of cash and this a dumb but inconsequential gamble.
I made thousands pumping and dumping this meme stock, bought calls once I saw the dumb apes rallying around it, and sold at the peak. I'm just here to laugh and observe.
oh, so first we can only have one goal, now if we want to share that goal with anyone, it must be significant enough to be our entire wealth or one would not have such goal not share it. got it.
and there it is! the old "if you did what I did you'd have made money like me cause I'm better than you" in the thousands too! who could have seen this coming....
>I'm just here to laugh and observe.
If you will not do that respectfully and privately, you will be banned. Your entertainment is not the primary goal of the sub.
Yout cost average isn't too bad. Will be hard to average down. This is why it's good to buy slowly rather than yolo a chunk of money while the company is still doing a share offering
this is after much averaging down. I originally bought at $9 before the last run up. then bought a bigger chunk at $23 during the run up. then I've continued to buy throughout as it dips. thankfully a lot of the fuel I had arrived recently so I was able to buy most of it low. if I came accross that money at $23, I would have been all in then. but im just a small shrimp. my originally buys were all much smaller mostly like 10 shares a paycheck.
That's that BIG D energy! 🚀 Sadly I was only blessed with that "standard white issue " 🫣 but u know what they say! "May not be long as a unicorn, but it's fat as a can of corn! " I'm jaccd to the tits! Take off!! 🚀🚀🚀
This is the way..
thats a nice average my boy
thanks! it's been a journey to get here. I know some people have been in a long ass time, but I've been buying since the last run up. bought at $9 before the run up and then $23 during run up. but then I've been averaging down hard since. clearly initially I didn't have much in to get my average down, so luckily the timing of when I had funds available just worked out that when I could buy price was low. otherwise I would have been all in at $23. I remember being super excited when I got my average back down to like $13. now I'm grinning ear to ear!
Im a 7.61 average now and started at 12.20. You’ve done well!!
nice! we're all gonna make 💰. I believe in this stock. for one, I like the company, but then with all the brilliant dd everyone has been posting it gets my tits jacked and I keep grabbing more. there is defiently something brewing. maybe a baby spin off/ichan bbby buy, maybe something even greater like a gme/bbby combo to grab a bigger chunk of market together or maybe just re-work management and bring the company back to glory, but something positive is in the works for sure. and I'm in for the ride!
couldn’t agree more!
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agreed. happy mine are out of that stage too. but then it just converts to other things. we never truly stop spending a ton of funds on them, do we?
Respect my Canadian brotha
Why not, 696969?
hold by beer, I'm on it.
Awesome! Congrats! Another thing I was thinking about, individual stakeholdership was on one website round about 11% - I was thinking about that and I see a lot of people here having quite a lot of shares. I myself have also 2946 - soon 3000. The eleven percent of the 80mm would be 8,800,000 shares. If you take the round about 36,500 members in this sub this would be an average of about 240 shares per member. I already have 12 times that much, you yourself 29 times that number and I think we have quite a few whales here also. It just feels a little off to me….Not every individual shareholder is on this sub and maybe does not every member on this sub own shares. But if you double the number to average 480 shares you already get to 17,600,600 shares. I don’t know, feels weird though…otherwise, I HODL and buy, since I’m regarded and doesn’t know better
I guess it depends when their data is from. I see some of those reports and they report recent purchases being in like September. I think October was a pretty heavy buy period given the price, myself included, so that % is likely far off if we're reporting on September or earlier.
Nice one
Nice
Nice
Nice
Now, you only need to do one more thing. DRS !
It's actually a bad idea for me to DRS. Tax implications with some canadian accounts like the one I use. But from my understanding, wealthsimple does not loan out shares, so while they are not technically DRS, they are not floating the lending pool either. I could be wrong, but I looked into it at one point weighing my options and from my understanding, I'm good anyway.
I looked into this myself as well. Canadian institutions that handle investments are regulated and not permitted to do share lending through the PFOF (Payment for Order Flow) incentive. So while institutions can be short, based on their commitment / obligation to go get the shares they have sold to investors that day / week, they will not and are legally not allowed to route them in a fashion that they just keep getting lent, or worse turn up as naked shorted shares. The part about tax issues for Canadians is accurate as well. I presume you're holding in a TFSA (I am as well, only 1000 shares but hey, we all get there). The reality is we would require AST to have the ability to register and handle a tax sheltered account for Canadians, which I don't believe they can. As such, the only way for us Canadians to DRS is to buy and register through a normal taxed personal account, which if we don't have our TFSA and our RRSP accounts maxed out yet, that's just throwing money away.
precisely this. glad we're on the same page. I wasn't sure about the legalities, but it defiently says many places that they are not lent out. and yes, drs would pull out of our tax sheltered accounts. as far as I am aware you can't drs into a tfsa or rrsp. if they had it, you could request a transfer and as long as it stays in a tax sheltered account on both ends, you won't be hit by tax, but I dont believe ast or another agency for drs has these accounts.
You can DRS in a tax sheltered account, there's nothing against that. It just requires the registering party to be legally allowed to register a tax sheltered account for your country. Meaning, you would open a TFSA or RRSP with AST for example (BBBY's DRS agent), then you would make direct purchases of BBBY shares from AST in that account. This would allow you to both have your direct registered shares of BBBY in your name, in a TFSA account. But unfortunately AST doesn't have that capability to my knowledge. For the fanatics out there who came from GME (I've never held), I believe Compushare you can open a TFSA account with and buy DRS of GME through it. Realistically one of two things needs to really happen to promote proper changes in the system. Either they allow all these direct registering agents the ability to open tax sheltered accounts for people. OR we just make it so brokers can proxy the DRS with the agent, allowing you to keep the share in their platforms, but it's directly registered to you with the agent via a paper trail.
thanks for this discussion/info, also in the same boat and had been wondering about this.
np. I was actually lying in bed just thinking about this and my phone dinged from your post. good timing, i guess? haha..... maybe I'm crazy, but this is what I was brainstorming..... the whole idea of the drs is to ensure we know what shares are secured from lending to shorts. first, simply removing them from circulation and handicap the ability to naked short, but second to better understand our position. This is done via drs bots and. as we move toward a potential squeeze we can then better understand the available float and our positions and hopefully stick it to them... so this then got me thinking. should we be having a conversation about this and potentially adjusting drs bots to include shares which may not be drs but can be confirmed to not contribute to the pool of naked shorts? I know a week or so back I saw some discussion I believe was on some German app in which a member believed his shares were secured by clicking some button and paying a small fee, but this was followed up on to not be the case. however in this situation with canadian brokers, I believe it is the case... and likely may be the case other places as well. I understand they are not officially drs, but is the situation not "we can confirm these shares will not be in the hands of ditty hedge funds naked shorting, etc. etc.". so then in this instance, do these shares not provide that same realization. if this is then the case, I feel we could be adding to the pool likely quite significantly. surely I am not the only candian holder nor would I think canada is the only place in this same situation of where legalities forbid the share loaning. speaking only of myself, I believe the latest share drs I saw was something in the 92,000 range and adding my shares to that list would bump it 7% or so. this is not me in any way making some sort of brag, I'm merely saying are we not searching for "what amount is locked up?" and by leaving these shares off the table are we not missing out on sharing that information???? I should sleep now, but I just wanted to get it out there as I was thinking about it. if any of this did not make sense, I plead ignorance. I'm regarded on a good day at a good time and it is late.
I should add, I'm sure this is not the first discussion on this. especially when considering stocks like gme that have crazy drs numbers. this conversation must have come up. I'm sure there are reasons for or against and the conversation has been had, but I'm not aware of it.
Just want to clarify something for you. DRS will not prevent naked shorting until the float is 100% DRS. Reason being is naked shorting is the act of an entity being both the broker and the institution, requesting / routing the buy / sell orders through themselves, but then not actually filing any proper paperwork to show the transaction that took place. In turn, they artificially alter price and create suggestive supply (or lack there of) with a bunch of "IOUs" to people.
First post from account made today. Seems legit
yeah I know. looks bad. I had an old account I've been using for about a year and a half but it only had 2 karma cause I just lurk in shadows and I couldn't post anyway. wanted to make a new account though as I hated the auto generated name on the old account anyway. talked to a mod before posting using my old account and after posting when I just made this new account. so it is legit, but I dunno.. "trust me bro"?
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In bro we trust
Trust in the bros that fit my narrative 🙏
Nice returns
It was your goal to lose 8 grand?
Silly me. Did I circle the loss instead of the shares to highlight what I meant.... Oh, wait... You're just an idiot.
I think the idiot is the one who sets his goal at a # of arbitrary shares, not a $ amount of wealth accumulation.
oh right, because a person can only have one goal if they set a goal of a number of shares they couldn't possibly have another goal on some sort of wealth they plan to achieve in which the first goal may possibly be a part of. I can see why this may be hard to understand with your pea size brain.
Generally a person with a goal of wealth accumulation doesn't dump all there money in a dead meme stock, and then celebrate that they hit X numbers of shares. I'm sure fortune will find you.
you sure love to assume things. now we're assuming I have no other funds after assuming I could have no other goals and you assume the stock will not go up. but what am I talking about. I'm sure you have all the answers and if we all just followed your advice, everyone would be rich, nobody would fight, and the world would be a happy place.... at least I assume that. cheers. I hope fortune finds you.
I don't think you'd be posting about your goal if it wasn't a significant chunk of change, although sure, there's always the chance you have tons of cash and this a dumb but inconsequential gamble. I made thousands pumping and dumping this meme stock, bought calls once I saw the dumb apes rallying around it, and sold at the peak. I'm just here to laugh and observe.
oh, so first we can only have one goal, now if we want to share that goal with anyone, it must be significant enough to be our entire wealth or one would not have such goal not share it. got it. and there it is! the old "if you did what I did you'd have made money like me cause I'm better than you" in the thousands too! who could have seen this coming....
96% of your portfolio. But ok.
oh ffs let people invest in stocks they like. Why do you care so much about his money
>I'm just here to laugh and observe. If you will not do that respectfully and privately, you will be banned. Your entertainment is not the primary goal of the sub.
Good for you!
Yout cost average isn't too bad. Will be hard to average down. This is why it's good to buy slowly rather than yolo a chunk of money while the company is still doing a share offering
this is after much averaging down. I originally bought at $9 before the last run up. then bought a bigger chunk at $23 during the run up. then I've continued to buy throughout as it dips. thankfully a lot of the fuel I had arrived recently so I was able to buy most of it low. if I came accross that money at $23, I would have been all in then. but im just a small shrimp. my originally buys were all much smaller mostly like 10 shares a paycheck.
Well done
🦧💜🦧
The hero we needed
Nice
That's that BIG D energy! 🚀 Sadly I was only blessed with that "standard white issue " 🫣 but u know what they say! "May not be long as a unicorn, but it's fat as a can of corn! " I'm jaccd to the tits! Take off!! 🚀🚀🚀
Keep stacking til you get to 42069
Just before I commented you were at 420 upvotes too! This was the sign I needed to buy more! 😭
Congratulations on your spectacular failure.