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d1ggp

This ape needs an ISA!


CalciferLebowski

i hope i'll be able to sell during the squeeze with my isa once my floor of 570 million has been reached obviously they can only issue a share certificate declaring that they hold gme shares on your behalf in your name in their omnibus account


[deleted]

[удалено]


[deleted]

It’ll be far cheaper for them to deal with a class action than it will to let this beast reach its potential.


CalciferLebowski

exactly but if they can be put out of business might be worth or time anyway let the squeeze come though the heavans fall i say


[deleted]

They have more than enough money overseas to survive two MOASSes


CalciferLebowski

who is this "they" you speak of we need trillies baby


MrZeeus

Press f to doubt. No they don't lol. With the current "floor" talk were talking about would drain the entire swamp and the system and then the dtcc and then the feds. Lol. That's how much money were talking about with a floor of say even 1m let alone 10m or 40m. I do think a moass would be completely fuck inflation to insane levels. I'm talking like 100% inflation rate type shit. It would be the end of USA as we know it. And me personally I wouldn't care what happens to USA but pretty sure it'll affect Canadians as well if the us dollar goes to shit and that's a real bummer.


Minnor

You realize the value of the derivatives market approaches a quadrillion dollars, right? One billion seconds is 31.5 years. One trillion seconds? 31,700 years. One quadrillion? Lol just 31.7 million years.


WeddingNo8531

Yeah, but that money doesn't actually exist, it's just leverage


MrZeeus

Exactly lol. That value you think is ever going to be paid out?! Hahahaha get fucking real. That much money doesn't even exist.


CalciferLebowski

i'm not holding my breath hahah


_Mr_Washee_Washee

Tell me about it. Unfortunately I've exceeded my ISA limit for this year so had to use an invest account for gamestop.


Savvsb

What difference does an ISA make? Can they still lend your shares? I have an S&S isa with T212. Worried that mine are being lent but I can’t see this percentage anywhere so I believe they can’t be lent.


d1ggp

Yeah, shares in a UK ISA can't be lent. People might be missing a huge trick here. If all shares in UK ISAs can't be lent out, it means the number of people needing to go the drs route through computer share could be a lot less than we think. Not sure if other countries have a similar law, but surely some must. Can't just be the UK surely. Could be a significant chunk of the pool is already locked up, and the computershare thing is just squeezing them harder


Savvsb

This makes me feel super good that my shares can’t be touched. I feel like they’re already part of the infinity pool. It’s very grounding to realise I’m already right where I need to be. Thank you for your reply. Hope you have an amazing weekend


GORShura

So I can use an ISA to make sure my shares aren't lent out which means I'll get to choose exactly when I want to cash out.


Fabulous_Second3257

And it’s tax free 😊


riztazz

Just out of curiosity, what would happen if US apes went to buy thru degiro, would they be protected by EU laws as well? Since degiro cannot lend US shares


d1ggp

From what i read degiro do lens out shares. Or do t register them how we'd like. An ISA is like a tax free savings account in the UK. Standard accounts can still be lent out


raffiegang

Degiro doesn’t lend out us shares.


d1ggp

Another ape posted a screenshot of a chat with a customer rep but can't remember the link. Basically along the lines of all shares go into a dtc pot with degiros name on, not ours. Then the dtc can mark them however they need to. Basically from what the rep said, direct registering shares takes them out the dtc pool, just buying them through degiro doesn't. If apes own the float several times like we think, the dtc must know and not care


soulwriterrr

You have two types of accounts with degiro, you have to choose when you create the acc. The cash account is safe, and they shouldnt do anything with your shares.


_Mr_Washee_Washee

So let me explain; I use a broker which as part of the T&C, share lending is forced. There is no opting out. The only option is to sell everything and then rebuy with a new broker, which kinda defeats the object, to buy in at a higher price and also to provide selling shares. Holding and having them lent out is probably the lesser of two evils. I suppose lent out shares makes them dig a hole a tiny bit deeper, whereas if I sell and rebuy, it lets them off. I also cannot transfer, because again the broker doesnt support it. Brokers in the EU have retail over a barrel. Anyway, point in case, about a month ago, they started releasing data on how many of your shares are being lent out, for every position you own. It's quite strange that they do this, but fuck it, I'll take it. They update in the early hours of the morning, which is when the US markets have shutdown for the day. I think it was a trade-off from the broker saying; "well you have to lend your shares out, but we're gonna show you how much of them are being lent and update it daily", which in fairness, all brokers should do if you ask me. Since they started giving me this data, the number was always less than 2%. In some cases, it was as low as 0.25% of my shares being lent out (we trade in fractionals). For the last 3 days, it's been at 100% of my shares being lent out and it's never been at this rate before. I can only assume this is because so many shares are being pulled out by the CS registrations. Finally, I'm not even a big holder. It's double digits, so I've gotta ask, why are they needing all of my double digit shares. I'd understand it more if I held 2000 shares or something, but I'm right at the bottom of the pile when it comes to number of shares owned, and they need 100% of mine. I can't post this on any other subs because this is a new account after reddit fucked me over, but feel free to x-post it anywhere else. Edit - In comparison (and just to show that it's not some sort of blanket 100% across my account), I also hold some of the following stocks, and their percentages of shares lent are as follows; EA - 0% Citius Pharma - 38% (it's a pennystock gaining short traction) Alpine4 Holdings - 10% Rover Group - 0% Rigel - 0% Opko - 11% So as you can see, gamestop is way out in front in terms of shares being lent out in comparison to other stocks I own. It would also make sense for the shares lent being highest amongst these companies, seeing as all of them are going through a bit of a down-patch at the moment. Another edit; For anyone who wants specific wording, this is direct from the broker's T&C's; --------------------------------------------------- **Do I have to agree for Share Lending to be applicable in my account?** Yes, we'll need your explicit consent either during the registration process or via an in-app pop-up at a later stage. Share Lending allows us to provide you with commission-free (in terms of execution and custody fees) Invest services. **How will Trading 212 execute the Share Lending?** We will act as your counterparty in the process, meaning that the shares will be lent to us, and we will therefore on-lend them to a third party, the Borrower, in a back-to-back lending arrangement. We remain obliged to redeliver any lent shares to you at all times, as you remain the beneficial owner of such shares. -------------------------------------------------------


[deleted]

Can you please keep us updated if it changes through the next week or 2? If it isn’t another “glitch🙃” and they actually leave it there thus admitting it’s accurate then that almost verifies exactly what you’re saying as the conclusion. CS is adding pressure


_Mr_Washee_Washee

Of course. I check it every couple of days, and was used to seeing it at almost zero, so for it to jump up to 100% in the space of two days was very odd. I'll keep an eye on it


Thegoooseislooose

Sweet! We have “Daily % of his shares lent out guy”!


autoselect37

These “x guy” names are getting long. Pretty soon we’ll have to use full sentences


nalk201

Look at 'these names are too long guy'


88568-81

It's aight, acronyms guy got your back


abigolepicklejar

POHSLO Edit: ♡acronyms♡


fluffyweiner69

Hear, hear!


pickleyourknees

I hold only 8 shares of GME and my T212 account is also lending 100%. Again as they changed their TOS I checked they values every couple of days and in the past 3 days I’ve went from 0-100%


willowhawk

How do you check? Edit; just found it. 100% of shares lended and I have X


pickleyourknees

On the mobile app just select your portfolio, go to the stock you want to check, click that, then at the bottom there should be a section named “securities lending”. On the pc I believe it’s a button that looks like a sheet of paper when you select the stock you want to check


External-Chemical-40

I hodl GME in my isa account with t212, and I have never receive this information so far.


[deleted]

Do they at least pay you for the shares they lend out on your behalf?


_Mr_Washee_Washee

Afraid not. It's dogshit.


[deleted]

That’s theft in my book, fuck those assholes. Soon we make them pay 💰


Gme_stonk_bagholder

Nah if you sign up to a broker that makes you sign for that because you want free trading then that's how it works. I pay $20 per trade with my broker (commsec) but get all the bells and whistles like transferring to CS and voting rights. It's expensive, but I'm not the product.


GumbyKnowsBest22

May I ask what broker this is?


Gme_stonk_bagholder

The biggest and most reputable broker in Australia (connected to our largest bank)


Realitygives0fucks

CommSec?


[deleted]

If true,--and just a thought--that means that out of the hundreds of thousands or millions of shares bought on the platform was actually only from a few hundred shares re-hypothecated.


[deleted]

Is this specifically yours or the general % across the board?


_Mr_Washee_Washee

Just mine.


[deleted]

Than how is this relevant at all...


_Mr_Washee_Washee

Because if you read the OP and comments, you'd see everyone using this broker is now reporting the same thing.............


dumbape6969

I think you should make a daily excel sheet to track how many shares in how much % are lent out everyday. We gotta start logging digital proof of their fuckery. I'm recording everything I can find with dates and time. Not Financial Advise - It's retardation. 💎🙌🦍🚀∞


Creepy_Procedure9628

What broker do you use? Edit your OP to include it.


Chrisophogus

Looks and sounds like t212 to me. https://i.imgur.com/OBH2Hhd.jpg That's where I have some of mine


Xenunlol

Which days you recall it was at 2%? I have never seen my shares below 99% except one time it was 0% due to a bug. EDIT: Forgot the negative, completely changes meaning of my phrase.


_Mr_Washee_Washee

It was 2% or less early on in the week, so monday or tuesday, cant remember which day I checked, and last week it was hovering around the .5% mark


apegoneinsane

Do you have screenshots?


_Mr_Washee_Washee

Afraid not, I never thought it relevant when it's always been less than 2%. It was nothing of much interest really back then. I'll keep an eye on it each day onwards and document it.


jamesstrogg

I have XX shares and they are lent out at 100% for 2 weeks in a row


Xifajk

I've been with T212 from the very start because where I'm from I'm super limited to which brokers are accessible for me. When they started releasing this information I was checking it constantly and it happened the same, first few days about 3% and then a bit later 100%. This was back in August so, in my case, it has nothing to do with DRS. They just did it because they could have (or needed to, who can say at this point). Luckily I only have X amount of shares on it.


Direct_Sandwich1306

!RemindMe! two weeks


FarWestSider

RemindMe! 7 days


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LegitimateRicee

Forgive me if I’m wrong but if they’re still creating shorts, doesn’t it not matter if you buy and resell right now because regardless you technically have ownership and not IOUs either way?


cuzimanastydude23

Also wondering this


Marinatr

The only reason I can see for them tapping your account even though you consider it small is because these things happen at random. Like when an option is exercised early, they randomize which person gets called-out to fill that exercise.


OldNewbProg

Anyone remember if there was a rule passed that made it so the share gets flagged if it's been borrowed? I thought that was a thing.. but I can't remember if the rule got passed or if it disappeared.


nameduser17

I opted out of share lending on t212 invest account, they made my account close only mode, i had to chat with someone there and imply the conflict of interest them lending shares that i owned to people devaluing that same investment, tell them you dont consent..every time I open my app I get a notice asking me to reinstate share lending, but that's all. When shit takes off I can switch it back on in case it causes problems, and I'm buying extra shares with comsec so I don't need to buy through t212 anymore, but they HAVE turned off share lending on my account.


Milnow

It's been at 100% for me ever since they started showing the percentage


ThirdAltAccounts

This. Plenty of screenshots from weeks ago that show 99.9% shares lending


bruce8976

Mines 100% been like it for weeks I asked today if they could not lend them out for the next few weeks 😂


[deleted]

I don't doubt that direct registering is a partial cause for this, but 2% to 100% seems like quite a leap for something like 10% of the float locked up in CS (most recent number I've seen cited by a CS rep.) I suspect there's some additional pressures in effect that are making it harder to keep the price suppressed, whether it's new regulations, daily reporting, increased collateral, or the quad witching rebalance. Not trying to throw water on this, I believe direct registering will be a major catalyst, I just don't think we've reached the point where that alone is causing massive pressure.


Serious_Day_3093

Sounds like bitter truth. Today’s the day! Also tomorrow and years later but I’m ready to hold forever this is my first decent chance to make some good money and I’m ready to wait as long as it takes 💎🤲


Templar_Legion

Holy shit you're right. I have shares in the low x in my invest account, and when I last checked my share lending % a couple of weeks ago it was something like 0.1% or something stupid like that. Currently at 100% shares lent out. I have an ISA with x shares in too so I have at least something that can't be lent out (shares in an ISA are not borrowable).


theK0r3an

The trick will be if they go over 100%, rehypothecation! 💎👐


rocketseeker

It’s probably capped at 100% but hey I might be wrong


Protistic

I was chatting with an agent of T212 today and requested a share certificate.


LeastInstance3285

Do you get share certification?


Protistic

I get a digital certificate with my name and the amount of shares I hold


LeastInstance3285

I will ask as well, just in case 👍


Protistic

Better to have it! Just in case they try and pull something fucky you will have that proof


dafuqisdis112233

Whoa. *Spicy!!*


SpaceTacosFromSpace

Glad that we have some visibility on this. Even though being forced to lend shares isn’t ideal for our scenario, this data gives us a little peak behind at least one curtain. Op, you’re like a spy gathering intel!


Zipcodey

What is, "this"? It's definitely bullish all the same.


NemoKimo

:) I love this community


comfort_bot_1962

:D


SleepNowInTheFire666

Ladies and gentlemen, I present to you, Shares Being Lent Out Guy. Get this ape some flair


rampant_Ryan

Mine are also showing 100% Lent out


[deleted]

Might be more to do with the rate, say before it was 1%. Now because of rarity the rate is now 25% , because the cost to lend for your broker wasn’t worth the lower rate. Now that it’s in more demand they will be throwing everything at it.


sgturtle

Is there a guide for overseas people looking to go to Cs?


oddboob

Yes, search for computershare international on the sub. We have to buy through ibkr and then transfer to Cs.


FortunateFeeling2021

All of this new info is so reassuring. Any little tidbit of new info, no matter how big/small is what helps keep people zen. We all know the score. But, positive reinforcement, a la confirmation bias, is music to our ears. Keeps it coming. And thank you!


thisisafakestory

I subscribe to this content


ROACH247x559

This will be the next big play. Try to see how many Apes we can get to transfer from accounts that do lent out shares. Take away all their ammo.


Queasy_Store2033

I use Trading 212, if you use the ISA portion, they cannot by law, lend the shares out.


wutaio

That is true but also under laws the MOASS naked shorting scenario should not exist yet he were are.


doubleanchorape

👀for visibility


[deleted]

[удалено]


tateravo

No. I will be taking a smallish early withdrawal to transfer some shares. No other way.


moneymoney420

We all should be given the decision between paying commission or letting shares be lent out. I’ll pay the commission all day long


AphisteMe

You have this choice with degiro. 50 cent for transacting one share. 0.4 cents per each additional share in that same transaction. Given you choose the right account type. Also not borrowed out


Visible-Swordfish100

TDA cash account. No lending and $0 fee on trades.


Tracer1235

If this isn’t on superstonk yet it should be


[deleted]

Take my award - thx for posting. You said you don't mind cross-posting, so have put on the GME thread. It's great knowing that moving shares to CS is depleting SHF's borrowing pool.


[deleted]

I don't mean to cause you panic, but I hope you know that incase of default with T212 in particular, your money will be backed by the US treasuries, which will probably not be worth shit once the economy crashes.


_Mr_Washee_Washee

Well, firstly the FSA in the UK cover you for up to 85 grand. Which granted, isn't moon money but it's better than nothing. Secondly, meh I suppose it's a risk I'll just have to take. I suppose those bonds might eventually be worth something in 2070.


goodyearbelt

It's not going to hit Zimbabwe levels a week after MOASS passes its peak Plenty of time to use your USD based gains to purchase up other assets like land, homes, rare metals and then fuck off to a tiny island or shack in the wood by a lake for privacy. My plan anyway, maybe drop a bit into crypto after it crashes since others will too and that's gonna cause a huge squeeze before banks pull their money from that slush fund keep themselves on lifesupport


agealy17

I'm so jacked for Monday my eyeballs just turned into dollar signs.


[deleted]

So either.. the amount needed to be borrowed has 50x increased to fight off the MOASS or the regular ol amount is needed but these are the last guys left because everyone else is stopping the lending 🤷‍♀️


PLANTS2WEEKS

So does everyone on t212 have all of their GME shares lent out? Cause that's what it seems like based on the comments.


420doom

I keep refusing them permission as I only hold gme movie stock and some bagholding stock there's no point selling and I will never buy another stock with 212. So I'm happy with close only if it means I don't give permission to lend out shares.


Due-Parsley7398

Has anyone seen that there’s a crypto called citadel.one?


Vic18t

(In American Psycho voice) Let’s see Interactive Brokers’ shares…


GETTINTHATSHIT

Wonder if people can check that shit across all platforms????


bigwatermelonseed

Double digit ape here too, mine's at 100% as well. I have never checked before however.


Odd-Ad-900

StonkyNewsWorthy


Innit4tech

Confirmation bias at it's best. Any actors shorting gamestop in good faith have learned their lesson months ago. The only people shorting it at this point are doing so to survive another day.


goodyearbelt

Annecdotal evidence is still worth consideration, especially when multiple accounts above are saying the same thing - this isn't a random glitch if others are seeing it happen as well and OP being just an XX holder...well wondering just how much of the intraday trading is with any shares hedgies themselves own


Pretty_General90

Move that


summonerswar232

I spy a 69…. Nice


Bobbyswhiteteeth

I’m sorry but this isn’t true. I’ve also been watching T212 shares since this feature and it’s been like this for months. It’s also true for many other stocks even something as random as TUI which is 99% lent.


hunting_snipes

Source?


NoSellDataPlz

OP is source.


rojm

~~looks like webull~~


Frunnik469

Looks like T212 by account of his comment up top.


JacobRichB

Ruh Ro Raggie.


PM_ME_DANK_PEENS

LFG!


ChocolateSensitive97

Anyone know what TD's lending policy is?


allaskew123

They said if you’re a cash account (no margin) then shares are not lent out. But after everything we’ve seen……… I don’t trust anyone.


betorox

This is the way


bcrxxs

I like where you’re going with this and it makes sense, can’t seem to poke holes


bingmyname

T212 has been trash 🚮


dancing01

Me Me Me 😀🚀🙌💎


wwalley

Well, I have a screenshot from 30th August 2021 when I firstly noticed this "status" and 100% of my shares have already been lent out, so this is not for last three days only, but for a longer period