These past 3 years we’ve watched as our buy orders don’t impact the price because most of us can’t afford to buy a full 100 share lot all at once. It’s almost like the market is run by bullies who twist the rules to try and make us lose.
Even for those of us who can afford 100 share lots, if they don’t route through IEX their order likely goes into a dark pool and gets broken up into segments so it still doesn’t impact the price. AFAIK the only way for household investors to impact the price is to buy 100 share lots and route through IEX.
Keep in mind that should any of us decide to sell during the squeeze the opposite will be true.
If retail doesn’t route through IEX when they sell, the dark pools will group the orders together to make sure as many sell orders go through in lots of 100, driving the price down fast. If you want to sell and get rich, and keep the squeeze squeezing as long as possible, then route through IEX with lots smaller than 100. So these orders don’t get grouped together in a dark pool and they are too small to impact the price.
Unfortunately Computershare doesn’t have the option to route through IEX, so the only people who will be able to sell without impacting the price are apes who hold shares at brokers with the option to route through IEX.
Also read about the requirements for filing form 13H (large volume trades) https://www.investopedia.com/terms/l/largetrader.asp
I’ve seen form 13H mentioned on GME subs before but not the sell lots thing. Most GME subs don’t want to talk about selling, but I think there is a right way to do it when the time comes.
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If at a broker, route through IEX
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If at a broker, keep lots smaller than 100
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Sell from Computershare last (or not at all)
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Don’t sell from Computershare until the squeeze is “over the hump” and the price starts dropping again.
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Do not panic sell. They will turn the buy button off again. They will lie and scream and threaten and intimidate. The shit will hit the fan, but don’t give in. Every trade you make should be cold and calculated.
Doing it this way drags the squeeze out for the longest amount of time possible.
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If at a broker, keep lots smaller than 100
I’m not convinced that selling multiple shares is better than selling a single share for multiple times as much. My hope/goal is to keep 99.9% of my shares through MOASS. And 100% of my DRS’d shares.
Same, at this point I’ve put so much time into getting DRS’ed that I think I’ll be holding them for quite a long time. And I wouldn’t be surprised if the squeeze is a multi-year climb.
best practices for the squeeze
apes who hold shares at brokers
Best practice is to DRS –– brokers don’t hold shares –– they loan them out.
I’d like to second this.
