Making free money via Reverse Stock Splits (Guide)

Reign X

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Would do this if I wasn't in Canada and have to pay commissions on buys/sells on most platforms.
 

Playeroni

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@Xyrax
Question breh. Places like Fidelity and TradeStation not letting me buy a single share of the DPSM. Just looking for a little advice not sure what I’m doing wrong. Thanks
 

Xyrax

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@Xyrax
Question breh. Places like Fidelity and TradeStation not letting me buy a single share of the DPSM. Just looking for a little advice not sure what I’m doing wrong. Thanks


That's strange it should work on Fidelity, it worked for me:

eINtKGV.png


But the ones marked OTC are limited to the few brokers that allow OTC orders. Many like Robinhood don't. What error were you getting? We should be able to figure out the problem before tomorrow. Make sure you use a limit order and type in the amount manually.
 

Playeroni

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That's strange it should work on Fidelity, it worked for me:

eINtKGV.png


But the ones marked OTC are limited to the few brokers that allow OTC orders. Many like Robinhood don't. What error were you getting? We should be able to figure out the problem before tomorrow. Make sure you use a limit order and type in the amount manually.
I figured it out on Fidelity, about to try on TradeStation. Appreciate you breh. If it wasn’t for this thread I wouldn’t have found $500 sitting in a Fidelity account I have no memory of opening. Good looks:salute:

edit- figures it out on TradeStation but they say you can’t buy after 4. I’ll just catch the next one.
 
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Would do this if I wasn't in Canada and have to pay commissions on buys/sells on most platforms.


Same here. I was trying to see if we ogt any free brokerages here...cause all the banks monopolize the shyt. Trying to see what the rules are in canada with regards to limiting how much you can buy before a reverse split.
 

Reign X

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Same here. I was trying to see if we ogt any free brokerages here...cause all the banks monopolize the shyt. Trying to see what the rules are in canada with regards to limiting how much you can buy before a reverse split.

wealthsimple is free but doesn’t have a lot of stocks that would be doing this process. questrade is next cheapest I know of at $5, but buy and sell =$10 and there goes your profit.
 
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wealthsimple is free but doesn’t have a lot of stocks that would be doing this process. questrade is next cheapest I know of at $5, but buy and sell =$10 and there goes your profit.
Yea the only one that popped to mind was wealthsimple, i didn't think they would be that restrictive with their stock selection though.
 

Xyrax

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So yall just purchase one share ...why not multiple shares for the flip price...


Just asking and trying to understand

In most cases its not worthwhile to buy more because of the way they round up. Its rarely profitable to buy more, but when it is the Twitter lets you know how many to buy. But its unfortunately not an infinite flip. Buying more than 1 in most cases decreases your profit after the transition.
 
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