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Thirsty Tiger

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Thirsty Tiger

Re: sirocco2 post# 11118

Monday, 02/02/2009 7:20:10 PM

Monday, February 02, 2009 7:20:10 PM

Post# of 27745
Sirocco. Since the advent of computing only very few holders actually hold certificates. Even your broker doesn't hold physical certificates. your broker holds your shares in what is called "street name".

your brokerage holds your stock for you in "book-entry" form. "Book-entry" simply means that you do not receive a certificate. Instead, your broker keeps a record in its books that you own that particular stock.

To get your physical certificate, which usually is a very stupid idea, you'll have to pay for the service of having them issued and sent to you.

50 years ago, people actually held their certificates.



"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa

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