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- Friday - January 27, 2023
Friday - January 27, 2023
Mother Squeezer
January 27, 2023
Today's newsletter will take 2.37 minutes to read.
DRS UPDATE: 51.10*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Thursday recap
GameStop NFT update
Did you know?
Good Morning! This is Mother Squeezer, the newsletter that is ready to see what today brings and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.
Happy Birthday Mrs. Squeezer! Everyone, be sure to wish Malinda a happy birthday today!
Yesterday got pretty crazy! BBBY finally released their 10-Q around 2:30pm and the stock took a nosedive a few minutes later.
After hours, Bed Bath also announced that a new board member, Ms. Carol Flaton, had joined the team.
Interestingly, Ms. Flaton has ties with...Carl Icahn.
The most interesting thing we're watching for today is how being on Reg SHO for day 13 affects trading, from FINRA:
Excerpt from:
Thursday Recap: BBBY traded between a low of $2.10 and a high of $3.47 before closing at $2.52. Trading volume was 54.52 million shares.
Cost to borrow: There were 0 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has remained extremely elevated.
Pre market: Bed Bath and Beyond is trading up $0.05 to $2.57 an increase of 1.98% on over 1.7 million volume.
Max pain: The current max pain for BBBY has remained at $3.50.
Thursday Recap: GME traded between a low of $19.38 and a high of $21.17 before closing at $20.01. Trading volume was 3.51 million shares.
Cost to borrow: There were 2,300,000 shares available earlier this morning. Currently there are 95,000 remaining. The cost to borrow has remained around at 20.3%.
Pre market: GameStop is trading up $0.04 to $20.05 an increase of 0.20% on 15 thousand volume.
Max pain: The current max pain for GME has dropped to $20.00.
GameStopNFT tweeted:
Curious what an adventuring space cadet wears to dive 42,000 carrots 🥕beneath the sea? Collect Buck's outfits and find out! Here’s a video tutorial on changing Buck’s outfits in GameStopNFT's newest game, "Buckled In: A Bunny in Space." bit.ly/3HxuhSR
— GameStopNFT (@GameStopNFT)
10:00 PM • Jan 26, 2023
Buckled in...buckle up. Buck is back.
Did you know?
Larry Cheng is back!
For those of you who forgot, Larry Cheng was the first investor in Ryan Cohen and Chewy. He's still with Volition Capital and sits on the board of Dragonfly Commerce.
Spread the Word
We love Ryan Cohen and think he's the greatest Activist Investor of our generation. We are passionate followers of his moves and words and would love for others to know more about this great leader. We feel strongly that life is all about learning who to follow. If you have someone that needs more RC in their life, share Mother Squeezer with them!
Some of our Favorite Resources
BBBY: Ben - Mr. Business
GME: Richard Newton
For errors, omissions or if you have something to share? Let us know!
Financial Disclaimer: None of this is meant to be financial advice. We love Ryan Cohen, RC Ventures, GameStop and Bed Bath and Beyond, and like learning and sharing these insights and commentary.
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