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- Friday - March 10, 2023
Friday - March 10, 2023
Mother Squeezer
March 10, 2023
Today's newsletter will take 2.31 minutes to read.
DRS UPDATE: 60.06%* (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Thursday recap
Did you know?
Latest BBBY Short Interest Report
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that welcomes you to a new year and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.
Another day, another drop. That makes 21 out of 27 negative days since February began. Why does this keep happening? See the latest short interest report segment below to find out.
Thursday Recap: BBBY traded between a low of $1.23 and a high of $1.37 before closing at $1.23. Trading volume was 55.99 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 elevated at 118.6%.
Pre market: Bed Bath and Beyond is trading up $0.01 to $1.24 an increase of 0.69% on over 1.7 million volume.
Max pain: The current max pain for BBBY has remained at $1.50.
Thursday Recap: GME traded between a low of $17.48 and a high of $18.38 before closing at $17.52. Trading volume was 2.65 million shares.
Cost to borrow: There were 100,000 shares available earlier this morning. Currently there are 100,000 remaining. The cost to borrow has remained steady at 9.3%.
Pre market: GameStop is trading up $0.45 to $17.97 an increase of 2.57% on around 26 thousand volume.
Max pain: The current max pain for GME has remained at $19.00.
Did you know?
In December 2012, desperately needing money to expand Chewy, his year-old pet-supply startup, Ryan Cohen traveled from Fort Lauderdale to Palo Alto and walked into a half-dozen venture capital firms on Sand Hill Road unannounced.
He didn’t get past the receptionists.
The Latest BBBY Short Interest Report
Wow.
That's the first word that comes to mind. The short sellers continue to drive the price down by shorting and naked shorting the stock.
new reported short interest today on $bbby now shows 82.5m shares sold short. there are 65m shares in the available free float.
my math says the free float is 127% short @GrumpyBulldogge
— David Simpson 🏴☠️🐗 (@pirateportfo)
Mar 9, 2023
The prior short interest report showed 57.27% of the float shorted. Now it is almost 73%!
This price suppression is not sustainable. At any moment, with the right catalyst, the stock could erupt. A merger/acquisition/takeover could be just the catalyst we need.
We know it can be painful to watch your portfolio diminish in value, but these are not linear plays. If this thing pops off like GME did back in 2021, you're going to need to invest in a good space suit.
Link:
Ryan Says
Ryan tweeted this yesterday evening:
Does this mean I don't have to pay back Silicon Valley Bank?
— Ryan Cohen (@ryancohen)
Mar 10, 2023
That makes 2 days in a row...it may not be the message but the frequency!
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: ThePPShow
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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