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- Friday - September 23, 2022
Friday - September 23, 2022
Today's newsletter will take 2.67 minutes to read.
DRS UPDATE: 54.03*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Thursday recap
GameStop NFT update
Did you know?
Nothing Has Changed
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that bleeds with you and brings you clever life hacks, updates and insights, along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.
Rates go up, the markets go down, and this week, a rate hike was announced...
A lot of people cry when slicing onions. The key is to not form an emotional bond. joke
This morning's clever life hack is sure to keep you tear free while cutting onions.
We call that scattered and smothered in the South.
Thursday Recap: BBBY traded between a low of $6.76 and a high of $7.29 before closing at $7.09. Trading volume was 9.05 million shares.
Cost to borrow: There were 400,000 shares available to borrow this morning and as of now, 250,000 remain. The cost to borrow has remained at 13.0%.
Pre market: Bed Bath and Beyond is trading down $0.27 to $6.82 a decrease of 3.81% on over 140 thousand volume.
Max pain: The current max pain for BBBY has dropped to $8.00.
Thursday Recap: GME traded between a low of $24.38 and a high of $27.27 before closing at $24.70. Trading volume was 4.34 million shares.
Cost to borrow: There were 550,000 shares available earlier this morning. Currently there are 550,000 remaining. The cost to borrow has remained steady at 10.0%.
Pre market: GameStop is trading down $0.55 to $24.15 a decrease of 2.23% on 40 thousand volume.
Max pain: The current max pain for GME has dropped to $27.00.
GameStopNFT tweeted:
Hop on over to @MRubinkowski Metabunny collection at GameStop NFT
nft.gamestop.com/collection/Met…
— GameStopNFT (@GameStopNFT)
2:46 PM • Sep 22, 2022
We dig the Metabunny collection (pun intended)!
Did you know?
Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets." Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon.
Nothing Has Changed
Sometimes you can start doubting your positions when you're upside down. We just want to remind you that nothing has changed. We're just waiting on things to unfold.
Also, as a reminder, there is no ceiling when a stock get's short squeezed. As ugly as things have been looking lately, they can change quickly. All of this downward movement is occurring on low volume. This can mean that the next catalyst brings in much higher volume sending our stocks soaring!
Ryan Says
Ryan tweeted this almost a year ago:
Florida ☀️👍
— Ryan Cohen (@ryancohen)
3:45 AM • Oct 11, 2021
He looks like he means business! We believe he has set things in motion and that one day all of these clues will become obvious. Until then, it's fun to speculate what he's telling us!
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
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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