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- Friday - September 30, 2022
Friday - September 30, 2022
Mother Squeezer
September 30, 2022
Today's newsletter will take 2.87 minutes to read.
DRS UPDATE: 54.50*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Thursday recap
GameStop NFT update
Did you know?
Can You Sense the Optimism?
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that won't get shaken out 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.
It's been a rough month in the stock market. The weak hands have been shaken out and the strong ones are questioning their holding ability. The Dow Jones Industrial average has fallen right at 10% over the past 30 days and it doesn't look like we're out of the woods yet.
Did you hear about the bear that walked into a Chase bank, pointed a long, thin piece of wood at the ceiling and shouted… “This is a stick up!” /joke
It's Friday which means a much needed weekend to hang out at home and relax. Speaking of hanging, if you need to type a paper and don't have a document holder, try today's clever life hack:
Also, consider keeping one in your car in case you lock your keys in!
Thursday Recap: BBBY traded between a low of $5.82 and a high of $6.57 before closing at $6.19. Trading volume was 14.18 million shares.
Cost to borrow: There were 1,100,000 shares available to borrow this morning and as of now, 900,000 remain. The cost to borrow has inched down to 12.4%.
Pre market: Bed Bath and Beyond is trading down $0.05 to $6.14 a decrease of 1.62% on over 100 thousand volume.
Max pain: The current max pain for BBBY has dropped to $7.00.
Thursday Recap: GME traded between a low of $24.69 and a high of $27.69 before closing at $25.46. Trading volume was 4.11 million shares.
Cost to borrow: There were 400,000 shares available earlier this morning. Currently there are 400,000 remaining. The cost to borrow has remained steady at 10.0%.
Pre market: GameStop is trading down $0.36 to $25.10 a decrease of 1.41% on 15 thousand volume.
Max pain: The current max pain for GME has remained at $26.00.
GameStopNFT tweeted:
All our PowerUp Rewards Pros as of September 27th can redeem some epic NFT card packs from Gods Unchained! Here's a video showing you how to redeem your NFTs. Qualifying Pros who haven't received their emails & have opted into marketing emails, expect your email in the next week! http
— GameStopNFT (@GameStopNFT)
9:20 PM • Sep 29, 2022
More PowerUp perks! The GameStop PowerUp membership makes a great gift too!
Did you know?
The coat hanger was invented in 1860 by O.A. North, who fashioned a space-saving clothing hook. The original hanger that North created consisted of a piece of wire that had two narrow ovals joined together in the middle with a twist, and a hook for the rack above it.
Can You Sense the Optimism?
On yesterday's earnings call, you could hear the confidence in the voices of those who presented. Sue Gove (Interim CEO) seemed to have a touch of excitement along with confidence as she delivered updates today. Laura Crossen (Interim CFO) and Patty Wu (EVP) also chimed in with a bit of pep in their tones.
The sentiment on Reddit was positive as well. u/MarkTib1109 shared this yesterday:
We're not sure how long they can keep the price down but at these levels we'll take it as an opportunity to continue accumulating. One thing is for certain, bankruptcy is off the table yet the price is trading as if it's not.
We're looking to have a good Christmas this year and we'll need Bed Bath and Beyond to help bring in some holiday cheer!
Ryan Says
Ryan tweeted this back in February:
Who will be the piñata for all this inflation? 🤨
— Ryan Cohen (@ryancohen)
3:02 AM • Feb 10, 2022
We think it'll be the hedge funds and firms who abusively shorted our stocks.
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!
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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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