Monday - March 20, 2023

Today's newsletter will take 2.73 minutes to read.

DRS UPDATE: 60.83%* (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Friday recap

• GameStop NFT update

• Did you know?

• "This is the Most Complex Play I've Ever Seen"

Good Morning! This is Mother Squeezer, the newsletter that feels our spidey-senses tingling and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Wow - Friday after market close brought us some BIG updates! Bed Bath & Beyond has proposed a reverse stock split and will hold a special meeting next Monday to vote on it.

A reverse stock split is typically not a good thing, however, in the case with this stock, things are rarely as they initially appear.

Check out the recent outcome of this reverse split with Cosmos Health (COSM):

COSM did a reverse split which forced naked short sellers to close. The price went from $0.33 per share to $23.01...almost a 7,000% increase in price! If our speculation indeed turns out to be true, there could be much more short interest against BBBY than there was for COSM.

That's a split we can all get behind!

Brace yourself for the potential of upcoming craziness over the coming weeks!

Friday Recap: BBBY traded between a low of $1.02 and a high of $1.09 before closing at $1.03. Trading volume was 59.02 million shares.

Cost to borrow: There were 650,000 shares available to borrow this morning and as of now, 150,000 remain. The cost to borrow has remained extremely elevated at 115.6%. 

Pre market: Bed Bath and Beyond is trading down $0.14 to $0.89 a decrease of 13.69% on over 2.7 million volume.

Max pain: The current max pain for BBBY has dropped to $1.00.

Friday Recap: GME traded between a low of $15.92 and a high of $16.72 before closing at $16.60. Trading volume was 5.11 million shares.

Cost to borrow: There were 60,000 shares available earlier this morning. Currently there are 0 remaining. The cost to borrow has climbed to 16.1%.

Pre market: GameStop is trading down $0.03 to $16.57 a decrease of 0.18% on around 32 thousand volume.

Max pain: The current max pain for GME has dropped to $18.00.

GameStopNFT tweeted:

Well, did you?

Did you know?

Spider-Man wasn’t actually going to be a spider-based superhero. Initially, Stan Lee wanted to base a comic on a fly or insect but decided on a spider.

This is the Most Complex Play I've Ever Seen

"William" a frequent guest on ThePPShow is a trader and investor with over 30 years of experience in the markets. He trades both directions, sometimes shorting and sometimes going long on stocks. He is arguably one of the most knowledgable guests when it comes to market behavior and reading between the lines.

He has said many times through this saga that "this (bbby) is the most complex play I've ever seen". What did he do on Friday after the announcement? He bought 10,000 more shares.

Although once again, the media is spinning a reverse split and looming dillution as an extreme negative, which, in fairness, it usually is, in this case, we see some potential bullish outcomes on the horizon.

u/ByeByeShorters did a nice write-up explaining how they see things. We'll summarize it here:

• Invest in People

• This company was saved from bankruptcy

• Everything is the end, until it isn't

• Dillution

• The biggest bear trap you have ever seen in the history of the stock market

It's a really good read and we encourage you to view it in its entirety:

https://www.reddit.com/r/ThePPShow/comments/11v9pvq/long_time_lurker_first_time_poster/

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

Start Here

BBBY: ThePPShow

GME: Richard Newton

Computershared.net

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.