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- Monday - September 19, 2022
Monday - September 19, 2022
Today's newsletter will take 4.73 minutes to read.
DRS UPDATE: 53.94*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Monday recap
GameStop NFT update
Did you know?
Patience and Time
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that practices patience with you by bringing 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.
Welcome to another full week of trading. Things have been pretty quiet regarding GME and that's ok. BBBY had a lot of FTDs that needed covering last week, and this week, there's a whole lot more. We're excited to see how the week unfolds.
While we wait on things to unfold, we choose to be productive. We'll be taking our vehicle in for service this week which brings us to today's clever life hack. In need of new tires? Grab a Sharpie and try this for better traction.
Did you hear what happened to the Guns N' Roses tour bus when it got a flat tire and had to be jacked up for repair? Its axle rose. /joke
Monday Recap: BBBY traded between a low of $8.01 and a high of $8.74 before closing at $8.02. Trading volume was 15.58 million shares.
Cost to borrow: There were 1,700,000 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has dropped a tad to 13.2%.
Pre market: Bed Bath and Beyond is trading down $0.15 to $7.87 a decrease of 1.87% on over 280 thousand volume.
Max pain: The current max pain for BBBY has dropped to $9.00.
Monday Recap: GME traded between a low of $27.78 and a high of $28.80 before closing at $28.64. Trading volume was 4.65 million shares.
Cost to borrow: There were 300,000 shares available earlier this morning. Currently there are 40,000 remaining. The cost to borrow has remained steady at 10%.
Pre market: GameStop is trading down $0.55 to $28.09 a decrease of 1.92% on 40 thousand volume.
Max pain: The current max pain for GME has dropped to $29.00.
GameStopNFT tweeted:
Pros, we have a special offer coming your way in collaboration with @GodsUnchained! Make sure to sign-up to PowerUp Rewards before SEPT 27 to get access to Gods Unchained card packs! #onlyonImmutable
— GameStopNFT (@GameStopNFT)
7:11 PM • Sep 16, 2022
Now this is exciting, GameStop is offering exclusive access to PowerUp Rewards members!
Did you know?
Axl’s vocal range was scientifically studied and proven to be the highest range of all popular vocalists, no matter what genre. Axl’s pipes even busted out Mariah Carey, Christina Aguilera and Prince’s!
Patience and Time
This graphic really puts things into perspective.
Because the "bad guys" have backed themselves into a corner with no way out, we just have wait for things to unfold. Because of the shenanigans they've been able to get away with, it's believed that there are more shares needed to be obtained to close out positions than there are in existence.
The system is not supposed to work this way. But we'll use it to our advantage. The most difficult thing at this point is...waiting. Price is not the most important metric as we've gone over several times in the past, the price is wrong.
We use these dips as opportunities to accumulate more and rest easily as we wait for things to unfold. Get ready for another week and enjoy this journey!
Ryan Says
Ryan tweeted this back in July:
He's done it again. At this point, we're just unsure what it is!
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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