Thursday - August 11, 2022

Today's newsletter will take 3.67 minutes to read.

DRS UPDATE: 51.861*% (estimated percent of shares direct registered) 

*source: Computershared.net

We have a flurry of new readers this morning. We wanted to give a special welcome to a few of you: Bethany S., Brad P., Dan H., Derek F. and Pat C. - it's nice having you with us this morning! For any of you new to Mother Squeezer, check out our previous editions for more insights and additional context (ie- DRS, max pain, borrowable shares, cost to borrow, etc.) by viewing our archives at mothersqueezer.com. If you haven't yet read our in depth article on GameStop, it can be found here.

Yesterday's trading session reminded us of what it must feel like falling down stairs in Australia (wait - is that falling up the stairs?). The volatility in the market got our blood pumping. As a matter of fact, when this happens, did you know you can actually listen to the blood in your veins?

You just have to listen varicosely. /joke

All the excitement that this movement brings produces a lot of energy. We haven't slept a whole lot this week so be easy on us.

Good Morning! This is Mother Squeezer, the quirky newsletter bringing you clever life hacks, updates and insights along with pertinent information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Brew it, pour it, sip it. We'll stop there.

Today's clever life hack:

Ok, that one was good!

We have a couple more trading days this week with options expiring each and every Friday. Max pain for GameStop is currently $40 and $9 for Bed Bath and Beyond. Will max pain work its magnetic force and pull the stocks back in that direction?

BBBY started the morning up, but was taken down twice throughout the trading day, but still managed to close positively. It closed the day at $10.51 after bottoming out at $8.88. Before the first drop, it peaked out at $10.63 on higher than average volume. It ended the day exchanging over 51 million shares. This has brought our average volume up to just shy of 36 million.

There were 250,000 shares at its peak to borrow, and 90,000 as of now. The cost to borrow has jumped up significantly this morning, currently at 8.95%. We're keeping a close eye on this.

GameStop closed up .40% ending Wednesday at $40.53. We traded on surprisingly low volume, trading below the average trading volume for the first time week. There were just over 5.3 million shares exchanged, coming in below our average trading volume of 6.42 million shares.

Earlier this morning there was 400,000 shares available to borrow, but it looks like 330,000 were indeed borrowed. Yesterday we ended the trading day with 300,000 available. The cost to borrow dropped slightly again, currently at 28.0%. This morning, we're starting out with 400,000 available. We continue to monitor to see if these shares get borrowed and are used to bring the price down!

One quick update with GameStopNFT:

GameStop has announced Worldwide Webb, a play-to-own social Metaverse, is coming soon to the GameStop NFT Marketplace.

Worldwide Webb states, "This is a crucial step towards building a truly interoperable metaverse for all players."

Did you know?

At the age of 15, Ryan Cohen started his first business. He collected fees off of referrals to various websites. He's pretty much always been an enterprising kind of fellow.

Readers Write

PT from Lawrenceville, Georgia (no, not you TP) asks: What exactly is an activist investor?

Excellent question. Let's head over to our trusted friend, Investopedia for a concise explanation:

Sound like anyone we know? Ryan Cohen saw opportunities with both GameStop and Bed Bath and Beyond to invest a significant amount into these companies, and begin to influence the direction in which they continued. With each, he placed board members and with GameStop he was voted in as the Executive Chairman.

Ryan has stated that one of his financial influences is Carl Icahn. In case you’re not familiar with Carl Icahn, he was one of the most successful investors in the 70’s-00’s. Later into his career, he became a shareholder activist. Investors followed his lead and bought into the businesses he set his focus upon. The increase in stock price caused by the anticipation that Icahn would uncover shareholder value became known as the "Icahn lift".

We believe Ryan Cohen is becoming this generation's premier activist investor. That's why we created this newsletter. To help others become aware.

Pre Market

GameStop is trading down about $0.16 to $40.37, a decrease of about 0.39% and Bed Bath and Beyond is starting out slightly higher, trading up $0.04 to $10.55, up around 0.38% in pre market.

Ryan Says

Ryan fired off a few tweets last night:

Since Ryan is a billionaire and has quite a sense of humor, we believe he is being sarcastic talking about how inflation is being handled.

The purple heart, is that a sign? Ryan communicates very cryptically.

Have a great Thursday and we'll be back in your inbox tomorrow morning so have the coffee ready!

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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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.