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- Thursday - August 25, 2022
Thursday - August 25, 2022
Today's newsletter will take 3.27 minutes to read.
DRS UPDATE: 49.705*% (estimated percent of GME shares direct registered)
*source: Computershared.net
Today we have:
Wednesday recap
GameStop NFT update
Did you know?
The Waiting Game
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that is waiting with you for incredible things to play out and also 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.
So many times in life we find ourselves in a hurry. With GameStop and Bed Bath and Beyond, we find ourselves waiting.
We're waiting on things to unfold. We don't have all the answers at this point so our trust becomes tested. While we're talking about waiting, a man walks into a bar and there is a line of people waiting to punch him. That's the punch line. /joke
Seriously, while we wait, we always like to feel productive. Besides learning a new language (German Shepherd), cardio (running late) and lifting (12oz at a time), we also like to be tidy.
This morning's life hack will keep your car looking fresh and clean:
Related: How do you get a chicken to read your newsletter? Cluckbait.
Wednesday Recap: After the news that broke last night, we got off to a strong start this morning. It seems there was a lot of off exchange activity to keep us trading in such a tight range. We hit our session high of $11.97 early before bottoming out at $9.73. We closed at $10.36 on higher than average volume.
Cost to borrow: There were 550,000 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has risen to 18.8%.
Pre market: Bed Bath and Beyond is trading down $0.17 to $10.19 a decrease of 1.64% on over 1 million volume.
Max pain: The current max pain for BBBY has remained at $12.
Wednesday Recap: GameStop shot up higher at open, topping out at $34.94 before retreating to its day low of $32.44. It finished the day at $32.50 on lower than average volume.
Cost to borrow: There were 350,000 shares available earlier this morning. Currently there are 250,000 remaining. The cost to borrow has dropped to 13.5%.
Pre market: GameStop is trading up $0.36 to $32.86 an increase of 1.11% on 40 thousand volume.
Max pain: The current max pain for GME has dropped to $35.
Yesterday, GameStopNFT tweeted about 0xJake_:
In the Mooniverse, you get to write your own story! Check out @0xJake_ for more Moon22 at GameStop NFT
— GameStopNFT (@GameStopNFT)
7:26 PM • Aug 24, 2022
We're still dipping our toes in the metaverse (or mooniverse) so bear with us.
Did you know?
There are many benefits to waiting. While we find ourselves waiting, here are some benefits from the practice:
Priorities become clear
Develop perseverance
Productive habits
Understanding yourself
Rest & regroup
Patience
Resourcefulness
Tolerance and empathy
Capacity
Gratitude
Read this article for more context.
The Waiting Game
While we're waiting for things to unfold, it's understandable that you may find yourself uncomfortable or anxious. You may have bought GameStop or Bed Bath and Beyond at a higher price than it's trading at now.
You may have expected things to happen by now. You may start second guessing your decision to invest because of what you see in headlines or on CNBC (I'm talking to you Dad).
We believe opportunities like what GameStop and Bed Bath and Beyond don't come around often. We feel like it's important to have exposure and not be concerned about price. This is because if they do what we think, it's going to be too late if you mistimed the market.
We can't help but think if we sold prematurely, we'd be kicking ourselves for doing so. Everyone needs to be at peace and make decisions that will let them sleep. We feel strongly about this which is why we eat, sleep (sometimes) and breathe it.
We stay glued to Reddit, Twitter and Webull, monitoring the chatter, doing research and speaking with our close confidants. We summarize our thoughts and findings and share them with you.
It may not be easy, but we feel it'll be worth it.
Cheers to those of you who have the patience to let things play out.
Ryan Says
He's back! Yesterday, Ryan tweeted this:
GameStop store leaders ❤️
— Ryan Cohen (@ryancohen)
10:06 PM • Aug 24, 2022
Ryan tweets about GameStop and uses a red heart. Interesting, this adds a little more validity to the "purple heart" theory about GameStop ❤️ + buybuy Baby 💙 = 💜.
We believe Ryan Cohen is becoming this generation's premier activist investor. That's why we created this newsletter - to help others become aware.
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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