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- Thursday - March 23, 2023
Thursday - March 23, 2023
Mother Squeezer
March 23, 2023
Today's newsletter will take 2.27 minutes to read.
DRS UPDATE: 61.08%* (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Wednesday recap
GameStop NFT update
Did you know?
How the Squeeze Will Go Down
Good Morning! This is Mother Squeezer, the newsletter that feels like the end is near and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.
Bed Bath & Beyond dropped another 8K early this morning. Here are a couple of the highlights:
More and more dots are getting connected...
The ties between GameStop and Bed Bath & Beyond haven't gone away. GameStop previously mentioned that they were looking to do an acquisition and Bed Bath & Beyond is looking very attractive in some form or fashion, especially the buybuy Baby brand.
This play has been a long time in the making. With the reverse split coming up on March 27 and the stock price waiver to end on April 3, it certainly does feel like...
Wednesday Recap: BBBY traded between a low of $0.80 and a high of $0.89 before closing at $0.80. Trading volume was 46.88 million shares.
Cost to borrow: There were 1,500,000 shares available to borrow this morning and as of now, 200,000 remain. The cost to borrow has remained extremely elevated at 112.9%.
Pre market: Bed Bath and Beyond is trading up $0.06 to $0.86 an increase of 7.83% on over 5.1 million volume.
Max pain: The current max pain for BBBY has remained at $1.00.
Wednesday Recap: GME traded between a low of $23.05 and a high of $27.00 before closing at $23.87. Trading volume was 66.77 million shares.
Cost to borrow: There were 500,000 shares available earlier this morning. Currently there are 0 remaining. The cost to borrow has climbed to 32.3%.
Pre market: GameStop is trading down $0.83 to $23.04 a decrease of 3.48% on around 245 thousand volume.
Max pain: The current max pain for GME has dropped to $17.50.
GameStopNFT tweeted:
Do you love a good mobile RPG packed with fantasy and action? Make sure you check out @GuildOfGuardian ⚔️ 🏹
Grab your GoG pets on @GameStopNFT Marketplace now!
— GameStopNFT (@GameStopNFT)
Mar 22, 2023
We wonder if it tastes like chicken...
Did you know?
Egg color is determined by genetics. A hen’s breed indicates what color egg she will produce.
For example, Leghorn chickens lay white eggs while Orpington’s lay brown eggs and Ameraucana chickens produce blue eggs. Typically a chicken’s egg color can be determined by its earlobe color.
How the Squeeze Will Go Down
Twitter user "Shill Whisperer" shares how he thinks the squeeze will go down - and we agree, this seems plausible. Click below to have a read:
Here’s how the $BBBY squeeze goes down:
- HBC has converted, but not yet released their shares onto the market.
- HBC takes advantage of rights through common share warrants to vote “YES” on RS.
- After vote, HBC releases shares onto market increasing TSO and dtcc value.
— Shill Whisperer v2 (@voxelsets)
Mar 22, 2023
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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
BBBY: ThePPShow
GME: Richard Newton
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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