Thursday - March 30, 2023

Today's newsletter will take 2.73 minutes to read.

DRS UPDATE: 54.45%* (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Wednesday recap

• GameStop NFT update

• Did you know?

• Low Volume and Previous Observations

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

We seem to have entered a bit of a lull. The trading range of BBBY really tightened up yesterday, spanning only $0.02 from high to low. Trading volume barely broke 12 million which is about 1/5 of the volume we were seeing just weeks earlier.

So what's next? It's anyone's guess really. "William", the respected trader with over 30 years experience in the markets, shared on ThePPShow last night that he thinks we're heading down towards the $0.72 area. "ABC" and "U-Copy" and others think we're heading upwards.

As for us, we have no idea what to expect. However, we're looking forward to next week to see if we get some April showers:

Unconfirmed Reports: There are unconfirmed reports that the "pump and dump" lawsuit filed against BBBY and Ryan Cohen has been "dismissed with prejudice" as reported by "Pete the Pilot" last night on ThePPShow. We'll bring you updates as they become available.

Wednesday Recap: BBBY traded between a low of $0.79 and a high of $0.81 before closing at $0.80. Trading volume was 12.14 million shares.

Cost to borrow: There were 1,700,000 shares available to borrow this morning and as of now, 200,000 remain. The cost to borrow has remained extremely elevated at 87.3%. 

Pre market: Bed Bath and Beyond is trading up $0.01 to $0.81 an increase of 0.78% on over 565,000 thousand volume.

Max pain: The current max pain for BBBY has remained at $1.00.

Wednesday Recap: GME traded between a low of $22.22 and a high of $23.70 before closing at $22.46. Trading volume was 4.16 million shares.

Cost to borrow: There were 2,400,000 shares available earlier this morning. Currently there are 10,000 remaining. The cost to borrow has remained elevated at 15.1%.

Pre market: GameStop is trading up $0.24 to $22.70 an increase of 1.07% on around 22 thousand volume.

Max pain: The current max pain for GME has remained at $23.00.

GameStopNFT tweeted:

For those of you who missed it, yesterday's update was introducing GMERICA V2

Did you know?

Bed Bath & Beyond has made another change in its upper management, naming former board member John Fleming as interim brand president of its flagship nameplate, succeeding Mara Sirhal, who is leaving the company.

According to a memo sent to vendors by company CEO Sue Gove on Tuesday, March 28, the change is effective next Monday April 3.

Low Volume and Previous Observations

One of our favorite contributors, u/Region-Formal dropped this post this morning observing low volume concentrations at the end and beginning of previous months:

See the full post with comments here: 

https://www.reddit.com/r/BBBY/comments/126jhtm/low_trading_volume_concentrations_at_the/

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.