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- Thursday - November 3, 2022
Thursday - November 3, 2022
Mother Squeezer
November 03, 2022
Today's newsletter will take 2.63 minutes to read.
DRS UPDATE: 57.22*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Wednesday recap
GameStop NFT update
Did you know?
The Latest on the BBBY Bonds
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that rides the waves with you and brings 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.
November 15th can't come soon enough! That's when the final deadline to tender notes to the offer will be. If accepted, BBBY will be in a much better position both short term and long. We expect them to give us an update on the 18th.
If they raise the interest rates one more time...You're going to see Janet Yell-en. /joke
With rates going up, along with it goes prices on - most everything else. At times you may feel powerless but, by being proactive you can trim costs around the house. Try today's clever life hack to instantly take the power back:
They're energetic and positive, but also have a negative side!
Wednesday Recap: BBBY traded between a low of $4.02 and a high of $4.42 before closing at $4.04. Trading volume was 12.01 million shares.
Cost to borrow: There were 750,000 shares available to borrow this morning and as of now, 400,000 remain. The cost to borrow has dipped to 7.3%.
Pre market: Bed Bath and Beyond is trading up $0.01 to $4.05 an increase of 0.25% on over 150 thousand volume.
Max pain: The current max pain for BBBY has remained at $5.00.
Wednesday Recap: GME traded between a low of $26.50 and a high of $28.75 before closing at $26.62. Trading volume was 4.13 million shares.
Cost to borrow: There were 350,000 shares available earlier this morning. Currently there are 50,000 remaining. The cost to borrow has dipped to 9.0%.
Pre market: GameStop is trading down $0.56 to $26.06 a decrease of 2.10% on 55 thousand volume.
Max pain: The current max pain for GME has stayed at $27.50.
GameStopNFT tweeted:
To celebrate the launch of ImmutableX on @GameStopNFT, we will be running a limited time promotion on ImmutableX NFT fees on our marketplace -- only 0.1% seller fee on orders listed through GameStop NFT, and 0.1% buyer fee on orders purchased through GameStop NFT!
— GameStopNFT (@GameStopNFT)
9:00 PM • Nov 1, 2022
ImmutableX and GameStopNFT are names you'll be hearing a lot of if you follow web3.
Did you know?
It would take approximately a 225,000 lb. potato or around 360,000 average size potatoes to jump start your car battery.
The Latest on the BBBY Bonds
After the market close, Bloomberg Law released an article pertaining to the BBBY bonds and how some of the holders were responding. There's a paywall in order to read the article but our buddy BiggySmallzzz summarized it for us:
Ryan Says
Ryan tweeted this a long time ago:
Yes, he's telling us there's a chance!
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
BBBY: Ben - Mr. Business
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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