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- Thursday - October 13, 2022
Thursday - October 13, 2022
Today's newsletter will take 2.47 minutes to read.
DRS UPDATE: 55.63*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Wednesday recap
GameStop NFT update
Did you know?
It's Not About Price
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that keeps you juiced by 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.
It was a bittersweet day yesterday. We'll start with the sweet - both GME and BBBY closed up for the trading day! Now for the bitter - our friend got fired from his job at the orange juice factory. He couldn’t concentrate. /joke
We came across this one and had our minds blown! Remember today's clever life hack the next time you're enjoying a boxed drink:
Why do you never hear jokes about drinking straws? Because they all suck!
Wednesday Recap: BBBY traded between a low of $4.93 and a high of $5.44 before closing at $5.28 Trading volume was 8.87 million shares.
Cost to borrow: There were 700,000 shares available to borrow this morning and as of now, 200,000 remain. The cost to borrow has dropped to 9.9%.
Pre market: Bed Bath and Beyond is trading down $0.24 to $5.04 a decrease of 4.55% on over 100 thousand volume.
Max pain: The current max pain for BBBY has remained at $6.00.
Wednesday Recap: GME traded between a low of $25.27 and a high of $26.89 before closing at $25.36. Trading volume was 3.27 million shares.
Cost to borrow: There were 250,000 shares available earlier this morning. Currently there are 200,000 remaining. The cost to borrow has remained steady at 9.6%.
Pre market: GameStop is trading down $0.57 to $24.79 a decrease of 2.25% on over 45 thousand volume.
Max pain: The current max pain for GME has remained at $25.50.
GameStopNFT tweeted:
Valka, @GodsUnchained Champion of War
@Immutable Wednesdays
— GameStopNFT (@GameStopNFT)
10:46 PM • Oct 12, 2022
Three names to remember: GameStopNFT, Immutable and Gods Unchained.
Did you know?
A rare vintage of non-alcoholic French wine has been named the world’s most expensive fruit juice after a bottle sold for a staggering $3,250. The beverage was sold during an auction at Christie’s in 2019 by an anonymous online buyer.
It's Not About the Price
We know that sounds counterintuitive, but hear us out.
Buying into GME and BBBY is not about getting the best price. It's about having exposure. If you've bought in at a higher than current trading price, just let things play out. If you're able, at these prices you can bring your cost basis down by buying more.
We don't know when this thing is going to pop off. It could be today! We have to be ready and feel like we've done all we can on this side of things.
The January 2023 call options keep climbing for BBBY. This has us excited! Often times, stock options precede price action. We're around 100 days away from the $80 call option expiry. These next 100 days could be very exciting!
Ryan Says
Ryan tweeted this Tuesday evening:
I think my tweets are being suppressed
— Ryan Cohen (@ryancohen)
1:01 AM • Oct 12, 2022
A lot of people think he's talking about a few stocks with this tweet...time will tell 💥.
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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