Thursday - October 27, 2022

Today's newsletter will take 2.93 minutes to read.

DRS UPDATE: 56.68*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Wednesday recap

• GameStop NFT update

• Did you know?

• Off Exchange Volume

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that likes to trade lit 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.

Bed Bath and Beyond had another day of high volume trading, but after a strong start, we closed down for the day. We'll address one of the reasons that happened down below.

After that we may need to brush our teeth again. We just realized our new electric toothbrush is not waterproof. We were shocked. /joke

Sometimes we're in such a hurry we don't always brush our teeth before we leave in the morning. Today's clever life hack will help keep you fresh in the smacker for much of the day:

Dentists make a living from people with bad teeth. Why would you use a toothpaste that 9/10 dentist recommend?

Wednesday Recap: BBBY traded between a low of $4.86 and a high of $5.73 before closing at $5.00. Trading volume was 27.05 million shares.

Cost to borrow: There were 90,000 shares available to borrow this morning and as of now, 90,000 remain. The cost to borrow has dropped to 8.5%.

Pre market: Bed Bath and Beyond is trading up $0.21 to $5.21 an increase of 4.20% on over 220 thousand volume.

Max pain: The current max pain for BBBY has remained at $5.00.

Wednesday Recap: GME traded between a low of $25.32 and a high of $27.48 before closing at $25.42. Trading volume was 3.86 million shares.

Cost to borrow: There were 150,000 shares available earlier this morning. Currently there are 60,000 remaining. The cost to borrow has dropped to 8.9%.

Pre market: GameStop is trading up $0.26 to $25.68 an increase of 1.02% on 10 thousand volume.

Max pain: The current max pain for GME has remained at $25.50.

GameStopNFT tweeted:

Check out another eclectic collection on the GameStopNFT marketplace - the Midnight Series from @SwitchL2NFT

Did you know?

The first civilization historians have documented using a toothpaste-like mixture to brush their teeth is the Egyptians. It is believed to have been used as early as 5,000 BC, though the first recorded formula dates back to 4 AD.

Off Exchange Volume

Yesterday, the off exchange volume for BBBY hit its highest since December 11, 2019! Over half of all shares exchanged (59.42% to be exact) happened outside the "normal" stock market. What does this mean? True price discovery is not being achieved. Let us explain:

Imagine a market where you have buyers and sellers come together to complete transactions. True price discovery occurs when the buyers agree to purchase from sellers at a certain price. If the sellers aren't attracting buyers, lowering the price is a mechanism used to increase sales.

In the stock market, you would think that when you place an order, it gets filled at the current price the market is bearing, which, if all the trading was occurring on lit exchanges, this would be the case.

When a significant amount of transactions are happening in alternative trading systems (ATS) also know as "dark pools" no one (retail investors) really knows what the true prices are. Are BBBY orders getting filled at $10, $25, $500 or even $1,234.56 per share? The only ones who know are those transacting on these dark markets.

This, my friends, is market manipulation and has been very prevalent with many tickers. BBBY and GME are the 2 we monitor the closest and have seen it run rampant with both of them. When you hear us say "the price is wrong", this is one reason for saying so.

That's why we believe this movement is about having exposure to the assets and not being so concerned about the price. If these stocks surge like we believe they will, your entry point won't matter.

Ryan Says

Ryan tweeted this back in May:

We believe Ryan is doing something to change the market. We are anxious to see.

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: Ben - Mr. Business

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.