Thursday - September 22, 2022

Today's newsletter will take 2.73 minutes to read.

DRS UPDATE: 54.03*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Wednesday recap

• GameStop NFT update

• Did you know?

• Sometimes We Need a Hug

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that hugs it out 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.

There's ugly and then there's UGLY. This market is ugly. We're hopeful it doesn't get really ugly.

This market is getting so ugly that when its momma dropped it off at school it got a littering fine. /joke

Maybe it's because they're ugly, maybe it's because you have a bad memory...regardless, if you forget someone's name, follow today's clever life hack and take them to Starbuck's for a reminder:

Nice to meet you...Janice?

Wednesday Recap: BBBY traded between a low of $7.27 and a high of $7.72 before closing at $7.27. Trading volume was 8.73 million shares.

Cost to borrow: There were 450,000 shares available to borrow this morning and as of now, 150,000 remain. The cost to borrow has remained at 13.0%.

Pre market: Bed Bath and Beyond is trading up $0.02 to $7.29 an increase of 0.28% on over 70 thousand volume.

Max pain: The current max pain for BBBY has remained at $8.50.

Wednesday Recap: GME traded between a low of $26.77 and a high of $28.99 before closing at $26.86. Trading volume was 3.82 million shares.

Cost to borrow: There were 300,000 shares available earlier this morning. Currently there are 150,000 remaining. The cost to borrow has remained steady at 10.0%.

Pre market: GameStop is trading up $0.25 to $27.11 an increase of 0.93% on 35 thousand volume.

Max pain: The current max pain for GME has remained at $29.00.

GameStopNFT tweeted:

There's ugly and then there's angels...this is beautiful! This is a very nice collection from @Galestorm.

Did you know?

According to scholars, the tale of The Ugly Duckling reflects Hans Andersen’s own feelings of alienation. As a boy, he was teased for his appearance and high-pitched voice, which often made him feel isolated, and he later wrote a story about a boy named Hans who gets made fun of as a child. Much like the ugly duckling, Andersen only later in life became the “swan”—a cultured, world-renowned writer with friends in high places. Andersen even admitted of The Ugly Duckling, “This story is, of course, a reflection of my own life.”

Sometimes We Need a Hug

Let's face it, sometimes we just need a hug. The market is ugly right now, it doesn't feel good and we're here to commiserate with you.

We are experienced enough to know that markets travel in cycles and looking at where we think GME and BBBY are heading, we're much closer to the bottom than the top.

We understand that this market doesn't allow for true price discovery because of PFOF (payment for order flow), ATS (alternative trading systems) and naked shorting. While it appears that a security may be trading at $X, it's true value may be 6,8,10 even 20x.

The numbers don't lie and the day of reckoning will eventually come and the short sellers will have to pay. Until then, we wait.

Ryan Says

Ryan tweeted this back in May:

The Fed raised rates again yesterday, no surprise there. RC let us know how he feels about rate increases months ago.

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

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.