Tuesday - February 14, 2023

Today's newsletter will take 2.97 minutes to read.

DRS UPDATE: 52.44*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Monday recap

• GameStop NFT update

• Did you know?

• More Institutional Buying of BBBY

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

Let's get the formalities out of the way. Happy Valentine's Day.

We had some big BBBY news yesterday after close, Kirkland & Ellis announced an equity derivatives offering for up to $1 billion in new financing and an amendment to its credit agreement. Typically when releases like this occur, things are very close!

There are a lot of put options today at $1.50 and a lot of shares available to short with. The short sellers will try their best to drive the price down to exercise these puts. What's that mean? It may be your last time to load up before she blows. We're monitoring some bullish activity that may unfold later this week.

Monday Recap: BBBY traded between a low of $1.92 and a high of $2.38 before closing at $2.04. Trading volume was 80.04 million shares.

Cost to borrow: There were 800,000 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has remained extremely elevated at 184.7%. 

Pre market: Bed Bath and Beyond is trading down $0.04 to $2.00 a decrease of 1.96% on over 2 million volume.

Max pain: The current max pain for BBBY has dropped to $3.00.

Monday Recap: GME traded between a low of $19.01 and a high of $19.94 before closing at $19.69. Trading volume was 2.29 million shares.

Cost to borrow: There were 80,000 shares available earlier this morning. Currently there are 35,000 remaining. The cost to borrow has dipped to 16.0%.

Pre market: GameStop is trading down $0.01 to $19.68 a decrease of 0.05% on 15 thousand volume.

Max pain: The current max pain for GME has remained at $22.00.

GameStopNFT tweeted:

"Sole" mate...cute!

Did you know?

Robert Kiyosaki’s “Rich Dad Poor Dad” is one of the world’s best-selling books, with over 40 million copies sold. The author’s net worth is valued at $100 million.

In a recent tweet, the multi-millionaire Remarked that the “VALENTINE’S DAY MASSACRE is predicted by Stansberry Research.”

The good news is, we'll know if he's wrong (again) very soon!

More Institutional Buying of BBBY

We're seeing even more new names adding BBBY to their portfolios this week. Invesco Ltd. added over 1.3MM shares, Allianz Asset Management added over 1.1MM shares and CTC Capital Management opened a new position acquiring over 600K shares.

Our guest list is growing. Let's all give a round of applause to the newest holders!

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.