Tuesday - January 24, 2023

Today's newsletter will take 2.33 minutes to read.

DRS UPDATE: 51.10*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Monday recap

• GameStop NFT update

• Did you know?

• Inverse Correlation Detected

Good Morning! This is Mother Squeezer, the newsletter that is anxiously awaiting to see if the rip is coming and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Yesterday the trading activity between GME and BBBY were almost exactly opposite.

They were oppositely mirroring each other within a fraction of a percent for most of the day. This isn't the first time we've seen this. In previous sessions over the past few years substantial gains followed this behavior for each ticker.

Monday Recap: BBBY traded between a low of $2.83 and a high of $3.10 before closing at $2.94. Trading volume was 51.13 million shares.

Cost to borrow: There were 45,000 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has dropped a little to 197.9%. 

Pre market: Bed Bath and Beyond is trading up $0.51 to $3.45 an increase of 17.35% on over 6.9 volume.

Max pain: The current max pain for BBBY has remained at $3.50.

Monday Recap: GME traded between a low of $19.37 and a high of $22.49 before closing at $21.66. Trading volume was 7.17 million shares.

Cost to borrow: There were 1,100,000 shares available earlier this morning. Currently there are 50,000 remaining. The cost to borrow has dipped to 20.8%.

Pre market: GameStop is trading down $0.34 to $21.32 a decrease of 1.57% on 62 thousand volume.

Max pain: The current max pain for GME has climbed to $19.50.

GameStopNFT tweeted:

Did you notice the new buybuy Baby brand Ever & Ever used a similar looking bunny in its launch media? Hmmm...(look closely).

Did you know?

It’s possible to find advertisements of special Tuesday taco deals as far back as the 1930s. In particular, the earliest reference to this tradition can be found in the El Paso Herald-Post, under the classifieds section of the paper. In October 1933, White Star Cafeteria created a weeklong campaign in order to let locals know that they were offering “Mexican tacos” each Tuesday.

Throughout the next several decades, a number of restaurants had designated Tuesday as the day for special deals on tacos. Sometimes, these businesses would even come close to using the phrase “Taco Tuesday,” itself.

Inverse Correlation Detected

Predicting how assets will trade is like predicting the weather. The week we had last week resulted in price surges 4 out of the last 6 times the conditions were similar. Last week, the price movements were muted. We don't know why.

Interestingly enough, another pattern has been detected. Look at the above comparison between BBBY and GME and AMC. In 2021, when GME and AMC dipped, what followed was an absolute rip. With BBBY we're currently in the dip. What will follow is anyones guess.

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.