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- Tuesday - January 3, 2023
Tuesday - January 3, 2023
Mother Squeezer
January 03, 2023
Today's newsletter will take 2.37 minutes to read.
DRS UPDATE: 49.32.*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Friday recap
GameStop NFT update
Did you know?
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that welcomes you to a new year and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.
We hope your 2023 is off to a great start! As for us, we're doing just fine, thank you for asking.
Let's get right to it. Earlier this morning, Bed Bath and Beyond announced that their Q3 earnings report call will be on January 10, 2023. Many investors are speculating along with earnings could come an official announcement pertaining to a merger or acquisition. We can't wait to hear!
Oh yea, and Ryan Cohen's standstill agreement with BBBY has ended!
Friday Recap: BBBY traded between a low of $2.38 and a high of $2.53 before closing at $2.51. Trading volume was 6.68 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 climbed to 12.5%.
Pre market: Bed Bath and Beyond is trading up $0.06 to $2.57 an increase of 2.39% on over 1.5 million volume.
Max pain: The current max pain for BBBY has climbed to $3.00.
Friday Recap: GME traded between a low of $17.90 and a high of $18.58 before closing at $18.46. Trading volume was 2.67 million shares.
Cost to borrow: There were 100,000 shares available earlier this morning. Currently there are 95,000 remaining. The cost to borrow has climbed to 23.8%.
Pre market: GameStop is trading up $0.11 to $18.57 an increase of 0.60% on 40 thousand volume.
Max pain: The current max pain for GME has climbed to $20.00.
GameStopNFT tweeted:
To spread some extra holiday cheer, we teamed up with @JoinPlanetQuest to launch their first NFT poster collection! Owning one gets you access to a meet & greet with @Jon@JonMcCoyArtncept artist on Star Wars, the MCU, and Art Director of PlanetQuest! 🔥 http
— GameStopNFT (@GameStopNFT)
Dec 29, 2022
Planet Quest is out of this world!
Did you know?
Merge and acquisition news is officially announced either before markets open in the morning or after they close in the evening, assuming the deal is large enough and is considered “material” that investors should be made aware.
Ryan Says
Ryan tweeted this right at the end of last year:
Has inflation cured the land from covid?
— Ryan Cohen (@ryancohen)
Dec 30, 2022
Many speculate the inflation he speaks of pertains to the interest rate on borrowed shares.
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
BBBY: Ben - Mr. Business
GME: Richard Newton
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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