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- Tuesday - November 15, 2022
Tuesday - November 15, 2022
Mother Squeezer
November 15, 2022
Today's newsletter will take 3.03 minutes to read.
DRS UPDATE: 57.70*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Monday recap
GameStop NFT update
Did you know?
52 Week Low for BBBY
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that is excited about this next phase 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.
Later today, provided that BBBY doesn't extend the bond deadline, we will have made it! At 11:59pm the bond offer comes to an end and we'll soon learn the outcome. We're expecting things to get electric over the coming weeks!
We scheduled an appointment with the lady who does my wife's eyebrows. She said she could pencil her in. /joke
It seems like something is going around. We've heard from several of our friends and family members that several are down and out with cold-like symptoms. No worries, with today's clever life tip, you'll be less likely to become ill:
To Make Sure Your Phone Is Nice And Clean, Microwave It For 30 Seconds In The Morning To Get Rid Of All The Bad Bacteria That Might Have Got On It During The Night
Why can't you surf microwaves? They are too small.
Monday Recap: BBBY traded between a low of $3.52 and a high of $3.87 before closing at $3.74. Trading volume was 25.14 million shares.
Cost to borrow: There were 150,000 shares available to borrow this morning and as of now, 150,000 remain. The cost to borrow has climbed to 8.9%.
Pre market: Bed Bath and Beyond is trading up $0.11 to $3.85 an increase of 2.94% on over 430 thousand volume.
Max pain: The current max pain for BBBY has remained at $6.00.
Monday Recap: GME traded between a low of $25.61 and a high of $27.38 before closing at $26.05. Trading volume was 4.33 million shares.
Cost to borrow: There were 300,000 shares available earlier this morning. Currently there are 300,000 remaining. The cost to borrow has remained steady at 9.1%.
Pre market: GameStop is trading up $0.85 to $26.90 an increase of 3.26% on 70 thousand volume.
Max pain: The current max pain for GME has dropped to $26.25.
GameStopNFT tweeted:
GameStop is winding down its relationship and pilot gift card marketing partnership with and will be providing full refunds to impacted customers. Please reach out to customer service if you purchased a gift card.
— GameStopNFT (@GameStopNFT)
9:15 PM • Nov 11, 2022
Props to GameStop, that's how you handle the unexpected.
Did you know?
When heated in a microwave oven, closed containers like egg can explode due to the increased pressure from steam that builds inside them.
52 Week Low for BBBY
We matched our 52 week low today of $3.52. Are we worried? Of course not. We know how this game is played. For those of you who weren't around, GameStop spent much of 2020 in the $4 range. January of 2021 it blasted off to the high $400's. We all know it would have traveled much higher if it weren't for the shady brokers disabling the "buy" button.
Bed, Bath and Beyond is traveling in a similar trajectory. We've become immune to all of swaps, the off exchange trading and the naked shorting to drive the price down. We know that at some point they're not going to be able to control it like they are now.
When that day comes, we're ready. Many believe today marks a new phase for BBBY. We think the next 6 weeks could be magical. Only time will tell.
Ryan Says
Ryan tweeted this back in June:
Wall Street charges lofty fees, doesn’t risk its own money, consistently underperforms and wins regardless of how the economy does. Meanwhile, Main Street faces inflation and a growing wealth gap. What’s the solution?
— Ryan Cohen (@ryancohen)
10:59 PM • Jun 27, 2022
We think Ryan Cohen has a solution. Time will tell.
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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