Tuesday - October 11, 2022

Today's newsletter will take 2.63 minutes to read.

DRS UPDATE: 55.27*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Monday recap

• GameStop NFT update

• Did you know?

• Why Do the Prices Keep Dropping?

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that brings you meal suggestions as well as clever life hacks, updates and insights, along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Happy Southern Food Heritage Day! We're from the South so can truly appreciate this one. If you're up to it - have some deep south delicacies such as étouffée, gumbo, jambalaya or even a po boy!

Where do you go to buy and sell shrimp? The Prawn shop. /joke

In the south, we take pride in our Southern Ingenuity. That brings us to today's clever life hack. Can't reach your shrubs with your hedge trimmer? Elevate your yard maintenance with this trick:

Now that's using your crane-ium!

Monday Recap: BBBY traded between a low of $5.05 and a high of $5.53 before closing at $5.30. Trading volume was 7.07 million shares.

Cost to borrow: There were 450,000 shares available to borrow this morning and as of now, 450,000 remain. The cost to borrow has remained at 10.8%. 

Pre market: Bed Bath and Beyond is trading down $0.16 to $5.14 a decrease of 3.02% on over 80 thousand volume.

Max pain: The current max pain for BBBY has remained at $6.00.

Monday Recap: GME traded between a low of $24.75 and a high of $26.50 before closing at $25.00. Trading volume was 2.91 million shares.

Cost to borrow: There were 50,000 shares available earlier this morning. Currently there are 30,000 remaining. The cost to borrow has remained steady at 9.5%.

Pre market: GameStop is trading down $0.01 to $24.99 a decrease of 0.04% on 15 thousand volume.

Max pain: The current max pain for GME has dropped to $25.50.

GameStopNFT retweeted:

Live-action on the blockchain...that's got to be a first on GameStopNFT, right Boo?

Did you know?

According to culinary history, étouffée was first served in the Hebert Hotel in the early 1920s when Mrs. Hebert, along with her daughters, Yoli and Marie, made crawfish étouffée using crawfish tails, crawfish fat, onions and pepper.

Why Do the Prices Keep Dropping?

We hear that quite frequently. We believe there's a multitude of reasons:

• The "dollar squeeze" seems to be a factor - in case you haven't noticed, the Dow Jones Industrial average has dropped about 15% since the middle of August.

• An increase in short selling - GameStop alone was shorted over 74% on Friday.

• Continuous routing of buy orders through ATS (dark pools) while routing sell orders through lit exchanges. 

This is all going to blow up one day. It may not be today. It may not be tomorrow. One day, it will be the day. Until then, we continue to buy and hold. Tick tock, tick tock.

Ryan Says

Ryan tweeted this back in May:

🤔...hmmm. We haven't figured this one out yet either.

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.