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- Tuesday - October 25, 2022
Tuesday - October 25, 2022
Mother Squeezer
October 25, 2022
Today's newsletter will take 2.93 minutes to read.
DRS UPDATE: 56.54*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Monday recap
GameStop NFT update
Did you know?
More About Carl Icahn
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that gets its chops licked but continues to bring 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.
The market was up but GME and BBBY were both down, why?
As for us, we aren't always able to explain market behavior and market mechanics but we do find ourselves feeling zen. We've done the research and are just waiting on things to play out. We know it's not about price but about having exposure for when things go
As for us, we believe we're getting ready to witness a once in a lifetime cataclysmic sequence of cascading actions. We're ok being down while we're waiting on things to unfold.
Speaking of unfolding, we use to like origami as a hobby, but gave up as it was alot of paperwork. /joke
The great thing about learning oragami is the lessons that were instilled along the way. If you've ever cried over spilled milk, you know what we mean. That brings us to today's clever life hack, if you haven't spilled your milk and have Oreos to dip:
What do you call a fork with only 3 prongs? A threek.
Monday Recap: BBBY traded between a low of $4.26 and a high of $4.72 before closing at $4.26. Trading volume was 9.13 million shares.
Cost to borrow: There were 1,300,000 shares available to borrow this morning and as of now, 100,000 remain. The cost to borrow has dropped to 8.6%.
Pre market: Bed Bath and Beyond is trading up $0.06 to $4.32 an increase of 1.41% on over 80 thousand volume.
Max pain: The current max pain for BBBY has remained at $5.00.
NNN Recap: GME traded between a low of $24.11 and a high of $25.19 before closing at $24.71. Trading volume was 3.10 million shares.
Cost to borrow: There were 1,500,000 shares available earlier this morning. Currently there are 450,000 remaining. The cost to borrow has dropped a touch to 9.2%.
Pre market: GameStop is trading up $0.09 to $24.80 an increase of 0.36% on 10 thousand volume.
Max pain: The current max pain for GME has remained at $25.00.
GameStopNFT tweeted:
Refresh your music playlists with @Derevolutions's latest Minty Fresh EP, exclusively available here!
bit.ly/3DbcYEO
— GameStopNFT (@GameStopNFT)
7:37 PM • Oct 21, 2022
NFTs are new and we can only imagine where they're going. Visual art and music is already here...what's next?
Did you know?
Merger Monday is a term invented by Wall Street to denote the fact that major players in the market often finalize major mergers and acquisitions during the weekend and announce them on Monday. The goal for Monday announcements is to help sway stock prices in favor of the companies making major plays in the market.
More about Carl Icahn
We came across Carl Icahn's first interview from 1985. In it, we learned about how his uncle, Elliot Schnall, helped him get his start by loaning him $400k to get a seat at the stock exchange. It looks like Carl did pretty well. His current net worth is believed to be around $22 billion.
We also learned how Carl likes to go after undervalued companies. He looks for stocks that sell for less than the true value of the company. He's quoted as saying:
"Corporate America needs to be shaken up. Most companies are poorly managed and have too much bureaucracy and that that often accounts for low stock prices"
Know any stocks that fit the bill? According to the letter Ryan Cohen sent the Bed Bath and Beyond board back in March, he believes buybuyBaby is worth several billion dollars, yet the entire market cap of BBBY is less than 1/2 billion...hmmmm...
Have a look at it yourself:
Ryan Says
Ryan replied with this tweet back in June:
China is a sleeping giant. Let her sleep, for when she wakes she will move the world
— Ryan Cohen (@ryancohen)
10:45 AM • Jun 12, 2022
If "China" = Icahn, watch out!
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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