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- Tuesday - September 13, 2022
Tuesday - September 13, 2022
Today's newsletter will take 2.97 minutes to read.
DRS UPDATE: 53.62*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Monday recap
GameStop NFT update
Did you know?
More Insider Buying at BBBY
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that brings you the latest after market close updates along with clever life hacks, updates and insights, along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.
This entire movement has been nothing less than beautiful. There are so many of us from all different walks of life and all different professions. We've read DD (due diligence) from shareholders who are executives of other companies, attorneys, SEC and FINRA employees, financial advisors and even musicians.
Which has us asking, how do you get a million dollars by becoming a musician? Start with two million. /joke
If you're not a musician but you like listening to music, try today's clever life hack for improved speaker experience from your iPhone (musicians welcome to try as well):
Just be sure you're listening to rock 'n' roll!
Monday Recap: BBBY traded between a low of $8.66 and a high of $9.38 before closing at $9.17. Trading volume was 20.27 million shares.
Cost to borrow: There were 1,100,000 shares available to borrow this morning and as of now, a fresh batch of 1,100,000 remain. The cost to borrow has dropped a little to 14.3%.
Pre market: Bed Bath and Beyond is trading down $0.21 to $8.96 a decrease of 2.29% on over 650 thousand volume.
Max pain: The current max pain for BBBY has dropped to $10.50.
Monday Recap: GME traded between a low of $28.00 and a high of $30.34 before closing at $29.24. Trading volume was 6.17 million shares.
Cost to borrow: There were 100,000 shares available earlier this morning. Currently there are 25,000 remaining. The cost to borrow has remained steady at 9.9%.
Pre market: GameStop is trading down $0.79 to $28.45 a decrease of 2.70% on 120 thousand volume.
Max pain: The current max pain for GME has dropped to $30.00.
GameStopNFT tweeted:
The crossroads of GameStop and Web3, what does it mean to you?
— GameStopNFT (@GameStopNFT)
4:08 PM • Sep 12, 2022
It would seem that the current iteration of the GameStopNFT marketplace is just the beginning. What do you think this evolves into? We're excited to see!
Did you know?
The term rock 'n' roll derives from the more literal "rocking and rolling", a phrase used by 17th-century sailors to describe the motion of a ship on the sea. Any phrase that is used to suggest rhythmic movement of this sort - particularly by lonely seamen - runs the risk of being purloined as an euphemism.
More Insider Buying at BBBY
Yesterday after the close of trading, Bed Bath and Beyond filed a Form 3 with the SEC notifying all that more insider buying was going down. It appears that Patty Wu, the executive vice president and brand president of buybuy BABY, has purchased an additional 4,255 shares.
Anytime we see insiders buying, that's a very good sign. This follows up 3 other BBBY insiders making share purchases over the past few months including interim CEO, Sue Gove.
We are all on our own path with our own financial goals. This includes the insiders at GameStop and Bed Bath and Beyond. It gives us a little validation when insiders buy stock alongside us. Since we don't have the same access to information, we have to look for confidence from those who know more than we do.
Thank you Patty Wu - we love you!
Ryan Says
Ryan tweeted this back in April:
Inflated compensation across Corporate America is deplorable. Is this connected to over a decade of negative real interest rates and massive stimulus?
— Ryan Cohen (@ryancohen)
3:41 AM • Apr 12, 2022
Ryan went on a tear earlier this year letting everyone know how he felt about executives receiving outsized compensation with little performance to justify it.
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
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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