Wednesday - April 5, 2023

Today's newsletter will take 2.91 minutes to read.

DRS UPDATE: 59.46%* (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap

• GameStop NFT update

• Did you know?

• Region-Formal is back with More

Good Morning! This is Mother Squeezer, the newsletter that wants you to remember what it feels like on this side of things and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

There's been a lot of chatter with BBBY that we're in the midst of the deadliest bear trap. Do you agree?

I hope so. Because otherwise, why would you be in the play?

This looks to us like the most epic bear trap in stock market history. Once this thing (BBBY) bottoms out, it's going to get ugly...quickly, for the short sellers.

The names that haven't been ruled out on this play are Ryan Cohen, Carl Icahn, Brett Icahn, Larry Cheng and Blake Day.

You may not be familiar with all of them now, but you may be soon. We'll do our part to help educate you.

Update: The company is in the midst of a turnaround. This morning they released this announcing the launch of a vendor consignment program.

Additionally, Sue expressed her gratitude towards us:

Tuesday Recap: BBBY traded between a low of $0.33 and a high of $0.38 before closing at $0.35. Trading volume was 120.11 million shares.

Cost to borrow: There were 5,200,000 shares available to borrow this morning and as of now, 4,800,000 remain. The cost to borrow has remained extremely elevated at 67.6%.

Pre market: Bed Bath and Beyond is trading up $0.02 to $0.38 an increase of 7.06% on over 7 million volume.

Max pain: The current max pain for BBBY has remained at $0.50.

Tuesday Recap: GME traded between a low of $22.09 and a high of $23.14 before closing at $22.35. Trading volume was 3.45 million shares.

Cost to borrow: There were 500,000 shares available earlier this morning. Currently there are 20,000 remaining. The cost to borrow has remained steady at 12.5%.

Pre market: GameStop is trading down $0.08 to $22.27 a decrease of 0.36% on around 9 thousand volume.

Max pain: The current max pain for GME has remained at $22.50.

GameStopNFT tweeted:

If you've ever thought about becoming a GameStopNFT creator, apply now!

Did you know?

Michael Blake Day is one of Ryan Cohen's co-founders of Chewy, a leading online retailer of pet food and supplies. While there is limited public information available about him, here are a few facts:

Background: He grew up in Long Island, New York, and attended the University of North Carolina at Charlotte, where he met Ryan Cohen, his future business partner at Chewy.

Early career: After graduating from college, Day worked in various jobs in the finance and real estate industries, including as a mortgage loan officer and a leasing consultant for apartment complexes.

Co-founding Chewy: In 2011, Day and Cohen founded Chewy, which began as an online retailer of pet food and supplies. The company quickly gained a reputation for its exceptional customer service, fast shipping times, and dedication to pet welfare.

Departure from Chewy: While Ryan Cohen remained with Chewy until its acquisition by PetSmart, Blake left the company in 2013, citing personal reasons. After leaving Chewy, he reportedly started a real estate development company in Florida.

Region-Formal is at Back with More

u/Region-Formal is back with some more insights. He's speaking to us and addressing how many of us are feeling about now, but also adding some context for how things have played out in the past.

Take a look at his latest post:

Read the complete thread here including comments.

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

BBBY: ThePPShow

GME: 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.