Wednesday - February 15, 2023

Today's newsletter will take 3.17 minutes to read.

DRS UPDATE: 52.44*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap

• GameStop NFT update

• Did you know?

• There was a Flurry of Institutional Buying of BBBY Yesterday

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that is excited to see what comes next and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Congratulations, we've made it! BBBY made it to Reg SHO for 35 calendar days (C-35). Back in 2021 when GME surged from around $4 to over $400, it was a few weeks after entering this same period.

The conditions are ripe for an extreme eruption and we're excited to see how each day plays out. This is really big as it's the first time we've made it to C35.

Tuesday Recap: BBBY traded between a low of $1.77 and a high of $1.99 before closing at $1.94. Trading volume was 65.32 million shares.

Cost to borrow: There were 200,000 shares available to borrow this morning and as of now, 100,000 remain. The cost to borrow has remained at extremely elevated at 152.8%.

Pre market: Bed Bath and Beyond is trading up $0.04 to $1.98 an increase of 1.98% on almost 2 million volume.

Max pain: The current max pain for BBBY has remained at $3.00.

Tuesday Recap: GME traded between a low of $19.10 and a high of $20.01 before closing at $19.87. Trading volume was 2.74 million shares.

Cost to borrow: There were 450,000 shares available earlier this morning. Currently there are 15,000 remaining. The cost to borrow has remained steady at around 16%.

Pre market: GameStop is trading down $0.16 to $19.71 a decrease of 0.81% around 20 thousand volume.

Max pain: The current max pain for GME has dropped to $21.50.

GameStopNFT tweeted:

GameStopNFT has attracted some very talented visual artists.

Did you know?

Short selling refers to an exchange of securities through a broker on margin. An investor borrows a stock, sells it, and then buys the stock back to return to the lender. Short sellers are betting the stock they sell will drop in price. Broker-dealers loan securities to clients for the purpose of short selling.

The SEC implemented Regulation SHO on January 3, 2005—the first significant update to short selling rules since they were first adopted in 1938. Regulation SHO's "locate" standard requires brokers to have a reasonable belief the equity to be shorted can be borrowed and delivered on a specific date before short selling can occur. The "close-out" standard represents the increased amount of delivery requirements imposed upon securities that have many extended delivery failures at a clearing agency.

Regulation SHO requires reporting when the following has occurred for five consecutive settlement days:

• The aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security.

• The number of fails is equal to at least one-half of one percent of the issue's total shares outstanding.

• The security is included on a list published by a self-regulatory organization (SRO).

There was a Flurry of Institutional Buying of BBBY Yesterday

Here are the most recent institutional buys/sells:

•Alpine Global Management LLC: Bought 45,077 shares. Filed on 2/14/2023. Ownership: 0.038%

•Engineers Gate Manager LP: Bought 41,133 shares. Filed on 2/14/2023. Ownership: 0.035%

•CSS LLC IL: Sold 5,000 shares. Filed on 2/14/2023. Ownership: 0.000%

•Tobias Financial Advisors Inc.: Bought 16,024 shares. Filed on 2/14/2023. Ownership: 0.014%

•Verition Fund Management LLC: Bought 63,710 shares. Filed on 2/14/2023. Ownership: 0.011%

The current institutional ownership is at 64.16%.

As if we needed any more confirmation to what we already knew! Regardless, we welcome these large purchases.

Ryan Says

Ryan tweeted this yesterday:

Some are speculating he's referring to the "float"...we're not sure, but someday all these cryptic messages will make sense.

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

BBBY: Ben - Mr. Business

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.