Wednesday - February 8, 2023

Today's newsletter will take 2.13 minutes to read.

DRS UPDATE: 51.84*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap

• GameStop NFT update

• Did you know?

• More Institutional Buying of BBBY

Good Morning! This is Mother Squeezer, the newsletter that enjoys this roller coaster ride and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

What a day! Sure, our favorite stocks ended the day down, but we got some exciting news after market close:

Highlights from the Strategic Update:

They're shedding their debt, officially making the bankruptcy narrative lose any momentum that it had, and better positioning itself for - what we think will be - an imminent acquisition!

Tuesday Recap: BBBY traded between a low of $2.88 and a high of $3.88 before closing at $3.01. Trading volume was 225.01 million shares.

Cost to borrow: There were 0 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has remained extremely elevated with reports of over 300%. 

Pre market: Bed Bath and Beyond is trading up $0.14 to $3.15 an increase of 4.65% on over 5 million volume.

Max pain: The current max pain for BBBY has increased to $4.00.

Tuesday Recap: GME traded between a low of $20.50 and a high of $23.05 before closing at $21.22. Trading volume was 9.09 million shares.

Cost to borrow: There were 650,000 shares available earlier this morning. Currently there are 100,000 remaining. The cost to borrow has remained steady at 17%.

Pre market: GameStop is trading up $0.12 to $21.34 an increase of 0.57% on 45 thousand volume.

Max pain: The current max pain for GME has increased to $22.00.

GameStopNFT tweeted:

NFTs are changing the game. Giving us "forever" for the first time.

Did you know?

Institutional investors have an outsized influence over markets, and they own over 60% of the market value of the broadest equity index and account for 80% of the daily trading volume on that index.

Retail investors can view the activities of institutional investors for clues as to future market movements, and when they band together, retail investors have proved that they can stand toe to toe with institutional investors.

More Institutional Buying of BBBY

Yesterday we learned of FOUR more funds adding BBBY to their portfolios. Zweig-DiMenna Associates added 38,450 shares, Vista Wealth Management Group added 20,000 shares, LPL Financial added 17,337 shares and Texas Permanent School Fund added 12,698.

We understand these aren't huge positions, but what has us excited is the sheer number of funds that have begun adding one of our favorite stocks to their portfolio.

We'll keep monitoring and bringing you more as they become available.

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: 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.