Wednesday - March 1, 2023

Today's newsletter will take X.XX minutes to read.

DRS UPDATE: 59.90*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap

• Did you know?

• Some Confusion Around Reg SHO

Good Morning! This is Mother Squeezer, the newsletter that celebrates the small wins 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 BBBY, you've won!

While this is not a prize we're happy to win, one thing we are happy about is seeing reports of the bonds getting paid over the past few days:

The stock keeps getting shorted, causing the price to continue to fall, but the company is making major strides in a turnaround. We just need a catalyst to turn things around!

Tuesday Recap: BBBY traded between a low of $1.36 and a high of $1.53 before closing at $1.41. Trading volume was 69.96 million shares.

Cost to borrow: There were 400,000 shares available to borrow this morning and as of now, 150,000 remain. The cost to borrow has climbed to 110.0%. 

Pre market: Bed Bath and Beyond is trading up $0.01 to $1.42 an increase of 0.71% on over 2.2 million volume.

Max pain: The current max pain for BBBY has remained at $1.50.

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

Cost to borrow: There were 550,000 shares available earlier this morning. Currently there are 200,000 remaining. The cost to borrow has remained steady at 10.7%.

Pre market: GameStop is trading down $0.05 to $19.18 a decrease of 0.26% on around 100 thousand volume.

Max pain: The current max pain for GME has dropped to $19.50.

Did you know?

“Naked” short selling can have negative effects on the market. Fraudsters may use “naked” short selling as a tool to manipulate the market. Market manipulation is illegal. The SEC has toughened its rules including through the adoption of Rule 10b-21 in 2008, referred to as the “naked” short selling antifraud rule, and is vigilant about taking actions against alleged wrongdoers.

Source: 

https://www.sec.gov/investor/pubs/regsho.htm

Some Confusion Around Reg SHO

Since there's not an official count, tracking the time on Reg SHO by t+ (trade) dates and c+ (calendar) dates can be confusing.

Some investors have already shown C+35 come and go while other resources have it arriving today (see below) and tomorrow (see: https://stocksera.pythonanywhere.com/ticker/regsho/?quote=BBBY).

We're not sure either, but we're keeping an eye out today and tomorrow to see if we see any impact.

This is important because if closures are enforced at or after C+35, it could provide the much needed catalyst to turn the momentum around and see the stock climb again.

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.