Wednesday - March 22, 2023

Today's newsletter will take 3.17 minutes to read.

DRS UPDATE: 60.83%* (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap

• GameStop NFT update

• Did you know?

• Readers Write

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

Did you see GME after market close? They released profitable earnings and the stock surged after the market closed, up over 55% crossing $27.00 before retreating back some!

BBBY had some after hours movement as well, climbing over 10% before falling back a little. Could the "meme basket" be beginning to move like we've seen before in the past?

Jerome will be announcing how much the Fed will be raising rates this morning which will most likely influence today's market activity.

If it turns out to be a quarter point hike, the overall market is predicted to climb, if it's a half point hike, the overall market is predicted to drop.

Tuesday Recap: BBBY traded between a low of $0.80 and a high of $0.86 before closing at $0.82. Trading volume was 52.4 million shares.

Cost to borrow: There were 550,000 shares available to borrow this morning and as of now, 200,000 remain. The cost to borrow has remained extremely elevated at 114.5%.

Pre market: Bed Bath and Beyond is trading up $0.07 to $0.89 an increase of 8.31% on over 4.1 million volume.

Max pain: The current max pain for BBBY has remained at $1.00.

Tuesday Recap: GME traded between a low of $17.14 and a high of $18.35 before closing at $17.65. Trading volume was 16.2 million shares.

Cost to borrow: There were 450,000 shares available earlier this morning. Currently there are 400,000 remaining. The cost to borrow has remained steady at 30.9%.

Pre market: GameStop is trading up $9.69 to $27.34 an increase of 54.90% on around 3.7 million volume.

Max pain: The current max pain for GME has remained at $17.00.

GameStopNFT tweeted:

Click the tweet above for a list of some of the fan favorites.

Did you know?

Camel humps let them store up to 80 pounds of fat which they can live off for weeks and even months! When a camel finally does find water, he can drink up to 40 gallons in one go.

Camels are very strong and can carry up to 900 pounds for 25 miles a day. They can travel at up to 40 miles per hour – the same as a racehorse!

Readers Write

Derrick from Michigan writes:

BBBY has dropped pretty much ever since I bought it back in January. Should I sell and try to buy back in if it drops lower?

Derrick, thank you for your message. Since we're a speculative, entertainment and news sharing publication and not authorized to provide financial advice, we can't advise you on how to trade.

However, what we can tell you is that this is an incredibly confusing play! The algorithmic trading programs that control much of the trading activity we see on a daily basis are programmed to push you out of your positions.

The way we look at things is if we thought it was a good buy at $4X and now it's at $1X, it should be a better buy, right?

Consider this, when Ryan Cohen bought in around $14 last year, he wrote in his letter to the board about how he felt the company was undervalued at that share price because of the trapped value with the buybuy Baby brand. The BABY brand alone has been estimated to be worth over $2B which would make the share price over $17. Sue Gove, the current CEO, bought 50,000 a little over $4.60 a share and hasn't sold any. Value is always relative and those two price points show just how undervalued BBBY is at these prices.

These short squeeze plays rarely play out as we think, often times they drop much lower in price than we anticipate, but boy they can sure fly much higher than we could ever imagine as well.

What has us excited about BBBY is the massive turnaround they are in the midst of. Additionally, if any of the merger/acquisition/spinoff/takeover theories end up being true, that could be the catalyst to see this thing rip!

Regardless, do what you think is best but just be sure to consider as many of the pros and cons that you can before making a move. Every investor has their own goals and risk tolerances and should make investment decisions accordingly.

Thank you for your message!

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.