Wednesday - March 8, 2023

Today's newsletter will take 2.17 minutes to read.

DRS UPDATE: 60.06%* (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap

• GameStop NFT update

• Did you know?

• There's a Lot of FTDs Due Next Week

Good Morning! This is Mother Squeezer, the newsletter that is ready for some consecutive green days and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

We've been seeing a lot of red as of late. We're hoping to string together some consecutive green days to get things going in the other direction.

Update: BBBY released this statement earlier this morning along with this 175 page 8K filing (we're still reading through it). Step by step they're turning things around!

Tuesday Recap: BBBY traded between a low of $1.30 and a high of $1.42 before closing at $1.34. Trading volume was 45.75 million shares.

Cost to borrow: There were 150,000 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has remained elevated at 113.4%.

Pre market: Bed Bath and Beyond is trading up $0.01 to $1.35 an increase of 0.75% on over 2 million volume.

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

Tuesday Recap: GME traded between a low of $18.06 and a high of $18.84 before closing at $18.06. Trading volume was 2.37 million shares.

Cost to borrow: There were 650,000 shares available earlier this morning. Currently there are 350,000 remaining. The cost to borrow has remained around 9.2%.

Pre market: GameStop is trading up $0.14 to $18.20 an increase of 0.78% on around 22 thousand volume.

Max pain: The current max pain for GME has remained at $19.00.

GameStopNFT tweeted:

Here's a GameStopNFT exclusive!

Did you know?

Failure to deliver (FTDs) create what are called "phantom shares" in the marketplace, which may dilute the price of the underlying stock. In other words, the buyer on the other side of such trades may own shares, on paper, which do not actually exist.

There's a Lot of FTDs Due Next Week

We've gone into failures to deliver many times in the past so we'll save you the long explanation. You can refresh your understanding by seeing what Investopedia says about them.

Next week, there are quite a bit due to be...well, delivered.

You can see exactly how many by looking at the above image in the "quantity" column. Now theoretically, all of these will need to be bought on the open market to deliver the shares that were previously sold short.

If you see a price surge next week, this could be one of the reasons why.

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.