Wednesday - November 23, 2022

Today's newsletter will take 2.93 minutes to read.

DRS UPDATE: 58.40*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap

• GameStop NFT update

• Did you know?

• How to Manipulate a Stock Price For Beginners

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that is excited for tomorrow's Thanksgiving feast and brings you clever life hacks, updates and insights, along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Did you notice that strange color on the BBBY chart yesterday? It wasn't red. We've seen so many days of decline, we almost forgot what upwards movement looks like. It's not just the charts that have become confusing, but we're noticing abnormalities in other areas as well.

It's been cold here. But not as cold as out West. We actually have a colorblind friend that just moved to Denver. They think they now live in the capital of Ado. /joke

We've been prepping our house to sell in anticipation of the big move. This has us cleaning, clearing, painting and packing. We wanted to bring you this trick to save some frustration with your next move in today's clever life hack:

Place a rubber band around an open paint can to wipe your brush on, and keep paint off the side of the can

Another tip: if you're cold, put on another coat!

We wish you all a happy Thanksgiving and we'll be back on Monday!

Tuesday Recap: BBBY traded between a low of $3.11 and a high of $3.24 before closing at $3.18. Trading volume was 7.25 million shares.

Cost to borrow: There were 1,000,000 shares available to borrow this morning and as of now, 75,000 remain. The cost to borrow has remained at 8.3%. 

Pre market: Bed Bath and Beyond is trading up $0.06 to $3.23 an increase of 1.73% on over 90 thousand volume.

Max pain: The current max pain for BBBY has remained at $3.50.

Tuesday Recap: GME traded between a low of $24.70 and a high of $26.45 before closing at $26.30. Trading volume was 4.23 million shares.

Cost to borrow: There were 2,000,000 shares available earlier this morning. Currently there are 100,000 remaining. The cost to borrow has dropped to 7.6%.

Pre market: GameStop is trading down $0.30 to $26.00 a decrease of 1.14% on 25 thousand volume.

Max pain: The current max pain for GME has remained at $26.00.

GameStopNFT tweeted:

You had us at next generation chess platform. Check out @TheImmortalGame!

Did you know?

"Short exempt" refers to a short sale order that is exempt from the price test of the Securities and Exchange Commission’s (SEC) Regulation SHO. The current implementation of this regulation contains a modified version of the uptick rule, which restricts the price of short sale orders on a security whose price is falling. The current regulation allows for a comparatively small number of restrictions, and within those restrictions are an even smaller fraction of exceptions to that rule.

These exceptions are intended to allow brokers to best serve their customers in panicked markets.

How To Manipulate a Stock Price For Beginners

Ever wanted to drive a stock price down? If you have enough capital and access to an ATS, you can! Check out this chart a Reddit user created to illustrate the relationship between closing price, % of total volume shorted and % of short volume that's exempt (definition mentioned above):

As you can see, the black is the closing price and the red is the exempted trading. As the exempted trading increases, the closing price decreases.

You know what else looked like this? The GameStop chart back in 2020 before it shot up from around $4 to over $400 in January of 2021.

Will history repeat itself? We think it just might.

Ryan Says

Ryan tweeted this back in August 2021:

Somebody's about to kill Kenny!

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.